Bank Nifty - Diamond pattern Breakdown - Towards 46500Bank nifty has shown diamond pattern breakdown at 50,400. It has major support on 49,671. If it is broken then further targets to follow as below based on diamond pattern, 49000 / 48200 / 47000 / 46500Shortby NileshPrajapati85Updated 1
Banknifty January 4th Week Analysis Nifty bank is looking weak and we can expect it to fall up to 46850-550 upon breaching 47433; otherwise, it can remain range-bound. A level to watch for strong upside would be 49204; before that, no confirmed upside.Shortby IshanMathur051
[INTRADAY] #BANKNIFTY PE & CE Levels(17/01/2025)Today will be flat opening expected in banknifty. After opening it will consolidated in range of 49050-49450 level. 49450 level act as a upside resistance for banknifty. If index gives breakout of this resistance then expected strong upside rally of 400-500+ points possible. Similarly, If banknifty starts trading below 48950 level then downside fall expected upto the 48550 level.by TradZoo3
Nifty & Sensex Analysis & Trade Plan for 20th JanuaryNifty & Sensex Analysis & Trade Plan for 20th January07:39by rahulbora112
Banknifty 20th Jan (Medium term analysis)Hello Friends, I happened to observe a a change in pattern in weekly and this changes a lot in Banknifty. In my opinion Banknifty has entered multiple monthly correction. 11:15by bhabtoshojha3
[INTRADAY] #BANKNIFTY PE & CE Levels(16/01/2025)Today will be gap up opening in banknifty. Expected opening near 49000 level. After opening possible reversal from this level to continue bearish trend. If reversal confirmation at this level can gives 400-500 points downside rally in banknifty. This rally can be extend for another 400-500 points if its starts trading below 48450 level. Any upside rally only expected if banknifty sustain and starts trading above 49050 level.by TradZoo116
[INTRADAY] #BANKNIFTY PE & CE Levels(15/01/2025)Today will be flat or slightly gap up opening expected in banknifty. After opening banknifty face upside resistance at 48950 level. If banknifty starts trading above 49050 level then possible strong upside rally in index. Below 48450 level further bearish movement expected in banknifty. Downside movement expected upto 48050 and 47550 level in case banknifty not sustain above the 48550 and starts trading below 48450.by TradZoo2
BankNifty Intraday Support & Resistance Levels for 29.01.2025On Tuesday, BankNifty opened with a gap-up, signaling strong buying interest. It made a low of 48,449.05 before rallying to a high of 49,247.15. However, in the final trading hour, it gave up some gains, closing at 48,866.85, marking an impressive gain of 802 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain Negative, reflecting underlying bearishness. Demand/Support Zones Near Demand/Support Zone (15m): 48,511.70 - 48,627.95 Near Demand/Support Zone (30m): 47,981.35 - 48,195.40 Near Support Level: 46,077.85 (low from 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (tested multiple times) Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (inside the Daily supply zone) Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (inside the Weekly supply zone) Outlook BankNifty's strong rally above 49,200 suggests potential for recovery, but the inability to sustain gains highlights persistent selling pressure near critical resistance levels. The 48,000 - 48,500 zone is a key support area, while resistance near 49,800 - 50,500 could limit upside moves. With the Budget 2025 around the corner, expect heightened volatility in the sessions ahead.by PriteshPalan1
BANK NIFTY S/R for 29/1/25Support 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. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 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. by zenthosh1
The weekly ratio of Bank Nifty to NiftyThe weekly ratio of Bank Nifty to Nifty, with a long-term symmetrical triangle pattern forming. The convergence of the trendlines suggests that the ratio is approaching a breakout point. Upside breakout: This could indicate stronger relative performance by Bank Nifty over Nifty. Downside breakout: May signal underperformance by Bank Nifty compared to Nifty. by Vishwajeeth_JK0
BankNifty Intraday Support & Resistance Levels for 28.01.2025On Monday, BankNifty opened with a massive gap-down of 486 points, reflecting strong bearish sentiment. It initially dropped to a day low of 47,844.15, staged a recovery to hit a high of 48,319.20, but eventually lost momentum again to close at 48,064.65, down by 303 points from the previous close. The Weekly Trend (50 SMA) has now turned Negative, in line with the already Negative Daily Trend (50 SMA). Demand/Support Zones Near Support Zone: 46,077.85 (low from 4th June 2024) Far Demand/Support Zone (Daily): 44,633.85 - 45,750.40 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 49,230.15 - 50,447.60 (Tested multiple times) Near Supply/Resistance Zone (75m): 49,787.70 - 49,979.05 (within the Daily Supply Zone) Far Supply/Resistance Zone (Weekly): 50,485.05 - 51,979.75 Far Supply/Resistance Zone (75m): 50,904.35 - 51,088.90 (within the Weekly Supply Zone) Outlook After briefly breaking below the 48,000 mark (last seen on 13th January), BankNifty managed to reclaim this level by the session's close. With the Weekly Trend turning negative, INDIAVIX surging by 8%, and a major event, Budget 2025 on the horizon, heightened volatility is expected in the coming sessions.by PriteshPalan1
