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Bankniftyintradaytradesetup

BankNifty Intraday Support & Resistance Levels for 20.02.2025Wednesday’s session saw BankNifty opening gap-down, hitting a low of 48,804 before staging a strong rally to 49,509.75. It later dipped to 49,281, but rebounded again to close at 49,570.10, gaining 483 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) is sideways, signaling mixed sentiment. Demand/Support Zones Near Demand/Support Zone (5m): 49,365.45 - 49,404.55 Near Demand/Support Zone (5m): 48,928.10 - 49,038.45 Far Demand/Support Zone (125m): 47,981.35 - 48,319.20 Far Support Level: 46,077.85 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 49,665.95 - 49,829.40 Far Supply/Resistance Zone (15m): 49,949.75 - 50,049.10 Far Supply/Resistance Zone (30m): 50,146.10 - 50,248.35 Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested) Far Supply/Resistance Zone (Weekly): 52,264.55 - 53,775.10 Outlook BankNifty is showing strength, holding above key support levels. If it sustains current levels, we may see the rally extend towards 50,000. However, multiple supply zones above 49,800 could create resistance. A breakout above 50,050 may lead to further upside momentum! Disclaimer: "This content is for educational purposes only and reflects personal opinions. It is not investment advice or a recommendation to buy/sell any securities. I am not a SEBI-registered advisor. Please consult a qualified financial professional before making any investment decisions."
NSE:BANKNIFTY
by PriteshPalan
BANKNIFTY : Trading Levels and Plan for 20-Feb-2025This analysis covers all possible opening conditions for BANKNIFTY on 20-Feb-2025 and provides a structured trading plan. We will consider: ✅ Gap-Up Opening (200+ points) ✅ Flat Opening (Near 49,577 - 49,658) ✅ Gap-Down Opening (200+ points) Each scenario has clear action points and risk management tips. 📈🔥 🔹 Scenario 1: Gap-Up Opening (200+ points) If BANKNIFTY opens above 49,658, this suggests bullish momentum. Sustaining above 49,658 can push the index towards 50,000 - 50,193 (Profit Booking Zone). At 50,000 - 50,193, expect resistance—if price rejects here, a reversal trade is possible targeting 49,700 - 49,600. If price breaks 50,193 with strength, we may see a new rally towards 50,350+ levels. ✅ Trade Plan: ✔️ Buy on a breakout & retest of 49,658, targeting 50,000 - 50,193. ✔️ Short if price rejects 50,193, aiming for 49,700 - 49,600. ⚠️ Risk Tip: Avoid chasing a strong gap-up immediately. Wait for price to settle before taking a position. 🔹 Scenario 2: Flat Opening (Near 49,519 - 49,658) If BANKNIFTY opens within the 49,577 - 49,658 zone, this could act as an Opening Resistance/Support zone. A breakout above 49,658 can push prices towards 50,000 - 50,193. A breakdown below 49,401 (Opening Support) may lead to selling pressure, targeting 49,336 - 49,095. ✅ Trade Plan: ✔️ Buy above 49,658, targeting 50,000 - 50,193. ✔️ Sell below 49,401, targeting 49,336 - 49,095. ⚠️ Risk Tip: Avoid trading in the 49,500 - 49,600 range unless a strong breakout happens. Consolidation in this zone can lead to fake moves. 🔹 Scenario 3: Gap-Down Opening (200+ points) If BANKNIFTY opens below 49,336, it signals weakness. Immediate support exists at 49,095 - 49,000 (Last Intraday Support). If this holds, expect a possible pullback towards 49,400 - 49,500. If 49,095 breaks, expect further downside towards 48,760. ✅ Trade Plan: ✔️ Buy near 49,095, targeting a pullback to 49,401 - 49,519. ✔️ Short below 49,095, targeting 48,760 and lower. ⚠️ Risk Tip: If BANKNIFTY gaps down but quickly recovers 49,095, avoid shorts and wait for price confirmation before entering trades. 📌 Risk Management Tips for Options Trading 💡 🛑 Always use a strict stop-loss to protect capital. 🎯 Take partial profits at key levels to lock in gains. 🕰️ Avoid overtrading—wait for price action confirmation. 💰 Use proper position sizing to manage risk. 📌 Summary & Conclusion 🎯 ✔️ Bullish Above: 49,658 → Target: 50,000 - 50,193. ✔️ Bearish Below: 49,401 → Target: 49,336 - 49,095. ✔️ No Trade Zone: 49,500 - 49,600 (Wait for breakout). Trade with a plan, manage risk wisely, and stay disciplined. ✅🚀 ⚠️ Disclaimer I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making any trades. 📉📈
