Bank nifty Fibonacci support at 50-61%Bank Nifty formed a double top around the 56,000 mark in the morning session and did not retest that level throughout the trading day.
In fact, it made a lower high and closed near a strong support zone around 55,300. With the market holiday on May 1st and upcoming news flow, charts suggest a possible further correction towards the 54,500–54,580 range.
Bankniftytrading
One kick towards 54250Bank Nifty Technical Outlook – 30th April
On 30th April, Bank Nifty continued to trade with a higher low, maintaining its recent structure of higher highs and higher lows. This indicates short-term strength; however, caution is warranted.
Despite the bullish structure, any adverse geopolitical event—such as developments involving PoK or Pakistan—could act as a strong negative trigger. In such a scenario, Bank Nifty may reverse sharply and head towards the downside gap zones around 54,250, 53,700, and potentially 52,300.
The broader trend remains vulnerable to news-driven volatility. Monitoring price action near key support zones is crucial.
#banknfity #niftybank #nifty50 #nifty
[INTRADAY] #BANKNIFTY PE & CE Levels(29/04/2025)Today will be slightly gap up opening expected in banknifty. After opening if banknifty starts trading and sustain above 55550 level then expected further upside rally upto 55950+ level in today's session. 55050-55450 zone will be consolidation for banknifty. Any major downside only expected below 54950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(28/04/2025)Today will be gap up opening expected in banknifty. Expected opening near 54950 level. After opening it will face immediate resistance at this level and possible downside movement in index. Downside 54450-54550 zone will act as a support for today's session. After breakdown of this support zone can lead banknifty further downside upto 54050 level in today's session. Any strong bullish side rally only expected if banknifty starts trading and sustain above 55050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(25/04/2025)Today will be gap up opening expected in index near 55500 level. After opening if banknifty starts trading above 55550 level then expected upside rally of 400-500+ points in opening session. This upside rally can extends for further upto 56450+ level in case banknifty gives breakout of 56050 level. Any downside only expected below 55450 level. Downside 55050 level will act as a important support for today's session.
[INTRADAY] #BANKNIFTY PE & CE Levels(24/04/2025)Today will be slightly gap down opening expected in index. After opening 55050 level will act as a strong support for today's session. Expected reversal from this level. Upside above 55550 level there will be strong bullish rally expected upto 55950+ level in today's session. Any major downside only expected below 55000 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(23/04/2025)Today will be gap up opening expected in index near 55950 level. After opening expected banknifty will trade in between level of 55550 to 55950 zone in starting session. Strong upside rally expected if banknifty gives breakout of 56000 level and starts trading above 56050. This upside rally can goes upto 56450+ level in today's session. Any major downside only expected below 55450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(22/04/2025)Today will be flat or slightly gap up opening expected in banknifty. After opening it will face immediate resistance at 55450 level. If banknifty gives breakout of this resistance zone and starts trading above 55550 level then expected strong bullish rally towards the 55950+ level in today's session. Downside 55050 will act as an important support level for banknifty.
[INTRADAY] #BANKNIFTY PE & CE Levels(21/04/2025)Slightly gap down opening expected in banknifty. After opening expected downside movement upto 54050 level. 54000 level will act as a strong support for today's session. Expected reversal from this level towards the 54450+ and this can be extend for further upside rally if banknifty starts trading above 54550 level. Above this level banknifty can goes upto 54950+ level in today's session. Any major downside only expected below 53950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/04/2025)Today will be gap up opening in banknifty. After opening if banknifty starts trading above the 52550 level then this bullish rally can goes upto 52950 level in opening session. This can be extend for further 400-500+ points in case banknifty gives breakout of 53000 level and sustain above 53050 level. 52950 level will act as a resistance for today's session. Any reversal can gives downside movement upto 52550 level. Any major downside only expected below 52450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(15/04/2025)Today will be gap up opening in banknifty. Expected opening near 51500 level. After opening if banknifty starts trading and sustain above 51550 level then possible further upside rally of 400-500+ points in index. Any downside possible below 51450 level. Downside 51050 level will act as a strong support for today's session. Now any major downside only expected after breakdown of this support zone.
