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BANKNIFTY Intraday Trade Setup For 12 May 2023BANKNIFTY Intraday Trade Setup For 12 May 2023 Buy-Above 43675 Sl-43570 T- 43950 44220 Sell-Below 43365 Sl-43470 T- 43080 42780 BANKNIFTY has closed on a bullish with a slight gain of 0.33% today. It opened with a decent gap gap and gave a huge flick in the 1st 1 Min candle. Buy triggered as per trade setup above 43385 and hit our 1st target very smoothly. Trade gave more than 250 points gain. Then it turned sideways for the rest of the day. In the beginning of this week it was said that we are likely to witness a sideways momentum overall this week. This is common after an impulsive move, so has happened. Next week we can see a trendy move on range breakout formed this week. Above today's high we may record a fresh ATH. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43675 then we will long for the target of 43950 and 44220. For selling we need a 15 Min candle close below 43365. T- 43080 and 42780. 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 May 2023BANKNIFTY Intraday Trade Setup For 11 May 2023 Buy-Above 43385 Sl-43280 T- 43640 43820 Sell-Below 43170 Sl-43275 T- 42975 42780 BANKNIFTY has closed on a bullish sentiment with 0.31% gain today. It has formed a Pin bar candle in daily TF which shows bullishness. Our TSL in long from 42385 is intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit our longs and in that case there will be possibility of pullback down move. Today sell triggered below 43120 and hit almost both the targets (43120-42822). Bullishness likely to continue above today's high. Also today's low is very important. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43385 then we will long for the target of 43640 and 43820. For selling we need a 15 Min candle close below 43170. T- 42975 and 42780. 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 May 2023BANKNIFTY Intraday Trade Setup For 10 May 2023 Buy-Above 43350 Sl-43245 T- 43555 43775 Sell-Below 43120 Sl-43225 T- 42937 42759 BANKNIFTY has closed on a slight bearish sentiment with 0.2% cut. Today buy triggered as per trades setup above 43420 and gave more than 110 points gain which was 1:1. Later profit booking took place from day high. After an impulse some sideways momentum is very obvious that is why we have 2 consecutive inside candles in daily TF. Above today's high - 43535 if sustained we will have very good bullish momentum whenever it is triggered. Below today's low we can slide till some extent. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43345 then we will long for the target of 43555 and 43775. For selling we need a 15 Min candle close below 43120. T- 42937 and 42759. 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 09 May 2023BANKNIFTY Intraday Trade Setup For 09 May 2023 Buy-Above 43420 Sl-43315 T- 43638 43858 Sell-Below 43195 Sl-43300 T- 42989 42780 BANKNIFTY has closed on a bullish sentiment with almost 1.5% gain today. Last day index closed below PDL and today it failed to hit our TSL in long as that candle's low was safe and eventually it rallied. Last day a pullback was scenario was discussed that there is a possibility that it can test 43335 in the 1st hour so has happened. Also price fell almost 150 points from 0.618 plotted. Tomorrow's best trade will be done on flat opening. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 43420 then we will long for the target of 43638 and 43858. For selling we need a 15 Min candle close below 43195. T- 42989 and 42780. 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 8 May 2023BANKNIFTY Intraday Trade Setup For 8 May 2023 Sell_1- Below 42580 Sl-42685 T- 42240 41958 Sell_2- From 43335 Sl-43440 T- 43085 42840 BANKNIFTY has closed on bearish sentiment last day and week with 2.34% and 1.32% cut respectively. After 5 weeks of mega rally it closed on a bearish sentiment and is likely to give small pullback below currents week's low . This pullback can take BANKNIFTY to 41600-41700. Next bullish momentum will be based on fresh bullish reversal structure in hourly and daily TF. Best trade will be on flat opening tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min closes below 42580 then we will short for the target of 42240 and 41958. In case it opens with a very big gap up then we will plan a short from 43335. T- 43085 and 42840. 43085 is yet another resistance. 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 05 May 2023BANKNIFTY Intraday Trade Setup For 05 May 2023 Buy-Above 43740 Sl-43635 T- 43953 44165 Buy_2- From 43415 Sl-43310 T- 43570 43730+ BANKNIFTY has closed on a bullish note with 0.86% gain. Today buy triggered above 43355 and hit both the targets very smoothly. It gave more than 380 points gain, almost 1:4 RR. On 23 Apr we planned our long above 42385. After it was triggered since then we are enjoying non stop rally. Till now we have captured more than 1300 points. Last week also it was said that we are heading towards ATH. If a daily candle closes below PDL and that red candle's low is breached then our TSL will be hit and a sentimental halt will take place in that case. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43740 then we will long for the target of 43953 and 44165. In case it opens below today's high and 43415 is tested then we will buy from there for the target of 43570 and 43730+. 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 4 May 2023BANKNIFTY Intraday Trade Setup For 4 May 2023 Buy-Above 43355 Sl-43250 T- 43540 43755 Sell-Below 43075 Sl-43180 T- 42880 42727 BANKNIFTY has closed on a flat note today. Today it opened with a decent gap down directly at our 1st sell target which was also a PRZ (0.618) level. As usual sharp bounce came from there. Later it tested the sell level- 43260 and fell more than 150 points whish was more than 1:1. It has closed on a bullish sentiment as after a gap down opening it has closed at day high. Bullish momentum likely to continue above today's high. Index will turn change its hourly structure into bearish below 43070. 43180 is also important to watch so as early sign. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43355 then we will long for the target of 43540 and 43755. For selling we need a 15 Min candle close below 43070. T- 42880 and 42727. 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 3 May 2023BANKNIFTY Intraday Trade Setup For 3 May 2023 Buy-Above 43490 Sl-43385 T- 43715 43940 Sell-Below 43260 Sl-43365 T- 43065 42810 BANKNIFTY has closed with with a slight bullish sentiment with 0.27% gain today. Whole gain is contributed via gap up and in intraday it was just sideways within less than 200 points range. It has formed a spinning top in daily charts which is sign of pause. If it sustains below below today's low then we will can give pullback of the up move we enjoyed last week. Above today's high bullish sentiment will be intact. Initial 200 points move can be expected above and below today's high and low. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43490 then we will long for the target of 43715 and 43940. For selling we need a 15 Min candle close below 43260. T- 43065 and 42920, 42800. 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 02 May 2023BANKNIFTY Intraday Trade Setup For 02 May 2023 Buy-Above 43305 Sl-43195 T- 43535 43765 Sell-Below 43000 Sl-43110 T- 42789 42600 BANKNIFTY has closed on a bullish sentiment with 0.54% and 2.65% gain last day and week respectively. Last week it was said that above 42385 is the breakout level when price was at 42118. After it was triggered it has given more than 900 points gain. We will ride this trade with TSL as PDL (CB). There will be sentimental halt only when we will close below PDL. Bullish momentum likely to continue above today's high. We have been riding this mega move from 39710 in pieces. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 43310 then we will long for the target of 43535 and 43765. For selling we need a 15 Min candle close below 43000. T- 42789 and 42600. 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 Apr 2023BANKNIFTY Intraday Trade Setup For 28 Apr 2023 Buy-Above 43045 Sl-42935 T-42335 42620 Sell-Below 42790 Sl-42900 T- 42615 42430 BAKNIFTY has closed on a bullish sentiment with 0.4% gain today. Last week it was said that 42380 is very important above which we we will plan the directional trade. After it was triggered we are in smooth profit of more than 650 points (42380-43043+). Bullishness likely to continue above today' s high. Today buy triggered above 42880 which was updated to exit at cost and was told to enter in the next time. Later in the 2nd attempt it gave more than 150 points after re-entry. Momentum was sideways unlike NIFTY. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43045 then we will long for the target of 43335 and 43620. For selling we need a 15 Min candle close below 42795. T- 42615 and 42430. 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 27 Apr 2023BANKNIFTY Intraday Trade Setup For 27 Apr 2023 Buy-Above 42880 Sl-42775 T-43105 43335 Sell-Below 42650 Sl-42755 T- 42450 42185 BANKNIFTY has closed on a bullish note with 0.35% gain. It was a great day for bulls as it shot up with double force from day low. Today sell triggered first below 42600 and almost hit our 1st target (42600-42432). Then a morning star formed at day low and reversed completely. Bullishness likely to continue above today's high. Best continuation trade will be on flat opening. It is approaching 42335-50 as per ABCD above today's high. Index will be weak only below 42650 is sustained firmly. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 42880 then we will long for the target of 43105 and 43335-50. For selling we need a 15 Min candle close below 42650. T- 42450 and 42185. 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 Apr 2023BANKNIFTY Intraday Trade Setup For 26 Apr 2023 Buy-Above 42870 Sl-42765 T-43105 43365 Sell-Below 42600 Sl-42705 T- 42395 42185 BANKNIFTY has closed almost flat today. Today buy triggered as per trade setup. It gave almost 150 points gain (42715-42865) which was more than 1:1. Later it closed near day day low and formed a shooting star in daily charts. Its a sign of halt. Next leg of rally will start above 42870. Below 42600 if sustained we may slip to lower levels. Let market decide which side gives trigger. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42870 then we will long for the target of 43105 and 43365. For selling we need a 15 Min candle close below 42600. T- 42395 and 42185. 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 25 Apr 2023BANKNIFTY Intraday Trade Setup For 25 Apr 2023 Buy-Above 42715 Sl-42610 T- 42937 43150 Sell-Below 42570 Sl-42675 T- 42409 42245 BANKNIFTY has closed on a bullish sentiment with 1.23% gain today. We discussed on weekend that index can pick up any direction and we have to be neutral and just wait for the levels to be breached. We discussed that 42385 and 41960 are important level and above and below respectively directional move will come. It opened with a big gap up today directly above 42385 and sustained. From there it gave a non stop move till 42714. 10 o'clock range also broke upside above 42465 and gave almost 250 points gain with 55 points sl. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 42715 then we will long for the target of 42937 and 43150. For selling we need a 15 Mi candle close below 42570. T- 42409 and 42245. 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 24 Apr 2023BANKNIFTY Intraday Trade Setup For 24 Apr 2023 Buy-Above 42190 Sl- 42080 T- 42416 42645 Sell-Below 41960 Sl-42070 T- 41735 41500 BANKNIFTY has closed on a flat note last week. Last week it was said that probability of a pullback is very high . Unlike NIFTY we saw a small pullback this week but closed almost flat. Majority of the daily candle were indecisive. 42385 and 41960 are the two important level for a fresh move on breakout. 41790 is more important if it tested in the very next week. We may start a healthy downside move in that case. Whichever side it gives breakout we will plan the trade in that direction for this week. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42190 then we will long for the target of 42416 and 42645. For selling we need a 15 Min candle close below 41960. T- 41735 and 41500. 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 21 Apr 2023BANKNIFTY Intraday Trade Setup For 21 Apr 2023 Buy-Above 42380 Sl-42270 T- 42615 42830 Sell-Below 42100 Sl-42200 T- 41790 41530 BANKNIFTY has closed with a slight gain of 0.27% gain today. In nutshell it is just sideways and there is no surprise in that. Already on 19 Apr Apr trade setup it was explained that we have entered entered the contraction phase and this is very common and obvious after an impulse. Now it has formed a symmetrical triangle in 1hourly chart. We will simply wait for the breakout. We have to be neutral and let market decide the direction on breakout. 42380 and 42100 are important levels. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42380 then we will long for the target of 42615 and 42830. For selling we need a 15 Min candle close below 42100. T- 41790 and 41530. 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 Apr 2023BANKNIFTY Intraday Trade Setup For 20 Apr 2023 Buy-Above 42250 Sl-42140 T-42515 42800 Sell-Below 42020 Sl-42130 T-41790 41560 BANKNIFTY has closed on a slight bearish sentiment with 0.26% cut today. Last day a bearish sentiment was triggered and we expected its continuation. Slowly and steadily it maintained a bearish price structure till end. This sentiment will be on till we make a bullish price structure in 15 Min TF. Also it closed below PDL in daily TF and our TSL will be hit if today's low is tested. Today it opened flat and sell triggered below 42110 and after it triggered after 1 o'clock it turned almost sideways. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42250 then we will long for the target of 42515 and 42800+. For selling we need a 15 Min candle close below 42020. T- 41790 and 41560. 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
NiftyBank Futures Key Trading Levels for 20th Apr 20th Apr 2023 NiftyBank Futures Key Trading Levels for 10th Apr 20th Apr 2023_Expiry Tradesetp Disclaimer: I do not give any tips or buy sell recommendation I only teach trading strategies. These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view. Please consult your Financial Advisor before making any trading decision
NSE:BANKNIFTY1!
by sbkurandwad77
BANKNIFTY Intraday Trade Setup For 19 Apr 2023BANKNIFTY Intraday Trade Setup For 19 Apr 2023 Buy-Above 42365 Sl-42355 T- 42575 42800 Sell-Below 42110 Sl-42220 T-41917 41719 BANKNIFTY has closed on a neutral note and formed an inside candle in daily TF. Its sign of contraction. This usually happens after a big rally. After some days this contraction will burst out till then it can have a sideways momentum. Today by triggered above 42370 and gave more than 120 points gain (1:1). In the second half we saw a profit booking from day high , this move may continue below today's low and proceed towards 41700 zone. Its an inside candle so above 42605 we can expect upside move. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42365 then we will long for the target of 42575 and 42800+. For selling we need a 15 Min candle close below 42110. T- 41917 and 41719. 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 18 Apr 2023BANKNIFTY Intraday Trade Setup For 18 Apr 2023 Buy-Above 42370 Sl-42260 T- 42800 43117 Sell-Below 42150 Sl-42260 T- 41975 41775 BANKNIFTY has closed on a positive note with 0.31% gain today. It was a bit volatile since opening till the day low. It opened with a crazy gap up and sold into immediately. In the weekend it was said that there is a chance of pullback before any further upside move. A pullback has been given yet small. Also our TSL for swing long position is still intact as PDL is safe (CB). Today's low is 17790 is important , breakdown can start the pullback move. Today 2nd buy level was triggered and it just gave V shape recovery almost from our 2nd buy zone mentioned in the trade setup. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 42365 then we will long for the target of 42585-42.6k and 42800. For selling we need a 15 Min candle close below 42150. T- 41975 and 41775. 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 17 Apr 2023BANKNIFTY Intraday Trade Setup For 17 Apr 2023 Buy_1-Above 42200 Sl-42090 T- 42350 42505 Buy_2- From 41750 Sl-41640 T- 41975 42200 BANKNIFTY has closed a bold bullish note last day and week with 1.38% and 2.66% gain respectively. Our long trade from 39710 has hit 2 targets very smoothly and quickly. Long trade on 20 Mar Trade Setup. Till now it has given 2400+ points gain. TSL is intact which is PDL (CB). One can book some gain now. 2 weeks back it was updated that we have changed sentiment to bullish when morning star was formed and activated in weekly TF. Last month's high has been crossed but one pullback is pretty much expected before any further up move and this will be activated when we make a bearish price structure in hourly TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42200 then we will long for the target of 42350 and 42505. We will buy from 41750 zone also if it is tested in the 1st hour on Monday. 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 Apr 2023BANKNIFTY Intraday Trade Setup For 13 Apr 2023 Buy-Above 41615 Sl-41505 T- 41730 41850 Sell-Below 41465 Sl-41575 T- 41300 41115 BANKNIFTY has closed once again on a positive note with almost 0.5% gain. The long trade which we took from 39710 (trade shared on 20 Mar Trade Setup). It is in a profit of almost 1900 points. Our TSL as said is the PDL (CB) or the last swing low in hourly TF. We will book our gains when our TSL is hit or else just keep on riding this parabolic move. Today buy triggered as per trade setup and hit our 1st target EOD. Trade gave almost 200 points (1:2). Tomorrow is expiry and so we have to be careful as there can a chance of profit booking. Coming to Thursday's trade setup, if index opens flat and and a 15 Min candle closes above 41615 then we will long for the target of 41730 and 41860. For selling we need a 15 min candle close below 41465.T- 41300 and 41115. 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 12 Apr 2023BANKNIFTY Intraday Trade Setup For 12 Apr 2023 Buy-Above 41405 Sl-41300 T-41550 41700 Sell-Below 41230 Sl-41330 T-41075 40930 BANKNIFTY has closed on a bullish note with 1.3% gain. Today it opened with a big gap up and sustained that. 10 o'clock range broke upside above 41287 and gave around 100 points gain. Overall it was complete sideways post 10 AM. Nifty had clear moves but BANKNIFTY just slept the whole day. Bullish momentum likely to continue above today's high. Also trailing sl in our positional long is intact. Keep TSL as PDL (CB) or the last swing low - 40700. If it sustains below 41300 then there can weakness. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 41405 then we will long for the target of 41550 and 41700. For selling we need a 15 Min candle close below 41230. T- 41075 and 40930. 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 Apr 2023BANKNIFTY Intraday Trade Setup For 11 Apr 2023 Buy-Above 40871 Sl-40760 T-41070 41270+ Sell-Below 40725 Sl-40835 T- 40530 40345 BANKNIFTY has closed on a slight bearish sentiment with 0.5% cut. Sell triggered as per trade setup and 1:1 and then it reversed which ended with NPNL . Later in the 2nd half sell triggered once again and 200+ points gain (1:2). After 6 trading session today it closed below PDL. Fun fact is that it happened after our long target (gap area) was hit. Now below today's low the down move may continue. Above 41275 which is the recent high next leg of bullish momentum will start. Keep trailing tight in these days with RR and as price moves. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 40871 then we will long for the target of 41070. Above 41075 we will hit 41270+. For selling we need a 15 Min candle close below 40725. T- 40530 and 40345. 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