NSE:BANKNIFTYLong
by LiveTradingBox
BANKNIFTY : Trading levels and plan for 19-Feb-2025 🔹 Key Levels for the Day: 📈 Resistance Zone: 49,208 - 49,659 📉 Support Zone: 48,918 - 48,600 🔄 Profit Booking Zone: 49,579 - 49,659 📍 Scenario 1: Gap-Up Opening (200+ points) If BANKNIFTY opens with a gap-up above 49,208 , we need to observe whether it sustains above this level. If it holds above 49,208, we can expect an upside movement towards 49,579 - 49,659 (profit booking zone). A breakout above 49,659 can take it towards 50,001, but with caution as profit booking may occur. In case of rejection from 49,659, look for a shorting opportunity back towards 49,208. 🔹 Trade Plan: Buy on dips near 49,208 with SL below 49,100 for a target of 49,579. If rejected from 49,659, initiate a short trade with SL above 49,700. 📍 Scenario 2: Flat Opening (Within 49,039 - 49,208) If BANKNIFTY consolidates between 49,039 - 49,208, wait for a decisive breakout. A breakout above 49,208 can push prices towards 49,579. A breakdown below 49,039 will lead to a decline towards 48,918 - 48,600. 🔹 Trade Plan: Buy on breakout of 49,208 with SL below 49,100 for targets of 49,579+. If it breaks below 49,039, go short with SL above 49,100 for a target of 48,918. 📍 Scenario 3: Gap-Down Opening (200+ points below 48,918) If BANKNIFTY opens below 48,918, we need to see if it finds support near 48,600 (last intraday support). A bounce from 48,600 can lead to a recovery towards 48,918. If 48,600 breaks, expect further downside towards 48,400-48,300. 🔹 Trade Plan: Look for a buying opportunity near 48,600 with SL below 48,500 for a potential bounce towards 48,918. If 48,600 breaks, short for a target of 48,400-48,300. 💡 Risk Management Tips for Options Trading 💡 ✅ Always maintain a proper stop-loss (SL) to manage risk. ✅ Avoid buying deep OTM options unless you have a high conviction breakout. ✅ For intraday trading, focus on ATM or slightly ITM options for better risk-reward. ✅ If volatility is high, switch to spreads like Bull Call Spread or Bear Put Spread to reduce risk. ✅ Book partial profits as levels are achieved to lock in gains. 🔎 Summary & Conclusion 📌 Upside movement expected above 49,208 targeting 49,579-49,659. A rejection here can push prices lower. 📌 Breakdown below 49,039 can take it towards 48,918, with 48,600 being a critical support. 📌 Risk management is key— stick to your stop-loss! ⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please trade at your own risk. 📊📉📈
NSE:BANKNIFTYLong
by LiveTradingBox
BANKNIFTY : Trading Plan for 18-Feb-2025🔹 Key Levels to Watch Opening Resistance / Support Zone: 49,435 - 49,332 Last Intraday Resistance: 49,676 - 49,802 Opening Support Zone: 48,920 - 48,993 Last Intraday Support: 48,696 🟢 Scenario 1: Gap-Up Opening (200+ Points Above Previous Close) If BANKNIFTY opens above 49,435, it enters a crucial resistance zone. A rejection from 49,676 - 49,802 may lead to a shorting opportunity with targets at 49,435 - 49,332. If price sustains above 49,802, expect a breakout move towards 49,997, with momentum building. Safe traders should wait for retests at support levels before entering trades. 📌 Plan of Action: 🔹 Look for bearish rejection signals at resistance for a short trade. 🔹 If the price breaks out with volume, go long with a stop-loss below 49,676. ⚖ Scenario 2: Flat Opening (Within 100 Points of Previous Close) If BANKNIFTY opens around 49,279 - 49,228, we are in a neutral zone. Holding above 49,332 could push price towards 49,676. A break below 49,228 could trigger selling towards 48,993. Avoid trades in choppy price action; wait for confirmation. 📌 Plan of Action: 🔹 Wait for price confirmation at 49,332 before taking positions. 🔹 Trade only after a clear trend is established. 