[INTRADAY] #BANKNIFTY PE & CE Levels(28/08/2024)🔔 Bank Nifty Update for Today:
📊 Expected Opening:
Opening Outlook: Flat
📈 Consolidation Zone:
Range: 51050 - 51450
Bank Nifty is expected to open flat today. The levels between 51050 and 51450 are likely to be a consolidation zone.
📈 Potential Upside Movement:
Strong Rally: Expected if Bank Nifty starts trading above 51550
If Bank Nifty breaks out above 51550, a strong upside rally is anticipated.
📉 Downside Risk:
Major Downside: Only expected if the index breaks down below 50950
Any significant downside is likely only if Bank Nifty gives a breakdown below 50950.
Intraday Momentum Index (IMI)
The LONDON EXPRESS TAKING MORE EUROS BUYSIDEThe 1H SIBI OB Mean Threshold did not hold the price below it. First Buy Side Delivery was during the London Kill Zone.
Watch the 15min BISI OB as Support or Sniper Entry...otherwise first touch 15min SIBI FVG is good as long as the Stop is not bigger than 30 pips...and the reward gets the target more than 1:2 RR ...in this case Kong went in to the Buy Side Delivery.
lets see what happens...
NERVES OF STEEL>>>
RISK OFF FRIDAYThe King, Dollar Index, is in a Weekly BuySide SellSide Imbalance, BISI. Is this the end of a RISK OFF Spell for Risk Assets and a possible uptake for Dollar.
10 Year US Yields, US10Y, has led the way into its own Weekly BISI. Currency follows the Rates...so I would be highly cautions this RISK OFF FRIDAY
Afterall, the Rates are not yet cut, the indication of possible rate cuts scheduled for next is not enough to push through the weekly SIBI, or is it?
...from Kong with LOVE...
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Bank Nifty Trade Setup (13-June-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
For Trade Setup:
Bank nifty keep making inside candles and not much range to be in directional trades good move will be after break of 44500 on upside. and 43700 then 43500 on downside.
1.) If opens flat will see if it breaks PDH or PDL and sustain the break.
2.) If breaks PDH will buy for target 44250 (this will be like scalp) . next target will be 44450.
3.) If break PDL and 43730 then will short for target of 43390.
no trades if gaps as long as there is no clear setups.
Intraday Sells Forecast on GBPNZD Strategy is simple, we have outlined the key levels and we are anticipating for a SELL on the positions marked only if a rejection pinbar forms on the key level signifying sells. Any other type of candle formation like a spinning top or Doji is not acceptable. This is because if a candle like that forms not signifying a clear rejection of that level then most likely the Intraday trade wont take place and the market will just range and be undecided on that day.
Short term positive outlook, time to test resistancesIn accord with how the pattern is looking my outlook for the day is that silver will start out positive, test some intra-day resistances. Late day outlook, after US markets wake up the trend is harder to predict. We could either see a short term downturn resuming into a positive end of day or a breakout upwards after Europe's taken tried and possible broken some of the intra-day resistances.