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Bankniftyforecast

Bank nifty intraday levels for 10.10.2022Resistance Level : 39150.80 Support Level : 38785.55 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 10 Oct 2022BANKNIFTY Intraday Trade Setup For 10 Oct 2022 Buy-Above 39240 Sl-39125 T-39437 39600+ Sell-Below 39805 Sl-39920 T-38570 39300 BANKNIFTY has closed almost flat on Friday as NIFTY did. A range has been formed on the last trading session. That will be used to build our next day's intraday setup. Broader weekly range is 41850 and 37380. A parallel channel is being followed in hourly TF, keep an eye on that. Important support in hourly TF is 38800. Below this trendline will be broken. Coming to Monday's trade setup, if index opens flat and a 5/15 Min candle closes above 39240 then we will long for the target of 39437 and 39600. If 39610 is sustained we will head towards 39815 and 40040. A pullback is needed before breakout. For selling we need a 5/15 Min candle close below 38805. Post breakdown target will be 38570 and 38300. If fall is sustained then we may test 37950 as 38800 is important support in hourly TF. Index will be weak below 38950. 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 7 Oct 2022BANKNIFTY Intraday Trade Setup For 7 Oct 2022 Buy-Above 39405 Sl-39290 T-39600 39815 40040 Sell-Below 39230 Sl-39345 T-39050 38877 39600 BANKNIFTY has closed with slight gain which is contributed only by gap up. It opened with a huge gap up and traded inside a range almost the whole day. 10 o'clock range broke upside and gave 75 points. The daily candle is a shooting star which indicates a selling pressure. Below today's low a down side move will come and upside move will be paused below PDL. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 39230 then we will short for the target of 39050, 38877 and extended target will be 38570. For buying one should wait till a 15 Min candle closes above 39610. Aggressive traders can long above 39405 for 120-150 points target. Be strict with RR targets with proper trailing. 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 07.10.2022Resistance Level: 39614.25 Support Level:39110.85 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
Bank Nifty Trade Setup for 6th October 2022Market Outlook is clearly bullish, especially with Bank Nifty daily candle making a close above 10 EMA. Now the focus is to identify whether this trend would keep going up or have a pull back to 10 EMA again before continuing the uptrend. (Later has a higher chance of happening.) - Charts : Bullish (Crossed 10 EMA in daily chart.) - OI Data : Inconclusive (Especially due to the large call OI presence at 39k even after the bullishness on Tuesday) - FII Activity : Super Bullish (Significant Long positions added in Options, Massive buying in futures) Verdict :- Over short term outlook for market is clearly bullish. We should expect a gap opening unless we get a big negative news from global markets. Potential for a pull back to 10 EMA is present in daily chart. Expecting a movement between 39.5k and 38.5k If the opening is with a gap up, potential for a retest of yesterdays close is high. If it opens flat, we can expect a movement up.
NSE:BANKNIFTY
by syamrajk
BANKNIFTY Intraday Trade Setup For 6 Oct 2022BANKNIFTY Intraday Trade Setup For 6 Oct 2022 Buy-Above 39180 Sl-39065 T-39413 39731 40040 Sell-Below 38875 Sl-38985 T-38570 38277 38000 BANKNIFTY has closed on a positive note with 2.84% gain. After our short trade's (40280-37850) tsl was hit in index @ 37850 since then index has started recovery. Hourly swing high 38811 was broken on 4 Oct, this has initiated the pullback of the down move we saw previously. This pullback can extend till 40040-40370. Till previous day low (PDL) is safe in closing basis then this pullback move will be intact. Next downside move will come below 37380 or till any fresh shorting price action is spotted. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 39180 then we will long for the target of 39413, 39731 and extended target will be 40040. For selling we need a 5/15 Min candle close below 38877. Target will be 38570, 38277 and extended target will be 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
Bank nifty Intraday levels for 06.10.2022Resistance Level: 39146 Support Level:38955.80 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 4 Oct 2022BANKNIFTY Intraday Trade Setup For 4 Oct 2022 Buy-Above 38390 Sl-38280 T-38560 38800 Sell-Below 37960 Sl-38070 T-37690 37400 BANKNIFTY has closed with 1.56% cut and formed an inside candle in daily TF. Breakout of the mother candle's range will give us a move either side. Last we planned to short below 37530 this trade worked perfectly but it opened with a big gap down. So we already planned to trade 10 o'clock range breakout in case of gap up/down. It broke downside and gave a move but with huge volatility. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 37960 then we will short for the target of 37690 and 37400. A pullback before breakdown is needed. For buying we need a 15 Min candle close above 38400. 1st target will be 38560 then 38800+. 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
Bank nifty Intraday levels for 04.10.2022Resistance Level: 38288.25 Support Level:37731.25 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 3 Oct 2022BANKNIFTY Intraday Trade Setup For 3 Oct 2022 Buy-Above 38815 Sl-38700 T-39000 39200 Sell-Below 38530 Sl-38650 T-38200 37889 BANKNIFTY has closed on a positive note and formed a bullish engulfing candle on Friday. On Friday our TSL for short trade was triggered as previous high was tested in 15 Min TF. This trade gave us a fantastic straight move below our shot level (40280-37850). Next selling pressure will resume below Friday's low- 37380. We need more price action to make a fresh directional move upside. Coming to Monday's trade setup, if index opens flat and a 15 min candle close above 38811, then we will long for the target of 39000 and 39200+. For selling we need a 15 Min candle close below 38530. Target will be 38200 and 37889. 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 3.10.2022Resistance Level: 38901.85 Support Level:38551.30 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
Bank nifty Intraday levels for 30.09.2022Resistance Level: 38085.65 Support Level:37540.85 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 30 Sep 2022BANKNIFTY Intraday Trade Setup 30 Sep 2022 Buy-Above 37850 Sl-37735 T-38125 38350 Sell-Below 37535 Sl-37650 T-37300 37100 BANKNIFTY has closed on a negative note with 0.3% cut. Today it opened with a big gap up and 10 o'clock range broke downside below 37925 and gave a trendy move till 37540. Our positional short's trailing sl is intact to last swing high - 38370. Above which a pullback of the current down move may come. Also tomorrow is RBI Credit policy , safe traders should avoid trading tomorrow especially in the first half. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 37535 then we will short for continuation for the target of 37300 and 37100. For buying we need a 15 Min candle close above 37850. Upside targets will be 38125 and 38350. 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
6
BANKNIFTY Intraday Trade Setup For 29 Sep 2022BANKNIFTY Intraday Trade Setup For 29 Sep 2022 Buy-Above 38370 Sl-38250 T-38700 39000 Sell-Below 37625 Sl-37740 T-37365 37145 BANKNIFTY has closed on a negative note with 1.56% cut. Today our short trade gave more than 6.5% gain which was triggered on 23 Sep 2022 (40280-37627). Now you can book some profit or trail to last swing high - 38370 or PDH but that is big tsl BTW. Last day we planned to short below 38180 for the target of 37933 and below. However this trade worked. 10 o'clock range broke upside and gave 110 points move. Coming to tomorrow's trade setup, if index opens flat and a 5 min candle closes below 37625 then we will short for the target 37365 and 37145. Be strict in trailing as tomorrow is Monthly expiry. For buying we need to wait for a 15 Min candle close above 38370. Target will be 38700 and 39000. We may trade inside today's high and low as after a big move we are likely to consolidate. 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 - 28 SEP 2022 Banknifty opened gap down at 38081 and in the first 5mts candle itself it took out the support line of 37946. There was an immediate bounce somehow giving us the impression that the support was intact, the minor pullback tried to close the gap but lost steam by 10.15. The fall from 10.20 to 10.45 looked interesting because the support level proved quite important now, already in the day it held its shape twice. The trades from 11.10 to 13.20 although lacked strength looked very shallow. #ICICIBank had moved to the positive territory in this window and was providing great support. None of the other banks like #HDFCBk & #SBIN were in positive territory. The move from 13.30 to the close of day was having great conviction towards the negative side. I was also quite surprised to see the big red candle in #AXISbank at 14.05 (which was accompanied by heavy volumes). The last 15 to 20mts saw heavy short positions been taken at the call side. The farthest OTM of 46500 CE was traded more than 1 crore - this might be a new record, at least i have not seen this much volume in the strike that is 9000 points away from ATM 5mts TF - showing bearishness. Banknifty is continuing to break supports with no or nil rally to the nearest resistance lines. 1hr TF also showing bearishness. For any fightback BN has to take out the 38697 resistance immediately. Bank nifty important support and resistance lines s1:37247, s2: 36559 r1: 37946, r2: 38698 more ideas at viswaram.substack.com no predictions, no trade recommendations !
