All INDEX key levels for March 18, 2024 #Nifty #BankNiftyAll INDEX key levels for March 18, 2024 #Nifty #BankNifty
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 500 points in BankNifty
Here are the key levels to watch for potential entry and exit points in
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
BANKNIFTY
Review and plan for 18th March 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
NIFTY | BANKNIFTY | NITY IT | SWING TRADING STOCKSIn this video I have analyze few important indices. Nifty, BankNifty and Nifty IT.
Also, in the end i have mentioned two swing trading stocks.
Nifty
I find Nifty is bullish. The previous support is still intact.
BankNifty
I find BankNifty bearish, and can see a fall in BankNifty.
One thing to notice is, Nifty and BankNifty are not working is similar way. Both indices are performing the different way.
Nifty IT
This is the best sector right now. One should look for Nifty IT stocks for good positional entry.
Two swing trading stocks mentioned in the last
1. LTTS
2. CIGNITITEC
BANKNIFTY--Head & Shoulders ??BANKNIFTY index is at important zone of resistance.
price filled the bearish Gap at 48100 levels..
on bottom side price by consolidating above the major trendline, price tested the zone of resistance at 48100.
this is the time to look for bearishness or Bullish continuation.
Price is at Major zone of resistance.. This is one more crucial phase to continue or reversal.
Head ::
Consider the price movement above 47400 as Header section.
Left shoulder ::
Left shoulder is already confirmed at 47400-47200 levels.
Right Shoulder::
wait for the price to form a right shoulder... near the 47200 levels...
Neckline::
Neckline is already located at 45600 levels.
wait for the price to break the neckline or reversal from from neckline and gives us retracement to enter short side by keeping the SL at above the Left shoulder(NOW), also a right shoulder later, just wait for confirmation.
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Until price breaks the left shoulder keep in long side.
If left shoulder will push the price up or Not. so wait for the price reaction at that levels.
BANKNIFTY--Bullish Setup??Bank nifty taken the liquidity below the 47200 levels...
on bottom side we have a strong bullishness observed by breaking the trendline @46800 levels,
now price is on its way to test this zone of support. this is the only zone that can push the
BANKNIFTY further upside...
keep in long side as long as price is above this levels.
on the other hand, IF price failed to breaks the NECKLINE or failed to create the right shoulder price will again test the ATH levels.
this is the only short cut way to reach the ATH again.
Sensex Intraday Setup for Friday 15 March,2024I have posted two charts: the First is to understand the Intraday, and the second is my short-term view. Today is the weekly closing and the day that decides the market trend for next week. 72,500 is the last hope for the Bulls and a very critical zone, so keep an eye on these levels. They can help you play for the maximum today or in the upcoming days.
Intraday Range: 72,900 to 73,400 ( A more comprehensive range and good for the Options sellers who love to sell Options
Long above 73,400 for the target of 73,700/73,900
Short Below: 72,900 for the target to 72,600/72,500
Trade Accordingly
BANK NIFTY INTRADAY LEVELS FOR 15/03/2024BUY ABOVE - 46870
SL - 46690
TARGETS - 47050,47200,47350
SELL BELOW - 46690
SL - 46870
TARGETS - 46450,46300,46100
NO TRADE ZONE - 46690 to 46870
Previous Day High - 47200
Previous Day Low - 46560
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 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(15/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46550 level then possible upside rally of 400-500 points upto 46950 level & this rally can extend another 400 points if market gives breakout 47050 level in todays session.Any Major downside only expected in case banknifty starts trading below 46450 level.also possible Reversal downside 46950 level.
Plan for 15th March 2024Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
All INDEX key levels for March 15, 2024 #Nifty #BankNiftyAll INDEX key levels for March 15, 2024 #Nifty #BankNifty
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 500 points in BankNifty
Here are the key levels to watch for potential entry and exit points in
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
All INDEX key levels for March 14, 2024 #Nifty #BankNiftyAll INDEX key levels for March 13, 2024 #Nifty #BankNifty
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 500 points in BankNifty
Here are the key levels to watch for potential entry and exit points in
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
Reversal Rising Wedge pattern in Banknifty indexBANKNIFTY INDEX
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Banknifty Index Showing Reversal of Rising Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Above 48400+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this Banknifty index can gives strong upside rally upto Above 50670+.
📈 Can Go Long in this Banknifty index by placing a stop loss Below 45720-.
NIFTY INTRADAY LEVELS FOR 14/03/2024BUY - 47200
SL - 47050
TARGETS - 47500,47650,47800
SELL - 46870
SL - 47050
TARGETS - 46750,46560,46450
NO TRADE ZONE - 46870 to 47200
Previous Day High - 47500
Previous Day Low - 46870
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 👍
[INTRADAY] #BANKNIFTY PE & CE Levels(14/03/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 46950 level then possible downside rally of 400-500 points upto 46550 Level & this rally can entend another 400 points if market gives breakdown 46450 level in todays session.Any Major upside only expected in case banknifty starts trading above 47050 level.
#BankNifty #Intraday Setup for 13 March Weekly Expiry The market trend is unpredictable when it's stuck in a range. The index is moving both sides and creating uncertainty, which is the cause of volatility, so be careful during the intraday. Today is bank nifty expiry, and here are the index's essential daily levels.
Intraday Range: 47,500 to 47,170
Long above 47,500 for the target of 47,750/47,800.
Short below 47,170 is also an activation point of the Harmonic ABCD pattern, and its target is 46,800.
Trade Accordingly!
[INTRADAY] #BANKNIFTY PE & CE Levels(13/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 47450 level & this rally can extend another 400 points if market gives breakout 47550 level in todays session.Any Major downside only expected in case banknifty starts trading below 46950 level.also possible Reversal downside 47450 level.
