Bnf
BANKNIFTY Event & BeyondBANKNIFTY we have had 2 nice moves from the trend decider posted on 03-AUG
The downside target and bounce off it and then the upside target.
We are again trying to hold below the trend decider- with some multiple lows an support below that.
Given the correciton yday this is a low risk sort opportunity to test the downside targets
bank niftyHello!! Bank nifty ....... now this is at every crucial point can also go above and also down let's see the opening tomorrow it can also gap down 200 pt.s but I think it will gap up 200-400 pt.s. lets see #my_view #learnera
BANKNIFTY...BOUNCED BACK FROM SUPPORT!!BNF Taking strong support on 21070-21200 zones and now it bounced back from support. can expect it to reach first resistance level within few days.
BANKNIFTY Road AheadBANKNIFTY has opened below a major reference zone and staying below 21550 will continue to see weakness for this week ahead.
Downside targets on lower side is 21050/20650.
Aggressive traders can sell BANKNIFTY Futures with stops above 21850F or sell 21500CE at 250-300 range
Safe traders tgt sell of 22000CE at 130 areas.
BANKNIFTY Expiry PlanBANKNIFTY - We had for long marked the range of 21300-550 as a key range for the legs up or legs down, we tested back that range in the fall yesterday and there was enough pace to suggest a potential continuation.
Hold below the areas of 21330 ( Trend Decider ) We are looking to test areas of 21050/ 20650 areas.
BNF Low at Key Intermediate ReferencesLong play at these areas for the marked target levels.
we had a failed breakdown today and expect the trend decider to hold for the mentioned targets.
BANKNIFTY Watch for the premium differencesNSE:BANKNIFTY
yesterday we capped a near perfect expiry trading session in BANKNIFTY, despite choppiness it played well with our trend decider areas.
For today While we have opened in spot above trend decider, the futures continue to be within the previous day reference. We have to be mindful of the premiums.
From a immediate BNF levels point of view we are watching these two areas.
1. Long above 22780 areas for 22000 and higher
2. Pullback into below the trend decider (22590 ) for a move to 22350 and lower
Note: BNF lot sizes have increased to 25
What is a TREND DECIDER- That one price point or zone , where our view flips. Bullish above, bearish Below
BANKNIFTY the zones worked like magicBANKNIFTY the zones marked worked like magic, key reference remains the areas of 20800-50F if we hold below we are looking for the test of marked downside levels
Banknifty Next AreasBanknifty the next levels to watch are a potential hold of the 20800 areas for a move to test upto 20350 and 20500.
Hold below 20800 we will see a potential rotation back.
potential trade long futures with stops below hold of 20800
SELL 20500PE at 110 with stops above 150
BANKNIFTY Simplifying Price action from Current ContextBanknifty has reached a potential destination for this upmove. The range of 20200-19850 is pretty much the near term reference to watch out , once we break outside this range we have a potential move to 20800F on the upside and 19200F on the downside.
Now potential strategies to trade that move:
1. For the simpler on look to trade scalping pullbacks in this range with stops outside the range window.
2. Take a break out outside this range to capitalize a potential 500+ points move.
3. Can sell strangles 19500-20500: for this week has a total net credit of 350 points.
BNF go long TGT 32600 - 32610 with SL below 32230BANKNIFTY bounced from good support Mon 30th, Dec 2019.
View - Go long
TGT - Booking level 32600 - 32610 / more up possible
SL - Below 32230
Bank Nifty Intraday Trade Setup for 11th OctoberHere is my idea Intraday setup for Bank nifty Index for 11th October 2019
BANK NIFTY LIVE TRADING IDEA ON EXPIRY DAY 10TH OCTOBER 2019 This is my first attempt to publish the live market idea into the Public. Consider watching the video
Short BankniftyBanknifty has given good rejection and formed inside candles. Would wait for Outside breakout and Sell for Targets mentioned on the charts.
Rejection coincides with Harmonic Move. Hidden Bearish Divergence seen from the structure break Point till Recent Swing High of Rejection.
Lets see how it moves. Cheers!!!!
#banknifty trade scenarios for coming session#BNF: Last week scenario II was to trade breakout above 27150 zone to test 27500 range, it went there and higher than that as well, testing yearly highs and beyond it.
Now here are the potential trade scenarios to trade the coming week:
Prices manage to respect 27570 zones and we continue to move higher to test 27900 levels- which is a retracement of last weeks range and then look to trade a pullback from there.
A move below 27570 range to test the levels of 27450- if that holds and markets pullback we are in for some up move more.
In continuation of scenario II preferable scenario is a move into the shaded zone of 27330-27250 range and look to trade a pullback from there, and that is the favored scenario this week.
A contrarian scenario is markets to completely retrace this move and go on to test 27150-100 range all over again. Scenario has to be anyway tested first before that.
Detailed volumeprofile chart for futures is posted at twitter.com
Banknifty watch out zonesbanknifty support band remains now at 26840-26890 zones, trading above that a pullback opportunity remains open.
the challenges to this are:
1. Too sharp a trendline that will become difficult to defend for momentum play
2. Trading below the previous highs of 27060. it remains in no man land.
Banknifty Trade ideas and plan this week-25JunBNF: Last week , Played out all 3 scenarios that we laid out, a test near 26150, consolidation and 26300 levels and a upward test for 26800 levels.
BNF continues to trade within the trading range formed on the 1st week of June. Testing the 78.2 % retracement, from there an upward push up to 27000, 27350 zones is a possibility. On the downside 26480-580 will support immediate support and a move below will be a good zone to test for a downward push
Now we could play out the below scenarios for next week
I.Continue upwards to test 27000, 27350 zones or higher, but given OI accumulation at 27000 I will be cautious for this scenario.
II.Move below 26750 and test the zones of 26580-480.
III.A break below 26350 to try and test 26150 and lower levels. Again at this point a break of 26100 looks difficult this week based on month end OI
Banknifty Potential turn around point- trade ideaLong time since I posted something, Folks who had seen the past analysis would recall that we had marked 25600 as the support zones, banknifty turned around from there. On the upside 26450-26500 remain as the big hurdle.This is with the hypothesis that markets have had made top for the year and will continue to form lower highs. Hence if we see retracement zones , this provide an low risk short idea with stops above 26500 levels and a potential to test the levels of 25600 and 25200 in coming weeks.
BANKNIFTY Trading plan coming sessions 11 MayBANKNIFTY has managed to trade within a small range for the past few sessions. Levels of 25220-25300 will hold resistance, will look
for a downward rotation to test near 26K levels or a clear break above the resistance
zone.
Volumeprofile charts @ twitter.com
Baknifty testing crucial support zones.Whats next#bnf #banknifty testing crucial support zones of 24920-940.a break below can lead to a test of 24700-720, previous #volumeprofile levels #MarketProfile #nf
future volumeprofile chart at : twitter.com