NSE:BANKNIFTY
by viswaram
BANKNIFTY Intraday Trade Setup 28 Sep 2022BANKNIFTY Intraday Trade Setup 28 Sep 2022 Buy-Above 38710 Sl-38595 T-39023 39230 Sell-Below 38180 Sl-38290 T-37933 37633 BANKNIFTY has closed on a negative note with 0.67% cut. Today 5% target was achieved in the short target which was triggered below 40280 on 23 Sep. Now trail sl to last swing high 38710 and ride for any further fall. While 39050 is the reversal point. Today it opened with a decent gap up and 10 o'clock range broke downside below 38750 and gave a move till 38185. Coming to tomorrow's trades setup, if index opens flat and 15 Min candle closes above 38710 then we will long for the target of 39023 and 39230. For selling we need a 5 Min candle close below 38180. Target will be 37933. Post bounce we will head towards 37633. 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 28.09.2022banknifty Resistance Level: 38547.20 Support Level:38006.95 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. 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
BankniftyThe global market indicates a positive start. Market nature is bearish to slightly bullish. Market may open a little bit gap-up. If the market breaks the previous day minor high, we will expect a minor pullback. min( nifty 38 to 50% and BN 23 to 38%. if the market rejects after that pullback, we will expect a trend continuation means, a minor 5th correctional wave. On the other hand, if the market takes consolidation after that pullback, that's a sign of pullback continuation). And second, if the market breaks the previous day low that's a sign of trend continuation.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 27 Sep 2022BANKNIFTY Intraday Trade Setup For 27 Sep 2022 Buy-Above 38990 Sl-38880 T-39230 39510 Sell-Below 38490 Sl-38610 T-38185 37950 BANKNIFTY has closed on a negative note with 2.35% cut. Short was triggered on 23 Sep 2022 as important range (41850-40280) was broken. Range length is 1570 points and this target is met today (40280-38493). Trail sl to last previous day high if you want to ride the move if market falls further. 39000 is also very important to keep an eye. Last day we planned to short below 39410 which worked as expected. But it opened with a huge down and 10 o'clock range broke downside below 38640 and gave a move till 38493. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 38490 then we will short for the target of 38185 and 37950. For buying we need a 15 Min candle close above 38990. Targets will be 39230 and 39510. Keep a strict trailing method with RR in both side. 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 26 Sep 2022BANKNIFTY Intraday Trade Setup For 26 Sep 2022 Buy-Above 39650 Sl-39535 T-39820 40000 40300 Sell-Below 39410 Sl-39525 T- 39250 39151 38960 BANKNIFTY has closed on negative sentiment on Friday with 2.67% cut. Last day we planned to short below 40500 and it hit all targets with extended gains (40500-39415). Important range (41850-40280) shifted on Friday and that was the reason behind a fast downside move. The breakout level was also the low of the weekly shooting star which got triggered hence a double force move came. Trail sl to cost for any further fall. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 39650 then we will long for the target of 39821 and 40000. Above which we can retest breakdown level- 40300. For selling we need a 5 Min candle close below 39410. Downside targets will be 39250 and 39150. Below that we will head towards 38775. 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