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BANKNIFTY Intraday Trade Setup For 1 Jul 2024BANKNIFTY Intraday Trade Setup For 1 Jul 2024 Bullish-Above 52750 Invalid-Below 52640 T- 53250 Bearish-Below 52240 Invalid-Above 52350 T- 51645 BANKNIFTY has closed on a bullish note with 1.32% gain last week. In the last two days out of 5 sessions it turned slight bearish or can call this a profit booking. Also I alerted 27 Jun EOD that there is a possibility of reversal in case it trades below 52600. It got triggered and now this downside move will be neglected only when it make a bullish price structure in 15 Min TF. 52750 and 52240 will be trigger levels for tomorrow's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 52750 then we will long for the target of 53250. For selling we need a 15 Min candle close below 52240. T- 51645. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
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NSE:BANKNIFTY
by Omahto
3
BANKNIFTY Intraday Trade Setup For 15 May 2024BANKNIFTY Intraday Trade Setup For 15 May 2024 Bullish-Above 47950 Invalid-Below 47840 T- 48511 49050 Bearish-Below 47600 Invalid-Above 47710 T- 47000 BANKNIFTY has closed on a slight bullish note with 0.22% gain today. It was total consolidation day, index traded between 47900 and 47600 for the whole day. Nothing triggered as per trade setup today. It has regained 50 EMA in daily TF. In the weekend we discussed in detail about the possibility of halt or reversal of the downmove due to the confluence of the 50 EMA and an inverted hammer on it in daily TF. 48000 will be an important short covering level. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47950 then we will long for the target of 48510. For selling we need a 15 Min candle close below 47600. T- 47000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 19 Feb 2024BANKNIFTY Intraday Trade Setup For 19 Feb 2024 Bullish-Above 46710 Invalid-Below 46600 T- 47270 47760 Bearish-Below 46250 Invalid-Above 46360 T- 45700 BANKNIFTY has closed on a bullish note last week with 1.64% gain. Looking at the weekly setup index looks ready for a bullish move, confirmation above last swing high 46900. Coming to daily TF index has failed to close above 46600, rejected 4 times. Now if a daily candle closes above 46600 then we will try to initiate a bullish trade. On Friday it formed a shooting star candle so below 46250 we can see some down move which can be the pullback before the daily TF breakout above 46600. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46710 then we will long for the target of 47270 and 47760. For selling we need a 15 Min candle close below 46250. T- 45700. A strong support can be found near 45650. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 16 May 2023BANKNIFTY Intraday Trade Setup For 16 May 2023 Sell_1- Below 43390 Sl-43495 T- 43185 42970 Sell_2- From 43820 Sl-43925 T- 43607 43400 BANKNIFTY has closed on a bearish note with 1.24% cut today. It opened flat and sell triggered @43950. It was a perfect and dot level as fall started from this level. This gave a non-stop fall till 43400. Trade gave550 points, it was a great RR trade (1:5). Also it was mentioned in the weekend level that 43930 is the activation level of the rising wedge pattern. It was a very strong level which we picked. It was said that it will be considered and activated in hourly TF, candle closed and we enjoyed a free fall. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 43390 then we will short. T- 43185 and 42970. 2nd sell level is from 43820 in case of a gap up. T- 43607 and 43400. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 12 Jun 2023BANKNIFTY Intraday Trade Setup For 12 Jun 2023 Buy-Above 44070 Sl-43965 T- 44288 44510 Sell-Below 43930 Sl- 44035 T- 43690 43290 BANKNIFTY has closed on with neutral gains last week but the sentiment was slightly bearish. It has formed a shooting star candle in daily and weekly TF both. Last week we discussed that index is inside the rising wedge pattern in hourly TF. Last week we gave a breakout of the pattern. Now below 43930 it will be active. Will trail till it makes a proper reversal structure in hourly TF. 43230 is important in the upside in case it reverses. High probability trade is in down side tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44070 then we will long for the target of 44288 and 44510. For selling we need a 15 Min candle close below 43930. T- 43690 and 43490. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 22 Feb 2023BANKNIFTY Intraday Trade Setup For 22 Feb 2023 Buy-Above 40785 Sl-40675 T-41000 41160 Sell-Below 40500 Sl-40610 T-40335 40160 39955 BANKNIFTY has closed on a flat note with just 28 points cut. It opened almost flat and then took support from PDL and round level by forming two consecutive hammers. After double hammer triggered it triggered. Buy triggered above 40765 and hit 1st target. This trade gave more than 160 points gain. Later it just consolidated in the 2nd half. We will use that range to build our trade setup. In case of a gap down tomorrow sentiment of the 1st 15 Min candle will be important to watch. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 40785 then we will long for the target of 41000 and 41160. For selling we need a 15 min candle close below 40500. T- 40335, 40160 and 39955. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
5
Just think about those didn't follow my analysis yesterday🤣🤣Yesterday i told that my long position is still active which i analyzed day before yesterday now think who didn't care about my analysis. I am holding my position today also but booked half quantity as 70% target achieved. So guys trade with my analysis to be smart retailer not normal retailer whom are always trapped. But remember consistency with risk managment is the only key of success in market no luck will work and Market is supreme.
