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BANKNIFTY Intraday Trade Setup For 14 July 2023BANKNIFTY Intraday Trade Setup For 14 July 2023 Buy-Above 44870 Sl-44760 T- 45125 45370 Sell-Below 45610 Sl-45720 T- 44350 44110 BANKNIFTY has closed on an absolute flat note today. Buy triggered as per trade setup above 44940 and gave 140 points gain but did not hit our expected target. Once again the same sell the rise worked perfectly in today's market. This in every trade setup it has been mentioned that in each rise we have to find a reversal structure (M structure) in 5 Min TF for a sell trade as index has entered decline phase. Today's high is a bit important for any sort of bullish reversal in hourly TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 45090 then we will long for the target of 45370 and 45655. For selling we need a 15 Min candle close below 44610. T- 44350 and 44110. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 13 Jul 2023BANKNIFTY Intraday Trade Setup For 13 Jul 2023 Buy-Above 44940 Sl-44830 T- 45185 45420 Sell-Below 44560 Sl-44670 T- 44270 43979 BANKNIFTY has closed on a bearish note once again with 0.24% cut today. Since the start of this week it has been updated everyday that index is in decline phase and all the up moves are for selling on a bearish price (M) structure in 5 Min TF. Yesterday one view was discussed that index may give a pullback till 0.618 level. It gave a dot reversal from that zone today. it is moving in a channel pattern in hourly TF. One major move may come on breakout either side. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44940 then we will long for the target of 45185 and 45420. For selling we need a 15 Min candle close below 44560. T- 44270 and 43979. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 12 Jul 2023BANKNIFTY Intraday Trade Setup For 12 Jul 2023 Buy-Above 45140 Sl-45030 T- 45397 45655 Sell-Below 44660 Sl-44770 T- 44443 44220 BANKNIFTY has closed on slight bearish sentiment once again with 0.26% cut. Buy triggered as per trade setup above 44950 and gave around 1:1 then reversed without our target. Then 10 o'clock range broke downside below 44930 and gave a trendy move till 44665. On a flat opening it may give a pullback tomorrow. In case of pullback we need a find a M structure in 15 Min TF near 45000 for a short trade. It was updated yesterday that all up moves must be considered for short on a bearish structure in 5 MIN TF. Today it worked fantastic. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45140 then we will long for the target of 45397 and 45655. For selling we need a 15 Min candle close below 44660. T- 44443 and 44220. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 11 Jul 2023BANKNIFTY Intraday Trade Setup For 11 Jul 2023 Buy-Above 44950 Sl-44840 T- 45230 45445 Sell-Below 44720 Sl-44830 T- 44443 44220 BANKNIFTY has closed on a with a slight cut of 0.14% today. Buy triggered as per trade setup which hit sl then sell triggered which did not give us gain EOD. All up moves have to be carefully observed for a reversal structure in 5 Min TF as index is in decline phase. Important support lies near 44443-44500 as per CIP in daily TF. If at all market makes a bearish price structure in daily TF then this region/level can be the neckline area. 44950 and 44720 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44950 then we will long. T- 45230 and 45445. For selling we need a 15 Min candle close below 44720. T- 4443 and 44220. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 10 Jul 2023BANKNIFTY Intraday Trade Setup For 10 Jul 2023 Buy- Above 45090 Sl-44980 T- 45352 45655 Sell- Below 44840 Sl- 44950 T- 44605 44357 BANKNIFTY has closed on a bearish note on Friday with almost 1% cut. On 4th Jul it was updated that the range breakout's first target is hit which was triggered above 44500. Trade gave around 1100 points move. Now it has closed below PDL in daily TF which is a sign of weakness. Below Friday's low it can create more bearishness. However we want a structure in daily TF for a confirmed short. Next bullish momentum above 45700. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45090 then we will long. T- 45352 and 45655. For selling we need a 15 Min candle close below 44840. T- 44605 and 44357. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 07 Jul 2023BANKNIFTY Intraday Trade Setup For 07 Jul 2023 Buy-Above 45420 Sl-45310 T- 45655 45859 Sell-Below 45190 Sl- 45300 T- 44965 44747 BANKNIFTY has closed on a bullish note with 0.42% gain today. It was bullish since opening price. However there was premium eating in the second half. Buy triggered above 45275 and it gave small gain of 140+ points just like yesterday. It has formed a saucer pattern in 15 Min TF which is a bullish sign. Above 45420 we can expect good upside momentum. Incase 45190 is breached then this will be invalid and there will be bearish action. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 45420 then we will long for the target of 45655 and 45859. For selling we need a 15 min candle close below 45190. T- 44965 and 44747. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 06 Jul 2023BANKNIFTY Intraday Trade Setup For 06 Jul 2023 Buy-Above 45275 Sl-45165 T- 45465 45655 Sell-Below 45070 Sl-45180 T- 44855 44667 BANKNIFTY has closed with a slight cut of 0.33% cut today. Sell triggered as per trade setup below 45220 and gave a small gain of 140 points. Overall it was complete sideways session with almost random moves. Last day it was said that there a possibility of an inside candle so has happened. Divergence between NIFTY and BANKNIFTY has started where the they are strong and slight weak respectively. If buy triggers post 1:30 then there is a strong possibility of short-covering move. 45465 and 45070 are important levels for next session. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 45275 then we will long for the target of 45465 and 45655. For selling we need a 15 Min candle close below 45070. T- 44855 and 44667. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 05 Jul 2023BANKNIFTY Intraday Trade Setup For 05 Jul 2023 Buy-Above 45660 Sl-45550 T- 45950 46250 Sell-Below 45220 Sl-45330 T- 44975 44730 BANKNIFTY has closed with positive gain of 0.32% today. Last week we expected a target of 1150-1200 points above our buy level- 44500. Target almost achieved today (44500-45655). Our TSL is still intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. Today buy triggered as per trade setup above 45355 and hit 1st target. It has formed a neutral doji in daily TF. Chances of an inside candle tomorrow. 45660 and 45220 are important levels for tomorrow. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45660 then we will long for the target of 45950 and 46250. For selling we need a 15 Min candle close below 45220. T- 44975 and 44730. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 04 Jul 2023BANKNIFTY Intraday Trade Setup For 04 Jul 2023 Buy-Above 45355 Sl-45245 T- 45665 45928 Sell-Below 45040 Sl-45150 T- 44747 44447 BANKNIFTY has closed on a bullish note with almost 1% gain today. After the daily range breakout above 44500 it is giving non-stop momentum. We will keep on riding this swing position till our TSL is hit. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Today it opened with a decent gap up above our buy level and both targets were achieved as per trade setup. Nothing triggered as per 10 o'clock range breakout. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45355 then we will long for the target of 45665 and 45928. For selling we need a 15 min candle close below 45040. T- 44747 and 44447. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 03 Jul 2023BANKNIFTY Intraday Trade Setup For 03 Jul 2023 Buy-Above 44790 Sl-44680 T- 45039 45265 Sell-Below 44615 Sl-44725 T- 44370 44115 BANKNIFTY has closed at all time high with 2.58% gain last week. Last week 44100 and 43340 was the hourly range and 44500 and 43340 being the daily range. Hourly range and daily range both shifted in the upside. Index is heading towards 45700-46k zone as per the daily range shift. No sign of selling till we get a bearish price structure in daily TF. Dips will be considered to buy on a reversal sign as pullback trading. 44790 and 44615 are important levels for Monday's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44790 then we will long for the target of 45039 and 45265. For selling we need a 15 min candle close below 44615. T- 44370 and 44115. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 30 Jun 2023BANKNIFTY Intraday Trade Setup For 30 Jun 2023 Buy-Above 44510 Sl-44400 T- 44716 44932 Sell-Below 44240 Sl-44350 T- 43995 43778 BANKNIFTY has closed on a bullish note last day with 0.47% gain. On 26 Jun EOD we planned our trade as per the symmetrical triangle breakout. Breakout happened in the upside and buy triggered above 43690 and index just exploded for a fresh ATH (43690-44500+). Last week we marked 44500 and 43340 (43400) as the daily range. We are likely to breakout above 44510 for a fresh rally. No aggressive selling till we break 43340 (43400). Last day buy triggered above 44195 and hit our 1st target 44500. 44510 and 44240 are important levels for tomorrow. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44510 then we will long for the target of 44716 and 44932. For selling we need a 15 Min candle close below 44240. T- 43995 and 43778. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 28 Jun 2023BANKNIFTY Intraday Trade Setup For 28 Jun 2023 Buy-Above 44195 Sl-44085 T- 44510 44715 Sell-Below 43900 Sl-44010 T- 43690 43490 BANKNIFTY has closed on a bullish note with 1.1% gain today. yesterday a symmetrical triangle was plotted in the trade setup. Breakout happened in the upside and explosive move came. Buy triggered as per trade setup above 43690 and hit all our targets. Trade gave almost 500 points gain (43690-44194+). Above 44200 we will test the daily range high 44500+. For selling we need a a sell setup in intraday. However 43900 is important to watch out. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44195 then we will long for the target of 44510 and 44715. For selling we need a 15 Min candle close below 43900. T- 43690 and 43490. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 27 Jun 2023BANKNIFTY Intraday Trade Setup For 27 Jun 2023 Buy-Above 43690 Sl-43580 T- 43910 44100 Sell-Below 43540 Sl-43650 T- 43300 43077 BANKNIFTY has closed on a complete flat note today. It traded inside previous day's range the whole day. Nothing triggered as per trade setup today. There was a trend till 10:30 which was 200 points in length, then after it was complete sideways between 43690 and 43540. This was a very narrow range, less than 150 points. We will simply use this range to build our trade tomorrow. VIX is ultra low. Breakout of the daily range will kick in momentum in intraday. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43690 then we will long for the target of 43910 and 44100. For selling we need a 15 min candle close below 43540. T- 43300 and 43077. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 26 Jun 2023BANKNIFTY Intraday Trade Setup For 26 Jun 2023 Buy-Above 43825 Sl- 43720 T- 44040 44280 Sell-Below 43515 Sl-43620 T- 43300 43077 BANKNIFTY has closed on a bearish note last week with 0.72% cut. After the breakdown of rising wedge pattern below 43930 in hourly it is in decline mode. To change its phase index has to sustain above 44100 in hourly and daily TF. Daily range is 44500 and 43340 (43400). Breakout of this broad range will give us the next directional move for short- term. VIX will rise on this range shift. Till then zig-zag moves will be common in intraday. 43825 and 43515 are important levels for Monday's intraday. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 43825 then we will long for the target of 44040. Above 44050 it will hit 44300 zone. For selling we need a 15 Min candle close below 43515. T- 43300 and 43077. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 23 Jun 2023BANKNIFTY Intraday Trade Setup For 23 Jun 2023 Buy- Above 43860 Sl-43755 T- 44040 44280 Sell-Below 43660 Sl- 43765 T- 43465 43270 BANKNIFTY has closed on a bearish note with 0.31% cut. Hourly range has been updated last week only. Till the time we are inside 43390 and 44500 in hourly TF. It was said last week that we will see sideways momentum till we give hourly breakout. Range trading is all about buying from support and selling from resistance. Today buy triggered as per trade setup which hit sl then it turned full volatile inside previous day's range. 43860 and 43660 are important levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43860 then we will long for the target of 44040 and 44280-300. For selling we need a 15 min candle close below 43660. T- 43465 and 43270. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 22 Jun 2023BANKNIFTY Intraday Trade Setup For 22 Jun 2023 Buy-Above 43950 Sl- 43845 T- 44130 44315 Sell-Below 43690 Sl-43795 T- 43514 43330 BANKNIFTY has closed with slight bullish sentiment with 0.21% gain today. Buy triggered above 43825 and gave around 100 points and closed almost at our buy level. Tomorrow can be a good trending day in both the direction above and below the key levels 43950 and 43690. Good momentum will be on breakout of this range. In between this 250 points zone it will sideways with noisy moves. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43950 then we will long for the target of 44130 and 44315. Extended T- 44510. For selling we need a 15 Min candle close below 43690. T- 43514 and 43330. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 21 Jun 2023BANKNIFTY Intraday Trade Setup For 21 Jun 2023 Buy-Above 43825 Sl- 43720 T- 44100 44315 Sell-Below 43560 Sl-43665 T- 43330 43075 BANKNIFTY has closed on a bullish note with 0.3% gain today. It opened flat and sell triggered below 43500 and almost hit our 1st target . Trade gave more than 150 points gain. Later it gave a reversal above 43480 , ended with a bullish sentiment by closing at day high. Today hourly range low - 43390 was tested but none hourly candle closed below that. Now fresh level is 43340. Breakdown of this will give us the next round of selling. 43825 and 43560 are the important levels for tomorrow's session. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 43825 then we will long for the target of 44100 and 44315. For selling we need a 15 Min candle close below 43560. T- 43330 and 43075. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 20 Jun 2023BANKNIFTY Intraday Trade Setup For 20 Jun 2023 Buy-Above 43760 Sl- 43655 T- 43935 44115 Sell-Below 43500 Sl-43605 T- 43268 43068 BANKNIFTY has closed on a bearish note with 0.69% cut today. It was in bear's grip from the 1st candle onwards. As we have given a breakdown of the rising wedge pattern in hourly TF. 43930 is our short level as per this. Now it should not re-test again our entry price. So that will be our TSL now. 43390 is the hourly range low; breakdown can give us a smooth profit in our existing position. 43760 and 43500 are the levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 43760 then we will long for the target of 43935 4415. For selling we need a 15 Min candle close below 43500. T- 43268 and 43068. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 19 Jun 2023BANKNIFTY Intraday Trade Setup For 19 Jun 2023 Buy-Above 44085 Sl-43980 T- 44300 44510 Sell-Below 43830 Sl-43935 T- 43615 43395 BANKNIFTY has closed on a flat note last week. It gave a breakdown of hourly rising wedge pattern below 43930( hourly CB) last week. We got a straight move of more than 500 points in a single day in a single flow. Now next round of selling will be triggered below 43390. 44500 and 43390 is the range for the coming week. Breakout of this range will give us the next directional move. It will be sideways between this broader range. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44085 then we will long for the target of 44300 and 44510. For selling we need a 15 Min candle close below 43830. T- 43615 and 43395. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 16 May 2023BANKNIFTY Intraday Trade Setup For 16 May 2023 Sell_1- Below 43390 Sl-43495 T- 43185 42970 Sell_2- From 43820 Sl-43925 T- 43607 43400 BANKNIFTY has closed on a bearish note with 1.24% cut today. It opened flat and sell triggered @43950. It was a perfect and dot level as fall started from this level. This gave a non-stop fall till 43400. Trade gave550 points, it was a great RR trade (1:5). Also it was mentioned in the weekend level that 43930 is the activation level of the rising wedge pattern. It was a very strong level which we picked. It was said that it will be considered and activated in hourly TF, candle closed and we enjoyed a free fall. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 43390 then we will short. T- 43185 and 42970. 2nd sell level is from 43820 in case of a gap up. T- 43607 and 43400. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 12 Jun 2023BANKNIFTY Intraday Trade Setup For 12 Jun 2023 Buy-Above 44070 Sl-43965 T- 44288 44510 Sell-Below 43930 Sl- 44035 T- 43690 43290 BANKNIFTY has closed on with neutral gains last week but the sentiment was slightly bearish. It has formed a shooting star candle in daily and weekly TF both. Last week we discussed that index is inside the rising wedge pattern in hourly TF. Last week we gave a breakout of the pattern. Now below 43930 it will be active. Will trail till it makes a proper reversal structure in hourly TF. 43230 is important in the upside in case it reverses. High probability trade is in down side tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44070 then we will long for the target of 44288 and 44510. For selling we need a 15 Min candle close below 43930. T- 43690 and 43490. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 15 Jun 2023BANKNIFTY Intraday Trade Setup For 15 Jun 2023 Buy-Above 44065 Sl-43960 T- 44225 44367 Sell-Below 43950 Sl-44055 T- 43780 43580 BANKNIFTY has closed with a slight cut of 0.21% today. nothing triggered as per trade setup and it was complete rangebound market. After 10 o'clock it traded within a tight range of 100 points. In hourly TF after the trendline breakdown it has not activated the lower level for downside trigger. 43870 is the hourly low, below which a good downside move will be activated. 44220 and 43870 is the hourly range. Its been almost a week index is stuck in this narrow range of 350 points. Swings will become medium length only when VIX moves above 14. Above 16 it will be a good momentum days. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44065 then we will long for the target of 44225 and 44367. For selling we need a 15 Min candle close below 43950. T- 43780 and 43580. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 14 Jun 2023BANKNIFTY Intraday Trade Setup For 14 Jun 2023 Buy-Above 44140 Sl- 44035 T- 44337 44510 Sell-Below 43945 Sl-44050 T- 43780 43580 BANKNIFTY has closed on a slight note with 0.21% gain today. It was having a bullish bias since opening as it had open= low. Buy triggered as per trade setup and hit our 1st tgt. Trade gave more than 130 points gain (44005-44138+) which was 1:1. It has been updated many time that we have to focus on small RR gains and not for very big targets bcs they cant' be achieved due to short length moves which is due to ultra low VIX. Rising wedge breakdown is still pending as no hourly candle has closed below 43915. Now below 43870 it will be active. 44140 and 43945 are important levels for tomorrow. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44140 then we will long for the target of 44337 and 44510. For selling we need a 15 Min candle close below 43945. T- 43780 and 43580. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto