Hello 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...
BANKNIFTY 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...
Understanding trades of bank nifty future for 20.01.2022 (Thursday)
BankNifty 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,...
Understanding trades of Banknifty future for 13.01.2022 (Thursday).
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...
BANKNIFTY 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...
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...
the index points provided next day level banknifty
Understanding trades of banknifty future for 06.01.2022.
BankNifty 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...
BANKNIFTY 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...
For 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...
BUY ABOVE 35050 stoploss 34915 its looking bullish for me
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. ...
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...
Understanding trades of banknifty future for 30.12.2021 (Thursday)
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...