Bank nifty Spot weekly Chart = Support & ResistancePrice action Chart Bank nifty Support Zone = 46300-45800 Resistance Zone = 48500-49000 Below 45800 is 43000 target Zone with Price action chart analysisby Rohit_PSV1
BANK NIFTY S/R for 5/6/24Support 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. 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.by zenthosh0
BANKNIFTY Sell Setup 15 MinsSuper valid-looking! 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."Shortby nandupkUpdated 0
Double Top, Next Target is Trendline Bottom.Down Trend start, because Banknifty did not closing above previous top or resistance level and it formed Double Top. So we expect market coming down, next Target is Trendline Bottom. And also Nifty 50 did not Breakout the Channel Pattern, Trendline also Breakout, SGX or GIFT also Breakout Trendline. I want to help people to Make Profit all over the World.Shortby SasikumarManiUpdated 6
BANKNIFTY Trading Plan for June 4, 2024 As we anticipate a highly volatile trading session due to the ongoing general election vote counting, here is a detailed trading plan for BANKNIFTY on June 4, 2024. Gap Up Opening: Action: Enter a buying trade if prices open and sustain above 51,400. Targets: Aim for 51,700 – 51,754. Be aware that prices might face resistance above 51,800, with a potential move towards 52,200. Support Levels: If prices do not sustain the opening level, look for support at 51,094. Below 51,090, prices may decline to 50,784 - 50,680. Vote Impact: Breakout of support or resistance will be influenced by the election vote counting outcomes. Flat Opening: Scenario: If prices open flat. Range: Expect trading between 51,094 – 50,784 - 50,680. Upside Move: Breaking and sustaining above 51,094 can lead to an upside move towards 51,371 – 51,754. Support Levels: If prices fall below 50,650, the next support level is at 50,350. Consider short trades only if election results differ from exit polls and prices fall below 50,300. Gap Down Opening: Action: If prices open below 50,500. Support Levels: Look for support at 50,350 and potential upward targets of 50,800 – 51,000 – 51,371. Downside Risk: If trading below 50,300, prices could drop to 50,031 – 49,851. Conclusion and Disclaimer: Traders are advised to exercise caution during this highly volatile session. Either avoid trading or closely monitor election results. Note that profit booking may occur towards the end of the session, even if the results align with exit polls. Always use strict stop-loss levels to manage risk effectively. General Disclaimer: This trading plan is intended for educational purposes only and should not be construed as financial advice. Market conditions can change rapidly, particularly during periods of high volatility such as election result announcements. Always perform your own analysis and consult with a professional financial advisor before making any trading decisions. Trading in financial markets involves significant risk and may not be suitable for all investors. Wishing you successful trading!Longby LiveTradingBox0
BANK NIFTY INTRADAY LEVELS FOR 04 JUNE 2024BUY ABOVE - 51100 SL - 50950 TARGETS - 51300,51500,51700 SELL BELOW - 50730 SL - 50950 TARGETS - 50590,50330,50130 NO TRADE ZONE - 50730 to 51100 Previous Day High - 51100 Previous Day Low - 50130 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 👍by Jagadheesh_JP3319
BANKNIFTY Trading Plan for June 4, 2024 Market Overview: With the election vote counting in progress, Tuesday’s session for BANKNIFTY is expected to be highly volatile. Below are the trading levels and strategies based on different opening scenarios: Gap Up Opening: Action: If prices open and sustain above 21,400, consider a buying trade. Target: 21,700 – 21,754, with potential resistance near 21,800 and subsequent movement towards 22,200. Support Levels: If not sustained, prices may find support at 21,094. Further Movement: Below 21,090, prices might trade towards 20,784 - 20,680. Flat Opening: Scenario: If prices open flat. Price Movement: Expect trading between 21,094 – 20,784 - 20,680. Upside Move: Sustaining above 21,094 can lead to an upside towards 21,371 – 21,754. Support Levels: Below 20,650, the next support level is 20,350. Consider short trades only if results deviate from exit polls and trade below 20,300. Gap Down Opening: Action: If prices open below 20,500. Support Levels: Prices might find support at 20,350 and can trade higher towards 20,800 – 21,000 – 21,371. Downside Risk: Trading below 20,300 could lead to a drop towards 20,031 – 19,851. Conclusion and Disclaimer: Traders are advised to either avoid trading in this highly volatile session or trade with close attention to election results. Profit booking might occur towards the session end, even if outcomes match exit polls. Exercise caution and maintain strict stop-loss levels to manage risk effectively. General Disclaimer: This trading plan is for educational purposes and should not be considered financial advice. Market conditions can change rapidly, especially during volatile periods such as election result announcements. Always perform your own analysis and consult with a professional financial advisor before making trading decisions. Trading in financial markets involves substantial risk and may not be suitable for all investors.Longby LiveTradingBox111
