BANKNIFTY Lon Trade Setup on 15m Timeframe.Fresh long trade on BANKNIFTY.
Not at office today, so updating this trade from my phone.
Bankniftyintradaylevels
BankNifty Intraday Levels 28-Oct-2024, Selling TrendBankNifty has immediate resistance near 50985-51065 wait for the price come to near resistance Zone and enter only on reversal for good risk:reward ratio.
Bank Nifty selling trend continue keep find reversal on every rise.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
BANKNIFTY : Trading Levels and Plan for 28-Oct-2024**Introduction:**
In the previous trading session on 25th October 2024, BankNifty displayed a Drop to the support line and showed sign of recovery in the last hour of the session, with notable movements observed around the 50,458 support level. Price action showed a consolidation phase with buyers stepping in at lower levels to prevent a significant downside. However, resistance zones around 51,083 acted as a barrier, limiting upward momentum. Heading into the session of 28th October 2024, we’ll analyze different opening scenarios to strategize effectively.
**Trading Plan for 28th October 2024:**
Gap Up Opening (200+ points):
If Bank Nifty opens above 51,083 with a 200+ point gap up:
- The First Resistance Zone to watch will be at 51,478. Yellow trend lines indicate possible sideways movement if the index tests this resistance and fails to break through.
- If momentum carries Bank Nifty above 51,478, the next target would be the Profit Booking Zone at 51,955 to 52,160, where significant selling pressure is anticipated. Green trend lines indicate a bullish trend with potential pullbacks.
- Observe for rejection signals near resistance before considering short positions. Sideways consolidation near 51,478 could indicate a potential retracement, targeting the 51,083 level as a support for a bullish continuation.
- A fallback below 51,083 would target the 50,775 level, acting as an intraday support.
Flat Opening:
If Bank Nifty opens around the previous close near 50,854:
- Key support levels to monitor include 50,775 and 50,458. Initial support at 50,775 should offer a foundation for buyers, allowing an upward move towards 51,083.
- In the event of a breakout above 51,083, Bank Nifty may challenge 51,478, but watch for sideways movement (yellow trend) near this resistance level.
- Should the 50,458 level break on an hourly close, expect bearish momentum to intensify, possibly targeting the last intraday support at 49,899, as indicated by the red trend line.
- Look for bullish confirmation above 51,083 and bearish confirmation below 50,458 before committing to a directional trade.
Gap Down Opening (200+ points):
If Bank Nifty opens significantly lower, near 50,458 or below:
- The Opening Support zone between 50,458 and 50,326 should provide buying interest, with potential for a rebound toward 50,775.
- A decisive move below 50,183 could test the Last Intraday Support at 49,899. Failure to hold this level would likely increase selling pressure, potentially leading to further downside towards the 49,534 zone.
- In the case of a recovery from 50,458, watch for resistance at 51,083, with a cautious approach to bullish entries due to volatility risks in gap-down scenarios.
**Risk Management Tips for Options Trading:**
Use hedged positions like Bull Call and Bear Put spreads to limit exposure in volatile market conditions.
Maintain strict stop losses, especially in trending moves. Position sizing should be conservative to avoid outsized losses.
Avoid entering positions during extreme gap-ups or gap-downs without clear confirmation, as volatility is typically high at such times.
For short-term trades, trail stop losses and secure partial profits at key resistance levels.
**Summary & Conclusion:**
For the trading session on 28th October 2024, Bank Nifty will likely test major support and resistance levels with sideways consolidation (yellow trend), bullish potential (green trend), and bearish risk (red trend). Key levels to watch include 51,083 as a potential resistance and 50,458 as a key support. Patience and confirmation of price action are essential for effective entries and exits. Option traders should focus on spreads and hedging strategies to manage risks effectively.
**Disclaimer:**
I am not a SEBI-registered analyst. All levels and strategies shared are based on personal analysis. Please conduct your own research or consult with a financial advisor before making any trading decisions.
BankNifty Crashes Through All Targets – Bears in Control!BankNifty 15m Timeframe Technical Analysis:
On the 15-minute timeframe, BankNifty has completed a spectacular short trade, smashing through all targets with strong bearish momentum. Price plunged well below the Risological dotted trendline, confirming the continued downtrend.
Key Levels:
Entry: 51,620.00
Stop Loss (SL): 51,700.75
Target 1 (TP1): 51,520.15 (Done)
Target 2 (TP2): 51,358.60 (Done)
Target 3 (TP3): 51,197.05 (Done)
Target 4 (TP4): 51,097.20 (Done)
Observations:
A sharp decline occurred right after entry, and price respected the Risological dotted trendline as resistance throughout the trade.
Bears dominated the session, pushing the price lower without retracing back to the trendline.
BankNifty's steep descent through all target levels underscores the market's bearish sentiment. With all targets achieved, traders may look for further downside potential or await signs of reversal.
BankNifty 24-OCT-2024 Intraday Levels, Sell Trend in BankNifty BankNifty tried to go upside and respected that resistance level which we identified yesterday as per the price movement.
It reversed, and keep trading near bottom level.
BankNifty took pause today in daily time frame and can continue tomorrow and become trending.
We can sell when 5 min candle close below 51150 price.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
Bank nifty Analysis for Tomorrow 23/10/24Bank nifty Analysis for Tomorrow 23/10/24
Here are the Levels for Bank nifty Using Trendlines, technical analysis or Fib level
For Options Traders(Specially Buyers)
My humble Request with you pls Do trade After 2pm for less Brokerage and Taxes and More Profit.
To Become a Profitable Option Buyer pls Come For trade after 2 pm.
BankNifty Levels for Intraday 23 Oct 2024 Selling TrendToday BankNifty closed below the Trend line / Channel of Daily Timeframe which was started in January which is a sign of trend change and price may go more downside.
As per the today price action (lower low and lower highs) the selling was continue after each rise,
So as per the price action and trend change price is indicating sell on rise market.
So for minimal risk and better risk:reward if price starts moving upwards and taking reversal near 51500, then we can enter for sell trade.
Otherwise if any candle close below today closing price(which act as immediate support/resistance) 51250, then we can also enter for sell trade.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
Bank Nifty 22nd Oct 2024All important levels, biases and trade ideas marked up on the chart. Follow on X for updates. @anup_kavi
BankNifty Levels for Intraday for 22 Oct 2024BankNifty is trading between support and resistance zone but it is still in bullish channel so trading on buy side has high probability.
We can go long when price starts reversing from 51850-51900.
Trade only when price comes to support zone for good risk to reward and high probability.
Note : Its just an analysis, wait for the price to confirm.
Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
Level for Tomorrow 16/10/24 BANKNIFTYHere's the level for banknifty tomorrow 16/10/24
Tomorrow bank nifty will out from the consolidation zone and give a good move.
BankNifty Trading SetupBankNifty has been trading within a 400-point range since Monday, Tuesday, and Wednesday, sustaining near its all-time high (ATH). If BankNifty crosses above 54,200 on Thursday and holds above that level for at least 15 minutes, our first target will be 54,400, and the second target will be 54,600.
This is for educational purposes only. We are not SEBI registered.
Banknifty Intraday Levels: 25-Sep-24Index closed near Support Zone and Trendline support area. Can expect bullish above 54050 or Bearish below Trendline and support zone.
Bullish > 54050
Bearish< 53860
Use SL trailing method to secure profits
BankNifty Today: 2900+ Points Profit Caught on RisologicalBankNifty Today: 2900+ Points Profit Caught on Risological Swing Trader
This is unbelievable!
BankNifty 2900+ Points one side move caught.
We got a confirmed entry at 51,230 and there is no looking back.
Our last take profit target was at 52,147, closed partially on TP4 and continued to hold the other partial position that is currently at 2900+ massive MASSIVE profit!!
For people who have been sending me DMs asking the indicato'r name, it is a paid indicator. Please Google - Risological Swing Trader.
Best regards,
Namaste!
Banknifty Intraday Levels : 23-Sep-25Index made high 54000+ & got rejection from that level in last session.
Wait for for proper breakout & rejection at zones for Entry.
Bullish > 54070
Bearish < 53950
Use SL trailing method to secure profits.
BankNifty 2300+ Points! MASSIVE MOVE Caught Using RisologicalBankNifty 2300+ Points! MASSIV MOVE Caught Using Risological Swing Trader
Guys,
This is UNBELIEVABLE!!!
My biggest BankNifty trade EVER!!!
2300+ points gain in BankNifty feels like direct access to the holy heaven!
Got a clear Entry of this CE side buy trade on 12 Sep 9:15 am at 51,230 price level.
The final profit target was at 880+ points anf I was holding 50% of this position which gave me a whopping 2300+ points of the remaining posiion.
How did I pull this off?
- Use 15m time frame chart
- Buy the monthly contract (not weekly).
- The monthly contracts are costlier, but it pays off in times like this.
- Follow the trend using the Risological swing trader
- You can either exit on every TP levels (Take profit), or
- Close partially on each level.
- Hold 25% of the position till the price reversal happens
- Price reversal means - the candle turning red on a long trade and green on a short trade.
Hope this helps!
Namaste!
[INTRADAY] #BANKNIFTY PE & CE Levels(20/09/2024)Bank Nifty is expected to open with a gap-up today. If Bank Nifty manages to sustain above the 53050 level after opening, we could witness an upward rally toward the 53450 mark. If it breaks the 53550 resistance level, this upward momentum could extend by an additional 400-500 points. However, any potential downside movement is likely only if Bank Nifty falls below the 52950 level, which could signal bearish pressure.
Banknifty Intraday Levels: 20-Sep-24Index fill the previous Gap and move upside , important upside hurdle 53300 breakout can expect more up.
Immediate Support @52800 breakout drag price for downside.
Wait for proper price action at levels for Entry.
Bullish > 53100
Bearish > 52800
Use SL trailing method instead for secure profits.
BankNifty Index Short SellBankNifty Index Short Sell
Sell BankNifty if it crosses below 52,400. The expected target price is 52,200.
Bank nifty pre market opening levels Comment which stock to analysis and post next
Bank nifty pre market opening levels
Banknifty Intraday Levels: 18-Sep-24 Index closed at support Zone.
Wait for breakout or Rejections at zones for Entry
Bullish > 52250
Bearish< 52000
Bank Nifty Podcast 17 Sep 2024Today, only 1 trade setup was available based on Podcast Strategy.
- When the Podcast entry had come, just before that 5minute candle closed both below and above Opening Price - 52239
- The Data was -ve, and 2 departments were bullish. So again, looked at the strikes 52200 and 52300, where Put writers increased to give momentum toward 52400.
- The stoploss was hit, as call writers increased at the strike 52300.
Notes:
- Simultaneously, a selling strategy was executed based on Price Action, which gave 0.5% return on the capital.
[INTRADAY] #BANKNIFTY PE & CE Levels(17/09/2024)Today will be gap up opening in banknifty. After opening expected upside rally upto 52450 level. Banknifty will face resistance near 52450 level. Any strong upside rally expected only above 52550 level. Similarly strong downside rally only expected below 51950 level.
