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Bankniftylevels

BANKNIFTY FUT SEEMS NEGATIVEHello All, I am Back with one of Important Idea that too just before of Budget. Idea is on BankNifty Fut. As past few days market has given some relief and price moved up by approx. 4%. But........ As per my opinion, BankNifty has not turned Positive yet. BankNifty Fut: Daily Timeframe CMP: 49,862.00 Support: 48,600.00 - 48,100.00 Resistance: 49,900.00 - 50,200.00 Important Factor: Bullish Divergence between : 13th to 27th Jan, 2025. - Because of that Bullish Divergence BankNifty gained almost 1,900.00 points from bottom. Here is the catch, after gaining 1,900.00 points even RSI is still below 50 Mark line. Assumption: I feel Price has absorbed effect of Bullish Divergence and ready to free fall. Target 1: 48,600.00 - 48,100.00 (at 1st support zone) Target 2: 46,500.00 - 46,200.00 (at 2nd support zone) Disclaimer: This script is solely my attempt to predict BankNifty based on my analysis. It is not intended as financial advice, and I am not asking anyone to trade based on this information. Trading involves substantial risk and is not suitable for every investor. Always conduct your own research and consult with a financial advisor before making any trading decisions.
NSE:BANKNIFTY1!Short
by sharescomplex
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 : Trading Levels and Plan for 23-Dec-202423-Dec-2024 Bank Nifty Trading Plan Color-Coding: Yellow: Sideways trend. Green: Bullish trend. Red: Bearish trend. 23-Dec-2024 Trading Scenarios: Gap Up Opening (+200 points or more): If Bank Nifty opens above 51,272 but below 51,420 , this range acts as an immediate resistance zone. Watch for bearish rejection patterns like a double top or bearish engulfing to initiate short trades targeting 51,097-50,872 . If prices sustain above 51,420 , the sentiment shifts bullish. Consider long trades above this level with targets of 51,832-52,000 . Use a stop loss at 51,250 to manage risk effectively. Flat Opening: A flat opening near 50,872-50,664 suggests consolidation. Wait for a breakout above 51,097 for long trades targeting 51,272-51,420 . Alternatively, a breakdown below 50,664 may trigger bearish momentum. Short trades can be initiated below this level, targeting 50,069-49,800 . Use hourly candle closes to confirm breakdown or breakout for improved accuracy. Gap Down Opening (-200 points or more): A gap down below 50,664 puts immediate focus on 50,069 as a critical support level. Look for bullish reversal patterns (e.g., hammer or morning star) within this zone to initiate long trades targeting 50,664-50,872 . If prices fail to hold 50,069 , expect extended bearish pressure, with short trade targets at 49,800-49,500 . Maintain a stop loss at 50,150 to protect capital. Risk Management Tips for Options Trading: Prefer buying options in volatile markets instead of selling to limit risk. Use spreads (e.g., bull call spreads or bear put spreads) for defined risk-reward. Monitor implied volatility (IV) levels; higher IV suggests premium decay risk for sellers. Cap exposure to a fixed percentage of your trading capital per trade. Summary & Conclusion: Bank Nifty’s movement on 23-Dec-2024 will revolve around critical zones, especially 51,097-51,272 and 50,664-50,069 . Respect these levels and wait for confirmations before initiating trades. Effective risk management and disciplined execution are key to navigating volatile markets. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making trading decisions.
NSE:BANKNIFTY
by LiveTradingBox
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