Banknifty major resitanceHi Friends, I have shared the major resistance in Bank nifty . Crossing this resistance and sustaining will convert the bear market into bull. Until this happens its sell on rise every it tries to reach near to this level.
BANKNIFTY trade ideas
Bank Nifty Daily Timeframe Analysis
Bank Nifty gave a breakdown of a very crucial level, and if it sustains, we can look out for big targets in upcoming weeks.
Bank Nifty consolidated at 3600 points, and the possible target of that consolidation is 46,000.
BANKNIFTY : Trading levels and Plan for 13-Jan-2025Bank Nifty Trading Plan for 13-Jan-2025
Key Levels to Watch:
🔹 Last Intraday Resistance: 49,596 – 49,666
🔹 Opening Resistance Zone: 49,164 – 49,270
🔹 Opening Support/Resistance: 48,802
🔹 Support Zone on Day Chart: 48,484
🔹 Major Support Level: 47,788
Gap-Up Opening (+200 Points Above)
If Bank Nifty opens above 49,270:
📈 Plan for Long Trades:
Look for bullish momentum towards the Last Intraday Resistance Zone (49,596 – 49,666).
A breakout above 49,666 with strong volume can push prices toward 49,800 or higher.
Enter long trades only after confirmation with a strong bullish candle.
Stop Loss: Below 49,270 for a favorable risk-reward ratio.
📉 Rejection Scenario:
If the price fails to hold above 49,666, book profits on long trades and wait for a pullback near the Opening Resistance Zone (49,164 – 49,270) for re-entry.
💡 Tip: Hedge gap-up trades with put options to manage volatility.
Flat Opening (±50 Points Around 48,779)
If Bank Nifty opens near 48,779:
⚠️ Wait for Directional Clarity:
Avoid entering trades immediately. Let the price action define the trend between 48,484 (Support) and 49,270 (Resistance).
🟢 Bullish Breakout Plan:
A breakout above 49,270 may lead to a rally toward 49,596 – 49,666.
Go long only after a retest of the breakout level with a stop loss below 48,802.
🔴 Bearish Breakdown Plan:
If the price breaks below 48,484, it could slide toward 47,788.
Consider shorting only if strong selling pressure is observed. Keep a stop loss above 48,802.
💡 Tip: Avoid overtrading in flat openings. Wait for the first 30 minutes to confirm the trend.
Gap-Down Opening (-200 Points Below)
If Bank Nifty opens below 48,484:
🔻 Reversal Plan:
Look for buying opportunities near 47,788 (Major Support).
If a bullish reversal is confirmed, go long with a target toward 49,164 – 49,270.
🚨 Breakdown Scenario:
If the price breaks below 47,788, expect further downside.
Avoid catching a falling knife—wait for consolidation before considering long trades.
💡 Tip: Use ATM or ITM options to benefit from intraday volatility in a gap-down scenario.
Summary:
For a Gap-Up Opening , focus on a breakout above 49,666 but be cautious around key resistance levels.
For a Flat Opening , wait for a decisive breakout or breakdown from the range 48,484 – 49,270.
For a Gap-Down Opening , 47,788 will act as a critical support zone. Look for reversal opportunities or breakdown trades.
💡 Risk Management Tip: Avoid over-leveraging, and consider straddle/strangle strategies to capture volatile moves.
Disclaimer:
I am not a SEBI-registered analyst. This trading plan is for educational purposes only. Please consult a certified financial advisor before making trading decisions. Trade wisely! 💼
BankniftyBankNifty CMP49090
This has been my view on bank nifty ....
wave 4 as of now has made double zigzag... which can also turned into triple zigzag depending on how it unfolds .. lets see
since wave 2 (black) was simple, we are having complex wave 4 (black)....
this counts gets invalid below 48800 ...
just my small view!
Vedang :)
Disclaimer: Chart is for study purpose only!!
Nifty Bank January 3rd Week Analysis Nifty bank is approaching imp levels which may trigger short covering in the upcoming week. Imp levels to watch on downside for strong short covering are 47755-47401. And important support levels on the downside which can also trigger short covering are 48500-48200 . Sell on rise setup will work if banknifty gives upside straight away before it surpasses and sustains above 49510.
Bank Nifty Charts Bank Nifty Charts Giving Long Term Trendline Break down as well as Head n Shoulders Break down
$BANKNIFTY nearing supportNSE:BANKNIFTY nearing support. will it respect ? or will it weaken nifty and take further downfall ?
Darvas Box breakdownBN is having multiple pattern breakdown like weekly inside candle, double top, triple top, falling below fibo 61.8%. Now next support is election day low which will be tested. Before that immediate support is monthly 20ema which is at 48000 that will be tested after jul 22 and a very good support can be expected.
