Get started

Bankniftyforecast

BANKNIFTY Intraday Trade Setup For 23 Sep 2022BANKNIFTY Intraday Trade Setup For 23 Sep 2022 Buy-Above 40931 Sl-40815 T-41221 41377 41529 Sell-Below 40500 Sl-40615 T-40300 40065 39867 BANKNIFTY has closed on a negative note with 1.39% cut. The daily candle is a spinning top which is a sign of indecision and these candle are formed whenever index trades in range. Range is 40280 and 41850. Breakout of this range will give us the next directional move. Last day we planned to short below 40889 and it has given more than 500 points gain. 10 o'clock range broke downside below 40795 and gave a move. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 40931 then we will long for the target of 41221, 41377 and 41530. If index opens flat and a 15 Min candle closes below 40500 then we will short for the target of 40300. Below 40280 we will head towards 40065 and 39867. 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
3
BANKNIFTY Intraday Trade Setup For 22 Sep 2022BANKNIFTY Intraday Trade Setup For 22 Sep 2022 Buy-Above 41331 Sl-41215 T-41509 41675 41840+ Sell-Below 40889 Sl-41000 T-40730 40500 40300 BANKNIFTY has closed on a slight negative note with 0.64% cut. Current hourly range of index is ATH - 41850 and 40500. Last day we planned to short below 41399 which has given a very good profit(41399-40890). A slight gap down was seen today. 10 o'clock range breakout also gave move below 41160 till 40890. A big gap up or down is expected tomorrow due to FOMC meet outcome. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 41331 then we will long for the target of 41509-50. 2nd target will be 41675. If sustains above then we will hit 42065. For selling we need a 5/15 Min candle close below 40890. Target will be 40730 and 40500. Below 40500 we ill slide till 40300 and below. 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 Sep 2022BANKNIFTY Intraday Trade Setup For 21 Sep 2022 Buy-Above 41680 Sl-41570 T-41840 42015 42205 Sell-Below 41400 Sl-41500 T-41200 40995 40730 BANKNIFTY has closed on a positive sentiment with 1.38% gain. It is at a striking distance from ATH. A fresh upside move will come above 41850. Last day we planned for a directional move above 41200 which came and gave more than 450 points although it opened with a decent gap up. 10 o'clock range broke upside above above 41506 and gave 170 points gain. Coming to tomorrow's setup, if index opens flat and a 15 Min candle closes below 41399 then we will short for the target of 41200. Below 41200 we hit hit 40995 and below. For buying we need a 15 Min candle close above 41670. Target will be near ATH- 41840. If it sustains above 41850 then we will head towards 42000 and 42200. 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 Sep 2022BANKNIFTY Intraday Trade Setup For 20 Sep 2022 Buy-Above 41185 Sl-41075 T-41350 41570 Sell-Below 40729 Sl-40845 T- 40550 40281 BANKNIFTY has closed on a neutral note with just 100+ points gain. Once again a range has been formed in BANKNIFTY which 41200 and 41500. Above and below we can expect a directional move of 700 points approximately. Last day we planned to buy above 40890 for the target near 41200 which was hit very smoothly and later took resistance from the marked resistance area. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 41185 the we will long for the target of 41350 and 41570. For selling we need a 15 Min candle close below 40729. Post breakdown target will be near 40550. Below 40500 we will break the range and we will will head towards 40290 and below. 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 Sep 2022BANKNIFTY Intraday Trade Setup For 19 Sep 2022 Buy-Above 40900 Sl-40790 T- 41200 41500 Sell-Below 40500 Sl- 40610 T- 40300 40085 BANKNIFTY has closed on a negative note with more than 1% cut. On 15 Sep a shooting was spotted at ATH and we planned to short below the candle's low - 41150 and it gave a good directional move of 600+ points. Now the weekly candle is a shooting star. Next move will be triggered below and above shooting star's low and high respectively. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 40890 then we will long for the target of 41100, 41200 and 41500 if 41200 is sustained. This trade will be best if we get a pullback before breakout and should be considered. For selling we need a 5/15 Min candle close below 40500. Downside targets will be 40280, 40085 and 39865. 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 Sep 2022BANKNIFTY Intraday trade Setup For 16 Sep 2022 Buy-Above 41525 Sl-41415 T-41763 42027 Sell-Below 41150 Sl-41265 T-40843 40465 BANKNIFTY has closed on a negative note today with almost 0.5% gain. Today it made a fresh ATH. Last day we planned to buy above 41630. It gave more than 200 points gain and hit ATH then took resistance and fell. It has made a shooting star candle and closed near day low. Below today's low we can expect a profit booking. Important resistance now is 41850. Swings will be bigger in intraday for some time, so trade with caution. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 41150 then we will short for the target of 40843 and 40465. Always trail with RR management as swings will be bigger. For buying we need a 15 Min candle close above 41525. Upside target will be near 41763-41800. Above 41850 we will hit 42027. 