🔴 Scenario 3: Gap-Down Opening (200+ Points Below Previous Close) If BANKNIFTY opens near or below 48,920, it enters a support zone. Holding 48,920 - 48,696 can lead to a bounce back to 49,228 - 49,332. Breaking below 48,696 could see strong selling pressure towards lower levels. 📌 Plan of Action: 🔹 Look for bullish price action at support for long trades. 🔹 If price sustains below 48,696, consider shorting with a stop-loss above the resistance zone. ⚠️ Risk Management Tips for Options Trading ✅ Position Sizing: Trade with small lot sizes in volatile conditions. ✅ Stop-Loss Discipline: Always set SL and stick to it! ✅ Avoid Overtrading: Enter only on confirmed setups. ✅ Time Decay Awareness: Avoid holding options overnight unless confident about direction. 📌 Summary & Conclusion Bullish Bias above 49,435, targeting 49,676 - 49,997. Bearish Breakdown below 48,920, targeting 48,696 - 48,500. Flat Openings require confirmation before entering trades. 🚨 Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk.
NSE:BANKNIFTYLong
by LiveTradingBox
BankNifty Intraday Support & Resistance Levels for 17.02.2025Friday’s session saw BankNifty opening positive, but it failed to hold gains. After touching a high of 49,592.95, it witnessed a sharp decline to 48,719.75 before recovering slightly. It finally closed at 49,099.45, losing 260 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) is sideways, indicating uncertainty in direction. Demand/Support Zones Near Demand/Support Zone (125m): 47,981.35 - 48,319.20 Far Support Level: 46,077.85 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 49,276.10 - 49,592.95 Near Supply/Resistance Zone (30m): 49,665.95 - 49,743.15 Far Supply/Resistance Zone (30m): 50,146.10 - 50,248.35 Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested) Far Supply/Resistance Zone (Weekly): 52,264.55 - 53,775.10 Outlook BankNifty’s failure to sustain gains suggests that sellers remain dominant at higher levels. A break below 48,700 could lead to further weakness toward 48,320 - 47,980 or even 46,000, while a move above 49,750 may bring 50,250 - 51,000 into play.
NSE:BANKNIFTY
by PriteshPalan
BANKNIFTY : Trading Levels and Plan for 13-Feb-2025 🔹 Key Levels: 📌 Resistance: 49,787 / 50,200 / 50,298 📌 Support: 49,216 / 48,943 / 48,900 📌 No Trade Zone: 49,461 - 49,603 (Avoid trading inside this zone) 📊 1️⃣ Gap-Up Opening (200+ points above previous close) If BANKNIFTY opens above 49,787: Watch for rejection at 50,200: If price struggles, take a short trade with SL above 50,298. Target: 49,787 – 49,600. Sustained breakout of 50,200? Expect bullish momentum. Enter on retest for targets 50,298 – 50,450. Avoid impulsive longs at open: Let price stabilize before entering. 💡 Pro Tip: If price rejects 50,200 after a big gap-up, sellers might take control. Use Put options wisely. 📊 2️⃣ Flat Opening (±50 points from previous close) If BANKNIFTY opens near 49,500-49,600: No Trade Zone (49,461 - 49,603) – Avoid trading here. Let price break out. Break above 49,603? Expect bullish move to 49,787. Go long above 49,605 with SL at 49,450. Break below 49,461? Expect downside move toward 49,216. Short below 49,460 with SL at 49,550. 💡 Pro Tip: In a flat opening, avoid jumping into trades. Let a clear direction emerge. 📊 3️⃣ Gap-Down Opening (200+ points below previous close) If BANKNIFTY opens near 49,216 or below: 49,216 as support? If price holds, expect a bounce back. Go long above 49,250 with SL at 49,150. Break below 49,216? Next major support is 48,943. Short below 49,200 with SL at 49,320. If price reaches 48,943 and holds, expect a bounce. Look for buying opportunities. 💡 Pro Tip: Be careful with aggressive shorts in a gap-down. Wait for confirmation before entering. ⚠️ Risk Management Tips for Options Trading 📌 Never chase trades. Let price confirm the level before entering. 📌 Use stop losses strictly. No SL = No trading discipline = Losses. 📌 Avoid trading in the No Trade Zone. Wait for clear breakout/breakdown. 📌 If IV (Implied Volatility) is high, premiums might be inflated. Be cautious with buying options. 🔥 Summary & Conclusion ✅ Key Resistance: 49,787 / 50,200 / 50,298 ✅ Key Support: 49,216 / 48,943 / 48,900 ✅ No Trade Zone: 49,461 - 49,603 ✅ Gap-Up: Watch for resistance at 50,200. Breakout = bullish, rejection = short. ✅ Flat Opening: Trade based on breakout/breakdown of No Trade Zone. ✅ Gap-Down: 49,216 is key. Holding = bounce, breakdown = more downside. 🎯 Stick to the plan, be disciplined, and trade wisely! ⚠ Disclaimer: I am NOT a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk.
NSE:BANKNIFTYLong
by LiveTradingBox
BankNifty Intraday Support & Resistance Levels for 12.02.2025Tuesday’s session saw BankNifty opening negative, making a high of 49,949.75 before experiencing a sharp decline to 49,177.40, entering the 125m Demand Zone (48,906.05 - 49,373.45). It closed at 49,403.40, losing 577 points from the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) stays sideways, indicating ongoing market uncertainty. Demand/Support Zones Near Demand/Support Zone (125m): 48,906.05 - 49,373.45 (Tested) Far 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 of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 49,949.75 - 50,049.10 Near Supply/Resistance Zone (30m): 50,146.10 - 50,248.35 Far Supply/Resistance Zone (15m): 50,308.70 - 50,462.35 Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested) Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside the Weekly Supply Zone) Outlook BankNifty’s close near 49,400 within the tested demand zone suggests that buyers are attempting to hold this level. A break below 48,900 could invite further downside towards 48,500 - 48,300. On the upside, 49,950 - 50,050 remains the immediate resistance, with a breakout above 50,250 needed for bullish momentum.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 11.02.2025Monday’s session saw BankNifty opening negative, making an initial high of 50,155.65 before slipping to a day low of 49,703.10. Despite a minor recovery, it closed at 49,981, losing 178 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) stays sideways, indicating market uncertainty. Demand/Support Zones Near Demand/Support Zone (125m): 48,906.05 - 49,373.45 Far 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 of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 50,308.70 - 50,462.35 Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested) Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside the Weekly Supply Zone) Outlook BankNifty is struggling to maintain key support levels, with 49,700 acting as an important support today. A break below this level could push prices towards 49,40000 - 48,900. On the upside, 50,300 - 50,500 remains a strong resistance zone. A sustained breakout above 50,500 could trigger further upside, while failing to hold above 49,700 may bring increased selling pressure.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 10.02.2025Friday’s session was highly volatile, with BankNifty opening positive and hitting a high of 50,641.75 before a sharp drop to 50,042.30. It rallied again to 50,462.35, but selling pressure pushed it to a day low of 49,871.15, entering the 15-minute Demand Zone. A slight recovery followed, and BankNifty closed at 50,158.85, losing 223 points over the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) is sideways. Demand/Support Zones Near Demand/Support Zone (125m): 48,906.05 - 49,373.45 Far 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 of 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 50,308.70 - 50,462.35 Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 (Tested) Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (Inside Weekly Supply Zone) Outlook BankNifty continues to struggle near 50,500, facing resistance in the 15-minute zone. The weekly supply zone at 50,485 - 51,980 remains a crucial hurdle. On the downside, 49,900 - 49,800 is a key support area. A break above 50,500 could lead to further upside, while a failure to hold 49,800 may push it lower.