BANK NIFTY INTRADAY LEVELS FOR 13/03/2024BUY ABOVE - 47400
SL - 47230
TARGETS - 47500,47650,47750
SELL BELOW - 47230
SL - 47400
TARGETS - 47080,46900,46750
NO TRADE ZONE - 47210 to 47400
Previous Day High - 47800
Previous Day Low - 46900
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 👍
All INDEX key levels for March 13, 2024 #Nifty #BankNifty
All INDEX key levels for March 13, 2024 #Nifty #BankNifty
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 rise of 500 points in BankNifty
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
Plan for 13th March 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
BANKNIFTY TRADE OPPBANKNIFTY TRADE OPP
As you can see the BANKNIFTY has broken out the h&S neckline.
now we are in retest phase. if it comes to the neckline and find support of neckline we can see a blast upside.
Same structure is observed in the hdfcbank.
this is not in any means a trade/invest advice. pls consult your fa for any buy sell Reco.
thank you.
Top 3 Intraday Trading StrategiesTo get success in intraday trading, requires dedication, hard work, patience, quick wit, and immense knowledge. Successful day trading involves 10% execution and 90% patience.
To gain expertise in day trading and honing trading skills, it takes a fair amount of time. There are a number of Best Intraday trading strategies available for trading, but the success or failure of the strategy completely depends on the market. Maybe one strategy works in today’s market condition but may not work according to the next day’s market condition. Not only, does the movement of the market, but the intraday trading strategy also depends on the trading styles of the trader. It also varies at different times of the day, depending upon how the market is behaving.
Here, in this post, you will find Effective Day Trading Strategies, which you can use for intraday trading.
Intraday Trading Strategy :
1. News Based : News-based trading is the most traditional form of day trading. This type of trader doesn’t focus on the stock price and volume charts, they wait for information that will drive the prices.
The information may come in the form of a company announcement about earnings or new products; a general economic announcement about interest rates or unemployment; or just a lot of rumors about what may or may not be happening in a given industry.
Traders who do good with news-based trading , usually have some understanding and knowledge of the markets. These types of traders are not expert analysts or fundamental researchers, but they have enough knowledge about what kind of news would be in-favor or what would be taken poorly by marketers. They also pay attention to a few different news sources and also whenever they find the right opportunity, they place the order at the right time.
The downside of news trading is that there may be few and far good events; more often, the hype is already built into the price by the time you watch it. Many news traders turn to the scalp while they wait for something to create a little excitement.
Before you start news-based day trading, one thing you should keep in mind is that, this type of trading strategy is very risky as compared to other strategies. It also gives high returns on investment within a day.
2. Gap + B.B. (S20,2): This strategy is useful when the stock/ Index opens Gap Up or Gap Down.
After the gap, the stock shows a potential reversal sign, which can observe by the place of a candlestick or by a heavy volume event. You can fade the action and go in the opposite direction of the gap with a profit target at the start of the gap.
Rules:
Entry between 9:30 to 10:00.
Exit at stop-loss or at 3:25.
Bollinger band strategy is 20,2
30- minute time frame is required.
Big Profits and Small losses.
No need to trade every day.
Helps to stay away from the Sideway market.
Example for Buy Trade:
In this strategy, the stock should be open with Gap up or Gap down.
The First 30-minute candle should be untouched from the lower band.
As you can see in the above image, the first candle opens with a gap down and it is below the lower band.
The high of 1st candle is also untouched by the lower band.
Go for buy trade when the high of 1st 30-minute candle is a break.
Stop-loss = low of the 1st candle.
Example for Sell Trade:
The stock opens with a gap up and the 1st candle’s low is not touched with the upper Bollinger band.
As the low of the first candle is broken, enter in to sell trade.
Put the stop loss at the high of the first candle.
Note: This strategy gives best result for Nifty and Bank Nifty.
3. Morning ORB: The early morning range breakouts are also known as opening range breakouts. It is like bread-butter for many trades. The trading opening range takes skill and practice until you can turn a profit.
The early morning range breakout help traders to take advantage of the violent action from the flurry of buying and selling orders when the market opens.
Trading Range
The first 20 to 30-minute trading range is suitable for an opening range breakout. While you start trading practice using this strategy, it is recommended to start with a very little amount of capital.
The stock you select for the trade should be within a range, which is smaller than the average daily range of the stock. The upper and lower boundaries of the range can be identified by the high and low of the first 30 or 60 minutes.
Early Morning Range Breakout and Volume
The idea for go short on a break below or going long on a break above resistance is not as easy as you think. First, you need to understand the relationship between volume and price.
Volume and Price must be in harmony. When you short or long a stock, which has happed down or gapped up it must open with heavy volume and then retrace on lighter volume (indicating a lack of buying). Which confirms that sellers/buyers are in control.
Volume Is very important for every type of breakout which confirms the breakout before entry. If the stock price breaks the morning Support/resistance level with low volume, there is a high chance of a false breakout.
The image below explained that high volume during a breakout is likely to push price through key resistance.
In this 15- minute chart, you see that after a break of early morning resistance with high volume, the price starts increasing.
Volume is very tricky so you need to be able to predict the support/resistance levels accurately in order to find out good volume breakouts and set proper profit targets.
Disclaimer: The Intraday Trading Strategies discussed in this post is for education purpose only. We are not responsible for any Profit or Loss you made using these strategies. We hope that you like our blog post on Intraday Trading Strategies.
All INDEX key levels for March 12, 2024 #Nifty #BankNifty Stay ahead of the curve with our daily Bank Nifty key levels!
All INDEX key levels for March 12, 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 300 points in BankNifty
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