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Bankniftylevels

Bank Nifty Levels for 02/08/2022Dear traders, I have identified Bank Nifty level based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2. Bank Nifty reached in Over bought zone with high put call ratio . Max call writing OI at 38000 and max put writing OI at 37500. Is it a good time to book profit? Please respond with your views. Many thanks
NSE:BANKNIFTY
by manishmgupta
1
Bank Nifty Levels for 02/08/2022Dear traders, I have identified Bank Nifty level based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2. Bank Nifty reached in Over bought zone with high put call ratio. Max call writing OI at 38000 and max put writing OI at 37500. Is it a good time to book profit? Please respond with your views. Many thanks Have a profitable day ahead!
NSE:BANKNIFTY
by manishmgupta
Bank Nifty - For educational Purpose. - Trend-line1) Bank Nifty at important level if open flat and break resistance then breakout possible. buy above 34720 stop loss 50 to 60 points 2) If open big gap up then wait till it come near support level 34720 (Which is currently resistance) and take one call option position or sell put option stop loss 50 to 60 points 3) If open big gap down then wait till it come near resistance level 34700 to 34720 (Which is currently resistance) and take one put option position or sell call option stop loss 50 to 60 points Important: Always trade when you get setup. Think about risk and reward before taking trade. Position size should be correct. More than technical analysis money management is important.
NSE:BANKNIFTYLong
by vinod0211
BANKNIFTY Daily and Weekly Technical AnalysisBANKNIFTY Daily/Weekly timeframe analysis shows firstly that BANKNIFTY is following this Disjoint Channel from quite sometime this year. Also, shows that on higher side it needs to break above 36050 levels with force n volume with big single day candle to scare the bears and run for cover. This upmove can trigger a short covering rally and cause upward further momentum. But chances of downside also can't be ignored as 36000 lvls can act as strong Resistance in this coming week. Note: Levels are of BANKNIFTY futures n not of underlying Index
NSE:BANKNIFTY1!Long
by simplyansh