[INTRADAY] #BANKNIFTY PE & CE Levels(11/04/2025)Today will be strong gap up opening expected in banknifty. Expected opening above 51000 level. If banknifty starts trading and sustain above 51050 level then expected further upside rally upto 51450+ level and this can be extends for further 400-500+ points if gives breakout of 51550 level. Below 50950 level expected downside movement in index upto 50550 support level.
[INTRADAY] #BANKNIFTY PE & CE Levels(09/04/2025)Today will be flat opening expected in index. After opening if banknifty sustain above 50550 level then expected upside movement upto 50950 in today's session. Major downside expected if banknifty starts trading below 50450 level. This downside rally can goes upto 50050 support level. 50000-50050 is the important support for index. Any Strong downside only expected below this support zone.
BANKNIFTYNSE:BANKNIFTY
CURRENTLY DOESNT LOOK GOOD TO INVEST,
LONG TERM TRENDLINE BROKEN.
ONE SHOULD WAIT FOR FURTHER SUPPORT ON WEEKLY BASIS.
LOOKS TOUGH SHORT TERM AND MID TERM !!!!!!!
Note :
1. One should go long with a Stop Loss, below the Trendline or the Previous Swing Low.
2. Risk :Reward ratio should be minimum 1:2.
3. Plan your trade as per the Money Mangement and Risk Appetite.
Disclamier : You are responsible for your profits and loss.
The idea shared here is purely for Educational purpose.
Follow back, for more ideas and their notifications on your email.
Support and Like incase the idea works for you.
[INTRADAY] #BANKNIFTY PE & CE Levels(08/04/2025)Today will be gap up opening expected in banknifty near 50500 level. After opening if banknifty starts trading above 50550 level then expected upside rally upto 50950 level in today's session. 50950 will act as a strong resistance. Bullish movement can reversal from this level. In case banknifty starts trading below 50450 then possible further sharp downside rally upto 50050 and this can extend upto 49550 level if index gives breakdown of 50000 level and starts trading below 49950.
[INTRADAY] #BANKNIFTY PE & CE Levels(07/04/2025)Today will be huge gap down opening expected in banknifty near 1500+ points downside possible. Possible banknifty will open near 49750 level in today's session. After opening if any correction can reverse from 50450 level. Downside next support for banknifty is near 49550 level. If banknifty not hold this support level and starts trading below 49450 level then expected further selling and downside movement in index for 700-1000+ points upto the 48550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(04/04/2025)Today will be gap down opening in banknifty. After opening if banknifty starts trading below 51450 level then expected downside upto 51050 level. For today's session 51000 level will act as a strong support for banknifty. Any major downside only expected below 50950 level. Strong upside rally possible if index starts trading and sustain above 51550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(03/04/2025)Today will be gap down opening expected in index. Expected opening near 51000 level. After opening if banknifty sustain above 51050 level then possible upside movement upto 51450 in opening session. But in case banknifty starts trading below 50950 level then expected sharp downside movement upto 400-500+ points and this can extend further upto 50050 in case it gives breakdown of 50450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(02/04/2025)Today will be slightly gap up opening expected in index near 51000 level. After opening it will face strong resistance at this level and expected reversal direction towards the 50550 level. This downside rally can extend for further 400-500+ points in case banknifty starts trading below 50450 level. Any bullish side rally only expected if banknifty starts trading and sustain above 51050 level.
BANKNIFTY : Trading Levels and Plan for 31-Mar-2025📌 BANK NIFTY Trading Plan – 31-Mar-2025
📊 Market Overview:
Bank Nifty closed at 51,552, trading within a consolidation phase near the Opening Support/Resistance Zone (51,552 – 51,564). The price action at key levels will dictate the next move, so we need to be prepared for different opening scenarios.
This plan offers a structured approach to trading at key levels while maintaining a favorable risk-reward ratio.
🔼 Scenario 1: Gap-Up Opening (200+ points above 51,750)
A gap-up above 51,750 suggests bullish momentum, but sustainability above the resistance zone (51,848 - 52,129) is crucial for further upside. If price faces rejection, an intraday reversal is possible.