NSE:BANKNIFTY
by PriteshPalan
BANKNIFTY : Trading levels and Plan for 06-Feb-2025📌 BANKNIFTY TRADING PLAN – 06-Feb-2025 🔹 Previous Close: 50,299.90 🔹 Important Zones Identified: 🟥 Profit Booking Zone: 50,970 - 51,181 🟧 No Trade Zone / Opening Support: 50,133 - 50,375 🟩 Opening Support Zone: 49,871.00 🟢 Last Intraday Support: 49,503.00 📈 Scenario 1: Gap-Up Opening (Above 200+ Points) If BANKNIFTY opens with a strong gap-up above 50,500, it will approach the profit booking zone (50,970 - 51,181). 🔹 Bullish Strategy: If the price sustains above 50,970, we can look for a breakout trade targeting 51,181+. Ideal entry will be on retracement towards 50,970 with a stop loss below 50,800. 🔻 Bearish Scenario: If rejection is seen from 51,000 - 51,181, a short trade can be considered with targets back to 50,500 - 50,375. Stop loss for short trade above 51,250. 📝 Pro Tip: If a gap-up directly reaches the profit booking zone, avoid aggressive long positions. Wait for a breakout or a pullback entry. 📊 Scenario 2: Flat Opening (Between 50,133 - 50,375) A flat opening within the No Trade Zone (50,133 - 50,375) requires patience and confirmation before entering a trade. 🔹 Bullish Plan: If the price breaks above 50,375 with strong volume, a long trade can be taken targeting 50,600 - 50,970. Stop loss to be placed below 50,250. 🔻 Bearish Plan: If BANKNIFTY breaks below 50,133, expect a move toward 49,871. Short trade can be initiated with SL above 50,250. 📝 Pro Tip: Flat openings often lead to choppy price action in the first 15-30 minutes. Avoid impulsive trades; let the market establish direction. 📉 Scenario 3: Gap-Down Opening (Below 49,871) If BANKNIFTY opens below 49,871, it will enter the Opening Support Zone, and we must evaluate price action carefully. 🔹 Buying Opportunity: A strong bullish reversal from 49,503 - 49,871 can give a long opportunity targeting 50,133 - 50,375. SL for longs should be below 49,400. 🔻 Breakdown Plan: If 49,503 breaks, expect further downside toward 49,200-49,000. Short trades can be taken with SL above 49,600. 📝 Pro Tip: If the market gaps down but quickly recovers above 49,871, it may indicate a trap for sellers—watch for reversal signs. ⚠️ Risk Management & Options Trading Tips ✔ For Option Buyers: Choose strikes near ATM (At-the-Money) to avoid time decay. Enter only when price action confirms. ✔ For Option Sellers: If IV (Implied Volatility) is high, consider selling OTM (Out-of-the-Money) options at key resistance/support levels. ✔ Always use SL: Protect capital! A good R:R (Risk-to-Reward) ratio ensures long-term success. ✔ Avoid Overtrading: Stick to planned trades—don’t force setups. 📌 Summary & Conclusion 🚀 Bullish above: 50,375 (Target 50,970+) 📉 Bearish below: 50,133 (Target 49,871-49,503) ⚠️ Watch Key Zones: No Trade Zone & Profit Booking Area 📊 Expect Volatility: Let the first 15-30 min settle before aggressive trades. ⚠️ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Always do your own research before taking any trades. 📢📊 #BANKNIFTY #TradingPlan #StockMarket #OptionsTrading 🚀
NSE:BANKNIFTY
by LiveTradingBox
BankNifty Intraday Support & Resistance Levels for 05.02.2025Tuesday’s session saw a strong rally in BankNifty, opening with a 328-point gap-up at 49,538.80, dipping slightly to a low of 49,482.50, and then surging to a high of 50,206.60. It closed at 50,157.95, gaining 947 points over the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) is sideways. Demand/Support Zones Near Demand/Support Zone (15m): 49,888.35 - 49,977.05 Far 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 of 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 the 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 recovery brought it inside the Daily Supply Zone, but it still needs to sustain above 50,450 for further upside. The Weekly Trend remains negative, so watch for reactions at key resistance zones. If the momentum continues, the next major hurdle is at Weekly Supply Zone.
NSE:BANKNIFTY
by PriteshPalan
BANKNIFTY : Trading levels and plan for 03-Feb-2025📈 BANKNIFTY Trading Plan for 03-Feb-2025 📉 Key Levels to Watch: Resistance Zones: 🔴 Last Intraday Resistance: 49,966 - 50,137 🔴 Opening Resistance: 49,778 🔴 Major Resistance for Sideways Market: 50,378 Support Zones: 🟠 Opening Support/Resistance Zone (Sideways): 49,296 - 49,466 🟢 Last Intraday Support: 49,082 🟢 Major Support Zone: 48,723 🟢 GAP-UP Opening (200+ Points) (Typically above 49,720 region) ➡️ If BANKNIFTY opens above 49,778 and sustains, we need to observe price action at 49,966-50,137 (last intraday resistance zone). Bullish Scenario: If price consolidates above 50,137 and breaks out with volume, expect a rally towards 50,378+ levels. 📈 📌 Entry: Above 50,137🎯 Target: 50,300-50,378❌ Stop Loss: Below 49,950 Bearish Rejection: If price rejects from 50,137 and fails to sustain, expect a pullback towards 49,778 . 📌 Entry: Below 50,000 after confirmation🎯 Target: 49,800-49,720❌ Stop Loss: Above 50,150 📝 Educational Tip: In strong gap-up scenarios, avoid chasing the market immediately. Let the price consolidate near key resistance levels before taking a trade. ↔️ Sideways Possibility: If BANKNIFTY stays between 49,778 - 50,137 , it may remain range-bound. Wait for a breakout. ⚖️ FLAT Opening (Near 49,500 - 49,600) ➡️ A flat opening would indicate market indecision and a need for further confirmation. Bullish Bias: If price takes support at 49,466 - 49,500 and starts moving up, it can retest 49,778 , then 49,966 . 📌 Entry: Above 49,600 after bullish confirmation🎯 Target: 49,778 - 49,966❌ Stop Loss: Below 49,450 Bearish Breakdown: If BANKNIFTY breaks below 49,466 , expect a move towards 49,296 or even 49,082 (last intraday support). 📌 Entry: Below 49,466🎯 Target: 49,300 - 49,082❌ Stop Loss: Above 49,550 📝 Educational Tip: Flat openings require patience. Let the market establish a clear direction before entering. Avoid overtrading in a choppy market. 🔴 GAP-DOWN Opening (200+ Points) (Typically below 49,300 ) ➡️ If BANKNIFTY opens below 49,296 , it indicates weakness and possible downside towards 49,082 and 48,723 . Bearish Continuation: If price sustains below 49,296 , expect selling pressure towards 49,082 and 48,723 . 📌 Entry: Below 49,296🎯 Target: 49,082 - 48,723❌ Stop Loss: Above 49,400 Bounce Back Scenario: If BANKNIFTY takes support at 49,082 and shows strong reversal, we may see a move back towards 49,300 or even 49,466 . 📌 Entry: Above 49,100 after confirmation🎯 Target: 49,296 - 49,466❌ Stop Loss: Below 49,000 📝 Educational Tip: In gap-down scenarios, watch for institutional buying or aggressive selling. Avoid counter-trend trades without confirmation. 📌 Risk Management Tips for Options Traders ✅ Trade with Defined Risk: Always set a stop loss before entering a trade. ✅ Avoid Overleveraging: Keep position sizes within your risk tolerance. ✅ Watch for Volatility: Sudden spikes in IV (Implied Volatility) can impact options pricing. ✅ Exit at Key Levels: If a trade reaches resistance/support, book partial profits. ✅ Use Spreads for Safety: Instead of naked options, consider spreads to minimize risk. 📊 Summary & Conclusion Gap-Up: Watch for resistance at 50,137 ; breakout targets 50,378 . Flat Opening: Key support at 49,466 ; break above 49,600 can lead to bullish movement. Gap-Down: Below 49,296 , expect 49,082 - 48,723 ; bounce possible from support. 🛑 Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Trade at your own risk. 🚀 Happy Trading & Stay Disciplined! 💰
NSE:BANKNIFTYLong
by LiveTradingBox