NSE:BANKNIFTYLong
by pn202377
BANKNIFTY Intraday Trade Setup For 13 Dec 2022BANKNIFTY Intraday Trade Setup For 13 Dec 2022 Buy-Above 43770 Sl-43660 T-43965 44160 Sell-Below 43580 Sl-43690 T-43400 43050 BANKNIFTY has closed on a flat to slight positive sentiment. An inside candle has been formed in daily TF. Important level for a downside structure is 43350. Below this chances of a negative price action building is possible. If it sustains above today's high then we will hit psychological level of 44k. Nothing triggered as per trade setup today. Also 10 o'clock range was intact. We saw good moves in the 1st 1 hour then total sideways. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43770 then we will long for the target of 43965-44k. 2nd target will be 44160. For selling we need a 15 Min candle close below 43580. Target will be 43400. Below 43360 we will hit 43050-43k. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 18 Oct 2022BANKNIFTY Intraday Trade Setup For 18 Oct 2022 Buy-Above 39975 Sl-39865 T- 40150 40300 40530 Sell-Below 39780 Sl-39890 T-39600 39400 39150 BANKNIFTY has closed on a positive note with 1.56% gain. In the weekend we discussed about the range which was 39610 and 38430 , above and below we planned for a directional move. Today the range has been broken @ 39610 and sustained , now trail sl to cost as and keep strict trailing in 15 Min TF to ride the up move. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39975 then we will long for the target of 40150 and 40300. Book max here and trail strictly to ride any further up move. For selling we need a 15 Min candle close below 39780. Post breakdown our target will be 39600. Below 39600 if sustained then we will hit 39400 and 39150. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Analysis/Prediction for tomorrow's expiry 29-09-2022NSE:BANKNIFTY Analysis/Prediction for tomorrow's expiry 29-09-2022 For Flat/Gap-UP/Gap-Down Opening 🟢 Buy CE above 38012 ✔️ Target Should be 38350 🔴 Buy PE below 37510 ✔️ Target Should be 37050 Note: 🚨 Gap-UP & Gap-Down more than 200 points wait for price action. 🚨 Gap-UP & Gap-Down up-to 100 points wait for a pullback. ⚠️ Wait for the 5-minute candle to close for confirmation. ⚠️ Trade Like Either SL or Target. ⚠️ Important: Always maintain your Risk & Reward Ratio. Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
NSE:BANKNIFTY
by TheTechNifty
BANKNIFTY Intraday trade Setup For 16 Sep 2022BANKNIFTY Intraday trade Setup For 16 Sep 2022 Buy-Above 41525 Sl-41415 T-41763 42027 Sell-Below 41150 Sl-41265 T-40843 40465 BANKNIFTY has closed on a negative note today with almost 0.5% gain. Today it made a fresh ATH. Last day we planned to buy above 41630. It gave more than 200 points gain and hit ATH then took resistance and fell. It has made a shooting star candle and closed near day low. Below today's low we can expect a profit booking. Important resistance now is 41850. Swings will be bigger in intraday for some time, so trade with caution. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 41150 then we will short for the target of 40843 and 40465. Always trail with RR management as swings will be bigger. For buying we need a 15 Min candle close above 41525. Upside target will be near 41763-41800. Above 41850 we will hit 42027. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 1 Jun 2022BANKNIFTY Intraday Trade Setup For 1 Jun 2022 Buy-Above 35900 Sl-35780 T-36000 36300 Sell-Below 35280 Sl-35400 T-35075 34800 BANKNIFTY has given a follow up below yesterday's shooting star candle. We planned to sell below 35750, but it opened with a decent gap down. The 10 o'clock range broke upside above 35715 and gave a move till 35880. Then below our sell level triggered and index fell till 35300. Coming to tomorrow's trade setup, if a 15 min candle closes below 35300. Below that candle's low we will short for the target of 35075 and 34800. Book max near 34800 a hourly support and intraday PRZ is placed here. 2nd sell positioned can be created from 35700 in case this level is tested in the 1st 1 hour. For buying we need a 15 Min candle close above 35900. Target will be 36000. Above 36100 next rally will come. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Resistance- 35700-50 Intraday Support-34800 Hourly Resistance- 36700 Hourly Support- 34100
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 17 Feb 2022BANKNIFTY Intraday Trade Setup For 17 Feb 2022 Buy-Above 38200 Sl-38300 T-38400 38600 38900 Sell-Below 37750 Sl-37850 T-37575 37300 BANKNIFTY has traded in a broader range today. Today's trading range was almost 700 points. Also it has made a complete range between 38460 and 37760. Today's high and low will be the main trigger for any directional move either side. Since it has closed near the lower range. So if a 15 Min candle closes below 37830 and 37750 is crossed then we will sell for the target of 37575 and 37300. 37575 can give a bounce so book profits there or trail to the last swing to ride it if it fall till 37300. For buying a aggressive scalp trade can be done above 38200 only. However direction move will come above 38500 only. We will buy above 38200 for the target of 38400. And if 38500 is sustained then we will ride that move till 38600 and 38925. In case of a big gap up or gap down we will wait till 10 o'clock and trade that range breakout or breakdown.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 15 Feb 2022BANKNIFTY Intraday Trade Setup For 15 Feb 2022 Buy- None Sell-Below 36800 Sl-36900 T-36550 36375 36200 BANKNIFTY has formed a big bearish candle in daily TF. It fell more than 1600 points today. However half of the fall is contributed from gap down opening. No previous high was tested in 15 TF. It made a triangle till 2 o'clock. It fell from 37200 to till 36830 after the breakdown. It is sell on rise. No buying as of now. The best and ideal trade will be in short side. If index opens flat and crosses 38800. We will sell for the target of 36550 and 36400. Below 36300 index is likely to hit 35550 level in coming days. If index opens big gap down once again then we have o wait till 10 o'clock and trade that range breakout or breakdown. Same goes in case of a big bap up also. Ideal trade will be on sell side with flat opening.
NSE:BANKNIFTY
by Omahto
2
Banknifty Intraday Levels Analysis, 8th NOVHello Traders, I hope you all had Great and Happy Diwali. Strategy to follow : Sell on Rise i.e buy Put when market faces Resistance Level. Please trade accordingly the levels marked. This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market. I hope you all like my analysis. Please do share your thoughts into comment section. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTYShort
by kiranrshinde