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BANK NIFTY TREND TODAY
Date : 31-May-2023
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BANK NIFTY TREND TODAY- 8.45 AM- Today Bank Nifty(spot) Daily Technical Chart pattern indicating Bank nifty closed near upper Bollinger but unable to spread it to make space. In 1 hour chart Bank nifty is in over bought zone. Now calculate false profit booking levels, resistance levels, whole day's trend and range, calculate entry, exit point, unique support and resistance by simply using chapter 3 false level strategy in 1 hour chart from 25th May low as shown in Online Advance technical analysis training. So much before we can know that Bank nifty has space up to 44557 in up trend and support near 44256. So Bank nifty today may open near 44350 and try to move around it to consolidate. Watch if Nifty sustains above 44350 then may bounce back towards 44557 and 44727 but if unable to sustain above 44350 then may slip towards 44256. Now use free and Live Nifty, Bank nifty and stock breakout alerts to learn quickly. Learn how trend can be known much before and how SOR, BOD and BN pattern works in live market with Bank nifty live telegram alert. In case of doubt any body can call to clear doubt. Watch NIFTY TREND TODAY.
Please check your trading skill in below 10 points before taking training.
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|Support & Resistance||
Test today Bank Nifty unique Support and Resistance you can't find any where. Try it
Today Banknifty Support is at 44343, 44256, 44155
Today Banknifty Resistance is at 44557, 44727, 44850
Test Your Trading Skill in below 10 points to evaluate yourself before taking training
1. Are you taking small point in case of profit but waiting for big point in case of loss?( This is because you are unable to know exit point much before)
2. Without reason nothing happens. So before market open are you able to know reason behind each day movement?
3. Are you able to identify break out/break down much before?
4. Are you able to identify false trend or sudden trend change from middle? This false trend traps 95% option traders.
5. Are you able to identify range or sideways move much before to avoid premium and time decay in options?
6. Are you doing a lot of trade in intraday then simply you lack clarity and unable to find clear trend?
7. Are you losing more times and gaining less? Means you don’t have any strategy to protect the principal amount. You can get chance in every hour but if you lose all then without money you can’t trade.
8. Are you taking tips but still losing then do not run behind money. Learn correctly and money would be the by-product.
9. You have seen a lot of YouTube videos and thousand strategies then why still you are losing? You know theoretically but learn how to use it practically? You should rethink and rework on your Technical trading skill.
10. Is trading psychology affecting your trading decision? This is due to less confidence.
Other Important Pages
Today Banknifty strategy for Option Trader
Working professional and housewives generally get less time to trade and due to less patience maximum trader forcefully take trade in wrong technical pattern (Not candle pattern). Here trader can use our 5 min Nifty and Bank nifty break out and breakdown screener alerts where they get alert when FII/DIIs enter and make a Breakout and Break down pattern. This helps to practice in live market and learn quickly to save time. Trainees can find free strategy video in lower section of home page in Trendystock.in and join telegram alerts to apply strategy and learn in live market. Best part is anybody can directly call or WhatsApp me on above number to clear any technical doubts. If you are really interested to learn then I am there any time.
Option trading in Bank nifty is one of the most volatile and profitable trade in stock market. It is volatile so it is favourite of most technical and professional trader. Because they can identify trend and volatile means they will get more points. But new trader or impatient trader compare it to bad luck. New trader trade in Bank nifty for more money in less time using less money. So they get trapped, lose all money and then compare stock market to gambling. If you are thinking like that then you have to relook at your strategy you are implementing in trading. Remember Bank Nifty either moves up (Bullish), moves down(Bearish) or moves in range/sideways. Means maximum three technical pattern (not candle pattern) it will follow. So remembering only 3 technical pattern new traders can learn. Take example- Let’s say Bank nifty is moving up. First know concept why Nifty is moving up? Answer is FII/DIIs or big investors are buying. So there Break out or Bottleneck Bullish pattern will be formed. This type of pattern helps in applying “ZERO to HERO” Option strategy in expiry strategy. Similarly, if they are selling then they will make Break down pattern or Bottleneck bearish pattern. This pattern will show you the trend and where to exit. So in this page you can watch Bank nifty today prediction for whole day and how we are able to know Bank nifty trend today using these patterns. This trend and unique level of today Bank nifty helps traders to take perfect, correct trade and avoid trap. Follow this page every day for Bank nifty trend and unique support and resistance level before 8.45 am to feel how Bank Nifty trend can be known much before.
Support and resistance is the level calculated by using pivot point or indicators using previous day open low high close. It is based on formula. Sometimes you must have seen that Bank nifty moves 600-700 points in one direction. Here it crosses all resistance or support R1, R2, R3 or S1, S2, S3. Then what is the importance of following resistance or support calculated using formula. Remember news and emotions play a major role in deciding trend. Effect of emotion can’t be calculated by indicators or support resistance calculator. So here manual human analysis called Advance Technical Analysis is required. Whenever Bottleneck pattern forms there you will see these kind of movement (see last 10-year chart) and much before you can identify it to get all points safely. Manually extracted Bank Nifty Levels Today updated here you can’t find anywhere and you can feel that in actual market these levels are working. Check for 30 days.
Why People lose money in Bank Nifty Option trading?
In Bank Option trading,95% traders generally get trapped due to 2 reason. First – Range or sideways market which decays the premium and time value. Second- False trend where Bank nifty forms 2 green candle, you enter but suddenly reverse from middle. This traps and hit your stop loss repeatedly. So think can we identify these two pattern much before its formation? Answer is YES. How?
First answer- Simply before formation of Bottleneck pattern (Bullish or Bearish), sideways or range market happens. So you can easily identify it and avoid trap. In our screener alert you can avoid sideways or range market as it gives alert only when breakout forms.
Second Answer- Applying false level strategy you can identify false trend much before formation of 2 green candle and also you can calculate from which level it can reverse. So traders can minimize loss by avoiding trap. In trading if you can’t know trend and identify false trend then it is next to impossible to earn money. Without false level strategy you will see two small profit trade and then a big loss trade. Slowly you will lose your principal amount. This is due to false trend.