BANKNIFTY IS TRADIND IN FALLING PARALLEL CHANNELBanknifty is trading in falling parallel channel since Dec-2024, So, keep sell on rise view on banknifty.Shortby suresh0420
BANKNIFTY KEY LEVELS FOR 28/01/2025**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.by nandupk0
BANKNIFTY Potential price actionI mentioned the significance of the green lines visible on the chart, which represent key levels. Specifically, I highlighted yesterdayโs low and explained that if the price breaks below this level, it could undercut the previous support at 48,074. As we can see, both levels were breached with a gap down. However, the price has been recovering since then and continues to do so. Currently, the level around 48,300 appears to act as a resistance. If the price manages to break above this level, it could signal bullish momentum, with potential targets at 48,800 and 49,000. On the downside, the price will only turn bearish if it breaks below 47,841, which is a critical support level for now. Letโs monitor how the price behaves during the rest of todayโs session or tomorrow to get a clearer picture of the marketโs direction.by TradeTechanalysis1
Banknifty January 5th week analysis Banknifty is looking uncertain. The downside risk is still open, and the range of 47600-100 will be crucial for short covering. And on the upside, 48900 will be a very important level for upside in Banknifty. Once Banknifty crosses and sustains above 48900, then it can go upto 49600-700. Although I expect banknifty to close in green on weekly basis .Longby IshanMathur050
Monday - BankNifty (trading level)Intraday level to watch out for on Monday. Markets will surely test the market levels. Wait and watch for the levels to be tested and enter the trade If the Resistance is tested, wait for the rejection candle and use the same candle low as entry and high as SL for the below target level as exit. If the support is tested, wait for the support candle and use the same candle high as entry and low as SL for the above target level as exit. Trade on your own risk, not a recommendation. Or you this for study purpose. If i get 20 likes for this, i can post the same for Tuesday.by tilak_95380
Where is bank nifty headed?It has broken the parallel channel so two things can happen. if there is a sharp fall from here, the recovery will be quick and it will go back to the parallel channel. However, since there is a gap in NIFTY around 21k and it might go.. there is high possibility for banknifty to go into the second parallel channel which is what is more longer term. By chance if it falls to that 32000 level, that will be the time to get all in!! Because then again, the recovery will be super quick. It is on weekly chart, so it will take time to unfold.. may take weeks, or even several months.. This is a reminder post for myself too.. that if it goes to 32000 by any chance.. then I will not panic and i will invest at that time......by The-Breakout-Trader0
BANKNIFTY KEY LEVELS FOR 24/01/2025**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.by nandupk0
BANKNIFTY : Trading Levels and Plan for 24-Jan-2025๐ BANKNIFTY Trading Plan for 24-Jan-2025 ๐ Hereโs a detailed trade plan for BANKNIFTY for all possible opening scenarios on 24-Jan-2025. Stick to the defined levels and adapt to the marketโs movement for better trading outcomes. ๐ ๐ Scenario 1: Gap-Up Opening (200+ Points) ๐ If BANKNIFTY opens above 48,863 : ๐ Watch the Opening Resistance Zone: 48,863-49,311 . ๐ผ A sustained breakout above 49,311 can lead to a rally toward the Important Resistance Zone: 49,421-49,650 , where profit booking is expected. ๐ For a reversal trade, wait for rejection near 49,311-49,421 , which could push BANKNIFTY back toward 48,863 . ๐ If BANKNIFTY slips below 48,863 , it might test the Opening Support Zone: 48,465-48,529 . ๐ก Tip: ๐ For aggressive traders, avoid chasing breakouts unless supported by strong volume. Stick to stop-loss levels to minimize risks. ๐ Scenario 2: Flat Opening (ยฑ100 Points) โ๏ธ If BANKNIFTY opens between 48,595-48,638 : ๐ Focus on the Opening Support Zone: 48,465-48,529 . โ ๏ธ A breakdown below 48,465 could lead to further downside toward 48,249 , which is the Last Intraday Support. ๐ผ If BANKNIFTY sustains above 48,638 , expect a test of the Opening Resistance Zone: 48,772-48,863 . ๐ Wait for a breakout above 48,863 or a breakdown below 48,465 to take directional trades. ๐ก Tip: Flat openings often lead to indecision in the first hour. Be patient and wait for a clear trend to form before entering trades. โ ๐ Scenario 3: Gap-Down Opening (200+ Points) ๐ If BANKNIFTY opens below 48,465 : ๐ก๏ธ Immediate buyer support is expected near 48,249 . Look for signs of reversal to enter long trades. ๐ If it breaks 48,249 , further downside toward the Support at Bottom: 47,802-47,962 can be expected. ๐ผ For upward momentum, BANKNIFTY must reclaim 48,465 , which can trigger a move back toward 48,638-48,772 . ๐ Avoid aggressive trades near 47,802-47,962 unless strong reversal patterns appear. ๐ก Tip: Gap-down scenarios bring high volatility. Use smaller lot sizes and trade cautiously with defined risk limits. โก โ๏ธ Risk Management Tips for Options Trading ๐ ๐งฎ Always calculate your maximum risk before entering a trade. Avoid risking more than 2-3% of your capital on any single trade. โ๏ธ Use stop-losses for all trades. ๐ Opt for liquid options to avoid slippage. Stick to ATM or ITM strikes for better price movements. ๐ Avoid overleveraging and limit the number of trades during uncertain market conditions. ๐ Summary and Conclusion ๐ ๐ฏ Key Resistance Zones: 48,863 , 49,311 , and 49,421 . ๐ก๏ธ Key Support Zones: 48,465 , 48,249 , and 47,802 . ๐ Focus on price action and volume near critical zones to validate your trades. ๐ A disciplined approach to trading with proper risk management is essential for consistent profitability. ๐ โ Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please trade responsibly and at your own discretion. ๐ Longby LiveTradingBox0
BANK NIFTY S/R for 23/1/25Support 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. by zenthosh0
BANKNIFTY : Trading levels and Plan for 23-Jan-2025Trading Plan for BANKNIFTY: 23-Jan-2025 ๐ Educational Trading Plan for All Opening Scenarios This detailed plan is designed for all possible opening scenarios, ensuring you are ready to tackle the market effectively. Let's break it down based on opening gaps (200+ points considered): 1. Gap-Up Opening (200+ Points) If BANKNIFTY opens near the 48,904โ49,041 zone (Opening Resistance) : Look for a rejection near these levels. If a bearish candle forms, consider initiating a short trade with targets at 48,766 and 48,512 . Stop loss can be placed slightly above 49,041 . On the contrary, if the price sustains above 49,041 , it may attempt to test the 49,314 (Last Intraday Resistance) . Wait for a confirmation before going long. ๐ Pro Tip: Avoid early entries in volatile zones; let the market confirm its direction. 2. Flat Opening If BANKNIFTY opens between 48,766โ48,904 : Observe the price action around 48,904 . If it breaks and sustains above this level, go long with a target of 49,041โ49,314 . In case of a rejection at 48,904 , initiate shorts with a target of 48,512 and 48,429 . Monitor the 48,512 zone for potential buying opportunities if prices fall to this level. ๐ Pro Tip: Use smaller lot sizes when trading near flat opens to reduce risk. 3. Gap-Down Opening (200+ Points) If BANKNIFTY opens near the 48,226โ48,429 zone (Opening Support) : Look for a bullish bounce near these levels. If prices show strength, go long with a target of 48,512 and 48,904 . If this zone is breached and prices move below 48,226 , expect further downside with targets at 47,940 and 47,681 (Last Intraday Support) . ๐ Pro Tip: For gap-down scenarios, focus on defined stop-loss levels to manage volatility. ๐ก Tips for Risk Management in Options Trading Always use defined stop losses to protect capital. Trade with a portion of your capital; avoid over-leveraging. For option buyers, consider exiting quickly if the price doesnโt move in your favor within 10โ15 minutes. Sellers should hedge their positions to reduce risk. Avoid trading in the "no-trade zone" to minimize whipsaws. Summary & Conclusion Monitor key levels: 49,041 (Resistance) , 48,512 (Support) , and 47,681 (Critical Support) . Trade with discipline and wait for confirmations before taking positions. Focus on market structure, and donโt hesitate to sit out if levels donโt align with your plan. โ ๏ธ Disclaimer: I am not a SEBI-registered analyst. This analysis is purely for educational purposes. Trade responsibly.by LiveTradingBox1
BANK NIFTY | SHORT | STBTBANK NIFTY is presenting a shorting opportunity as it breaks down from yesterdays low and the Weekly Pivot. The overall trend remains weak and probably it is heading into some kind of double bottom formation before a relief rally. For now, BN seems to be trading in the range between 47,900 & 49,500. Shorting target - 47,810 SL - Todays HighShortby Sky_Tracer1
BANK NIFTY S/R for 22/1/25Support 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.by zenthosh0