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BANKNIFTY Intraday Trade Setup For 20 Oct 2022BANKNIFTY Intraday Trade Setup For 20 Oct 2022 Buy-Above 40535 Sl-40420 T-40800 41000 41200 Sell-Below 40195 Sl-40305 T-39900 39710 39550 BANKNIFTY has closed on a flat note with 54 points gain, just like NIFTY. Today our 1st target in long side was hit which was triggered on 17 Oct @ 39610 (39610-39640+) . As usual a profit booking came as we booked some gains. Last day we planned to buy above 40436 which hit our 1st target very smoothly and then fall came from there. 10 o'clock range broke downside below 40448 and gave 435 points gain. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 40535 then we will long for the target of 40800, 4100 and 41200. For selling we need a 15 Min candle close below 40195. Target will be 39900, 39710 and 39550. Be strict to trail sl to cost with RR ratio. 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 19 Oct 2022BANKNIFTY Intraday Trade Setup For 19 Oct 2022 Buy-Above 40436 Sl-40320 T-40600 40779 Sell-Below 40199 Sl-40315 T- 39950 39780 BANKNIFTY has closed on a positive note with 1% gain today. The daily range (39610-38430) was broken in the higher side and has given a very good move till now (39610-40435). Our 1st target was near 40500 which is almost hit. Next target is 40779. Keep trailing sl in 15 Min TF. As per last trade setup, 40300 acted as a resistance today and gave more than 160 points fall from there. 10 o'clock range broke upside @ 40350 and gave 80 points move. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 40436 then we will long for the target of 40600 and 40779. After 2nd target you can trail and ride. For selling we need a 15 Min candle close below 40199. Target will be 40070, 39950 and 39780. 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
Postmortem on #BankNifty - 18 OCT 2022Bank nifty opened gap up at 40252 much above the resistance level of 40154. The first candle was bearish, so was the price action till 09.35. But the support level of 40154 held quite strong and there was an immediate bounce. The green candle at 09.40 almost took back the bearishness of the preceding 3 candles. For the remainder of the day, bank nifty traded in this small range and finally closing at 40303 much above the support line - indicating strength. Again it was a classic day for the 9.20 straddlers - but who would have had the stomach to do it? Eventhough BN has set a bullish tone - the further upside may look challenging. BN is unable to rally through the day - the best option it took was to gap up. Resistance are taken out by gap ups instead of intraday rally. From where i see it - its a high risk game. The gap up is usually because of a change in fundamental. Currently the only fundamental that is changing is the quarterly results. If the results look ok - banks will not rally. If the results are superb - then we can expect further upside. But if the results are weak - then the impact towards downside will be heavy. 5mts TF look bullish as the resistances are taken out on consecutive sessions 1hr TF starting to look bullish - but we need a strong close above 40700 SR level Bank nifty important support and resistance lines s1:40154, s2: 39739 r1: 40691, r2: 41312
NSE:BANKNIFTY
by viswaram
Bank nifty Intraday levels for 19.10.2022Resistance level: 40477.50 Support level : 40230.55 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. ****Fib Retracement levels will act as the support or resistance**** Note: Pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:BANKNIFTY
by AATHIE
BANKNIFTY Intraday Trade Setup For 18 Oct 2022BANKNIFTY Intraday Trade Setup For 18 Oct 2022 Buy-Above 39975 Sl-39865 T- 40150 40300 40530 Sell-Below 39780 Sl-39890 T-39600 39400 39150 BANKNIFTY has closed on a positive note with 1.56% gain. In the weekend we discussed about the range which was 39610 and 38430 , above and below we planned for a directional move. Today the range has been broken @ 39610 and sustained , now trail sl to cost as and keep strict trailing in 15 Min TF to ride the up move. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39975 then we will long for the target of 40150 and 40300. Book max here and trail strictly to ride any further up move. For selling we need a 15 Min candle close below 39780. Post breakdown our target will be 39600. Below 39600 if sustained then we will hit 39400 and 39150. 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
Bank nifty Intraday levels for 18.10.2022Resistance level: 39917.65 Support level : 39717.50 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. Note: Pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:BANKNIFTY
by AATHIE
BANKNIFTY Intraday Trade Setup For 17 Oct 2022BANKNIFTY Intraday Trade Setup For 17 Oct 2022 Buy-Above 39610 Sl-39490 T- 39800 40050 40300 Sell-Below 39195 Sl-39310 T-39000 38830 38650 BANKNIFTY has closed on a negative note with positive gains on Friday. The gain (1.76%) was contributed only by the gap up. Important levels are 39610 and 38430 above and below which the next directional move will come. Till then avoid carrying any overnight positions. Above 39610 we will head towards 40500 and above. Below 38430 we will head towards 37400 and below. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 39610 then we will long for the target of 39800, 40050 and 40300. If a 15 Min closes below 39195 then we will short for the target of 39000, 38830-50 and 38650. 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
Bank nifty Intraday levels for 17.10.2022Resistance level: 39535.05 Support level :39028.65 If candles are sustaining or break above resistance level, we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level, we can expect downside move and the targets will be fib retracement levels as per chart. Note: pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:BANKNIFTY
by AATHIE
BANKNIFTY Intraday Trade Setup For 14 oct 2022BANKNIFTY Intraday Trade Setup For 14 oct 2022 Buy-Above 38860 Sl-38745 T-39000 39160 39330 Sell-Below 38435 Sl-38550 T-38226 38030 37845 BANKNIFTY has closed on a negative note with 1.26% cut. Last day we planned to sell below 38970 and this trade was triggered in the morning and hit all our targets. This trade gave straight fall from 38970 to 38440 and no trailing sl was hit till target. A perfect bounce was seen from 38500 level till 38850+. Today inside candle's low - was tested. Now if 38435 is breached then it will head lower. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 38860 then we will long for the target of 39000, 39165 and 39330. Above 39350 we can test 39600 also. For selling we need a 15 Min candle close below 38435. Target will be 38226 , 38030 and 37845. Index will be weak below 38500. 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
Bank nifty Intraday levels for 14.10.2022Resistance Level : 38784.10 Support Level : 38527.30 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. Note: pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:BANKNIFTY
by AATHIE
BANKNIFTY Intraday Trade Setup For 13 Oct 2022BANKNIFTY Intraday Trade Setup For 13 Oct 2022 Buy-Above 39165 Sl-39050 T-39330 39485 39600+ Sell-Below 38970 Sl-39085 T-38783 38640 38500 BANKNIFTY has closed on a positive note with 1% gain today. It has closed at day high. Today's sentiment will continue above today's high. It is still inside the inside candle's range which was formed last day. High of the mother candle is 39320 and low is 38500. A move can be expected either side on this range breakout. As per trade setup buy was triggered in the second half which gave a move from 39050- 39164. Also the plotted resistance @ 38900 acted strong and gave more than 200 points fall. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 39165 then we will long for the target of 39330,39485 and 39600+. For selling we need a 5/15 Min candle close below 38970. Target will be 38785, 38640 and 38500. Below 38500 there can be sharp fall. 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
4
Bank nifty Intraday levels for 13.10.2022Resistance Level : 39177.95 Support Level : 38899.55 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. Note: pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
NSE:BANKNIFTY
by AATHIE
BANKNIFTY Intraday Trade Setup For 12 Oct 2022BANKNIFTY Intraday Trade Setup For 12 Oct 2022 Buy-Above 39050 Sl-38940 T- 39175 39300+ Sell-Below 38620 Sl-38735 T-38500 38370 38226 BANKNIFTY has closed on a negative note with almost 1% cut. Last day it closed near day high and today near day low. Today's sentiment will continue below today's low. Also an inside candle has been formed in daily TF. Above the high (39320) and low (38500) of mother candle a directional move can be expected. Today short was triggered as per trade setup. In the 1st attempt sl was triggered but there were early signs of bounce as well. In the second attempt when sell triggered it gave the expected directional move (38840-38625). Coming to tomorrow's trade setup, if index opens flat and 5/15 Min candle closes below 38620 then we will short for the target of 38500, 38370 and 38226. A pullback/bounce before breakdown will be considered. For buying we need a 15 Min candle close above 39050. Target will be 39175, 39300 and above 39320 we will head towards 39500. 38900 can act as 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
1
Bank nifty Intraday levels for 12.10.2022Resistance Level : 38846.75 Support Level : 38462.75 If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. Note: pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
NSE:BANKNIFTY
by AATHIE
2
BANKNIFTY Intraday Trade Setup For 11 Oct 2022BANKNIFTY Intraday Trade Setup For 11 Oct 2022 Buy-Above 39320 Sl-39200 T-39500 39650 40000 Sell-Below 38845 Sl-38955 T-38520 38280 38000 BANKNIFTY has closed with a minor cut of 0.22%. Today's sentiment is bullish as it has closed dear day high and a sharp recovery was seen after opening. It directly opened at our sell trade's first target. As usual bounce came from support zones. 10 o'clock range broke upside @ 38815 and we got a clear cut move till 39300. This up move will continue if it sustains above today's high. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 39315 then we will long for the target of 39500, 39650 and last target will be near 40000. For selling we need a 15 Min candle close below 38845. Target will be 38518, 38280 and last target will be near 38000. 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 - 10 OCT 2022SPX fell 2.8% & NDQ 3.88% on friday and the handout to us today morning was not that positive. As expected bank nifty opened gap down 38461 below the support level of 38698. The first candle was bearish, closed down & may have indicated that the rest of the day will be negative. But what happened in the next 2 candles were the opposite, a hammer the 2nd candle and a bullish marubozu 3rd. The 3rd candle took out the now resistance indicating the day will not be negative but will trade above the 38698 level. And what happened from 10.10 to 12.50 was magic, for a moment i thought bank nifty is really on drugs. How does it find the strength to rally 700+ points on a negative macro day. Notice the price action between 12.30 to 13.00 below, it was right at the resistance level of 39326. BN did not break this resistance and then reversed course to a nice fall till 14.10. From 14.15 to close, BN regained some strength and closed quite strong according to me. Due to the rally today, the IVs were dropping and i could not really enter into any trade. I was expecting the option premiums to double and the IVs to skyrocket - but that did not happen. The traded volume on options were higher, but the premiums were lower indicating a range bound expiry so far this week. However these dynamics can change if the support or resistance is broken - you know how easy it is for bank nifty to send the options premium to the sky. Rs10 to Rs160 will not take even an hour. 5mts TF - does not show bearishness yet. The current pattern shows consolidation with a bullish bias 1hr TF also does not show the bearishness yet - price consolidation at current levels is what i infer Bank nifty important support and resistance liness1:38698, s2: 37946r1: 39326, r2: 39739 Thanks for reading Viswaram Finance! Subscribe for free to receive new posts and support my work.
NSE:BANKNIFTY
by viswaram