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BANKNIFTY trade ideas

BANK NIFTY INTRADAY LEVELS FOR 05 AUG 2024BUY ABOVE - 51500 SL - 51330 TARGETS - 51620,51750,51880 SELL BELOW - 51330 SL - 51500 TARGETS - 51120,50940,50780 NO TRADE ZONE - 51330 to 51500 Previous Day High - 51620 Previous Day Low - 51120 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
BANK NIFTY S/R for 5/8/24Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:BANKNIFTY
by zenthosh
BANKNIFTY Levels for 05 Aug, 2024Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND GREEN) - In this the GREEN line is used to take long entry and the RED line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the RED line just below ( A trade can exit either when the price crosses the RED line or the 5 minute candlestick crosses the RED line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next RED line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The GREEN line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Leave a comment if you like my entry setup. This share is for educational learning purposes only, and I am not responsible for your profit or loss. Note: For more details, check the chart.
NSE:BANKNIFTY
by nandupk
It is Cut and Action not Action n Cut!Central Bank's cut now the turn of BOE, hope of FED in September. BOJ rise is still digested. Risk off is huge, US 10 Y is dropping and further to go, purely on risk off. There is chance of another 10-15 bps fall. The fall in yields usually should be good, but historically if the fall is on the backdrop of risk off (risk assets gets sold), or on the expectation of recession. In any case we have not risen in terms of rates much not fallen that much, we have to look east in this respect. Dollar is on rise, save the JPY. Cues are negative, but the heavy weight HDFC Bank usually performs well in a broader downward market holding the steeper fall. Look at some of the defence like NESTLE LEVER that comes to aid. High beta will be hit hard more so on places that are held in excess. Economic data came below expectations GST higher is not looked positively in this current set up. TGIF is clearly lit large. Evening Star in Bi-Weekly (still not complete), best is larger degree wave ABC in motion, A which is of 5 is in PIP Recent low are one to look for a base if any. Support 51200-50950-50450-50200 Supply 51800-52000-52150
NSE:BANKNIFTY
by sreebhashyam
NIFTYBANK: Eastern Rise, Western Cut!Where are we now, is always an interesting question that at any point of time we put to contextually. BOJ rises rates, markets jump yesterday. Come US markets, FED pauses, but markets take as hint to September Cut. FED does what it does best, did nothing new. Recall Markets expected 6 cuts this year almost around 8-10 months back, we are yet to see one. Glamours banking results have not produced any UC moves, example is PNB, while bad results have been hammered. Manufacturing data comes lower, INFY GST notice, clarity on the Indexation, so many tick boxes. The enclosed Graph is bi-monthly, posted the evening star. Current price action is still in motion so far bearish doji. Bulls need a further move up, (Candle ends next week). OR bears need a close below the low of the previous candle. That clearly sums up 51200-52200 leave couple of points on either side. Crude jumps back and that is not a threat any time soon. Fiscal Deficit improvement is other bright spot for the bulls. Support 51300-51100-50950 Supply 51800-52000-52150
NSE:BANKNIFTY
by sreebhashyam
BANKNIFTY- Intraday Levels - 1st Aug 2024if BANKNIFTY sustain above 51696 then 51753 then 51810 above this bullish 51858 to 51915 above this more bullish then 52053 then 52242 to 52276 or 52333 If BANKNIFTY sustain below 51526 below this bearish then 51307 to 51251 below this more bearish then 51039 to 51022 then 50771 then 50560 to 50504 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer -  I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you.
NSE:BANKNIFTY
by PrashantTaralkar
BANKNIFTY - Trading Levels and Plan for 01-Aug-2024**Trading Plan for 1st August 2024:** **Gap Up Opening (200+ Points):** If Nifty Bank opens above 51,821 (200+ points gap up): - **Action**: Observe the price action around the resistance zone of 52,011 - 52,149. - **Strategy**: If Nifty Bank sustains above 52,011, consider going long with a target of 52,149. - **Stop-Loss**: Place a stop-loss at 51,929 to manage risk. If Nifty Bank opens between 51,821 and 51,929: - **Action**: Monitor for a pullback towards the support level of 51,929. - **Strategy**: Look for bullish reversal signals near 51,929 to enter long positions targeting 52,011. - **Stop-Loss**: Set a stop-loss at 51,823. **Flat Opening:** If Nifty Bank opens flat around 51,621: - **Action**: Assess the price movement within the range of 51,523 - 51,929. - **Strategy**: Consider buying near 51,523 with a target of 51,929. - **Stop-Loss**: Place a stop-loss at 51,443. If Nifty Bank breaks below 51,523: - **Action**: Look for support around 51,443. - **Strategy**: Enter long positions if a bullish pattern emerges around 51,443, targeting 51,523. - **Stop-Loss**: Use a stop-loss at 51,046. **Gap Down Opening (200+ Points):** If Nifty Bank opens below 51,423 (200+ points gap down): - **Action**: Identify buyer support around 51,046. - **Strategy**: If Nifty Bank holds above 51,046, initiate long positions with a target of 51,443. - **Stop-Loss**: Implement a stop-loss at 50,938. If Nifty Bank opens between 51,423 and 51,621: - **Action**: Monitor for support at 51,443. - **Strategy**: Buy near 51,443 with an upside target of 51,523. - **Stop-Loss**: Set a stop-loss at 51,046. **Risk Management Tips for Options Trading:** **Position Sizing**: Allocate only a small portion of your capital to any single options trade to minimize risk. **Stop-Loss Orders**: Always use stop-loss orders to protect against significant losses. **Diversification**: Avoid putting all your capital into a single trade; diversify across different trades. **Implied Volatility**: Be aware of the implied volatility of options; higher volatility can lead to larger price swings. **Hedge Positions**: Consider hedging strategies like spreads to reduce risk. **Summary and Conclusion:** The Nifty Bank Index is currently at a critical juncture with several key support and resistance levels in play. For the trading session on 1st August 2024, traders should be prepared for various opening scenarios and adjust their strategies accordingly. Effective risk management is essential, especially when trading options, to safeguard against potential market volatility. **Disclaimer:** I am not a SEBI registered analyst. This trading plan is for educational purposes only and should not be considered as financial advice. Please conduct your own research or consult with a professional advisor before making any trading decisions. **Happy Trading!**
NSE:BANKNIFTY
by LiveTradingBox
BANK NIFTY INTRADAY ANALYSIS FOR 01/08/2024BUY ABOVE - 51750 SL - 51620 TARGETS - 52000,52200,52400 SELL BELOW - 51500 SL - 51620 TARGETS - 51270,51120,50940 NO TRADE ZONE - 51500 to 51750 Previous Day High - 51620 Previous Day Low - 51270 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP