BNF 15 min - Next expiryMarket being volatile giving unexpected behaviour in short time frame than the long one. After analysing the price behaviour in long time frame, this picture comes out in my mind, predicting next week price movements. Only observation and no active participation! by LearnaseUpdated 0
BANK-NIFTY TRADING LEVELS FOR 31-05-2024Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.by tony_fx_sm1114
NIFTYBANK: Bulls Last Resort!Central Banks act as lender of last resort, for the markets Bank Nifty acted as last resort. The one and the only sector that kept the colour green and carried it all along. One Index standing against all odds. 1. For the bulls ability to stay above 48350-450, the water line continues to hold hope. A close above 49200 will add more freshness to the rally. 2. For the bears the broader market negative strokes, expectation it is only a matter of time this too will fall remains. The relative graph of this is in favour of the NIFTYBANK, till the gap between these two indices where the fall in NIFTYBANK is more than 2% in relative terms. That is a lot. For the bears, bearish engulfing pattern, yesterdays upper wicks hold hope, but they need close below 48300. For the bulls relative strength and the ability to hold on a day like yesterday offers hope. 48300-49300 is the larger range, break of either next direction. Intra-day Supports 48530-48430-48330 Supply 48780-48900-49100 US Core PCE come tad below, but markets in equity continue drift lower. Pending Home Sales fall larger, Yields soften a little bit. Dollar gives some gains. Keep a watch on our USDINR to get some insights. by sreebhashyam3
BANK NIFTY INTRADAY LEVELS FOR 31 MAY 2024BUY ABOVE - 48860 SL - 48680 TARGETS - 49050,49290,49480 SELL BELOW - 48550 SL - 48680 TARGETS - 48340,48200,48000 N O TRADE ZONE - 48550 to 48860 Previous Day High - 49050 Previous Day Low - 48340 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_JP13
BANK NIFTY S/R for 31/5/24Support 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
@50% retracementBan Nifty is already at it's 50% retracement level and could consolidate and move back up from here. Again as I explained in the Nifty analysis, with a big event looming at the horizon, cautious money might choose to stay out of the market and we will have to see how this affects the indices. by OldMonk130
@50% retracementBan Nifty is already at it's 50% retracement level and could consolidate and move back up from here. Again as I explained in the Nifty analysis, with a big event looming at the horizon, cautious money might choose to stay out of the market and we will have to see how this affects the indices. by OldMonk130
BANK NIFTY S/R for 30/5/24Support 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
BANK-NIFTY TRADING LEVELS FOR 30-05-2024Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.by tony_fx_sm1117
NIFTYBANK: Above Water, below Dar Clouds!The best does the move in leading the worst, that tells the story or sums up the story. While optically, we are near where we should not have been in the first place. The rise past 49200. a classical trap to the bulls than to the bears the trap of 48350 break. Thus, the bulls will be hoping to hold that base, previously the top. With Global Cues, weak, fast faded RBI Dividend story, we all know, come past the elections, prices will move higher, US dollar higher, US yields unfortunately higher than one could have wished for. A close today below 48200 warns deeper move down, (hopefully month end expiry can hold), despite the expiry yesterday, this one fell near the lows. Europe inflation flat, our Money Supply numbers not much of iteration, US Richmond Manufacturing rise, the chorus of no rate cut gets louder, and the whispers of rate hike mount! US GDP later in the day, and we have our own EXIT Polls in the week-end and bigger event ahead. Mangeble size is always less stressed aspect, and this time is no different. Choose what fits your style. Supports 48450-48350-48250 Supply 48780-48980-49150 by sreebhashyam0
BANK NIFTY INTRADAY LEVELS FOR 30 MAY 2024BUY ABOVE - 48660 SL - 48540 TARGETS - 48860,49050,49290 SELL BELOW - 48400 SL - 48660 TARGETS - 48250,48110,47990 NO TRADE ZONE - 48400 to 48660 Previous Day High - 49050 Previous Day Low - 48400 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_JP18
BANKNIFTY: Trading Plan for 30-May-2024 Gap Up Opening: If BANKNIFTY opens above 48,600 and sustains this level for the first trading hour, traders should consider buying with a stop-loss at 48,500, targeting 48,975-49,043. If prices do not sustain the opening level and break the last session's low, expect a drop to 48,272-48,216. Flat Opening: For a flat opening, if prices face resistance at 48,562 and trade lower, targets would be 48,300-48,272-48,216. Conversely, if BANKNIFTY trades above 48,600 and finds support at 48,550, closing any hourly candle above 48,600 without breaking the previous low, it can target 48,757-48,975-49,053. Gap Down Opening: In the event of a gap down opening below 48,450, prices may initially drop to 48,272-48,216 and find support, potentially leading to a bounce back. If support fails and prices drop further, buyers may participate at 48,077-47,914. On the other hand, if prices quickly regain 48,550 and sustain, expect a bounce back towards 48,757 and potential sideways trading, with further targets at 48,975-49,053 above 48,770. Conclusion: Key levels (48,600, 48,562, 48,450) should be monitored closely with adherence to price action signals. Applying stop-loss strategies will help manage risk effectively. Disclaimer: This plan is for educational purposes and should not be considered financial advice. Market conditions can be highly volatile, and traders are encouraged to perform their own analysis and consult with a professional financial advisor before executing any trades.by LiveTradingBox1
#Banknifty:30th May#Banknifty: 30th May Step1: if G/D take long between 48141-48318 S1.Exit -48642-R1 Step2: On Flat open if hourly close sustains 48642 till 2PM get long...else no trade. Step3:if index close between 48021-48116, carry confirmed long...5th June seriesby rudrajit_deb1
BNF expect Reversal from here... So next TGT 49300...So focus on 3&4 June Huge volatility in market now BJP will Win then market will be continue 3 day's going up.Longby StocksINDEX190
BankNifty _ Bearish HarmonicBearish Bat harmonic pattern is visible on the short-term chart. The break above 50,000 will negate the pattern while 48888-48500 can be on cards in the expiry week.by bbrijeshUpdated 3
BNF - 1 hr Bullish Chart View!Good rebound indication given by the market today. Entered into the stream!by LearnaseUpdated 9
BANK-NIFTY TRADING LEVELS FOR 29-05-2024Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.by tony_fx_sm2225
NIFTYBANK: Long on Confidence, Short on Hope!Well, the words could have been swapped, but the confidence took precedence. The break of 48500-700 area, which now becomes the line in sand for the move, and also the make-or-break line. Short term frames, have evening star, three-line bearish engulfing (almost near), broader markets looking weak, overseas cues negative, nothing going in favour. The large bull candle that we printed, the current candle (one may be quick to point is grave stone doji), but would wait for the previous resistance, which is now supported to act. Also, the RED horizontal line falls in between 0.5-0.618% of retracement of the entire fall, holds some importance. The RBI dividend story, somewhat given the eroding knock, but don't think will vanish so quickly. It is rare to see NIFTY going down, when NIFTYBANK is not showing that much bearishness, and those occasions, the fall unfolds in metals, energy or some other sector in tandem, like IT. While stand alone basis this looks much better than many sectors, the breadth has taken a knock. One has to wait and watch how the market unfolds. Support 48850-48680-48550 Supply 49350-49650-49900 by sreebhashyam0
BANKNIFTY: Trading Plan for May 29, 2024 Similar to NIFTY, BANKNIFTY has shown a corrective move but hasn't completed its structure. Here’s the detailed trading plan for Wednesday, May 29, 2024: Gap Up Opening: Opening Above 49200: If BANKNIFTY opens with a gap above 49200 and sustains above 49300 for the first trading hour, it may move towards the 49363-49404 range, where it could encounter initial resistance. Breaking Above 49410: Sustaining above 49410 could lead to a further rise towards 49550. Failure to Sustain: If BANKNIFTY fails to sustain above 49300 and drops below 49100, it may find support at 48945-48880. Trading below 48850 could push it down to 48716-48653, where buying opportunities might emerge with a stop loss at 48600. Flat Opening: Initial Support Range: A flat opening might see BANKNIFTY dropping to the 48945-48880 range for initial support. Trading Below 48830: If BANKNIFTY trades below 48830, look for buying opportunities between 48716-48653 with a stop loss at 48600. Gap Down Opening: Opening Below 48900: If BANKNIFTY opens below 48900, it might initially recover if it regains the 49000 level and trades above 49050. This scenario offers a buying opportunity targeting 49200-49363. Failure to Recover: If BANKNIFTY faces resistance at 48945-48900 and fails to recover, expect further declines towards 48716-48653, presenting another buying opportunity. Conclusion: Pay close attention to how BANKNIFTY reacts to the opening levels to determine the appropriate strategy. Disclaimer: Trading involves significant risk, and traders should conduct thorough analysis and consider their risk tolerance before executing trades.by LiveTradingBox3
BANK NIFTY INTRADAY LEVELS FOR 29 MAY 2024BUY ABOVE - 49290 SL - 49050 TARGETS - 49480,49670,49850 SELL BELOW - 49050 SL - 49290 TARGETS - 48800,48620,48460 NO TRADE ZONE - 49050 to 49290 Previous Day High - 49480 Previous Day Low - 49050 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_JP26
BANK NIFTY S/R for 29/5/24Support 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:29th May#Banknifty:29th May Step1: yesterday and Today's low 49051 & 49044. Thats bottom formation. Step2: Between (48978-48932) S-1 buy long for next series. Step3: R-1 = 49421 Step4: Swing high R-2 = 49907. Fair possibility tomorrow.by rudrajit_deb2
BANKNIFTYimportant level for bank nifty for up upcoming session ., market try create new high the we expected good correction Longby Happymind11