BANKNIFTY Buy Setup 15 minsSuper valid-looking! 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."Longby nandupkUpdated 1
BANK NIFTY S/R for 4/6/24Support 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. 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.by zenthosh1
BANKNIFTY BUY BANKNIFTY GO FOR LONG Trade reason : 1)Day time strong uptrend & travel with Channel pattern 2)Strong Level Bottom Support - 47000 level 3)1 Hr time frame Makes HH . Entry confirmation Entry - 48100 Target 1 -49000 Target 2 - Channel Top . New Highs Possible Stop - 47300 Thank you ... Happy trading Longby Dreamtrader00Updated 6
View on Nifty and BankNiftyHello Traders, Checkout the quick update on Nifty and BankNifty. Be very alert 03:33by cryptoblast86-10
Nifty Bank (BANKNIFTY) Targets post election 2024The chart provided is of the Nifty Bank Index on the 4-hour timeframe from NSE, created using TradingView. Here is a detailed analysis and summary: Trend and Channel Analysis: 1. Ascending Channel: The chart shows the Nifty Bank Index moving within an ascending channel, bounded by two parallel trend lines. 2. Support and Resistance: The lower trend line acts as support, while the upper trend line acts as resistance. The price has bounced off the lower trend line multiple times, indicating strong support. Fibonacci Retracement Levels: The Fibonacci retracement levels are drawn from a recent swing low to a swing high, showing key levels of potential support and resistance. 1. 0% Level (48,333.10): The starting point of the retracement. 2. 50% Level (49,682.25): Often considered a strong support/resistance level. 3. 61.8% Level (50,000.70): Known as the golden ratio, it is a significant level where price action often finds support or resistance. 4. 100% Level (51,031.45): The end point of the retracement. Key Levels and Potential Targets: 1. Current Price: The current price is 48,967.95, slightly below the 50% Fibonacci level of 49,682.25. 2. Immediate Support: Around 48,333.10 (0% Fibonacci level). 3. Immediate Resistance: Around 49,682.25 (50% Fibonacci level). 4. Next Key Resistance: Around 50,000.70 (61.8% Fibonacci level). 5. Further Resistance: Around 51,031.45 (100% Fibonacci level). Future Projections: 1. Upside Potential: If the price breaks above the 50% Fibonacci level (49,682.25), the next target could be the 61.8% Fibonacci level (50,000.70), followed by the 100% Fibonacci level (51,031.45). 2. Downside Risk: If the price falls below the current level, it may find support at the 0% Fibonacci level (48,333.10). Other Observations: 1. Volume and Momentum: Volume and other momentum indicators (not shown in the chart) would be helpful to confirm the strength of the trend. 2. Candlestick Patterns: Analysis of recent candlestick patterns could provide additional insights into market sentiment and potential reversals. Summary: - The Nifty Bank Index is currently in an ascending channel with key support and resistance levels defined by Fibonacci retracement. - The price is slightly below the 50% retracement level, suggesting potential resistance. - Breaking above this level could lead to further gains towards 50,000.70 and 51,031.45. - Conversely, if the price falls, it may find support around 48,333.10. Monitoring the price action around these key Fibonacci levels and the channel boundaries will be crucial for identifying potential trading opportunities. Longby The90sTraderOfficial1
Banknifty Chart Analysis For TodayHello, my friends I hope you all are good so now if you will go 5 minutes chart market make bearish Flag pattern pre market open positive or global market also positive but chart said negetive let's see what will happen all the best and thank you.Shortby Soyab_Ghazzi_Trader0
NIFTYBANK: Path, Polls and Parade!It is clear, there is no debate on open, there is no debate on how much it will open. Cues are there. The question is how much it can stretch. What is the expiry led moves that one can see here. 1. This index held its never in the fall relative to any other sector, hence the more weightage will come from here. How much, non-index stocks move or not one has to wait and see. 2. The PIP graph shows we ended the wave 2 and today's move is part of the wave 3. Ideal projections are 50170-50430-50918, will it be just in the day or we hit and fall later one has to see. 3. Always remember, this INDEX reverses from the extremes without any underlying notice in the technical set up. While the stars align today, the polls show one way, the path looks clear. Pick those the winning horses. 49300 is the new base and if that is not held on the daily close (assuming we gap up and remain gap up), is the first concern. Difficult to post a support and resistance of minor degree 250 point of each is the assumption that is near 0.5%. by sreebhashyam2
