Review and plan for 6th March 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
BANKNIFTY
BANK NIFTY INTRADAY LEVELS FOR 06/03/2024BUY ABOVE - 47550
SL - 47570
TARGETS - 47750,47880,48050
SELL BELOW - 47500
SL - 47570
TARGETS - 47360,47200,47080
NO TRADE ZONE - 47500 to 47650
Previous Day High - 47750
Previous Day Low - 47200
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NiftyBank key levels for March 5, 2024Stay ahead of the curve with our daily Bank Nifty key levels!
NiftyBank key levels for March 5, 2024
Overview:
Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the fall of 700 points in BankNifty
Here are the key levels to watch for potential entry and exit points in NSE:BANKNIFTY
Resistance Levels:
- Refer the Red line on the chart
Support Levels:
- Refer the Green line on the chart
Trading Strategy:
- Long Position:
Consider initiating long positions near support levels only after reversal confirmation for potential upside movement.
- Short Position:
Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement.
Risk Management:
- Always use stop-loss orders to protect against adverse market movements.
- Consider position sizing based on risk tolerance and account equity.
Disclaimer:
These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Thanks
BANK NIFTY INTRADAY LEVELS FOR 05/03/2024BUY ABOVE - 47500
SL - 47360
TARGETS - 47640,47750,47880
SELL BELOW - 47360
SL - 47500
TARGETS - 47200,47080,46900
NO TRADE ZONE - 47360 to 47500
Previous Day High - 47500
Previous Day Low - 47200
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(05/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level & this rally can extend another 400 points if market gives breakout 48050 level in todays session.Any Major downside only expected in case banknifty starts trading below 47450 level.
Review and plan for 5th March 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Bank Nifty: Bullish - short term target@47320 From Elliott wave principle it is identified Zig Zag correction ended at price 44444 and started forming leading diagonal pattern an impulsive price action labeled as Wave (1)/ Wave(A) now
this wave also retraced by corrective price action of Zig Zag contained with in the parallel price channel labeled as Wave (2)/ Wave(B).
Price on break above this parallel price channel price could project to a Fibonacci level of 100% target at price @ 47320
If price move above this level next target could be @ 48260 at Fib Level of 1.382%
Next Target could be Fib level of 1.618% Price @ 48840
BANK NIFTY INTRADAY LEVELS FOR 04/03/2024BUY ABOVE - 47360
SL - 47200
TARGETS - 47600,47750,47880
SELL BELOW - 47200
SL - 47360
TARGETS - 47080,46900,46750
NO TRADE ZONE - 47200 to 47350
Previous Day High - 47350
Previous Day Low - 46300
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(04/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 47450 level & this rally can extend another 400 points if market gives breakout 47550 level in todays session.Any Major downside only expected in case banknifty starts trading below 46950 level.also possible Reversal Downside 47450 level.
Review and plan for 4th March 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
BANK NIFTY INTRADAY LEVELS FOR SATURDAY 02/03/2024BUY ABOVE - 47360
SL - 47200
TARGETS - 47600,47750,47880
SELL BELOW - 47200
SL - 47360
TARGETS - 47080,46900,46750
NO TRADE ZONE - 47200 to 47350
Previous Day High - 47350
Previous Day Low - 46300
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(02/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 47450 level & this rally can extend another 400 points if market gives breakout 47550 level in todays session.Any Major downside only expected in case banknifty starts trading below 46950 level.
BANKNIFTY--Support ?? Resistance??Bank nifty index is taking the support multiple times from the level @46400 levels.
this is the crucial level to see it will break the trendline to move upside or by facing the resistance in the form of support and falls back to below levels and continue to move down. even though price breaks the trendline we have to wait for bullish continuation.
Head & Shoulder pattern breakout in BANKNIFTYBANKNIFTY INDEX
Key highlights: 💡⚡
✅On 15 MIN Time Frame Banknifty index Showing Breakout of Head & Shoulder Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 46850+.
✅Can Go Long in this Banknifty index by placing a stop loss below 46100-.
BANK NIFTY INTRADAY LEVELS FOR 01/03/2024BUY ABOVE - 46300
SL - 46100
TARGETS - 46450,46560,46750
SELL BELOW - 45930
SL - 46100
TARGETS - 45730,45570,45330
NO TRADE ZONE - 45930 to 46300
Previous Day High - 46300
Previous Day Low - 45730
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(01/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46050 level then possible upside rally of 400-500 points upto 46450 level & this rally can extend another 400 points if market gives breakout 46550 level in todays session.Any Major downside only expected in case banknifty starts trading below 45950 level. also possible reversal downside 46450 level.
Review and plan for 1st March 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
BANKNIFTY--Rally Base Rally or Reversal??A strong bullish momentum is observed from double bottom levels,
now price is near to the previous strong resistance area, if these resistances acts as support then only will see an upside momentum...if they failed to push, it will continue its momentum towards below levels...
CASE 1::
Rally Base Rally
If it is a rally base rally price will take the support of 45600 levels...and it will continue to move upside above 47600 levels.
keep an eye on trendline, if breaks will look for long on retracement.
Case 2::
Reversal
If we observe a consolidation on bottom side @ double bottom levels..
it will go down and reversal may happens from 44000 levels...
[INTRADAY] #BANKNIFTY PE & CE Levels(29/02/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 45950 level then possible downside rally of 400-500 points upto 45550 Level & this rally can extend another 400 points if market gives breakdown 45450 level in todays session.Any Major upside only expected in case banknifty starts trading above 46050 level.
Review and plan for 29th February 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT