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BANKNIFTY Intraday Trade Setup For 6 Mar 2023BANKNIFTY Intraday Trade Setup For 6 Mar 2023 Buy-Above 41400 Sl-41290 T- 41550 41710 Sell-Below 41150 Sl-41260 T-40880 40600 BANKNIFTY has closed on a bullish sentiment with with 3.36% gain. It has formed a bullish engulfing candle in weekly TF. On 23 Feb EOD it was updated that we have formed a hammer above its high there can be reversal. The very next day it was triggered and till now it has given more than 1200 points gain with just 550 points sl. Important resistance is 42000 zone. And as per bat pattern a resistance can also be seen near 41750. For selling we need a bearish price structure at-least in 15 Min TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 41400 then we will long for the target of 41550 and 41710. If 41750 sustained ,we will head towards 42k. For selling we need a 15 min candle close below 41150. T- 40880 and 40600. 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 Mar 2023BANKNIFTY Intraday Trade Setup For 3 Mar 2023 Buy-Above 40500 Sl-40390 T- 40637 40770+ Sell-Below 40310 Sl- 40420 T-40100 39820 BANKNIFTY has closed on a bearish sentiment with 0.76% cut. After hammer formed on 23 Feb 2023. It was updated that we will give pullback of the down move above its high. Yesterday it hit our 1st target or pullback area which was calculated using ABCD (2.0). It has given Dot Reversal from there. Today it opened and tested buy level but did not trigger. Later sell triggered below 40510 and made a low of 40313. Till 1 o'clock it was just sideway with complete dead momentum due to ultra low premiums. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 40500 then we will long for the target of 40637 and 40770. For selling we need a 15 Min candle close below 40310. T- 40100. Below 40070 we will hit 39820. 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 Mar 2023BANKNIFTY Intraday Trade Setup For 02 Mar 2023 Buy-Above 40730 Sl-40620 T- 40925 41120 Sell-Below 40510 Sl-40620 T- 40260 40075 BANKNIFTY has closed on a bullish sentiment with more than 1% gain today. Buy triggered above 40400 and hit all the targets slowly and steadily. Trade gave more than 300 points gain which was almost 1:3. However momentum was pathetic due to IV crash. On 23 Feb hammer formed and it was told that above its high we will give the pullback of the down move. Which has been played out perfectly till now. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 40730 then we will long for the target of 40925 and 40120. For selling we need a 15 min candle close below 40510. T- 40260 and 40075. 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 2nd March2023_ExpiryNiftyBank Futures Key Trading Levels for 2nd March2023_Expiry Tradesetup Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying Disclaimer: 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
2
BANKNIFTY Intraday Trade Setup 01 Mar 2023BANKNIFTY Intraday Trade Setup 01 Mar 2023 Buy-Above 40400 Sl-40290 T- 40550 40725 Sell-Below 40070 Sl-40180 T- 39818 39590 BANKNIFTY has closed on a absolute flat note. It was just sideways for 4 hours and 30 min. It traded at 40300 and at the end of the day also it has closed near 40300. Nothing triggered as per trade setup and traded inside the buy and sell levels. 10 o'clock range broke downside below 40205 and gave more than 120 points gain. We will simply use the last day's trade setup to build trade. 40400 and 40070 is the range above and below which directional move will come. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 40400 then we will long for the target of 40550 and 40725. For selling we need a 15 Min candle close below 40070. T- 39818 and 39590. 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 28 Feb 2023BANKNIFTY Intraday trade Setup For 28 Feb 2023 Buy-Above 40375 Sl-40265 T- 40550 40725 Sell-Below 40070 Sl-40180 T- 39832 39590 BANKNIFTY has closed on a bullish sentiment with 1% gain today. After one week it has closed on bullish sentiment and has closed at PDH. Sentimental halt has happened after the Pinbar candle formed 23 Feb. We are likely to give pullback of the down move. We can test max 41150 in this pullback move. Today buy triggered as per trade setup and hit our targets very smoothly. Trade gave 300 points gain (40065-40371). Below 39600 if sustained in daily TF then next round of selling will start. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 40375 then we will long for the target of 40550 and 40725. Extended T- 41120-50. For selling we need a 15 Min candle close below 40070. T- 39832 and 39590. 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 Feb 2023BANKNIFTY Intraday Trade Setup For 27 Feb 2023 Buy-Above 40070 Sl- 39960 T- 40210 40355 Sell-Below 39810 Sl-39920 T- 39700 39590 BANKNIFTY has closed on bearish sentiment with 3% cut last week. It has closed near the weekly swing low. Last week it was told that below previous week's low 40880 we will start the down move and a good fall can be expected. So has happened we saw sharp 3% cut after activation. There will be reversal if we make any Pin bar or hammer in weekly TF. Till then it will be sideways to bearish action. Below 39400 this down move will be extended. There can be sentimental halt when we will close above PDH. Coming to Monday's trade setup, if index opens flat and a 15 Min candle close above 40070 then we will long for the target of 40210 and 40355. For selling we need a 15 Min candle close below 39810. T- 39590 and 39370. 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 24th Feb 2023NiftyBank Futures Key Trading Levels for 24th Feb 2023 Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying Disclaimer: 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 24 Feb 2023BANKNIFTY Intraday Trade Setup For 24 Feb 2023 Buy-Above 40150 Sl-40040 T-40290 40435 Sell-Below 39895 Sl-40005 T-39745 39590 BANKNIFTY has close on absolute flat note today. It has formed a Pinbar in daily TF. This is the 1st sign of halt/reversal after 5 consecutive bearish sessions. Above its high if sustained and closed EOD we can see good up move. However there will be pullback of the whole parabolic down move ; small or big. Its low is very important and below its low 2nd round selling we resume. Today it opened flat and sell triggered below 39895 and hit our 1st target (39895-39601). After that it traded between 370 points range. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 40150 then we will long for the target of 40290 and 40435. For selling we need a 15 Min candle close below 39895. T- 39745 and 39590. 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 Feb 2023BANKNIFTY Intraday Trade Setup For 23 Feb 2023 Buy-Above 40135 Sl-40025 T- 40400 40700 Sell-Below 39895 Sl-40005 T- 39650 39400 BANKNIFTY has once again closed on a bearish sentiment with 1.67% cut. Since last 5 Trading sessions it is under bears grip very firmly. Last Sunday it was told that below Last Friday's low and below last week's low we will give a very good down move and we can test the lower range of the Budget Day. Job is almost done with more than 1000 points gain. Today sell triggered as per trade setup and hit all the two targets mentioned (40500-39900). Also it can take a halt as it has not given decent pullback in the whole down move we enjoyed. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 40135 then we will long for the target of 40400. if it sustains above 40400 after rejection then it head higher. For selling we need a 15 Min candle close below 39895. T- 39650 and 39400. 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 Feb 2023BANKNIFTY Intraday Trade Setup For 22 Feb 2023 Buy-Above 40785 Sl-40675 T-41000 41160 Sell-Below 40500 Sl-40610 T-40335 40160 39955 BANKNIFTY has closed on a flat note with just 28 points cut. It opened almost flat and then took support from PDL and round level by forming two consecutive hammers. After double hammer triggered it triggered. Buy triggered above 40765 and hit 1st target. This trade gave more than 160 points gain. Later it just consolidated in the 2nd half. We will use that range to build our trade setup. In case of a gap down tomorrow sentiment of the 1st 15 Min candle will be important to watch. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 40785 then we will long for the target of 41000 and 41160. For selling we need a 15 min candle close below 40500. T- 40335, 40160 and 39955. 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
5
BANKNIFTY Intraday Trade Setup For 21 Feb 2023BANKNIFTY Intraday Trade Setup For 21 Feb 2023 Buy-Above 40765 Sl-40655 T-40910 41050 Sell-Below 40580 Sl-40690 T- 40375 40170 BANKNIFTY has closed on a bearish sentiment with 1% cut today. Once again it has closed near day low just like last session. So below today's low bearish momentum is likely to continue. Today it opened almost flat and buy triggered above 41180 and gave gave 110 points gain which was 1:1. It was updated to trail sl to cost and our TSL was hit. Later 10 o'clock range broke downside below 41080 and made a low of 40585. Sell was also triggered below 40880 and that also hit our target smoothly. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 40765 then we will long for the target of 40910 and 41050. For selling we need a 15 Min candle close below 40580. T- 40375 and 40170. 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 Feb 2023BANKNIFTY Intraday Trade Setup For 20 Feb 2023 Buy-Above 41180 Sl- 41070 T- 41370 41570 Sell-Below 40880 Sl-40990 T-40610 40390 BANKNIFTY has closed on a bearish sentiment with 1.2% cut on Friday. Weekly close is also on bearish note with 1% cut. Below current week's low- 40880 there can be more fall. Index will be bullish above 42000. In between index can be sideways momentum and price wise. However we are still inside Budget range since last 15 days. If current week's low is sustained in downside then we will head towards the lower range of the Budget day. Since last two trading sessions its a complete parabolic down move so we can expect some pullback. Coming to Monday's trade setup, if we open flat and 15 Min candle closes above 41180 then we will long for the target of 41370 and 41570. For selling we need a 15 Min candle close below 40880. T- 40610 and 40390. 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 Feb 2023BANKNIFTY Intraday Trade Setup For 17 Feb 2023 Buy-Above 41865 Sl-41755 T-42000 42185 Sell-Below 41520 Sl- 41630 T- 41337 41150 BANKNIFTY has closed on a slight bearish sentiment with almost 100 points cut. Today it opened gap up directly at first target which was a PRZ plotted. As usual it fell from PRZ however the momentum was messy due to low VIX. 10 o'clock range broke downside below 41810 and made a low of 41525. Sl was just 85 points. However it was in two legs. It has closed near day low so below today's low it may continue the down move. Only hurdle is 41450. If 41450 is sustained then it will dive. Coming to Friday's trade setup, if index opens flat and 15 Min candle closes above 41865 then we will long for the target of 42000. Above 42050 it will test 42185 and 42350. For selling we need a 15 Min candle close below 41520. T- 41337 and 41150. 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 Feb 2023BANKNIFTY Intraday Trade Setup For 16 Feb 2023 Buy-Above 41800 Sl-41690 T-42000 42185 Sell-Below 41450 Sl-41560 T-41300 41150 BANKNIFTY has closed on a slight bullish sentiment with 0.2% gain. Today it opened and sell triggered below 41565 and gave almost 110 points gain which was 1:1. It was updated to eat in pieces. Later it turned total sideways at 41600. Last hour 10 o'clock range broke and gave more than 75 points gain. It has closed near hourly range. If it sustains above today's high- 41800 then we can see good up move, only hurdle is 42000. For a trendy downside move it has to sustain below i) 41580 and then ii)below 41550. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 41800 then we will long for the target of 42000 and 42185. For selling we need a 15 min candle close below 41450. T- 41300 and 41150. 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
PostMortem on BankNifty Today & Analysis of 15 FEB 2023We had that resistance breakout today, a much awaited 41624 break. This makes the coming days exciting - most importantly tomorrow's expiry NSE:BANKNIFTY opened inline at 41674 and made a series of red candles till 09.40, a fall of 0.52% and crucial 41624 SR rejection. From there it made steady gains to take out the SR at 11.20 but only to fail in the next candle. A rise of 0.53% - which means a symmetrical recovery back to the opening levels. From here NSE:BANKNIFTY made a gradual fall till 14.25 ~ 0.55% - this again took NSE:BANKNIFTY back to the LOD. So by now we have had 3 moves in the 0.52–0.55% range by 14.25 What happened after 14.30 was almost magical, i seriously did not think we will take out the 41624 resistance level today also as 5 prior attempts had already failed. But NSE:BANKNIFTY made some stellar vertical like moves aided by ICICI, SBI, Axis & HDFCbk. Final close was well above the SR zone so we can almost confirm the range breakout. Also interestingly there were fresh short writings at PE mostly as positional trade for expiry tomorrow. The surge in volumes in the last 15mts is proof for this. So i assume the sentiment has shifted from negative to neutral yesterday & then to positive by today. Do note that i still have the 41000/40900 debit ratio spread which is currently at loss. --- 15mts TF is confirming the range break and the minor sentiment shift to the bullish side. We have one more resistance to overcome, thats where the brutal selling started. --- 1hr TF, we can now stay away from bearish bets temporarily or atleast till the first support is not broken. Also note the 1hr is not showing bullishness yet - we need a break above the swing high for bullish momentum.  Here we have contradicting signals from the 15mts vs 1hr TF. 15mts saying no more bearishness & 1hr saying not bullish. Ideally its not a bad idea to wait before taking aggressive trades ! --- Among the bank nifty components NSE:HDFCBANK was drifting into the red when the last 1 hr momentum reversed it. NSE:ICICIBANK gains are quite obvious from the chart here, 3 consecutive green candles that powered up the NSE:BANKNIFTY today in last 1 hr NSE:SBIN was able to get out of red with the last 1 hr momentum NSE:AXISBANK also managed to reduce its losses in the same period. NSE:KOTAKBANK was already surging ahead, the last 1hr gave it leg 2 of rally NSE:INDUSINDBK did not participate in the broad based momentum that really helped the other 5 banks in last hour. 8 charts available in today's report at viswaram .com
NSE:BANKNIFTY
by viswaram
FASP levels for Bank Nifty 16/02/2023The FASP for Bank Nifty is listed for 16-02-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 15 Feb 2023BANKNIFTY Intraday Trade Setup For 15 Feb 2023 Buy-Above 41720 Sl-41610 T-41865 42000 Sell-Below 41565 Sl-41675 T-41395 41200 BANKNIFTY has closed on a bullish sentiment with more 0.89% gain today. It gaped up slightly and then later buy triggered as per trade setup @41380 and made a high of 41700+. This trade gave more than 300 points gain. As it gaped up, 10 o'clock range also broke upside above 41405 and from here also it gave almost 300 points. It has close near day high and range high - 42000 in hourly TF. Bullish momentum likely to continue above today's high. Below 41100 it will start making bearish price structure and will initiate a downfall in hourly TF. There is a high possibility of huge gap up/down due to CPI data outcome in US. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 41720 then we will long for the target of 41865 and 42000+. For selling we need a 15 Min candle close below 41565. T- 41395. Post bounce from 41400 zone if it continues bearish structure then we will hit 41200 also. 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
FASP levels for Bank Nifty 15/02/2023The FASP for Bank Nifty is listed for 15-02-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 14 Feb 2023BANKNIFTY Intraday Trade Setup For 14 Feb 2023 Buy-Above 41380 Sl-41270 T-41529 41680 Sell-Below 41150 Sl-41260 T-40995 40835 BANKNIFTY has closed on a bearish sentiment with 0.67% cut today. It opened flat and sell triggered below 41424 and made a low of 41560. This trade gave more than 250 points profit which was more than 1:2. Later it turned complete sideways and slept at 41300 for more than 2 hours. Today's low is important, breakdown can start to build bearish price structure in hourly and daily TF. Above 41800 it will to build bullish price structure in hourly and daily TF. We will simply use the range to build our trade setup for the next session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 41380 then we will long for the target of 41529 and 41680. For selling we need a 15 Min candle close below 41150. T- 40995 and 40835. Till the time it is inside ranges and VIX is near 12 small targets have to be considered. 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 Feb 2023BANKNIFTY Intraday Trade Setup For 13 Feb 2023 Buy-Above 41680 Sl- 41570 T-41810 42000+ Sell-Below 41420 Sl-41510 T- 41255 41070 BANKNIFTY has closed a absolute flat note last week. Its a neutral closing and whole week was heavy rangebound. Inside candle has been formed in weekly charts. Above/below mother candle's high/low there will be a range shift. That range has been created by the Union Budget. Since then index is inside range. Also VIX fell vertically after the budget due to which swings have contracted and have been short length. Important swing in hourly TF are 41800 and 41100. Breakout will trigger start of directional move. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 41680 then we will long for the target of 41810 and 42000+. For selling we need a 15 Min candle close below 41420. T- 41250. Below that we will hit 41100-41070. 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 Feb 2023BANKNIFTY Intraday Trade Setup For 10 Feb 2023 Buy-Above 41625 Sl-41515 T-41810 42000+ Sell-Below 41450 Sl-41560 T-41255 41069 BANKNIFTY has closed on a flat note with just 16 points gain today. It has been closing exactly at the same place for the last 3 days. Daily candle looks like a buyer's candle and above its high buyers should dominate and in that case it can test 42000 round level which is also a swing high in hourly TF. Below its low aggressive selling can be seen and that will be breakdown in hourly TF. These two levels are important. Today market opened with a slight gap up and sell triggered below 41400 and very smoothly it gave 150 points gain; more than 1:1. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 41625 then we will long for the target of 41820 and 42000+ For selling we need a 15 Min candle close below 41450. T- 41250. Below 41250 if sustained then aggressive selling can be seen till plotted targets. Be strict with trailing with RR 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