BankNifty opened with a big Gap-up above our Buy Level 34550 as expected and faced resistance at the 34950 zones in the morning. BankNifty was showing strength and able to cross 35000 level but we saw sharp selling from higher levels in the second half.
Trades we took today -
> Bought BankNifty 35000 PE at 340 which made a high above 500 and Traders booked great...
BANKNIFTY Intraday Trade Setup For 23 Dec 2021
Buy-Above 35120
Sl-35000
T-35300 35500
Sell-Below 34800
Sl-34900
T-34600 34400
BANKNIFTY has closed in a Positive Note above 35000. This breakout came in the last hour which is also good. Generally 2nd Half breakouts are most sustainable and trustable.
We are simply going to buy above today's high. But if it fails...
In continuation of our earlier view on Nifty and Bank nifty so far are inline with moves expected and still in trade, Now we are again having an opportunity to initiate sell trade in both Indices before we reach at Wave ((C)) black in both the indices to complete the corrective move started from 19-OCt.
once we are done we will be initiating BUY trade for...
Today will be flat or slightly gap up opening in banknifty. After opening if banknifty sustain above 34550 level then possible upside movement up to 34950 level. 34950 will act as an immediate upside resistance in today's session. Any strong upside movement only possible above 35050 level. Downside possible if banknifty not sustain above levels and starts trading...
Hello Traders,
Strategy to follow :
1.Sell on Rise near Resistance Level if market Opens Gap Up.
2.Buy on Dips near Support Level if market Opens Flat .
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 learn trading in Market.
I hope...
BankNifty opened with Gap-down below the last support zone 35300 due to weak Global Cues and we saw panic selling in the morning which came to BankNifty near to 34000 level and took support in this zone.
Trades we took today -
> Bought BankNifty 35000 CE at 290 which we booked with 50 points loss
> Bought BankNifty 34400 PE at 400 which we booked at a cost due...
We have completed 5 Wave move Up since Covid Fall and now in making of 5-3-5 Corrective pattern ((A)) ((B)) ((C)).
Its too Early to confirm Connector ((B)) is completed however assuming it is done, we can now expect making of wave ((C)) Black is in process and we can have entry planned @ 31080 Level with target to en-cash Next Up move of Wave III red.
Trade Plan...
BANKNIFTY Intraday Trade Setup For 22 Dec 2021
Buy- None
Sell-Below 34380
Sl-34480
T-34050
BANKNIFTY is tradable with live market dat only if there is big gap up or gap down.
If opens flat and crosses today's low then we will short simply and will book our profits near 34050-34100.
If index breaches 34000 and 34900 then a big fall will be seen in intraday....
*for education purpose only
daily chart of bank nifty futures
it is quite clear that the selling hadn't stopped until yesterday. the last candle made on 20th Dec 2021, yesterday looks like a sell zone.
markets are opening with a big gap today but doesn't look like it will cross above 37150.00 zone and sustain there. I will not be changing my view of 1. sell on...
Today will be a gap up opening in banknifty. Expected opening near 35000 level and after opening if banknifty starts trading above 35050 level then expected upside movement up to 35450 level. Below 34950 there will be a weakness in banknifty and a possible downside towards yesterday's low. Downside 34550 will act as an intermediate support level. Once banknifty...
Hello Traders,
Strategy to follow : Sell on Rise near Resistance Level and (Quick) Buy on Dips near Support Level .
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 learn trading in Market.
I hope you all like my analysis.
Please do...
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(22/12/2021)](https://s3.tradingview.com/h/hoIBapem_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(22/12/2021)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(21/12/2021)](https://s3.tradingview.com/o/OV1KRFop_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(21/12/2021)")
