NSE:BANKNIFTY
Observations:
1) On 1 day time frame, after range bound trading on expiry day most of all the trade setup and levels are remaining same.
It is still trading below 10DEMA and 200DMA.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 31-12-2021
1) Don't Jump in to trade at the...
BankNifty opened with a Gap-up above 35300 and remained in the 200-250 points range throughout the day.
Trades we took today -
> Bought BankNifty 35400 PE at 350 which made a high around 430 and Traders booked good profit in this Trade
> Bought BankNifty 35100 CE at 400 which we booked with 40 points loss
> Bought BankNifty 35400 PE again at 380 which made a...
Today will be flat or slightly gap up opening expected in banknifty. After opening if banknifty sustain above 35050 level then expected upside rally. The downside of 400-500+ points possible if banknift starts trading below 34950 level.
Hello Traders,
Strategy to follow :
1. Avoid current weeks expiry.
2. Trade with strict stop loss.
3. Trade with small quantity.
4. Take entries based on Support and Resistance levels.
Please take the trade according to the levels marked, with Stop Loss.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to...
BANKNIFTY still in range since 2 weeks now and there are high chances of BANKNIFTY being trending cause it had been trading in a small range between 35000-35350
Though it tried to break 35000 mark in the last hour but it couldn’t sustain and close below which could confirm the downtrend hence direction is not known
Tomorrow we can again watch the level 35000...
BANKNIFTY Intraday Trade Setup For 30 Dec 2021
Buy-Above 35400
Sl-35300
T-35500 35800
Sell-Below 34890
Sl-34990
T-34715 34535
BANKNIFTY is just consolidating between 35500 and 35000. However 35000 was broken in the last 15 Min. We planned to buy above 35300 the trade went buy after 20 min we got a reversal candle and had to exit cost to cost. And reversed our...
Today will be flat opening expected in banknifty. After opening if banknifty sustain above 35050 level then expected upside movement up to 35450 to 35950+ level. In case banknifty starts trading below 34950 level then there will be downside of 400-500+ points.
Bank Nifty Trade Setup for 29 DEC 2021
Bank Nifty likely to open with a small gap down.
If you get a chance and find the Bearish Reversal getting rejected on opening or CPR taken on the lower side we can possibly expect Bank Nifty to test lower targets and possibly close yesterday gap.
Going long only if PDH is taken on the upside or once the yesterday gap is filled.
Before every analysis I always look after the option chain data for Banknifty. I went to sensibull and just shocked 😱😱.
Option chain data is showing almost 1544 lakhs contracts were sold in 35000-35500 call options. So a big pressure and that's the reason market can't go up or gives closing above 35500 mark.
Again a bear market 😐😐🙄🙄.
Intraday level is given in...
Hello Traders,
Strategy to follow :
1.Sell on Rise near Resistance Level if market Opens Gap Up/Near Resistance Level .
2.Buy on Dips near Support Level if market Opens Flat or Gap Down.
Please take the trade according to the levels marked, with Stop Loss.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to...
BankNifty opened with a Gap-down below our Sell level 34600 and we saw dropped near 34200 zones. BankNifty showed great recovery from lower levels and closed above resistance zone 35050.
Trades we took today -
> Bought BankNifty 34500 PE at 470 which we booked with 50 points loss
> Bought BankNifty 34600 PE at 380 which made a high around 440 and Traders booked...
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 31-12-2021 [ INTRADAY ]](https://s3.tradingview.com/e/EYLj8lvx_mid.png "Simple Trade Setup | BANKNIFTY | 31-12-2021 [ INTRADAY ]")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(30/12/2021)](https://s3.tradingview.com/8/8tYoAOqS_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(30/12/2021)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(29/12/2021)](https://s3.tradingview.com/t/tEgImGCV_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(29/12/2021)")
