Bank Nifty Future Tips for Today

The bank nifty future trading is one of the most popular index tradings in the market. It has been rising consistently since its inception and has taken investors by surprise. This article will guide you through all aspects of this Bank nifty future and help you make money from it! 

Bank Nifty options expiry occurs on every Thursday and provides an opportunity to make a quick buck from the market by utilizing a small capital. The Bank Nifty Future is one of the best weekly options. It can be traded at any time during its session and it gives you an opportunity to make money from day to day. You can trade any option on this index like call, put or even combination for better profits in your investment portfolio.

The FIIs sold 3000 Crores yesterday which means that instead of the pre-budget rally, we might be seeing a pre-budget sell-off, and thus it is better to keep away for the time being and let the market settle down. As a strategy for today, we will be picking an uptrend in the morning first 5-10 min, capturing our profit and moving out quickly and relaxing for the balance of the day and watching the market from the sidelines.

BankNifty Spot View For 05/01/2023
Cmp: 42958.80
Support & Downside Range: 42858—42833 zone, 42489--42300
Resistance & Upside Range: 43188—43300—43375 zone, 43580
Short-Term Trend Reversal Level: --

Bank Nifty Future Tips

Trading View: In today's weekly expiry session key level to watch is the 43188 spot resistance after opening if bulls are unable to break and sustain above it then we may see again selling pressure to build in the market whereas downside key support to watch is 42858 which is yesterday's low and 42833 which is a previous swing low if bank index starts trading below this zone of 42858—42833 then there is no big support as such till 42489 spot zone if bank nifty manage to trade above 43188 spot after 2.30 pm then we have chance to see some short covering towards 43300—43375 spot zone.

Make money using our Bank Nifty Future tips on a daily basis and start trading smartly.

CRUDEOIL yesterday gave a close with a big bearish candle around 6122, and yesterday it gave a 

breakdown below 6350. On the upside, it has intraday immediate resistance around 6300, while below 6100 it may head toward 6000–5900 below.

Trading Gyan for the Day

No Trader, whoever succeeded, did so because they learned to beat the market. They did so because they learned to beat themselves. Only when you learn to do that, will you consistently be able to beat the market. Make 2023 the year you learn to do that.

Do remember to check our banknifty future tips and start trading like a pro trader.

Way to Place order

Set up the trade by entering the maximum number of contracts you wish to open and then click on “Start Trade” button. Give it a few seconds, and place your order accordingly. The system will give you an opportunity to review your orders before the execution takes place. If there are any changes required after reviewing them, then go ahead with them by clicking on the “Edit Orders” button present in the screen where all necessary information regarding each order is displayed clearly so that one can easily understand what needs updating or modifying further down the line;

Once done with those two steps mentioned above, proceed towards placing another order if applicable at this stage itself since market conditions may change between placing the initial one and subsequent ones without giving enough time for this process which may result in losing out big money due to lackadaisical approach taken earlier when opening positions only after receiving confirmation from the broker (broker will send back confirmation mail if required).

The bank nifty future is a financial instrument that can be used by investors to gain profits. It allows you to make money without having to worry about whether the market will go up or down because it’s based on the assumption that banks will continue making loans and pay interest on them and thus banks will keep growing and if you look for long term view then you can go for LEAPS which is long term options.

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