Get started

Bankniftyintradaylevels

Bank Nifty Podcast 13 Sep 2024There were three setups available, out of which two setups were taken based on Option Chain Data. Setup #2 - Stoploss Hit, although the Changing in OI data was positive and all the four departments were "Bullish". Setup #3 - I was ready to take another trade on CE side, due to data being highly positive. --------- Notes: - Taking trade without data is risky, as even with 50% risk the stoploss increases the loss as equal as taking 100% complete trade. So I would always avoid such trade and hold my nerves to avoid FOMO of getting into any such trades.
NSE:BANKNIFTYLong
by gupshupblog
Nifty Flag & Pole Bullish Continuation Pattern for TomorrowFor tomorrow, focusing on the Nifty50 in a 15-minute timeframe, the price action indicates a potential continuation pattern known as the "Flag and Pole." This pattern typically suggests that the current trend is likely to continue after a brief consolidation phase. Below is a detailed breakdown of the possible price action: Technical Analysis Overview: Pattern Type : Flag and Pole (Continuation) Script : Nifty (Index) Timeframe : 15-Minute Chart Trading Type : Futures and Options (FnO) Price Pattern Characteristics: The Flag and Pole pattern consists of two key components: The Pole : Represents a sharp and strong directional move, typically upward, indicating a significant bullish sentiment. In this case, Nifty has exhibited a strong rally, forming the “Pole” of the pattern. The Flag : After the sharp rise, the price enters a consolidation phase with a slight downward or sideways drift. The “Flag” forms as price moves within a tight range, typically between two parallel trendlines sloping downward. Trade Setup and Expectations: The price is currently in the consolidation phase, creating the Flag. This temporary pause is likely to be followed by another bullish move, resuming the earlier uptrend. Breakout Confirmation: The key level to watch is the upper trendline of the Flag. A breakout above this level, coupled with strong volume, would signal the continuation of the uptrend. Possible Targets: Target 1 (T1): 25100 Target 2 (T2): 25200 Stoploss : 24970 These targets are based on the measured move concept, where the height of the Pole is projected from the breakout point. Risk Management: Given the nature of this continuation pattern, it’s crucial to wait for a confirmed breakout with volume before entering the trade. Set a stop loss slightly below the lower trendline of the Flag to manage risk. Conclusion: The Flag and Pole pattern on Nifty's 15-minute chart points towards a bullish continuation, making it a favorable setup for FnO traders. However, ensure proper risk management, as patterns may fail or face unexpected market influences. This analysis should be taken as a probable scenario rather than an exact prediction, with adaptability to real-time price action being key. Disclaimer : DO NOT FOLLOW THIS STUDY BLINDLY. PLEASE DO YOUR OWN ANALYSIS BEFORE TAKING A TRADE.
NSE:NIFTYLong
by Amankuckreja
3
Bank Nifty Podcast 27 Aug 2024Took two trades today. 1st trade was taken with 50% risk which means instead of max loss of 1000, I took only 1 lot with 500 risk. The 50% risk was taken because OI data was completely positive and 4 departments were "Bullish". 2nd trade was taken with maximum conviction as the data was positive and 4 departments were "Bullish", but looks like Bank Nifty had some other plans. The market remained sideways for sometime which resulted in decay in the premiums. Notes: - Never take any trade even with 50% risk, because sometimes "No trade is also good trade" - 2nd trade should have been taken with debit spread as next day is expiry and already Bank Nifty had moved more than 200 points.
NSE:BANKNIFTY
by gupshupblog
[INTRADAY] #BANKNIFTY PE & CE Levels(27/08/2024)🔔 Bank Nifty Update for Today: 📊 Expected Opening: Opening Level: Slightly flat near yesterday’s close 📈 Potential Upside Movement: Primary Upside Target: 51450+ Extended Upside Target: 51950+ (upon breakout above 51550) Bank Nifty is expected to open slightly flat, near yesterday’s closing level. After the opening, there is a possibility of an upside rally reaching 51,450 or higher. If Bank Nifty breaks out above the 51,550 level, this rally could extend further, potentially reaching up to 51,950. 📉 Support Level: Strong Support: 51000 The 51000 level will act as a strong support for today’s session, providing a key level to watch in case of any downside movement.
NSE:BANKNIFTY
by TradZoo
Bank Nifty Podcast 22 Aug 2024Two trades were taken today. 1st trade was on Gap up/down strategy, here the profit was booked early due to thick line which is the OI line 51000, where there was early rejection and strong resistance from the Call Side. 2nd trade was purely based on Podcast levels with Data positive and 4 department of OI being positive, still the Bank Nifty moved in the another direction and stoploss was hit. Notes: - Gap up/down Strategy needs to be taken if there's enough space based on ATR lines and OI lines or any thick Lines. Although this isn't mandatory, but good to follow. - OI change needs to be checked in realtime, and since NIFTY was on opposite direction of the trade, a straddle of both Bank NIFTY and NIFTY would have worked in the favor. Optional: - Straddle setup at the ATM strikes when NIFTY OI data is positive and Bank NIFTY data is negative or vice versa on both of the indices. - Profit/Loss with 1 lot : Rs.2,000/- - Setup only when the data becomes opposite to each other - Close only when the market closes or profits or stoploss is seen in total MTM - Margin Required for both the straddle setup is 2L
NSE:BANKNIFTY
by gupshupblog
Banknifty_Intraday (11-0Jul-2024)The image displays a 30-minute intraday chart for the Bank Nifty index. Here are the key details: Date: The data is for July 11, 2024. Index Levels: The Bank Nifty index is shown at a closing price of 52,217.30, up by 42.90 points. Technical Analysis Features: EMA: The chart includes a 20-period Exponential Moving Average (EMA) shown at 52,266.22. Fibonacci Retracement Levels: Notable Fibonacci retracement levels from recent peaks and troughs are marked, with specific levels labeled such as 0.751, 0.799, 0.94, and 1.003. Trading Signals: -Buy Signal: A green arrow suggests buying above 52,350 with a target of 53,700+. -Sell Signal: A red arrow indicates selling below 52,000 with a target of 52,000 or lower.
NSE:BANKNIFTY
by Praveenmor7