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 15 Sep 2022BANKNIFTY Intraday Trade Setup For 15 Sep 2022 Buy-Above 41630 Sl-41525 T-42003 42305 Sell-Below 41275 Sl-41385 T-41050 40800 BANKNIFTY has closed on a very positive note with 1.3% gain. The swing swing breakout which happened on 5 Sep above 39760 has given a a good target today. There was a nice breakout and pullback setup and confirmation was 40100 which we had already planned before the move. We planned to trade on 10 o'clock range breakout in case of any big gap up/down. 10 o'clock range broke upside above 40835 and a gave a straight rally till 41625. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 41630 then we will long and trade the continuation for the target of 42000 and 42305. For selling we need a 15 Min candle close below 41275. A pullback is needed before breakdown. Target will be 41050 and 40800. 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 Sep 2022BANKNIFTY Intraday Trade Setup For 14 Sep 2022 Buy-Above 40905 Sl-39800 T-41100 41250 Sell-Below 40690 Sl-40800 T-40530 40280 BANKNIFTY has closed on a positive note with 0.75% gain. The daily candle looks like hanging man. Below if it gets a follow up then a pullback of the up move will come. Above its high bullishness will continue. Last day we planned to buy above 40685 for the target of 40930. Targets was met at the end. But it opened with slight gap up. We already planned to trade on 10 o'clock range breakout. It broke above 40831 and gave 70 points gain. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 40905 then we will long for the target of 41100 and 41259. For selling we need a 5/15 min candle close below 40693. Post breakdown we will short for the target of 40530 and 40280. 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 13 Sep 2022BANKNIFTY Intraday Trade Setup For 13 Sep 2022 Buy-Above 40690 Sl-40590 T-40800 40935 Sell-Below 40530 Sl-40630 T-40413 40280 BANKNIFTY has closed on a positive note with 0.39% gain. Its an pause cum reversal candle formed in daily TF also its an inside candle. Above and below mother's candle high and low we can expect a direction move. Last day we planned to buy above 40475 this trade gave more than 200 points gain. 10 o'clock range breakout gave just 80 points move as it turned sideways after 10 o'clock. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 40690 then we will long for the target of 40800 40937 and above. If index opens flat and a 5 min candle closes below 40530 then we will short for the target of 40413 and 40280. Important range is 40700 and 40280, above and below a direction move can be expected. 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 Sep 2022BANKNIFTY Intraday Trade Setup For 12 Sep 2022 Buy-Above 40475 Sl-40370 T-40655 40935 41260 Sell-Below 40280 Sl-40385 T-40040 39820 39650 BANKNIFTY has closed with 0.5% gain on Friday. A slight profit booking was seen ahead of weekend. A spinning top candle has been formed in daily charts which is sign of confusion. Above candle 's high the current uptrend will resume and below below candle's low we can expect some profit booking. Last week 39760 which was the swing high in daily charts was broken and we have seen almost 900 points fresh rally. Coming to Monday's trades setup, if index opens flat and a 5/15 Min candle closes above 40475 then we will long for the target of 40650. Above 40700 we will head towards 40935-50. For selling we need a 5/15 Min candle close below 40280. Post breakdown we will head towards 40042 and 39817. 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 9 Sep 2022BANKNIFTY Intraday Trade Setup For 9 Sep 2022 Buy_1-Above 40270 Sl-40165 T-40465 40600 Buy_2- From 39940 Sl-39840 T-40100 40250 Sell-None BANKNIFTY has closed on a positive sentiment with almost 2% gain. It has closed above the hourly range of 39800 which was since last 2 weeks. Important support is 39200 below which this breakout will fail. Now the next resistance is 41400. Last day we planned to buy above 39575 but it opened with a decent gap up. We already planned to trade on 10 o'clock range breakout in case of any gap up/down. It broke upside above 39990 and gave a move till 39265. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 40270 then we will long for the target of 40465 and 40600. If it opens gap down near 39920-40 then we will long from this level for the target of 40100 and 40250. 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 Sep 2022BANKNIFTY Intraday Trade Setup For 8 Sep 2022 Buy-Above 39575 Sl-39465 T-39760 39905 Sell-Below 39255 Sl-39365 T-39060 38850 BANKNIFTY has closed on a negative note with 0.5% cut. The hourly range was tested a day before. Breakout of the hourly range will be confirmed above 40100. Last day we planned to sell below 39560 but it opened with a decent gap down. But our sell level was treated as stiff resistance and fell more than 150 points. We already planned to trade on 10 o'clock range breakout in case of any gap up/down. It broke upside above 39500 and gave just 60 points then turned sideways. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 39575 then we will long for the target of 39760, 39905. Extended target will be 40000+. For selling we need a 5/15 Min candle close below 39257 then we will short for the target of 39000-39060. 2nd target will be 38850. 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 Sep 2022BANKNIFTY Intraday Trade Setup For 7 Sep 2022 Buy-Above 40075 Sl-39965 T- 40250 40410 Sell-Below 39564 Sl-39675 T-39350 39160 39000 BANKNIFTY has closed on a slight negative sentiment and closed with 0.35% cut. Closing is still above PDL, weakness and selling pressure will build when it will trade and close below PDL. Last we planned to buy above 39870. It opened with a decent gap up and tested our buy target in the 1st 5 Min. We already planned to trade on 10 o'clock range breakout in case any gap up/down. It broke below 39760 and gave a move till 39565. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 39560 then we will short for the target of 39350, 39160 and 39000. For buying we need a 15 min candle close above 40075. upside targets will be 40250 and 40410. 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 6 Sep 2022BANKNIFTY Intraday Trade Setup For 6 Sep 2022 Buy-Above 39870 Sl-39750 T- 40100 40410 Sell-Below 39725 Sl-39830 T-39600 39400 BANKNIFTY has closed on a positive note with almost 1% gain. The daily and hourly range has been given a ceiling test today; it has tested the swing high of 39760 and closed above 39800. A bullish momentum can be expected above today's high- 39870. Sharp/moderate selling will come below 39400 on closing basis. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 39870 then we will long for the target of 40105, 40000 is a psychological level in between. Final target in case a strong bullish move will be 40410. For selling we need a 15 min candle close below 39725. Downside target will be near 39570-39600. Post bounce from this zone if it is broken then we will head towards our 2nd target near 39350-39400. Safe traders should short below 39680. 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 5 Sep 2022BANKNIFTY Intraday Trade Setup For 5 Sep 2022 Buy-Above 39600 Sl-39490 T-39845 40100 Sell-Below 39200 Sl-39320 T-38970 38790 BANKNIFTY has closed on a flat note with slight gain and formed a doji candle in daily TF. Closing above and below the high and low of the doji will give us sentimental direction next day. Broader range is 39800 and 37900. Above and below this range a directional move is expected. In weekly TF it is still positive. Coming to Monday's trade setup, if index opens flat and a 5/15 Min candle closes above 39600 then we will long for the target of 39845, 40000 and 40100. For selling we need a 5/15 Min candle close below 39200 then we will short for the target of 38970 and 38787. Post a bounce from 38800 zone if this support breaks then we will see a good downside move. 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 2 Sep 2022BANKNIFTY Intraday Trade Setup For 2 Sep 2022 Buy-Above 39390 Sl-39275 T-39600 39845 40093 Sell-Below 38980 Sl-39100 T-38700 38445 38150 BANKNIFTY has closed with 0.6% cut. It opened with a big gap down then recovered totally and has closed at mid point of the intraday range. All previous day levels were invalid due the big gap down. But we expected for a bounce from 38900 which was well discussed in the last trade setup. BANKNIFTY is more stronger than NIFTY. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 39390 after a pullback then we will long for the target of 39600, 39845 and 40093. For selling we need a 15 Min candle closes below 38980. Downside target will be 38700, 38445 and 38150. A bounce can be expected from 38800 (38700-800). 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 1 Sep 2022BANKNIFTY Intraday Trade Setup For 1 Sep 2022 Buy-Above 39610 Sl-39500 T- 39800 40000+ Sell- Below 39200 Sl-39315 T-38910 38710 BANKNIFTY has closed on a positive note on Tuesday with more than 3% gain. It was complete short covering move that took place. Last day we planned to buy above 38400 it opened with a decent gap up. In that case we already planned to trade the 10 o'clock range breakout. 10 o'clock range broke upside above 38888 and gave non stop rally till 39600. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 39610 then we will long for the target of 39800 and 40000+. For selling we need a 15 Min candle close below 39200. Post breakdown we will short for the target of 38910. A bounce can be expected from 38900-50. 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 30 Aug 2022BANKNIFTY Intraday Trade Setup For 30 Aug 2022 Buy-Above 38400 Sl-38290 T-38635 38835 39035 Sell-Below 38160 Sl- 38270 T-37995 37665 37400 BANKNIFTY has tested the daily swing low 37945 which is the neckline for the next downside movement. It gave a sharp bounce from 38000 till 38397+. We planned to trade on the 10 o'clock range in case of any big gap up/down. But after the sharp bounce in the 1st 45 Min it just consolidated between 10 o'clock range. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 38400 then we will long for the target of 38635-55, 38835 and 39035. For selling we need a 15 Min candle close below 38160. We will short for the target of 38000 after a bounce from 38000 if 37940 is broken then a sharp fall can be seen till 37665 and 37400. 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