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Bankniftytrading

BANKNIFTY--Head & Shoulders ??BANKNIFTY index is at important zone of resistance. price filled the bearish Gap at 48100 levels.. on bottom side price by consolidating above the major trendline, price tested the zone of resistance at 48100. this is the time to look for bearishness or Bullish continuation. Price is at Major zone of resistance.. This is one more crucial phase to continue or reversal. Head :: Consider the price movement above 47400 as Header section. Left shoulder :: Left shoulder is already confirmed at 47400-47200 levels. Right Shoulder:: wait for the price to form a right shoulder... near the 47200 levels... Neckline:: Neckline is already located at 45600 levels. wait for the price to break the neckline or reversal from from neckline and gives us retracement to enter short side by keeping the SL at above the Left shoulder(NOW), also a right shoulder later, just wait for confirmation. ------------------------------------------------------------------------------------------------------ Until price breaks the left shoulder keep in long side. If left shoulder will push the price up or Not. so wait for the price reaction at that levels.
NSE:BANKNIFTYShort
by IIT-Trader
11
BANKNIFTY--Bullish Setup??Bank nifty taken the liquidity below the 47200 levels... on bottom side we have a strong bullishness observed by breaking the trendline @46800 levels, now price is on its way to test this zone of support. this is the only zone that can push the BANKNIFTY further upside... keep in long side as long as price is above this levels. on the other hand, IF price failed to breaks the NECKLINE or failed to create the right shoulder price will again test the ATH levels. this is the only short cut way to reach the ATH again.
NSE:BANKNIFTYLong
by IIT-Trader
9
Banknifty Prediction for tomorrow 11 Mar (Monday)Hello traders, As we discussed in our last analysis, the market took resistance from the resistance zone, and the result was sideways. If we look at the chart data now: The market is taking resistance at 48119. (Why this resistance looks like my last bank nifty analysis). The market is trading at the resistance zone right now. Also, there has been a good momentum without consolidation. There can be a fallback till 47230 or 200 EMA. There are multiple support points lower side -> 200 EMA, Price action support, Fibonacci 0.38 Level. If we look at the OI data: PCR = 0.88 shows bullish sentiments. But if. we look at the change from the previous day, 1.28 - 0.88, it shows bears are continuously increasing their position in the market. Also, there has been a Huge surge at 48000 CE OI, which is going to provide good resistance. FII and DII data do not show much of the information except that the market might open a small gap-down. I am expecting the market to get consolidated. Case 1 : Market takes fallback till 200 EMA. Case 2: Market consolidation in the range 47750 - 48119. Reasons: Price taking support 47750 & resistance at 48100. which might lead to sideways behavior. RSI < 50 falling shows weak bulls. That might lead to a fall if RSI goes below 40. RSI is having hidden bullish divergence. RSI is making LL, and the price is making HH. PCR change from 1.28 - 0.88 shows strong power of Bears. Also, there is less PE writing than CE writing. Verdict : The market is in consolidation mode. Sideways or Bearish Plan of action: Case 1: Sell 47700 CE (Hedge it with 20 rs CE). Case 2 : Iron condor in range 47750 - 48119.
NSE:BANKNIFTYShort
by finnova_
BANKNIFTY--S/R Levels??I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. ------------------------------------------------------------------------------------------------------------ keep in long side as long as price is above the trendline. will go for short once price breaks and retest of trendline.
