BANKNIFTY
BankNifty Update - Bearish Sign on 15m Chart
On 15m time frame, BankNifty has closed with a red candle at 3:30pm
This is a bearish sign and a confirmation for PE side buying. Tomorrow, we might see a continuation on the down side.
Entry, stop loss and profit targets have been marked for your reference.
All the best!
BANKNIFTY can be bearish from 51466-51647 51466-51647 Levels are very important for BankNifty to sustain. If it break above these levels, then a new all time high can be seen in Sep month. Mostly likely, BankNifty could fall from here to be bearish again and break 49,815 levels. This level is a pure selling level above the fair value gap that was created on 5th Aug.
[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.
BANK NIFTY INTRADAY LEVELS FOR 28/08/2024BUY ABOVE - 51260
SL - 51080
TARGETS - 51500,51620,51750
SELL BELOW - 51080
SL - 51260
TARGETS - 50890,50740,50600
NO TRADE ZONE - 51080 to 51260
Previous Day High - 51400
Previous Day Low - 50890
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 👍
Bank Nifty Podcast 27 Aug 2024Took two trades today.
1st trade was taken with 50% risk which means instead of max loss of 1000, I took only 1 lot with 500 risk. The 50% risk was taken because OI data was completely positive and 4 departments were "Bullish".
2nd trade was taken with maximum conviction as the data was positive and 4 departments were "Bullish", but looks like Bank Nifty had some other plans. The market remained sideways for sometime which resulted in decay in the premiums.
Notes:
- Never take any trade even with 50% risk, because sometimes "No trade is also good trade"
- 2nd trade should have been taken with debit spread as next day is expiry and already Bank Nifty had moved more than 200 points.
[INTRADAY] #BANKNIFTY PE & CE Levels(27/08/2024)🔔 Bank Nifty Update for Today:
📊 Expected Opening:
Opening Level: Slightly flat near yesterday’s close
📈 Potential Upside Movement:
Primary Upside Target: 51450+
Extended Upside Target: 51950+ (upon breakout above 51550)
Bank Nifty is expected to open slightly flat, near yesterday’s closing level. After the opening, there is a possibility of an upside rally reaching 51,450 or higher. If Bank Nifty breaks out above the 51,550 level, this rally could extend further, potentially reaching up to 51,950.
📉 Support Level:
Strong Support: 51000
The 51000 level will act as a strong support for today’s session, providing a key level to watch in case of any downside movement.
Review and plan for 2th August 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
Positional trading ideas included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
BANK NIFTY INTRADAY LEVELS FOR 27/08/2024BUY ABOVE - 51300
SL - 51080
TARGETS - 51500,51620,51750
SELL BELOW - 51080
SL - 51300
TARGETS - 50890,50740,50600
NO TRADE ZONE - 50890 to 51080
Previous Day High - 51300
Previous Day Low - 51080
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 👍
Bank Nifty Podcast 26 Aug 2024Today, took only 1 trade on long side.
There were another trades which came on short side (PE), but the OI data was positive and 2 departments of OI also showed "Bullish" status, so avoided the trades.
Notes:
- In the podcast strategy, without data the position can be taken but with 50% risk
-- Risk option #1 - If you're maximum loss is 1000 for 2 lots, then go for 1 lot
-- Risk option #2 - If you're having only 1 lot and max loss is 1000, then either go with debit spread or credit spread.
BankNifty Continues Bullish MomentumBankNifty Continues Bullish Momentum with a gap-up today 26 August, 2024
Trailing stop loss as per Risological swing trader: 50,920
Resistance: 51,430 - 52,110 - 52,530
If Banknifty closes below 50,920, then all CE position will be closed and a fresh PE side buy position will be opened.
Good luck.
[INTRADAY] #BANKNIFTY PE & CE Levels(26/08/2024)🔔 Bank Nifty Update for Today:
📈 Gap-Up Opening Expected:
Key Level: 51050
Primary Upside Target: 51450+
Extended Upside Target: 51950+
Bank Nifty is anticipated to open with a gap up today. If the index sustains above the 51050 level after the opening, we can expect an upside rally reaching up to 51450 or higher. Should Bank Nifty break through the 51550 level, this rally could extend by another 400-500 points, potentially reaching 51950 or beyond.
📉 Watch for Downside Risks:
Critical Support Level: 50950
Major Downside Risk: Only expected if the index falls below 50950
🔄 Potential Resistance:
Resistance at 51450: There is a possibility that Bank Nifty might face resistance around the 51450 level during its upside rally.
Review and plan for 26th August 2024Nifty future and banknifty future analysis and intraday plan in kannada.
Positional idea- included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
BANK NIFTY INTRADAY LEVELS FOR 26/08/2024BUY ABOVE - 51080
SL - 50890
TARGETS - 51300,51500,51620
SELL BELOW - 50890
SL - 51080
TARGETS - 50740,50600,50420
NO TRADE ZONE - 50890 to 51080
Previous Day High - 51080
Previous Day Low - 50890
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 👍
GREAVESCOT LONGGREAVESCOT is the growth stock but its in IT sector we found Rs.800 is a under value Rs.1700 is a over value based on up-to this year company result....
so this value(under and over value) will change year to year
but now this stock will reach RS.800+(under value) like a growth stock after that it will act like a value stock up-to Rs.1700+(over value)
long-term doesn't want perfect entry
my entry was 163
company wont go ZERO
ITS A INVESTING PURPOSES>>SEPUCLATION IS RISK... WE ARE NOT RESPONSIBLE FOR YOUR SEPUCLATION PROFIT AND LOSS>>>BUT WE ARE RESPONSIBLE FOR YOUR INVESTING PROFIT AND LOSS
ICICI Bank next week target 1220, 1240, or 1260If you are looking for a good stock for the next week, ICICI Bank can be a best stock on our golden parameters. The stock has moved from downtrend to uptrend according to our parameters on the daily chart, of course the stock is still below the pivot point but the possibility of an uptrend in it cannot be ruled out. The stock closed at an upper level today after the consolidation of the last three weeks. Which can prove to be a better option for the next week.
Bank Nifty Podcast 23 Aug 2024Total three trades were taken .
1st trade was taken on 5minute timeframe when the candle reverses from the OI line and closed with 1:1 Target
2nd trade was taken on Podcast Setup , closed the trade with stoploss. Although the OI data was positive, but the 4 department was neutral, where 2 department was showing Bullish and 2 department was showing bearish.
3rs trade was again taken on Podcast setup and closed with 1:1 target.
Notes:
- There were 3 trades based on 5minute timeframe from the OI line 51000, but I took only the one before 10AM.
[INTRADAY] #BANKNIFTY PE & CE Levels(23/08/2024)Today expected flat opening in banknifty near 51000 level. Due to yesterday's consolidation movements near 51000 no major changes in levels. Expected bullish rally of 400-500 points only if banknifty sustain above 51000 level. Downside expected if banknifty indicates strong reversal below 50950 level.