BANKNIFTY Intraday Trade Setup For 3 Oct 2024BANKNIFTY Intraday Trade Setup For 3 Oct 2024
Bullish-Above 53250
Invalid-Below 53140
T- 53850
Bearish-Below 52800
Invalid-Above 52910
T- 52200
BANKNIFTY has closed on a slight bearish note last day with 0.1% cut. Index may give a bounce only if there is a gap up and 10 o'clock range breaks in the upside or else it will be a sell on rise market. Best trade looks in the downside below 52800 on a flat opening. Next important confluence looks near 52170-200 zone as per ABCD plotted.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 53250 then we will long for the target of 53850.
For selling we need a 15 Min candle close below 52800. T- 52200.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bankniftyforecast
BANKNIFTY Intraday Trade Setup For 30 Sep 2024BANKNIFTY Intraday Trade Setup For 30 Sep 2024
Sell_1- From 54250
Invalid-Above 54360
T- 53800
Sell_2-Below 53700
Invalid-Above 53810
T- 53200
BANKNIFTY has closed on a flat note with bearish sentiment last week. It was sideways to slight bullish but on last day whole 500 points gain eroded, week ended near lows. It has formed shooting star in weekly TF which is a potential indication of profit booking. Below 53700 bearish stance can be seen. 53300 is CIP zone in daily TF.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 53700 then we will short for the target of 53200.
In case of pullback towards 54250 we can short from there for the target of 53800.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 26 Sep 2024BANKNIFTY Intraday Trade Setup For 26 Sep 2024
Bullish-Above 54250
Invalid-Below 54140
T- 54765
Bearish-Below 53780
Invalid-Above 53890
T- 53370
BANKNIFTY has closed on a slight bullish note with 0.25% gain. It opened with slight gap down and recovered in the 1st 15 Min and then it as sideways to extreme. Yesterday itself we discussed that one should keep non-directional approach as it looks more of a sideways than parabolic. 54250 an 53790 are intra levels for tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 54250 then we will long for the target of 54765.
For selling we need a 15 Min candle close below 53780. T- 53370.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 25 Sep 2024BANKNIFTY Intraday Trade Setup For 25 Sep 2024
Bullish-Above 54250
Invalid-Below 54140
T- 54765
Bearish-Below 53900
Invalid-Above 54010
T- 53370
BANKNIFTY has closed on a slight bearish note with 0.25% cut today. However bearish sentiment will confirm when it will close below PDL in daily TF. Below 53900 there is chance of dip towards 53370 zone. As per its behaviour after a rally it turns sideways so be cautious for any huge exposure in directional approach as of now. Above 54250 index can hit 54800 zone.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 54250 then we will long for the target of 54765.
For selling we need a 15 Min candle close below 53900. T- 53370.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 24 Sep 2024BANKNIFTY Intraday Trade Setup For 24 Sep 2024
Bullish-Above 54200
Invalid-Below 54090
T- 54764
Bearish-Below 53740
Invalid-Above 53850
T- 53200
BANKNIFTY has closed on a bullish note with 0.58% gain today. It was firmly bullish since opening, however free float move came above 54k. There can be continuation of bullish move above 54200 post pullback breakout. Next confluence zone seems to be 54800. Below 53740 profit booking can be triggered. Overall buy on dips with bullish reversal structures in intraday.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 54200 then we will long for the target of 54764.
For selling we need a 15 Min candle close below 53740. T- 53200.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 4 Sep 2024BANKNIFTY Intraday Trade Setup For 4 Sep 2024
Bullish-Above 51750
Invalid-Below 51640
T- 52260
Bearish-Below 51250
Invalid-Above 51360
T- 50735
BANKNIFTY has closed on a bullish note with 0.49% gain today. After 2 days of complete rangebound market it gave a breakout in the bullish side today. In the weekend itself we discussed that index is heading towards 52k zone after breakout of 50800 in daily TF. Tomorrow 52k can be achieved after that one should trail to ride till 52260 zone. Downside level looks a bit far so maintain non-directional approach between 51800 and 51250.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 51750 then we will long for the target of 52260.
For selling we need a 15 Min candle close below 51250. T- 50735.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 3 Sep 2024BANKNIFTY Intraday Trade Setup For 3 Sep 2024
Bullish-Above 51600
Invalid-Below 51490
T- 52000+
Bearish-Below 51250
Invalid-Above 51360
T- 50735
BANKNIFTY has closed on a flat note once again with slight gain of 0.17% gain today. Index is just sideways with spikes. Till now index has not gained momentum. It is just momentum less. VIX needs to rise above 15 or else it will become hell for directional traders. 51600 and 51250 are intraday levels for tomorrow.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 51600 then we will long for the target of 52k+.
For selling we need a 15 Min candle close below 51250. T- 50735.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 30 Aug 2024BANKNIFTY Intraday Trade Setup For 30 Aug 2024
Bullish-Above 51410
Invalid-Below 51300
T- 51960
Bearish-Below 50930
Invalid-Above 50040
T- 50390
BANKNIFTY has closed once again on a flat note. It was clearly that we will keep non-directional approach inside our buy sell levels. Outlook worked but today was volatile one inside range. Since last 3 sessions index is stuck between 51400 and 50900. Breakout needed for a directional view or else will keep non-directional approach till breakout happens.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 51410 then we will long for the target of 51960.
For selling we need a 15 Min candle close below 50930. T- 50390.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 29 Aug 2024BANKNIFTY Intraday Trade Setup For 29 Aug 2024
Bullish-Above 51410
Invalid-Below 51300
T- 51960
Bearish-Below 50920
Invalid-Above 51030
T- 50390
BANKNIFTY has closed on a slight bearish note with 0.26% cut today. Nothing triggered as per trade setup and made an inside candle in daily TF. Inside candle is a sign of contraction and after this it is likely to give directional move. Key levels will be 51410 and 50920, high and low of the mother candle. Most likely it is going to trigger downside. In between keep non-directional approach.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 51410 then we will long for the target of 51960.
For selling we need a 15 Min candle close below 50930. T- 50390.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 28 Aug 2024BANKNIFTY Intraday Trade Setup For 28 Aug 2024
Bullish-Above 51410
Invalid-Below 51300
T- 51950+
Bearish-Below 50930
Invalid-Above 51040
T- 50390
BANKNIFTY has closed on a slight bullish note with 0.26% gain today. It has formed a Pinbar candle in daily TF. In the weekend we discussed that index looks sideways to bullish as it gave range breakout above 50800 last week. Since its a Pinbar candle in daily TF we can expect some bullish move above today's high tomorrow. For selling we need a key level and that seems to be 50930.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 51410 then we will long for the target of 51950+.
For selling we need a 15 Min candle close below 50930. T- 50390.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 23 Aug 2024BANKNIFTY Intraday Trade Setup For 23 Aug 2024
Bullish-Above 51090
Invalid-Below 50980
T- 51610
Bearish-Below 50780
Invalid-Above 50890
T- 50300
BANKNIFTY has closed on a bullish note with 0.59% gain today. Buy triggered as per yesterday's trade setup above 50810 and made a high of 51080 near previous swing high. Finally index has made a range shift in daily TF, range was 50800 and 49700. Index is approaching 52k zone in the coming days. 51090 and 50790 are intra levels for tomorrow.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 51090 then we will long for the target of 51610.
For selling we need a 15 Min candle close below 50780. T- 50290.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 22 Aug 2024BANKNIFTY Intraday Trade Setup For 22 Aug 2024
Bullish-Above 50810
Invalid-Below 50700
T- 51515
Bearish-Below 50300
Invalid-Above 50410
T- 49650
BANKNIFTY has closed with a slight cut of 0.23% today but on a positive note as it has formed a Pinbar candle and closed near day high. 50810 looks like an important level for a bullish trigger as bulls may give breakout in daily TF. Daily TF range of 50800 and 49700 is still intact, time for a range shift now. 51k and 50300 will be key level for tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 50810 then we will long for the target of 51515.
For selling we need a 15 Min candle close below 50300. T- 49650.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 16 Aug 2024BANKNIFTY Intraday Trade Setup For 16 Aug 2024
Bullish-Above 49960
Invalid-Below 49850
T- 50415
Bearish-Below 49650
Invalid-Above 49760
T- 48900
BANKNIFTY has closed on a slight bearish note with 0.21% cut today. On Wednesday it was total sideways. Daily candle is more or less a spinning top, now weather it can spin the ongoing trend on the last day of the week is to be watched. If 50k is reclaimed then there is fair chance of a pullback/ up move. Below 49650 index will breakout hourly range and a big length fall will be on card.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 49960 then we will long for the target of 50415.
For selling we need a 15 Min candle close below 49650. T- 48900.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 14 Aug 2024BANKNIFTY Intraday Trade Setup For 14 Aug 2024
Sell_1- From 50440
Invalid-Above 50550
T- 48900
Sell_2- Below 49700
Invalid-Above 49810
T- 48900
BANKNIFTY has closed on a bearish note with 1.48% cut today. Index has been trading between 54800 and 49700 in daily TF since last 7 sessions. Breakout will give us the next directional move with momentum. As of now index looks ready to dive below 49700. 48900 will be 1st target if sell triggers tomorrow. As stated many time index is still sell on rise, follow the same approach.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 4700 then we will long for the target of 48900.
In case of a gap up we will short from 50440. T- 49800.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 12 Aug 2024BANKNIFTY Intraday Trade Setup For 12 Aug 2024
Bullish- Above 50750
Invalid- Below 50640
T- 51400
Bearish-Below 50370
Invalid-Above 50480
T- 49650
BANKNIFTY has closed with 1.69% cut last week. However it has formed a Pinbar candle in weekly TF. After a global sell off weekly candle shows some kind of reversal structure , above it's high 50750 will get more confirmation. It is still sell on rise and I will personally follow the same outlook. 49600 is a crucial market structure level below which we are going to crash once again. Breakout of the plotted trendline will initiate a gap filling/ retracement move. 50750 and 50370 are Intraday levels for tomorrow.
Coming to Monday's trade setup, if index opens flat and a 15 MIN candle closes above 50750 then we will long for the target of 51400.
For selling we need a 15 MIN candle close below 50370. T- 49650.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this
BANKNIFTY Intraday Trade Setup For 7 Aug 2024BANKNIFTY Intraday Trade Setup For 7 Aug 2024
Bullish-Above 50260
Invalid-Below 50150
T- 50950
Bearish-Below 49650
Invalid-Above 49760
T- 48748
BANKNIFTY has closed on a bearish note once again and sell on rise approach worked well. Sell on rise means if there is a bounce then look for bearish reversal price structure in 5 Min TF to sell. It opened with a gap up directly near buy level.10 o'clock range broke downside below 50335 and fell till 49660. Tomorrow once again we will sell below 49650 on a flat opening. In case 50260 is broken in the upside then possibility of a short covering.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 50260 then we will long for the target of 50950.
For selling we need a 15 Min candle close below 49650. T- 48748.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 6 Aug 2024BANKNIFTY Intraday Trade Setup For 6 Aug 2024
Bullish-Above 50450
Invalid-Below 50340
T- 51170
Bearish-Below 49710
Invalid-Above 49820
T- 49050
BANKNIFTY has closed on a bold bearish note with 2.45% cut today. It opened with a big gap down due to global cues and 10 o'clock range was to be used. Range broke downside below 50340 and gave a one way move till 49720, 600 points gain with 170 points risk. Tomorrow once again we maintain sell on rise approach. We will confirm any bullish reversal only when it forms a bullish price structure in 15 Min and 1H TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 50450 then we will long for the target of 51170.
For selling we need a 15 Min candle close below 49710. T- 49055.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 5 Aug 2024BANKNIFTY Intraday Trade Setup For 5 Aug 2024
Bullish-Above 51610
Invalid-Below 51500
T- 52137
Bearish-Below 51080
Invalid-Below 51190
T- 50550
BANKNIFTY has closed on a slight bearish note last week, ended near week low and formed a shooting star candle. It is near 50 EMA in daily TF breakdown will turn overall trend to bearish. However key level for sharp bearish momentum will be 50400 which is last daily swing low. 49k will be 1st target in the downside. 51610 is a crucial bullish reversal level which is held by the plotted trendline. In case 51200 is sustained bears may start gripping.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 51610 then we will long for the target of 52137.
For selling we need a 15 Min candle close below 51080. T- 50550.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 29 Jul 2024BANKNIFTY Intraday Trade Setup For 29 Jul 2024
Bullish-Above 51400
Invalid-Below 51290
T- 51950
Buy-From 50845
Invalid-Below 50735
T- 51300
BANKNIFTY has closed on a slight bearish note with 1.86% cut last week. On Friday there was buying from opening itself, it was Open=Low day. It has taken support from 50 EMA in daily TF. Now above 51400 this bounce can be extended at least towards 52K zone. Below 50350 in daily TF it will be bearish in short term. Best trade will be in bullish side tomorrow if we get a slight pullback before breakout of 51400. 50845 can be intra support.
Coming to Monday's trade setup, if index opens opens flat and a 15 Min candle closes above 51400 then we will long for the target of 51950-52k
2nd buying can be done from 50845. T- 51300.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 23 Jul 2024BANKNIFTY Intraday Trade Setup For 23 Jul 2024
Bullish-Above 52450
Invalid-Below 52340
T- 53605
Bearish-Below 51850
Invalid-Above 51960
T- 50980
BANKNIFTY has closed on an absolute flat note today. It opened with a slight gap down and then regained yesterday's closing, after that it was total sideways from 9:45 till 3:30. Also we discussed in the weekend that index has been trading between 52800 and 52100 on closing basis. Since it tested these levels so we can refine levels for tomorrow's budget session. 51700 and 52800 are key levels for a big move. Intra levels are 52450 and 51850.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 52450 then we will long for the target of 53605.
For selling we need a 15 Min candle close below 51850. T- 50980.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 22 Jul 2024BANKNIFTY Intraday Trade Setup For 22 Jul 2024
Bullish- Above 52820
Invalid-Below 52710
T- 53357
Bearish-Below 52130
Invalid-Above 52240
T- 51549
BANKNIFTY has closed on a flat note with bearish sentiment as it has formed a shooting star candle in weekly TF. Last week we picked the range of 52800 and 52100, whole week the range was intact. Also I discussed that we will maintain a non- directional approach. This simple outlook worked very well and paid us. After a week of sideways momentum, we can expect a breakout in the coming week. We will trade on breakout of 52800 and 52100 next week. This range is also valid in daily TF, closing basis will give us more confirmation for short term apart from Intraday.
Coming to Monday's trade setup, if index opens flat and a 15 MIN candle closes above 52820 then we will long for the target of 53357.
For selling we need a 15 MIN candle close below 52130. T- 51549.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 16 Jul 2024BANKNIFTY Intraday Trade Setup For 16 Jul 2024
Bullish-Above 52820
Invalid-Below 52710
T- 53315
Bearish-Below 52130
Invalid-Above 52240
T- 51600
BANKNIFTY has closed with a slight gain of 0.34% gain today. It has formed a neutral candle in daily TF also nothing triggered as per trade setup. It was said in weekend that weekly range is 52800 and 51700, we need to maintain non-directional approach till index is inside this range. For tomorrow, a zone a has been formed. 52820 and 52130 are levels to watch out.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 52820 then we will long for the target of 53315.
For selling we need a 15 Min candle close below 52130. T- 51600.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 15 Jul 2024BANKNIFTY Intraday Trade Setup For 15 Jul 2024
Bullish-Above 52820
Invalid-Below 52710
T- 53370
Bearish-Below 52130
Invalid-Above 52240
T- 51600
BANKNIFTY has closed with a slight cut of 0.72% last week. Last two candles in weekly and daily TF are just opposite. While I will give more importance to weekly TF. Although it closed with minor cut but weekly candle is a Pinbar. 52800 is a major level from which bulls may take strong grip again. Also below its low 51700 there can be a aggressive selling with double force momentum. In between one need to maintain non-directional approach.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 52820 then we will long for the target of 53370.
For selling we need a 15 Min candle close below 52130. T- 51600.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.