BANKNIFTY Intraday trade Setup For 24 Dec 2021
Buy-Above 35500
Sl-35400
T-35600 35733
Sell-Below 35000
Sl-35100
T-34900 35650
BANKNIFTY has closed given a dot reversal from our ABCD PRZ.35500 is a supply zone , a candle has to be closed above it. Then only we will plan for our long trade.
Similarly 35000 is a supply zone. Below this we will plan for...
Today will be a gap up opening in banknifty. Expected opening near 35500 level. After opening it will face immediate resistance at 35450 level. In case banknifty gives breakout and starts trading above 35550 level than expected further upside rally of 400-500+ points. Downside possible if banknifty starts trading below 34950 level.
Bank Nifty Trade Plan for 23 DEC 2021 Expiry Trading
Expecting a gap up opening in Bank Nifty around 35350-35400 levels.
If the first 5 min candle open is again taken on the upside then we can expect 35500 resistance to be tested.
After such a gap up opening, any resistance confirmation around 35500-35600 we can possible looking for profit booking and we can...
Do not trade in between 35240 - 34740
Follow trend lines strictlt
Buy Above 35240 for the Targets marked on Chart
Sell below 34740 for the Targets marked on Chart
Make entries only when the price action is suitable respecting to the trendline
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take...
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] #BANKNIFTY PE & CE Levels(23/12/2021)](https://s3.tradingview.com/3/3i1ZCSaq_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(23/12/2021)")
![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)")
