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Niftybanktradesetup

NiftyBank key levels for Feb 29, 2024Stay ahead of the curve with our daily Bank Nifty key levels! NiftyBank key levels for Feb 29, 2024 Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the fall of 700 points in BankNifty Link for yesterday’s levels, you can check it yourself :- Here are the key levels to watch for potential entry and exit points in NSE:BANKNIFTY Resistance Levels: - Refer the Red line on the chart Support Levels: - Refer the Green line on the chart Trading Strategy: - Long Position: Consider initiating long positions near support levels only after reversal confirmation for potential upside movement. - Short Position: Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement. Risk Management: - Always use stop-loss orders to protect against adverse market movements. - Consider position sizing based on risk tolerance and account equity. Disclaimer: These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Thanks
NSE:BANKNIFTY
by Nivesh_Labs
Nifty bankNiftybank even after opening gapdown tries to sustain itself in green and closed above yesterday's closing price. As per our last post we have continued to put our view for upside in BANKNIFTY. (Resistance of 41000 is yet to reach) Some noticing points that I want to clarify are: Nifty bank is consolidating in a fix range which after its range breakout will give a sharp movement to any of the sides. For Short term trade (weekly options) support is 40050/39800/39550 if it goes downward direction. If this consolidation phase continues then we can put our resistance at or near 41000-41350; while support could be set above 39850. (For swing opportunity) Thanks. Disclaimer: This post is for educational purpose only. Please consult your financial advisor before investing. Boost my post if you like.
NSE:BANKNIFTY
by TripuraInvescorp
2
NiftyBank trend for tomorrowToday a V- shaped recovery has been seen in Niftybank from previous day's low of 41900 today it stand near 42500approx and it moves beyond that and went upto 42700. If this upward trend sustains above 42700 for tomorrow then it will hit 43000++ and will show strong momentum. But it has reversed somewhat today which shows a clear indication of inverted head and shoulder pattern on a 15 min timeframe which says if it crosses below 42300 and sustains below that then niftybank will hit 41900 and fall below that which will ruin everyone's portfolio to some extent. So, basically what I am trying to say is that opening and the market momentum after half day will clear our confusion. Moreover DIIs buying in cash market was more than the sellings by FIIs today.
NSE:BANKNIFTY
by TripuraInvescorp
2
Bank Nifty Levels & Strategy for 09/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. Bank Nifty: Today Bank Nifty hit & close at new lifetime high & now heading towards 44K level. FIIs were super bearish from last 2 days. Today, they switched the gear and became bullish in F&O after Gujarat election results. They are still net seller in cash segment in Dec. Two major events are over now RBI policy (specially commentary) & election results. Now, market will wait for US Fed policy in next week. Buying momentum is very strong. Option data is indicating bullish move. Retail traders should look for buy on dips opportunity, book profit near lifetime highs & simply follow the trend till Bank Nifty continue to respect & hold the major support levels. Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 08/DEC/2022 BANK NIFTY IS UP BY 498 POINTS Name Price Previous Day Change % Change Bank Nifty 43597 43099 498.15 1.16% India VIX 13.40 14.08 -0.68 -4.83% OPTION STATISTICS BASED ON 15/DEC/2022 EXPIRY DATA Max OI (Calls) 44000 (Open Interest: 1189925, CE LTP: 129.25) Max OI (Puts) 43000 (Open Interest: 1443925, PE LTP: 82) PCR 1.31 (PCR is in buying Zone) Bank Nifty Calls: ATM: Long Buildup, OTM:Long Buildup, ITM:Short covering, FAR OTM:Long Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup
NSE:BANKNIFTY
by manishmgupta
1
Bank Nifty Levels & Strategy for 08/Dec/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. Bank Nifty: FIIs are super bearish from last 2 days. They are net seller in Dec. Today, market didn't like the RBI policy (specially commentary). Tomorrow's market move will be mainly based on Gujarat election outcome. My strategy will sell on rise with strict SL for tomorrow if I get good trade setup and decent Risk:Reward. Important events to keep in mind for coming days: 1.Gujrat results on Dec-08. 2.USA Fed meeting (next week). Another rate hike of 0.75% is likely to happen. Is volatility likely to grow in coming days????? Please trade carefully with hedged positions (overnight)/strict SL (intraday) Please find below scorecard, PCR update & options statistics for your reference: BANK NIFTY SCORECARD DATED 07/DEC/2022 BANK NIFTY IS DOWN BY -40 POINTS Name Price Previous Day Change % Change Bank Nifty 43099 43139 -39.85 -0.09% India VIX 14.08 14.04 0.04 0.25% OPTION STATISTICS BASED ON 08/DEC/2022 EXPIRY DATA Max OI (Calls) 43200 (Open Interest: 3452700, CE LTP: 129) Max OI (Puts) 43000 (Open Interest: 3568500, PE LTP: 84) PCR 0.68 (PCR is in bearish zone) Bank Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Bank Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Short covering, FAR OTM:Long Liquidation
NSE:BANKNIFTYShort
by manishmgupta
Simple Trade Setup | BANKNIFTY | 18-04-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 18-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
NiftyBank Futures Positional trading levels on daily time frameMajor Resistance 36887.05 Major Support 36472 to 36255 This is buying zone and Stop loss level for Positional long Positional Longs Potential upside target of 1500 Points in Coming days 1st target 37274 2nd target 37782 3rd Target 38500 Short side target 35750 to 35700 Incase of breakdown below support level short side 2nd target 35000 to 34800 incase of breakdown from 1st support zone. Disclaimer: These levels are purely based on Price action/demand and supply zones & Technical Analysis and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor for before making trading decision.
NSE:BANKNIFTY1!Long
by sbkurandwad77
Nifty Bank Futures Key Trading levels for 5th Oct 2021Nifty Bank Futures Key Trading levels for 5th Oct 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:BANKNIFTY1!
by sbkurandwad77
Nifty Bank Key Support & Resistance for 5th Oct 2021 Nifty Bank Spot Key Support & Resistance for 5th Oct 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:BANKNIFTY
by sbkurandwad77
1
NiftyBank Key Support & Resistance for 4th Oct 2021 NiftyBank Key Support & Resistance for 4th Oct 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:BANKNIFTY
by sbkurandwad77
Nifty Bank Spot Key Trading Levels for 1st Oct 2021 Nifty Bank Spot Key Trading Levels for 1st Oct 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor for before making trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:BANKNIFTY
by sbkurandwad77
2
Nifty Bank Futures Trading level for 30th Sept 2021 Nifty Bank Futures Trading level for 30th Sept 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor for before making trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:BANKNIFTY1!
by sbkurandwad77
Nifty Bank Futures Trading level for 29th Sept 2021Nifty Bank Futures Trading level for 29th Sept 2021 After Trending move on 28th Sept Nifty Bank may remain Volatile or rangebound Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor for before making trading decision.
NSE:BANKNIFTY1!
by sbkurandwad77
1
Nifty Bank Support & Resistance for 29th Sept 2021 Price TargetsNifty Bank Support & Resistance for 29th Sept 2021 After Trending move on 28th Sept Nifty Bank may remain Volatile or rangebound Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor for before making trading decision.
NSE:BANKNIFTY
by sbkurandwad77