BANK NIFTY INTRADAY LEVELS FOR 03 JUNE 2024BUY ABOVE - 49050 SL - 48860 TARGETS - 48550,48340,48200 SELL BELOW - 48680 SL - 48860 TARGETS - 48550,48340,48200 NO TRADE ZONE - 48680 to 49050 Previous Day High - 49050 Previous Day Low - 48550 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 👍by Jagadheesh_JP2220
BANKNIFTY Trading Levels and Plan for 03-June-2024 Market Overview: Similar to NIFTY, BANKNIFTY is expected to have a positive trading session on Monday following a volatile Friday. Positive news, such as stable government indications from exit polls, increased GST collection, and strong GDP growth data, suggest an upward trend for BANKNIFTY. Trading Plan: Gap-Up Opening: Opening Level: Likely near or above 49400. Sustaining Level: If prices sustain above 49420, they could trade towards 48851 to 50031 in a sideways pattern. Support Level: If prices do not hold at 49400, look for support at 49200, with a potential bounce towards 49800-49851. Flat Opening: Buying Strategy: If the price opens flat, consider buying with an SL at 48800. Initial Target: Aim for 49400 and above 49450, targeting 49851-50031. Sell Strategy: No short trade is suggested; focus on buying on dips if prices fall below 48800. Gap-Down Opening: Buying Strategy: If prices open below 48800 (though unlikely), consider buying with an SL at 48600 and target 49400. Support Level: If prices drop below 48600, look to buy around 48288 or above 48800. Sell Strategy: No short trades recommended due to the positive market sentiment. Disclaimer: Trading in the stock market involves risks, and it is important to conduct your own analysis or consult with a financial advisor. This plan is based on current market conditions and could change with new developments. Conclusion: With the market's positive sentiment, BANKNIFTY is expected to trend upwards. Traders should focus on buying opportunities, especially in case of flat or gap-down openings, and monitor key support and resistance levels for effective trading. Longby LiveTradingBox2
NIFTY Trading Levels and Plan for 03-June-2024Market Overview: After a volatile Friday session, an action-packed Monday trading session is anticipated, influenced by the conclusion of general elections and exit poll predictions. Exit polls indicate the expectation of a stable government and a surge in GDP growth rate to 8.2%. Additionally, domestic long positions in NIFTY are at an all-time high, all pointing towards a positive opening for NIFTY, likely indicating a gap-up start. Trading Plan: Gap-Up Opening: Opening Level: Expected above 22700. Sideways Movement: Anticipate a sideways move between 22761-22515, where prices can find support. Target: On trading above 22800, prices could aim for a target of 22960. Support Level: If prices do not sustain above 22700, look for support around 22618 and a potential bounce back. Flat Opening: Buying Strategy: If prices open flat, consider buying with a stop-loss (SL) at 22450. Support Level: If prices break below 22400, look to buy near 22311. Sell Strategy: No sell-on-rise recommended unless prices show action below 22300. Gap-Down Opening: Buying Strategy: Though a gap-down opening is unlikely, if prices open below 22500, consider buying with an SL at 22400. Sell Strategy: No short trades advised given the positive market sentiment. Disclaimer: Trading in the stock market involves risks, and it's important to perform your own analysis or consult with a financial advisor. This plan is based on current market conditions and could change with new developments. Conclusion: Given the positive indicators, a bullish trend is expected for NIFTY. Traders should focus on buying opportunities, particularly in case of flat or gap-down openings, and watch key support and resistance levels for effective trading.Longby LiveTradingBox0
BANK NIFTY S/R for 3/6/24Support 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. 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.by zenthosh2
Opportunity to Buy BankNifty Seems Right Opportunity to Buy Bank nifty with expected Target to reach as indicated Longby SK_20211
BANK NIFTY 2HRCAN ANYONE EXPLAIN WHAT IS HAPPENNING HERE..?? I Am Not SEBI Registered Analyst. All Post and Levels Posting is only for educational and knowledge purpose. I Am not responsible for your any kind of loss or profit. No Claim, All Rights Reserved.‼️Shortby saimandali2
Bank Nifty Weekly levels (03-06-2024 to 07-06-2024)Bank Nifty Weekly levels (03-06-2024 to 07-06-2024) Note: 1. If Bank Nifty breaks 48690 level towards down on 03-06-2024 (Monday) then it may reach 45,680. 2. If Bank Nifty breaks 49864 level towards up 03-06-2024 (Monday) then it may reach 52,131. It is given for educational purposes only.by mathsaran8
Bank Nifty important levels and trade plan for Monday, 3rd JuneBank Nifty important levels and trade plan for Monday, 3rd June Resistance levels 49182, 49453, 49703 Support level 48967, 48721, 48486, 48315 Current trend- In daily time frame Continuation of an uptrend by rahulbora11226
#Banknifty:3rd June#Banknifty: 3rd June Step1: Pivotal support - S1 48842. Step2: Firm support S2-48636. Step3: R-1 49295 Step4: Day close could be around 48800. Market will remain tentative.by rudrajit_deb2