✅ Plan of Action:
If Bank Nifty sustains above 52,129, expect an up-move towards the next resistance at 52,335. A breakout above 52,335 could trigger a rally towards 52,500+.
If price faces rejection at 52,129 and reverses, expect a retracement towards 51,848 → 51,750. If it fails to hold 51,750, a deeper correction towards 51,552 is possible.
Avoid fresh longs inside 51,848 – 52,129, as this zone could act as a profit-booking area. Wait for a decisive breakout or rejection confirmation.
🎯 Pro Tip: If the gap-up is quickly filled within the first 15-30 minutes, it signals weak buying strength, increasing the probability of an intraday correction.
⚖ Scenario 2: Flat Opening (Within ±200 points, around 51,550)
A flat opening near 51,552 indicates indecision. The market will take direction after the first few candles, so breakouts or breakdowns from key levels should be watched.
✅ Plan of Action:
Upside case: If Bank Nifty breaks and sustains above 51,848, it may head towards 52,129 → 52,335. Observe price action near these resistance levels before entering fresh longs.
Downside case: If Bank Nifty breaks below 51,552, it could test 51,199 → 50,899. A breakdown below 50,899 will shift the trend bearish.
Sideways caution: If the market remains inside the No Trade Zone (51,564 – 51,848), avoid taking trades as volatility could trap both buyers and sellers.
🎯 Pro Tip: In a flat opening, wait for a clear 15-minute candle close above or below key levels before entering trades.
🔽 Scenario 3: Gap-Down Opening (200+ points below 51,350)
A gap-down below 51,350 could signal profit booking or fresh selling pressure. The critical factor will be whether buyers defend key support zones.
✅ Plan of Action:
If price sustains below 51,350, expect a decline towards 51,199 → 50,899. A breakdown below 50,899 may accelerate selling towards the Must Try Zone for Buyers (50,800 – 50,899).
If price finds support at 50,899 and rebounds, it may attempt a recovery towards 51,199 → 51,552. A strong close above 51,552 could shift momentum back to the bulls.
Be cautious of bear traps – If the market gaps down but quickly recovers, it could trigger short covering, leading to an upside reversal.
🎯 Pro Tip: If the gap-down occurs near a strong buyer’s support zone, wait for a bullish price action confirmation before entering long trades.
⚠️ Risk Management Tips for Options Traders
🔹 Avoid over-leveraging – Use proper position sizing to manage risk.
🔹 Theta Decay Awareness – If the market consolidates, option premiums will erode rapidly.
🔹 Use Spreads for Protection – Instead of naked options, use spreads to limit risk and improve probability.
🔹 Trade at Key Levels – Avoid impulsive trades; focus on defined support and resistance zones.
📌 Summary & Conclusion
📍 Key Levels to Watch:
🟥 Resistance: 52,129 → 52,335 → 52,500
🟧 No Trade Zone: 51,564 – 51,848
🟩 Support: 51,199 → 50,899 → 50,800
🔸 Bullish Bias: Above 52,129, targeting 52,335 – 52,500
🔸 Bearish Bias: Below 51,350, expecting a fall towards 51,199 – 50,899
🔸 Neutral/Choppy: Inside 51,564 – 51,848, avoid unnecessary trades
🎯 Final Advice:
Stick to the structured trading plan and execute only at key levels.
Avoid emotional trading—wait for confirmation before entering trades.
The first 15-30 minutes after market open will provide better clarity—observe price action before committing to a trade.
📢 Disclaimer
I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please conduct your own research or consult a financial advisor before making any trades.
[INTRADAY] #BANKNIFTY PE & CE Levels(01/04/2025)Today will be flat or slightly gap down opening expected in index. After opening important level for banknifty is around 51500. If banknifty starts trading below 51450 level then expected downside movement upto 51050 level in today's session. Similarly if banknifty starts trading and sustain above 51550 level then there will be upside bullish rally upto 51950+ level possible.
