BankNifty Levels

Aktualisiert
BankNifty is falling channel now on higher time frame it is still bullish, it has created range of 45200 to 44500 this could consolidate here for a while here before resuming higher side again.Anything above 45100 sustains a 400 points upside move expecting ,Lower side big demand zone is there 44500 to 44300 area look for postive price action here to long.

Important levels to act and trade for Monday
44500,44900,45100 (Areas)
Anmerkung
Opened right at Supply zone 45000 area short 44900 target 44800 to 44700 -44650
Trade ist aktiv
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Trade geschlossen: Ziel wurde erreicht
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Anmerkung
Second Entry at day low 44700 area to long
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Anmerkung
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Anmerkung
As Mentioned in my idea 45100 abvove sustains 400 points upside scope is there
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Anmerkung
400 Points Captured
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Anmerkung
Today 18/07/2023 could be a sideways to bullish move expecting ,Important levels are 45350,45600. Wait for 1 hour to make range then play
Trade ist aktiv
Bank Nifty made double top in 5 mins time frame second top is lower than first went short day high stop loss
.Snapshot
Trade geschlossen: Ziel wurde erreicht
Booked profit at my support level 400 points
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Anmerkung
For Wednesday mark last hour high and low levels which are 45500 and 45300 areas if opens flat breaks any of them will fetch 200 points,Important levles to watch for 45700,45500,45300,45100-45000
Anmerkung
First Entry long as mentioned above in my idea last 1 hr of prior session high entry with stop loss day low kept few points buffer
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Anmerkung
No momentum today
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Scrapping it exiting no momentum 40 points premium loss today
Anmerkung
Tough day for option buyers
Anmerkung
Bank nifty made a narrow range today for expiry range break out above or below play will give nice ride, do not enguage in today range only break out trade will benefit.
Snapshot
Levels marked with arrows above and below for targets
Trade ist aktiv
Breakout out of range ,opened at high of yesterday range made double bottom and held after a doji in 5 mins time frame my entry long
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Trade geschlossen: Ziel wurde erreicht
Target done
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Trade ist aktiv
44700 CE Entry
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Trade geschlossen: Ziel wurde erreicht
44700 CE Exit 150 Points captured
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Anmerkung
All targets acheived above
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Anmerkung
Friday levels to act and trade 46300 and 46000 area, Any reversal from 46300 area play till 46000. Look for positive price at 46000 area to go long again to 46270-46300.
Snapshot
Anmerkung
If breaks the range above or below target for marked arrows in the chart above.
Anmerkung
Failed to go above back into range again of last 1 hour of yesterday ,with Nifty is not supporting entered 3 rd candle below to target 46000 to 45900 area
Snapshot
Trade geschlossen: Ziel wurde erreicht
250 points trade closed
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Anmerkung
Second Entry near 46300 area as mentioned in idea for today
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Anmerkung
Exit near day low 46000 area 210 points
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Closing this idea here will come with new for next week thank you everone who ever supported my idea
Supply and DemandSupport and ResistanceTrend Analysis

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