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Bankniftytradesetup

[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.
NSE:BANKNIFTY
by TradZoo
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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
2
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.
NSE:BANKNIFTY
by gupshupblog
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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
2
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.
NSE:BANKNIFTYLong
by gupshupblog
[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.
NSE:BANKNIFTY
by TradZoo
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 👍
NSE:BANKNIFTY
by Jagadheesh_JP
4
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.
NSE:BANKNIFTYShort
by gupshupblog
BankNifty Prediction for Tomorrow : 23 August 2024BankNifty Prediction for Tomorrow: 23 August 2024 The market was pretty much sideways today. According to the Risological swing trader: The Trailing stop loss is at 50,675 If the event of a gap down tomorrow morning, and closes below 50,675 in 15m candle close, I will be looking at buying PE side positions. If it continues the upside movement, the upper targets are as follows. These are also the resistance zones. Resistance: 51,430 - 52,108 - 52, 527 Trailing stop loss - 50,675
NSE:BANKNIFTYLong
by ProfitsNinja
Bank Nifty Podcast 22 Aug 2024Two trades were taken today. 1st trade was on Gap up/down strategy, here the profit was booked early due to thick line which is the OI line 51000, where there was early rejection and strong resistance from the Call Side. 2nd trade was purely based on Podcast levels with Data positive and 4 department of OI being positive, still the Bank Nifty moved in the another direction and stoploss was hit. Notes: - Gap up/down Strategy needs to be taken if there's enough space based on ATR lines and OI lines or any thick Lines. Although this isn't mandatory, but good to follow. - OI change needs to be checked in realtime, and since NIFTY was on opposite direction of the trade, a straddle of both Bank NIFTY and NIFTY would have worked in the favor. Optional: - Straddle setup at the ATM strikes when NIFTY OI data is positive and Bank NIFTY data is negative or vice versa on both of the indices. - Profit/Loss with 1 lot : Rs.2,000/- - Setup only when the data becomes opposite to each other - Close only when the market closes or profits or stoploss is seen in total MTM - Margin Required for both the straddle setup is 2L
NSE:BANKNIFTY
by gupshupblog
[INTRADAY] #BANKNIFTY PE & CE Levels(22/08/2024)🔔 Bank Nifty Update for Today: 📈 Gap-Up Opening Expected: Expected Opening Level: Near 51000 Initial Bullish Level: Above 51050 Primary Upside Target: 51450+ Extended Upside Target: 51950+ Bank Nifty is expected to open with a gap up near the 51000 level today. If the index starts trading above 51050 after opening, we could see a strong bullish rally, potentially driving the market towards the 51450 target. Should Bank Nifty break through the 51550 level, this rally might extend further, reaching up to 51950 or more. 📉 Watch for Downside Risks: Critical Reversal Level: 50950 Strong Support Level: 50550 However, if Bank Nifty trades below 50950, downside movement could be possible. The 50550 level will serve as a strong support for today's session.
NSE:BANKNIFTY
by TradZoo
BANK NIFTY INTRADAY LEVELS FOR 22 AUG 2024BUY ABOVE - 50740 SL - 50600 TARGETS - 50890,51070,51300 SELL BELOW - 50600 SL - 50740 TARGETS - 50420,50250,50100 NO TRADE ZONE - 50600 to 50740 Previous Day High - 50740 Previous Day Low - 50420 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
BANKNIFTY Podcast 21 Aug 2024Totally two trades taken. First was based on Gap Up/Down Strategy, it didn't hit the 1:1 target, however I noticed another podcast trade and entered with the same PE and closed both the trades. Notes: - Since today was expiry of BankNifty, if Credit Spread was taken on the first trade itself, the profits would've been achieved even if it didn't the 1:1 Target - After the second trade, there was another trade which was being setup, but since the OI data was negative, so didn't give much attention. Although based on the setup, I could've taken with 50% risk with Credit Spread ;)
NSE:BANKNIFTYShort
by gupshupblog
[INTRADAY] #BANKNIFTY PE & CE Levels(21/08/2024)🔔 Bank Nifty Update for Today’s Expiry Session: 📈 Gap-Up Opening Expected: Expected Opening Level: Near 51000 Key Level: 51050 Potential Upside Target: 51450+ Today, Bank Nifty is anticipated to open with a gap up near the 51000 level. If the index sustains above this level after opening and starts trading above 51050, we could see a strong upside rally of 400-500 points, potentially reaching up to 51450+ during today’s expiry session. 📉 Watch for Downside Risks: Critical Reversal Level: 50950 Support Level: 50550 Major Downside Level: 50450 However, if Bank Nifty fails to sustain above 51000 and shows signs of reversal around 50950, downside movement is possible. The 50550 level will act as support for today’s session, with a major downside expected only if the index breaks and starts trading below 50450.
NSE:BANKNIFTY
by TradZoo