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BANKNIFTY

BankNifty Support & Resistance Levels for Budget Day 01.02.2025Friday’s session was marked by strong volatility, with BankNifty opening negative and making a day low of 49,031.80 before rallying to 49,674.80. It then dropped to 49,302, only to surge again, closing at 49,587.20, gaining 275 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) has turned sideways, indicating potential consolidation. Demand/Support Zones Near Demand/Support Zone (15m): 49,031.80 - 49,167.90 Near Demand/Support Zone (15m): 48,511.70 - 48,627.95 Far Demand/Support Zone (125m): 47,981.35 - 48,319.20 Far Support Level: 46,077.85 (Low from 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (Tested multiple times, current price inside this zone) Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (Inside the Daily Supply Zone) Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside the Weekly Supply Zone) Outlook With the Union Budget 2025 set to be presented in Parliament, expect high volatility in Saturday’s special trading session (1st February). For intraday trading, focus on higher time frame zones (75m, Daily, Weekly) instead of lower time frames (30m, 15m, 5m) for better clarity and precision.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 31.01.2025Thursday’s session was marked by high volatility, with BankNifty opening flat and making a low of 49,031.80. It then rallied to 49,360.65, dropped again to 49,114.05, and rebounded to a day high of 49,426.20 in the final trading hour, entering the multiple-time-tested Daily Supply Zone. The index closed at 49,311.95, gaining 146 points over the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) is Negative to Sideways, signaling potential uncertainty ahead. Demand/Support Zones Near Demand/Support Zone (15m): 48,511.70 - 48,627.95 Near Demand/Support Zone (30m): 47,981.35 - 48,195.40 Near Support Level: 46,077.85 (Low from 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (Tested multiple times) Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (Inside the Daily Supply Zone) Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside the Weekly Supply Zone) Outlook BankNifty is hovering near a strong supply zone, and a breakout above 49,500 could lead to further upside towards 50,000+ levels. However, failure to sustain at current levels may bring support zones into play.
NSE:BANKNIFTY
by PriteshPalan
BANKNIFTY : Trading levels and Plan for 31-Jan-2025 A well-defined trading plan is key to navigating market movements efficiently. Let’s analyze BankNifty for 31st Jan 2025 and build a strategy considering different opening scenarios. 📍 Key Levels: Opening Support / Resistance: 49,266 - 49,167 Profit Booking Zone: 49,869 - 50,132 Last Intraday Support: 48,704 - 48,637 Opening Support (Gap Down Case): 49,021 🚀 Scenario 1: Gap-Up Opening (200+ points above 49,400) If BankNifty opens with a strong gap-up above 49,600, we need to be cautious of a possible profit booking at 49,869 - 50,132 . Here’s the plan: - If price sustains above 49,869 , look for bullish momentum towards 50,132 . - If rejection happens from 49,869 , wait for price action confirmation before shorting with a target of 49,600 - 49,400 . - Avoid chasing longs directly at the opening; wait for a retest of support levels. 👉 Pro Tip: A strong bullish close above 50,132 can open doors for a new breakout rally! 📊 Scenario 2: Flat Opening (49,250 - 49,400) A neutral start around 49,250 - 49,400 requires a patient approach. - If BankNifty holds 49,266 - 49,167 , we can expect a slow move towards 49,600+ . - A breakdown below 49,167 could push the index towards 49,021 and even 48,704 . - For aggressive traders, a range breakout above 49,400 can provide intraday buying opportunities. 👉 Pro Tip: If volatility is low, look for options scalping opportunities within the range. 📉 Scenario 3: Gap-Down Opening (200+ points below 49,167) A weak opening below 49,167 suggests cautious trading. - If 49,021 holds as support, expect a pullback rally to retest 49,167 - 49,266 . - A breakdown below 49,021 can trigger a strong downside move towards 48,704 - 48,637 . - Watch for reversal signs near major support levels before initiating long trades. 👉 Pro Tip: If the market forms a lower high after a gap-down, follow the trend instead of catching falling knives. 🛑 Risk Management & Option Trading Tips: 🎯 Always define stop-loss before entering a trade to avoid emotional decision-making. Avoid overleveraging in volatile conditions – capital protection is key! 💰 In case of uncertainty, wait for price confirmation instead of rushing into trades. Use hedging strategies like spreads to manage risk in options trading. Check Open Interest (OI) data to gauge market sentiment before making decisions. 📌 Summary & Conclusion: 🔹 BankNifty is at a crucial juncture with 49,266 - 49,167 acting as a key pivot zone. 🔹 Bullish Bias if it holds above 49,869 , targeting 50,132+ . 🔹 Bearish Outlook below 49,021 , targeting 48,704 - 48,637 . 🔹 Wait for confirmation before jumping into trades – discipline wins in the market! 🏆 ⚠️ Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Trade at your own risk and manage capital wisely! 🚀📊
NSE:BANKNIFTYLong
by LiveTradingBox