BANK NIFTY S/R for 13/1/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Banknifty weekly analysis Hello Friends, Sharing my medium term analysis and some interesting observation from past. Hope this helps
BANK NIFTYBANK NIFTY
MTF Analysis
BANK NIFTYYearly Demand 41,829
BANK NIFTY 6 Month Demand 41,829
BANK NIFTYQtrly Demand BUFL 48,450
BANK NIFTYMonthly Demand 44,764
BANK NIFTYWeekly Demand 46,990
BANK NIFTYDaily Demand DMIP 46,345
ENTRY -1 Long 46,990
SL 45,828
RISK 1,162
REWARD 6,770
Target as per Entry 53,760
Last High 54,467
Last Low 49,787
ENTRY -2 Long 46,329
SL 45,345
RISK 984
REWARD 7,431
Target as per Entry 53,760
Last High 54,467
Last Low 45,345
banknifty trade report 10 jan 25banknifty was trading in chanal took trade on chanal top banknifty hit my first target booked was 1:4 trade
Live Banknifty UpdateHello Guys, Baed on current chart swings, publishing my though process on the momentum. Please check the chart levels as well.
banknifty trade setup 10 jan 25banknifty trading chanel so taking trade at top ogf the chanal first target will be center line of chanal and second target will be bottom of chanal entrty has been activated lets see if i get target or SL
Head and Shoulder Pattern Breakout in BANKNIFTYHead & Shoulder (H&S) pattern in the Bank Nifty Index on a daily timeframe. The H&S pattern is a reversal chart pattern indicating a potential bearish trend after an uptrend. Here's the detailed explanation:
1. Key Components of the Pattern:
Left Shoulder: The first peak, formed after an uptrend, followed by a decline to the neckline (support).
Head: The highest peak, formed after the left shoulder, followed by a decline back to the neckline.
Right Shoulder: A peak lower than the head, formed after the neckline is tested again, signaling weakening upward momentum.
2. Neckline:
The neckline acts as a support level that connects the lows between the left shoulder, head, and right shoulder.
In this chart, the neckline is marked as a critical support level.
3. Entry and Targets:
Entry Point: A short position is triggered once the price breaks below the neckline with strong bearish confirmation.
Projected Targets:
Target 1: 48,050
Target 2: 46,550
Final Target: 45,000
These targets are derived by projecting the height of the head from the neckline downward.
4. Stop Loss:
The Stop Loss is placed above the recent high near 51,050, to minimize risk if the price reverses upward.
Conclusion:
The Bank Nifty chart demonstrates a classic Head & Shoulder pattern, indicating potential downside targets with well-defined entry, stop loss, and profit-taking levels. This pattern suggests caution for bullish traders and an opportunity for bearish traders if confirmed.
[INTRADAY] #BANKNIFTY PE & CE Levels(10/01/2025)Flat opening expected in banknifty. After opening if banknifty sustain above 49550 level then expected upside movement upto 49950 level. Major downside fall expected below the 49450 level. This downside can goes upto the 49050 level in today's session if banknifty starts trading below this level.
BANKNIFTY : Trading Levels and Plan for 10-Jan-2025Bank Nifty Trading Plan for 10-Jan-2025
Scenarios for 10-Jan-2025:
Gap Up Opening (200+ Points Above 49,706):
If Bank Nifty opens above the 49,706 level:
Wait for Retest: Look for a retest of 49,706. If the retest holds, initiate a long position targeting the retracement resistance at 50,068-50,158. Use a stop loss below 49,600 to minimize risk.
Failure at Retest: If the price fails to sustain above 49,706, expect a pullback to 49,552. Avoid aggressive buying unless the level is reclaimed with strong bullish candles.
Tips for Options Traders: Use call options near support levels but avoid chasing the gap-up blindly. Focus on delta-neutral strategies if the index remains volatile around 50,068-50,158.
Flat Opening (Near 49,552):
If Bank Nifty opens near 49,552:
Observe Early Price Action: Let the price action stabilize in the first 30 minutes. If 49,552 holds as support, consider going long with targets at 49,706 and further at 50,068-50,158.
Break Below 49,552: A breach of 49,552 may lead to a drop towards the support zone at 49,221-49,330. In this case, look for reversal patterns before entering long positions.
Risk Management Tip: Avoid using stop losses based on emotions. Stick to an hourly candle close as your confirmation trigger.
Gap Down Opening (200+ Points Below 49,221):
If Bank Nifty opens below 49,221:
Support Zone Strategy: Watch for buying interest near 48,916-49,021, which is a must-try support zone. If the price forms bullish reversal candles, initiate long positions targeting 49,330-49,552.
Break Below 48,916: A breach below this zone could trigger bearish momentum, targeting 48,700 and below. Trade cautiously and avoid counter-trend trades unless strong recovery signals emerge.
Options Trading Tip: Use protective puts to hedge long positions. Consider selling OTM call options to benefit from bearish trends.
Summary and Conclusion:
Bank Nifty remains in a crucial zone where key levels such as 49,552 and 49,706 will dictate intraday trends. The 49,221-49,330 range is pivotal for maintaining bullish bias, while a break below 48,916 can intensify selling pressure. Traders should prioritize risk management, use defined stop losses, and avoid over-leveraging in volatile conditions.
Disclaimer:
I am not a SEBI-registered analyst. This plan is for educational purposes only. Please consult your financial advisor before taking any trades. Trade responsibly.