BankNifty Intraday Support & Resistance Levels for 03.02.2025Saturday’s special trading session saw BankNifty opening flat, rallying to a day high of 50,009.50, and then witnessing a sharp drop to 48,925.45. It later recovered slightly and closed at 49,506.95, losing 80 points from the previous close. The Weekly Trend (50 SMA) remains Negative, while the Daily Trend (50 SMA) is sideways, indicating a cautious market. Demand/Support Zones 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 the 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 BankNifty trading within a key resistance zone, a breakout above 50,447 could lead to further upside, while a failure to sustain may result in a retest of lower support zones. The broader trend remains weak, so stay cautious.
NSE:BANKNIFTY
by PriteshPalan
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 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 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 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 Intraday Support & Resistance Levels for 09.01.2025On Wednesday, BankNifty opened flat, touched a high of 50,246.90, and then slid to a low of 49,389.75. However, it recovered from the lows and closed at 49,835.05, losing 367 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative, indicating continued bearish pressure. Demand/Support Zones Near Support Level: 49,282.64 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 50,043.35 - 50,246.90 Near Supply/Resistance Zone (15m): 50,618.95 - 50,813.55 Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 52,264.55 - 53,775.10 Outlook BankNifty exhibited mixed momentum with a recovery from the day’s low, but the overall trend remains under pressure. A break below 49,282 could trigger further bearish action, while the resistance zone at 50,043 must be cleared to hint at any recovery.
NSE:BANKNIFTY
by PriteshPalan
1
BankNifty Intraday Support & Resistance Levels for 08.01.2025On Tuesday, BankNifty opened with a gap-up and traded within a range, making a low of 49,969.30 and a high of 50,447.60. It closed at 50,202.15, gaining 280 points over the previous close. While the Weekly Trend (50 SMA) remains sideways, the Daily Trend (50 SMA) continues to show negativity. Demand/Support Zones Near Support Level: 49,282.64 (61.8% FIBO retracement) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (15m): 50,618.95 - 50,813.55 Near Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30 Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10 Far Supply/Resistance Zone (Weekly): 52,264.55 - 53,775.10 Outlook BankNifty managed to close above 50,000, showing some recovery. A breakout above 51,100 could indicate further upside, while a dip below 49,282 might bring bears back into control.
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Support & Resistance Levels for 17.12.2024On Monday, BankNifty opened negative, made a high of 53738.90, and fell to a low of 53335 during the session. It closed almost flat at 53581.35, losing just 2 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive. Demand/Support Zones Near Demand/Support Zone (75m): 52264.55 - 52665.15 Far Demand/Support Zone (Daily): 51693.95 - 52197.25 Far Demand/Support Zone (125m): 51693.95 - 51906.90 Supply/Resistance Zones Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (tested)
NSE:BANKNIFTY
by PriteshPalan
BankNifty Intraday Trade Setup | 17th DecToday, BankNifty closed with a minor gap-down and traded in a range from 53700 on upside to 53335 on downside. As per setup posted yesterday, sell trade triggered below 53480 but it missed our 1st target by 10 points. Overall it was a range bound day for BankNifty. Tomorrow, buy BankNifty if sustains above 53700 for the targets of 53900 and above marked level. On the other side, if BankNifty sustains below 53300 on the downside, sell BankNifty for the targets of 53120 and below marked level on the chart. Expectations: Range-bound day. Intraday Levels: Buy Above - 53700 Sell Below - 53300 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1