BankNifty Intraday Support & Resistance Levels for 30.01.2025On Wednesday, BankNifty opened with a gap-up, showing initial strength. It made a low of 48,849.80, attempted a rally to 49,165.75, but retraced back to 48,859.70 before recovering again to hit the day's high at 49,199.65. Eventually, it closed at 49,165.95, gaining 299 points over the previous close. The Weekly Trend (50 SMA) and the Daily Trend (50 SMA) remains Negative, indicating overall weakness despite short-term recovery. Demand/Support Zones Near Demand/Support Zone (15m): 48,511.70 - 48,627.95 Near Demand/Support Zone (30m): 47,981.35 - 48,195.40 Near Support Level: 46,077.85 (Low from 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested multiple times) Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (inside the Daily supply zone) Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (inside the weekly supply zone) Outlook BankNifty is trading close to a strong supply zone (49,230 - 50,447), making this a crucial resistance level. Failure to break above this zone could lead to another downward move toward 48,000 or lower. However, a decisive breakout above 50,000 could trigger further upside. With Budget 2025 around the corner, expect heightened volatility in the coming sessions.
NSE:BANKNIFTY
by PriteshPalan
BANKNIFTY : Trading levels and plan for 30-Jan-2025📊 Bank Nifty Trading Plan for 30-Jan-2025 This trading plan covers all possible opening scenarios (Gap-Up, Flat, and Gap-Down) along with important resistance and support levels. Follow these levels carefully to maximize your trades. 📈 Scenario 1: Gap-Up Opening (200+ points above 49,163) If Bank Nifty opens with a gap-up, it will likely test the resistance levels. Key focus points: 🔹 First Resistance Zone: 49,266 – If price sustains above this level, it can move towards 49,454-49,599. Consider call option trades if momentum remains strong with stop-loss at 49,100. 🔹 Profit Booking / Sideways Zone: 49,869 – This is a crucial area where sellers might become active. Avoid chasing longs here. 🔹 If Bank Nifty rejects from 49,266, watch for a retracement towards 49,015-49,063 before taking fresh trades. 💡 Pro Tip: Always wait for a retest and confirmation before entering a trade in a gap-up market. 📉 Scenario 2: Flat Opening (Near 49,163) A flat opening means price action will revolve around the No Trade Zone: 49,015-49,166. Key levels to monitor: 🔹 If price sustains above 49,166, expect bullish movement towards 49,266, followed by 49,454. Enter call options only after a breakout confirmation. 🔹 If price rejects from 49,166, it may slip towards 49,015, and if this breaks, expect a drop to 48,837-48,704. Put options can be considered here. 🔹 Avoid trading in the No Trade Zone unless a clear breakout/breakdown happens. 💡 Pro Tip: Flat openings often create a trap in the first 15 minutes. Let the market settle before taking a position. ⬇️ Scenario 3: Gap-Down Opening (200+ points below 49,163) A bearish gap-down could test support levels. Here’s how to trade it: 🔹 Opening Support Zone: 48,837-48,704 – If this zone holds, expect a pullback to 49,015. A strong reversal from this level can provide a good call option opportunity. 🔹 If 48,704 breaks, expect further downside towards 48,549, followed by 48,167. Look for put options with SL at 48,750. 🔹 If price sustains below 48,167, expect high volatility. Avoid aggressive long positions. 💡 Pro Tip: In gap-down markets, avoid catching falling knives. Look for proper support confirmation before entering long trades. 🛡️ Risk Management Tips for Options Trading 🔹 Keep a fixed risk per trade (1-2% of capital) to avoid big losses. 🔹 Use ATM (At-the-Money) or slightly OTM (Out-of-the-Money) options for better liquidity. 🔹 Don't overtrade. If your first 2 trades fail, step back and analyze the market. 🔹 Follow proper stop-loss levels to protect capital. 📊 Summary and Conclusion Resistance Zones: 49,266, 49,454-49,599, 49,869 Support Zones: 49,015, 48,837-48,704, 48,549, 48,167 No Trade Zone: 49,015-49,166 (Wait for breakout/breakdown) 📌 Stick to the plan and manage risk wisely. Market structure matters more than emotions! ⚠️ Disclaimer: I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Trade at your own risk. 😊
NSE:BANKNIFTYLong
by LiveTradingBox
BankNifty Intraday Support & Resistance Levels for 29.01.2025On Tuesday, BankNifty opened with a gap-up, signaling strong buying interest. It made a low of 48,449.05 before rallying to a high of 49,247.15. However, in the final trading hour, it gave up some gains, closing at 48,866.85, marking an impressive gain of 802 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain Negative, reflecting underlying bearishness. Demand/Support Zones Near Demand/Support Zone (15m): 48,511.70 - 48,627.95 Near Demand/Support Zone (30m): 47,981.35 - 48,195.40 Near Support Level: 46,077.85 (low from 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested multiple times) Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (inside the Daily supply zone) Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (inside the Weekly supply zone) Outlook BankNifty's strong rally above 49,200 suggests potential for recovery, but the inability to sustain gains highlights persistent selling pressure near critical resistance levels. The 48,000 - 48,500 zone is a key support area, while resistance near 49,800 - 50,500 could limit upside moves. With the Budget 2025 around the corner, expect heightened volatility in the sessions ahead.
