Bank Nifty-20/01/2022-ReportHello Traders,
BANK-NIFTY@20/01/2022
-------------------------------
Opened as a Gap-Up, above our IMP-Zone. Market was broken IMP-Zone and went to Support-Zone then reversed. Again went to near our IMP-Zone and reversed. Market was broken Support and D-B Zones and took the support at S@1. finally closed above Support.
Please do share your thoughts in comment section.
Please hit a LIKE , it motivates me to do analysis and do share with your trading friends.
Bankniftyexpiry
Banknifty Intraday Levels Analysis, Weekly Expiry, 20 JanHello Traders,
Strategy to follow :
1.Sell on Rise near Resistance Level if market Opens Gap Up/Near Resistance Level 38200.
2.Buy on Dips near Support Level if market Opens Gap Down near 37800 or 37500.
3. For safe traders, buy above trend line and Sell below trend line .
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 share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
BANKNIFTY Intraday Trade Setup For 20 Jan 2022BANKNIFTY Intraday Trade Setup For 20 Jan 2022
Buy-Above 38200
Sl-38100
T-38370
Sell-Below 37770
Sl-37870
T-37540 37350
BANKNIFTY as discussed yesterday that we will sell below 38090, it gave 200 points profit in the 1st 15 min only. After that index gave a bounce and once again our sell level was breached and index fell once again 300 points.
We will avoid buying as of now. We prefer selling with full exposure. If index gives a 15 min candle close above 38180 then we will buy for about 180 points.
The best trade will be if index opens flat and crosses today's low 37770 then we will short for the target of 37500 and 37300.
A big gap or gap down will create volatility and end the expiry in range. Live market price action will be important in case of big gap or gap down.
BankNifty Expiry Trade Setup | 13th January 2022BankNifty opened with a Gap-up above 38700 and after some consolidation, we saw a follow-up upmove towards 38850. It was a range-bound day so not much opportunity for Option Buyers.
Trades we took today -
> Bought BankNifty 38900 PE at 350 which went above 400 but only a few Traders could take the position as it moved fast
> Bought BankNifty 38400 CE at 440, added more at 400 which went above our 2nd Target 510 and Traders booked good profit in this Trade
> Bought BankNifty 39000 PE at 340 which went near to 500 and Traders booked good profit in this Trade
Overall, a BankNifty Option Buyers booked a small profit on a choppy day.
BankNifty was taking support at 38600, if support breaks tomorrow we may see a fast move.
Expectations for Tomorrow: Range-bound Day, Volatality after 12:20 PM.
Intraday Levels:
Buy Above 38810
Sell Below 38600
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 13-01-2022 [ INTRADAY ]NSE:BANKNIFTY
Trade Setup for 13-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BANKNIFTY Intraday Trade Setup For 10 Dec 2022BANKNIFTY Intraday Trade Setup For 10 Dec 2022
Buy-Above 37850
Sl-37750
T-38100 38300 38550
Sell-Below 37400
Sl-37500
T-37200 37000
On Friday we discussed that index may trade between 38000 and 37000. But BANKNIFTY tried to break the upper range but eventually came down and it is once again in the range of 38000 and 37000.
No aggressive short position as of now. Till we get price action below 37000 for a short trade.
While we will buy above from two levels- one above 35200 and second above 37850.
38550 will be tested if index sustains above 38200.
Simple Trade Setup | BANKNIFTY | 06-01-2022 [ INTRADAY ]NSE:BANKNIFTY
Trade Setup for 06-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BankNifty Expiry Trade Setup | 30th DecemberBankNifty opened flat today, it went down towards 35050 zones which provided support and we saw a great bounce towards the 35350 zones.
Trades we took today -
> Bought BankNifty 35000 CE at 280 which made a high above 400 and Traders booked great profit in this Trade
> Bought BankNifty 35500 PE at 370 which we booked with 40 points loss
> Bought BankNifty 35400 PE at 440 which made a high above 600 and Traders booked great profit in this Trade
> Bought BankNifty 35000 CE 6th Jan at 610 which we booked at cost due to slow movement
> Bought BankNifty 35600 PE at 430 which made a high above 500 and Traders booked good profit in this Trade
Overall, a Great day for BankNifty Option Buyers.
Tomorrow if BankNifty breaks 34900 on the downside, we can see a fast down move.
Expectations for Tomorrow: Range-bound Day, Volatility after 1:30 PM.
Intraday Levels:
Buy Above 35250
Sell Below 34900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANKNIFTY Intraday Trade Setup For 31 Dec 2021BANKNIFTY Intraday Trade Setup For 31 Dec 2021
Buy-Above 35400
Sl-35300
T-35500
Sell-Below 34750
Sl-34850
T-34550
BANKNIFTY is just trading sideways at 35000.It is just consolidating. Till we get a range breakout of the hourly range.
Hourly range is 35500 and 35000
Now 35000 has to be closed in daily TF.
Position Size should be less in this zone. As No clear direction is there.
Bank Nifty-30/12/2021For Learning purpose only(take entry's after your own analysis)
-----------------------------------------------------------------------------
Gap-Up : Above Resistance(BUY) - Important BO(SELL)
Flat : Support of Resistance(BUY) - PDL BO(SELL)
Gap-Down : Support of Important(BUY) - PDL Resistance(SELL)
----------------------------------
Happy Learning and Trading.
----------------------------------
Simple Trade Setup | BANKNIFTY | 30-12-2021[INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1 day time frame, it closed just above the low of previous day. Which was at 35037.
If it gets support from this level then it can bounce back again and if it failed to hold this then it can give fall.
And it is still trading below 10EMA and 200DMA.
Please refer below chart : 1 day Time Frame.
-------------------------------------
Trade Setup for Date: 30-12-2021
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Banknifty Intraday Levels Analysis, 30th Dec Monthly Expiry 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 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.
Could BANKNIFTY be trending this monthly expiry..?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 and wait it to sustain below for 200-300 points downfall
On the hand the gap is still pending above and hence if breaks above we can better rally if 35350 mark is broken out and sustains above
BANKNIFTY Intraday Trade Setup For 30 Dec 2021BANKNIFTY 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 position there.
Coming to tomorrow's Monthly Expiry trade setup - we will plan to short below 35000 if we get a 15 candle close below that. However momentum short will be below 34890 i.e today's low. For buying need closing above 35400, above which 35500 is hourly resistance.
Above 35500 short covering move will come. If 35500 is breached then will target 200-300 points in the upside.
Tomorrow is Monthly Expiry so volatility will be there.
BANKNIFTY Intraday Trade Setup For 28 Dec 2021BANKNIFTY Intraday Trade Setup For 28 Dec 2021
Buy-Above 35150
Sl-35050
T-37400 37500
Sell-Below 34900
Sl-35000
T-34800 34700
BANKNIFTY has closed in positive note today.
No aggressive selling can be planned here. We will plan for sell below 34500 only. We need a 15 Min candle close below 34500 then we will short aggressively.
Otherwise no aggressive buy is recommended tomorrow.
One can avoid shorting till the lower range is breached in daily TF.
35500 will act as an resistance so we will book our profits there after we will long above 35150 tomorrow.
35500 is the hourly range high above this index can show good upside momentum till 36385 in the coming days.
Index is making a bottom here.
This bullish view is valid till the daily low is not breached.