NSE:BANKNIFTY
by IIT-Trader
2
NiftyBank key levels for March 1, 2024Stay ahead of the curve with our daily Bank Nifty key levels! NiftyBank key levels for March 1, 2024 If you feel that this analysis helps you, Do Follow Us for more insights & Do Boost the post Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the fall of 700 points in BankNifty Link for yesterday’s levels, you can check it yourself :- Here are the key levels to watch for potential entry and exit points in BANKNIFTY Resistance Levels: - Refer the Red line on the chart Support Levels: - Refer the Green line on the chart Trading Strategy: - Long Position: Consider initiating long positions near support levels only after reversal confirmation for potential upside movement. - Short Position: Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement. Risk Management: - Always use stop-loss orders to protect against adverse market movements. - Consider position sizing based on risk tolerance and account equity. Disclaimer: These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Thanks
NSE:BANKNIFTY
by Nivesh_Labs
BANKNIFTY--Rally Base Rally or Reversal??A strong bullish momentum is observed from double bottom levels, now price is near to the previous strong resistance area, if these resistances acts as support then only will see an upside momentum...if they failed to push, it will continue its momentum towards below levels... CASE 1:: Rally Base Rally If it is a rally base rally price will take the support of 45600 levels...and it will continue to move upside above 47600 levels. keep an eye on trendline, if breaks will look for long on retracement. Case 2:: Reversal If we observe a consolidation on bottom side @ double bottom levels.. it will go down and reversal may happens from 44000 levels...
NSE:BANKNIFTY
by IIT-Trader
5
NiftyBank key levels for Feb 28, 2024Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published on tradingview Link for yesterday’s levels, you can check it yourself :- Here are the key levels to watch for potential entry and exit points in NSE:BANKNIFTY Resistance Levels: - Refer chart and red lines Support Levels: - Refer chart and green lines Trading Strategy: - Long Position: Consider initiating long positions near support levels only after reversal confirmation for potential upside movement. - Short Position: Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement. Risk Management: Always use stop-loss orders to protect against adverse market movements. Consider position sizing based on risk tolerance and account equity. Disclaimer: These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Thanks
NSE:BANKNIFTY
by Nivesh_Labs
BANKNIFTY--@Trendline Resistance??BANKNIFTY Index is showing bearishness from 47200 levels... On top side price created a trendline...now until price breaks the trendline keep ur view to short only.. failed to consolidate on topside..to move upside.. so its time to look for short near the trendline... tomorrow chance of upside and test the trendline and again turned to bearish again... to grab the liquidity below the demand zones. on bottom side we have supports at 46200 and 45800 levels wait for the price to come to these zones, enter here to continue long side again.
NSE:BANKNIFTY
by IIT-Trader
6
27 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open gap down After A gap down opening if Banknifty sustains Above 46500 and takes Support from 46500 then open target for T1-46700, T2-46800,T3-47000 If the Banknifty gap down opening sustains Below 46400 and takes resistance below 46400 then the open Targets for T1-46300, T2-46200,T3-46000 Major Levels 46500,46400,46700 If the market stands in this area of 46400 to 46600 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
26 FEB 2024 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys, Good Morning everyone, According to the data today market is going to open flat After A gap flat opening if Banknifty sustains Above 47200 and takes Support from 47200 then open target for T1-47300, T2-47400,T3-47600 If the Banknifty flat opening sustains Below 46800 and takes resistance below 46800 then the open Targets for T1-46700, T2-46600,T3-46500 Major Levels 47000,46800,46500 If the market stands in this area of 47000 to 46800 then it is possible that even today the market will remain in the range.
NSE:BANKNIFTY
by mr_bull10
BANKNIFTY--Case1 or Case2??BANKNIFTY Index is showing bearish pressure after the liquidity grab above 47200 levels, tomorrow we have a chance of price trading in a channel and likely to test the demand zones at 46500 levels... these two possible cases may happens :: Case1::Rally base Rally A strong rise is observed from the demand zone at 46500 levels, by creating a bearish channel price may test this demand and again be bullish. on topside if rally base rally happens the next resistance is 47600-47700. So take care of your trades. Case 2:: Rally Base Reversal On topside we have a triple top, which is a strong resistance so, we can expect a break below the the demand zone and it will continue its movement towards bottom side. Look for buy if the price grabs the liquidity on below the demand zones and keep in long side from demand zones.
NSE:BANKNIFTY
by IIT-Trader
12
BANKNIFTY--Inverse Head & Shoulders??Banknifty Index created a inverse Head and Shoulders pattern... price broken the neckline strongly...and retested. on topside clearly resistance is at 46200 and 46500-46550 levels... keep in long side until price is above the neckline... no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below support levels. If price gives an elimination move below 45500 levels... look for long side...up to the resistance levels.
NSE:BANKNIFTY
by IIT-Trader
1