NSE:BANKNIFTY
by PriteshPalan
BANKNIFTY : Trading levels and plan for 29-Jan-2025Below is a structured trading plan for Bank Nifty for 29th January 2025, covering all possible opening scenarios. Each scenario explains how to act on specific levels, keeping risk management in mind to trade smartly. 📈 Scenario 1: Gap-Up Opening (200+ points above 48,886) If Bank Nifty opens with a gap-up, watch for levels around 49,020: 🔹 Resistance Zone: 49,020 - Wait for price action confirmation here. If this level holds as resistance, consider initiating a put option trade , targeting 48,759-48,858. 🔹 If 49,020 breaks with volume, it could lead to a rally towards the Profit Booking Zone: 49,547-49,596. Plan for call options with a strict stop-loss at 48,880. 🔹 Avoid overtrading in choppy markets near 49,020 without clear signals. 💡 Pro Tip: Wait for a 15-minute candle close above/below the key levels for better clarity. 📉 Scenario 2: Flat Opening (Near 48,886) A flat opening brings the market closer to its current closing price, making 48,759-48,858 a crucial pivot area: 🔹 If Bank Nifty sustains above 48,886, target 49,020 first and later 49,311. Ideal for buying call options . 🔹 If Bank Nifty slips below 48,759, expect weakness towards 48,459-48,558. Look for put option trades with SL above 48,900. 💡 Pro Tip: Flat markets often give breakout/breakdown opportunities within the first hour. Patience pays! ⬇️ Scenario 3: Gap-Down Opening (200+ points below 48,886) A bearish gap-down will test buyers' interest near support levels: 🔹 Support Zone: 48,459-48,558 – Watch for signs of reversal. If the price rebounds here, go for call options , targeting 48,759-48,858. 🔹 If 48,459 breaks decisively, expect further downside towards 48,167. Plan for put options , keeping SL above 48,500. 🔹 Avoid aggressive trades near 48,167; markets may consolidate. 💡 Pro Tip: Always align your trades with market sentiment after the opening direction becomes clearer. 🛡️ Risk Management Tips for Options Trading 🔹 Use a fixed percentage of capital for each trade (e.g., 1-2%) to limit exposure. 🔹 Avoid chasing trades; let the market come to your levels. 🔹 Always use stop-loss and avoid averaging losing positions. 🔹 Focus on at-the-money (ATM) or slightly out-of-the-money (OTM) options for liquidity. 📊 Summary and Conclusion Key Resistance Zones: 49,020, 49,311, 49,547-49,596 Key Support Zones: 48,759-48,858, 48,459-48,558, 48,167 📌 The plan is structured to work across multiple scenarios. Stick to the strategy and avoid emotional decisions. Remember, consistency is key in trading! ⚠️ Disclaimer: I am not a SEBI-registered analyst. This plan is for educational purposes only. Trade responsibly. 😊
NSE:BANKNIFTY
by LiveTradingBox
BankNifty Intraday Support & Resistance Levels for 28.01.2025On Monday, BankNifty opened with a massive gap-down of 486 points, reflecting strong bearish sentiment. It initially dropped to a day low of 47,844.15, staged a recovery to hit a high of 48,319.20, but eventually lost momentum again to close at 48,064.65, down by 303 points from the previous close. The Weekly Trend (50 SMA) has now turned Negative, in line with the already Negative Daily Trend (50 SMA). Demand/Support Zones Near Support Zone: 46,077.85 (low from 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (Tested multiple times) Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (within the Daily Supply Zone) Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (within the Weekly Supply Zone) Outlook After briefly breaking below the 48,000 mark (last seen on 13th January), BankNifty managed to reclaim this level by the session's close. With the Weekly Trend turning negative, INDIAVIX surging by 8%, and a major event, Budget 2025 on the horizon, heightened volatility is expected in the coming sessions.
NSE:BANKNIFTY
by PriteshPalan
BANKNIFTY Potential price actionI mentioned the significance of the green lines visible on the chart, which represent key levels. Specifically, I highlighted yesterday’s low and explained that if the price breaks below this level, it could undercut the previous support at 48,074. As we can see, both levels were breached with a gap down. However, the price has been recovering since then and continues to do so. Currently, the level around 48,300 appears to act as a resistance. If the price manages to break above this level, it could signal bullish momentum, with potential targets at 48,800 and 49,000. On the downside, the price will only turn bearish if it breaks below 47,841, which is a critical support level for now. Let’s monitor how the price behaves during the rest of today’s session or tomorrow to get a clearer picture of the market’s direction.
NSE:BANKNIFTY
by TradeTechanalysis
BANKNIFTY : Trading Levels and Plan for 24-Jan-2025📈 BANKNIFTY Trading Plan for 24-Jan-2025 📊 Here’s a detailed trade plan for BANKNIFTY for all possible opening scenarios on 24-Jan-2025. Stick to the defined levels and adapt to the market’s movement for better trading outcomes. 🚀 🌟 Scenario 1: Gap-Up Opening (200+ Points) 🌟 If BANKNIFTY opens above 48,863 : 👀 Watch the Opening Resistance Zone: 48,863-49,311 . 🔼 A sustained breakout above 49,311 can lead to a rally toward the Important Resistance Zone: 49,421-49,650 , where profit booking is expected. 🔄 For a reversal trade, wait for rejection near 49,311-49,421 , which could push BANKNIFTY back toward 48,863 . 📉 If BANKNIFTY slips below 48,863 , it might test the Opening Support Zone: 48,465-48,529 . 💡 Tip: 🛑 For aggressive traders, avoid chasing breakouts unless supported by strong volume. Stick to stop-loss levels to minimize risks. 📏 Scenario 2: Flat Opening (±100 Points) ⚖️ If BANKNIFTY opens between 48,595-48,638 : 👀 Focus on the Opening Support Zone: 48,465-48,529 . ⚠️ A breakdown below 48,465 could lead to further downside toward 48,249 , which is the Last Intraday Support. 🔼 If BANKNIFTY sustains above 48,638 , expect a test of the Opening Resistance Zone: 48,772-48,863 . 🔄 Wait for a breakout above 48,863 or a breakdown below 48,465 to take directional trades. 💡 Tip: Flat openings often lead to indecision in the first hour. Be patient and wait for a clear trend to form before entering trades. ✅ 📉 Scenario 3: Gap-Down Opening (200+ Points) 🛑 If BANKNIFTY opens below 48,465 : 🛡️ Immediate buyer support is expected near 48,249 . Look for signs of reversal to enter long trades. 📉 If it breaks 48,249 , further downside toward the Support at Bottom: 47,802-47,962 can be expected. 🔼 For upward momentum, BANKNIFTY must reclaim 48,465 , which can trigger a move back toward 48,638-48,772 . 🛑 Avoid aggressive trades near 47,802-47,962 unless strong reversal patterns appear. 💡 Tip: Gap-down scenarios bring high volatility. Use smaller lot sizes and trade cautiously with defined risk limits. ⚡ ⚙️ Risk Management Tips for Options Trading 📌 🧮 Always calculate your maximum risk before entering a trade. Avoid risking more than 2-3% of your capital on any single trade. ⛑️ Use stop-losses for all trades. 🌐 Opt for liquid options to avoid slippage. Stick to ATM or ITM strikes for better price movements. 🛑 Avoid overleveraging and limit the number of trades during uncertain market conditions. 🔍 Summary and Conclusion 📊 🎯 Key Resistance Zones: 48,863 , 49,311 , and 49,421 . 🛡️ Key Support Zones: 48,465 , 48,249 , and 47,802 . 🔄 Focus on price action and volume near critical zones to validate your trades. 📈 A disciplined approach to trading with proper risk management is essential for consistent profitability. 🚀 ❗ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please trade responsibly and at your own discretion. 😊
NSE:BANKNIFTYLong
by LiveTradingBox