Banknifty Analysis for 10/01Hello Guys.Sharing ,my analysis on Banknifty using Demand supply and swing. Hope you enjoy it.
Banknifty 1HPoint A to B:
The initial impulsive leg forms the foundation of the harmonic pattern.
This downward movement creates a strong momentum phase.
Point B to C:
This is the retracement leg, where the price pulls back after the sharp decline (A to B).
The retracement appears to stop around the 38.2% Fibonacci retracement (marked as 0.363 on the chart), which is common in harmonic setups like the Butterfly pattern.
Point C to D:
This leg represents the extension and final leg of the harmonic pattern.
The price extends significantly downward, reaching the 2.618 Fibonacci extension of the B-C leg.
In harmonic trading, this area is considered a Potential Reversal Zone (PRZ).
Point D (Potential Reversal Zone):
Point D is the critical zone for traders to anticipate a reversal.
The 2.618 extension is a key Fibonacci level, aligning with harmonic principles for patterns like the Butterfly or AB=CD.
[INTRADAY] #BANKNIFTY PE & CE Levels(09/01/2025)Today will be Slightly gap down opening expected expected in banknifty. After opening expected downside movement upto 49550 level. If banknifty starts trading below the 49450 level then expected strong downside rally of 400-500+ points. Any bullish rally only expected if banknifty sustain above the 50050 level.
BankNifty Intraday Support & Resistance Levels for 09.01.2025On Wednesday, BankNifty opened flat, touched a high of 50,246.90, and then slid to a low of 49,389.75. However, it recovered from the lows and closed at 49,835.05, losing 367 points over the previous close. The Weekly Trend (50 SMA) remains sideways, while the Daily Trend (50 SMA) stays negative, indicating continued bearish pressure.
Demand/Support Zones
Near Support Level: 49,282.64 (61.8% FIBO retracement)
Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40
Supply/Resistance Zones
Near Supply/Resistance Zone (15m): 50,043.35 - 50,246.90
Near Supply/Resistance Zone (15m): 50,618.95 - 50,813.55
Far Supply/Resistance Zone (125m): 51,082.80 - 51,671.60
Far Supply/Resistance Zone (125m): 52,010.65 - 52,368.30
Far Supply/Resistance Zone (125m): 52,709.40 - 52,911.10
Far Supply/Resistance Zone (Weekly): 52,264.55 - 53,775.10
Outlook
BankNifty exhibited mixed momentum with a recovery from the day’s low, but the overall trend remains under pressure. A break below 49,282 could trigger further bearish action, while the resistance zone at 50,043 must be cleared to hint at any recovery.
BANKNIFTY : Trading levels and Plan for 09-Jan-2025
Today's updated chart focuses on the reaction to critical zones, emphasizing disciplined trade setups.
Trading Scenarios for 9-Jan-2025
Gap-Up Opening (Above 50,219)
If Bank Nifty opens above 50,219 , observe the price action at the Swing Resistance Zone (50,735) . If price faces rejection here, a bearish move toward 50,219 or 50,038 could follow. A breakout above 50,735 will signal strong bullish momentum with targets near 50,850-50,900 .
Action Plan: Look for short opportunities near 50,735 with a stop-loss of 50,800 . For bullish trades, wait for sustained closes above 50,735 before entering.
Risk Management: Avoid aggressive positions in the opening 15 minutes to prevent impulsive trades. Use small position sizes for trades in the resistance zone.
Flat Opening (Between 49,794-50,038)
A flat opening between 49,794 (support) and 50,038 (resistance) demands patience. Price action will determine the next move. A break above 50,038 may lead to a test of 50,219 . Conversely, rejection at 50,038 could pull the index back toward 49,509 .
Action Plan: For longs, wait for a sustained move above 50,038 , targeting 50,219 . For shorts, watch for rejection at 50,038 , aiming for 49,509 .
Risk Management: Keep a strict stop-loss of 50 points from entry. Avoid overtrading in a narrow range to preserve capital.
Gap-Down Opening (Below 49,509)
In case of a gap-down below 49,509 , the Last Intraday Support Zone (49,132) will be critical. Any sustained move below this level can lead to further weakness toward 48,992 . If support holds, expect recovery toward 49,509 and 49,794 .
Action Plan: For aggressive longs, watch for a bullish reversal at 49,132 with a tight stop-loss below 49,100 . Avoid fresh longs below 48,992 to minimize risk.
Risk Management: Use spreads or deep OTM options for high-risk gap-down scenarios to control losses.
Tips for Options Trading
Avoid holding options overnight unless hedged.
Use straddles/strangles near critical support or resistance levels for volatile moves.
Monitor delta and gamma risks, particularly near expiry.
Summary and Conclusion
Key levels to watch: 50,038 as opening resistance and 49,794 as opening support.
Trend zones: Yellow for sideways, Green for bullish, and Red for bearish.
Patience and disciplined execution will be crucial, particularly during the first 30 minutes
.
Disclaimer : This analysis is for educational purposes only. I am not a SEBI-registered analyst. Please consult your financial advisor before trading.
BANK NIFTY S/R for 9/1/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