BANKNIFTY - Trading Levels and Plan for 28-Mar-2025📌 BANK NIFTY Trading Plan – 28-Mar-2025
📊 Market Overview:
Bank Nifty closed at 51,534, consolidating within a No Trade Zone after a sharp rally. The index is currently at a decision point, where price action at key levels will determine the next move.
This structured plan will help you trade effectively under different opening conditions.
🔼 Scenario 1: Gap-Up Opening (200+ points above 51,750)
A gap-up opening above 51,750 would place Bank Nifty near the Opening Resistance Zone (51,851). The key focus should be on whether the index sustains above resistance or faces rejection.
✅ Plan of Action:
If Bank Nifty sustains above 51,851, it could trigger a rally towards the Profit Booking Zone (52,185 – 52,335). A breakout above this level may extend gains to 52,500+.
If price faces rejection at 51,851 and reverses, it could lead to a pullback towards 51,593 → 51,534. Watch for support confirmation before taking any long positions.
Avoid aggressive longs inside 51,750 – 51,851, as this area could witness profit booking. Wait for a proper retest before entering trades.
🎯 Pro Tip: If the gap-up gets filled within 15 minutes, it signals weak buying strength and may lead to intraday correction.
⚖ Scenario 2: Flat Opening (Within ±200 points, around 51,534)
A flat opening suggests that market participants are waiting for confirmation before taking decisive action. In such cases, it's best to trade only at key breakout/breakdown levels.
✅ Plan of Action:
Upside case: If Bank Nifty breaks and sustains above 51,593, it could move towards 51,750 → 51,851. Observe the price action at these levels before deciding on further longs.
Downside case: If Bank Nifty breaks below 51,534, it could test 51,388. A breakdown below 51,388 may trigger selling towards 51,205.
Sideways caution: If the index trades between 51,534 – 51,593, it indicates a choppy market. Avoid trading inside this range unless there is a clear breakout.
🎯 Pro Tip: In a flat opening scenario, wait for at least one 15-minute candle close to confirm the direction before entering a trade.
🔽 Scenario 3: Gap-Down Opening (200+ points below 51,334)
A gap-down below 51,334 could indicate weakness and profit booking, bringing the index closer to key support zones. The next move depends on whether buyers defend these supports.
✅ Plan of Action:
If price sustains below 51,334, expect a decline towards 51,205. A breakdown below 51,205 could lead to a deeper correction towards the Buyer’s Support Zone (50,987 – 50,891).
If price rebounds from 51,205, it may attempt a recovery towards 51,388 → 51,534. A strong close above 51,534 could invalidate bearish sentiment.
Be cautious of bear traps – If price quickly recovers after a sharp gap-down, it may indicate short covering, leading to an upside reversal.
🎯 Pro Tip: If the gap-down occurs near a strong buyer’s support zone, look for signs of reversal before initiating new shorts.
⚠️ Risk Management Tips for Options Traders
🔹 Avoid over-leveraging – Stick to a fixed capital allocation per trade to reduce risk.
🔹 Theta Decay Awareness – If the market consolidates, option premiums will decay rapidly, impacting option buyers.
🔹 Use Spreads for Protection – Instead of naked options, use spreads to control risk.
🔹 Trade at Key Levels – Avoid random trades; enter only near strong support and resistance zones.
📌 Summary & Conclusion
📍 Key Levels to Watch:
🟥 Resistance: 51,851 → 52,185 → 52,335
🟧 No Trade Zone: 51,534 – 51,593
🟩 Support: 51,388 → 51,205 → 50,987
🔸 Bullish Bias: Above 51,851, targeting 52,185 – 52,335
🔸 Bearish Bias: Below 51,334, expecting a fall towards 51,205 – 50,987
🔸 Neutral/Choppy: Inside 51,534 – 51,593, avoid unnecessary trades
🎯 Final Advice:
Stick to the structured trading plan and execute only at key levels.
Avoid FOMO trades—wait for confirmation before entering.
The first 15-30 minutes after market open will give a clearer direction—observe price action before committing to a trade.
📢 Disclaimer
I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please conduct your own research or consult a financial advisor before making any trades.