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BANKNIFTY Intraday Trade Setup For 29 Aug 2022BANKNIFTY Intraday Trade Setup For 29 Aug 2022 Buy-Above 39225 Sl-39110 T-39400 39650 Sell-Below 38800 Sl-38910 T-38635 38475 38300 BANKNIFTY has closed made an inside candle on Friday and closed almost flat. In fact the weekly close is also absolutely flat. Next upside momentum will be above 39800 and downside move below 37950. We are likely to trade between this range. Coming to Monday's trade setup, if we open flat and a 15 Min candle closes below 38850, we will be ready to short below 38800 for the target of 38635, 38475 and extended target will be 38300. For buying we need a 15 Min candle close above 39225. Target will be 39470 and 39750. 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 Aug 2022BANKNIFTY Intraday Trade Setup For 26 Aug 2022 Buy-Above 39475 Sl-39375 T-39615 39750 Sell_1-Below 38800 Sl-38910 T-38650 38530 Sell_2-From 39215 Sl-39315 T-39000 38800 BANKNIFTY has closed on a negative note with slight cut, closing is near day low. It opened with a decent gap up and tested our 1st buy target which was a PRZ area. Market exactly fell from the resistance zone. It also broke 10 o'clock range upside and gave small profit of 85 profits, later it broke downside and gave a good move. Coming to Friday's trade setup, if index opens flat and a 5 Min candle closes below 38800 then we will short for the target of 38650 and 38550. One short position can be opened from 39215 for the target of 39000 and and 38800. For buying we need to wait till today's high- 39475 is broken and sustained in 15 TF. Upside targets will be 39615 and 39750. 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 25 Aug 2022BANKNIFTY Intraday Trade Setup For 25 Aug 2022 Buy-Above 39125 Sl-39000 T-39375 39555 39760 Sell-Below 38775 Sl-38900 T-38600 38360 38185 BANKNIFTY has closed in a positive sentiment with nearly 0.9% gain. last day we planned to buy above 38870 on a flat opening. Market opened with a decent gap down. 10 o'clock range broke upside above 38834 and gave more than 120 points move. Overall sentiment is still bullish. Important level for a swing move is above 39800 and below 37950. Coming to Expiry day trade setup, on a flat opening if today's high is crossed and a 5 Min candle is closed above 39121 then we will long for the target of 39375, 39555. If market opens with a very big gap up then we will avoid long positions. For selling we need a 5 Min candle close below 38775. Target will be 38550-38600. Next targets are 38360 and 38185. 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 Aug 2022BANKNIFTY Intraday Trade Setup For 24 Aug 2022 Buy-Above 38870 Sl-38650 T-39190 39375 39555 Sell-Below 38490 Sl-38600 T-38200 38000 BANKNIFTY has closed on a positive note today with more than 1% gain. It opened with a decent gap down near 37950 and a sharp recovery was seen from opening levels which a PRZ level plotted in yesterday's setup. Last day we planned to trade the 10 o'clock range in case of any big gap up/down. 10 o'clock range broke upside above 38570 and gave a move till 38869. Coming to tomorrow's trade setup, if we open flat and a 5/15 Min candle closes above 38870 then we will long for the target of 38200. Next upside targets will be 39375 and 39555. For selling we need a 5/15 Min candle close below 38490. Post breakdown we will short for the target of 38200 Below 38180 we will test 37950 again. 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 Aug 2022BANKNIFTY Intraday Trade Setup For 23 Aug 2022 Buy-Above 38480 Sl-38370 T-38680 38850 Sell-Below 38250 Sl-38360 T-38025 38335 38680 BANKNIFTY has closed on a negative note with 1.77% cut today. In the weekly analysis we discussed that market is set to give a correction of the huge up move. Weekly shooting is active now. Previous day we planned to sell below 38845 for target of 38300. It hit targets. Only issue was that it opened with a decent gap down. 10 o'clock range broke downside below 38370 and gave a move till 38250. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below today's low- 38245 then we will short for the target of 38030, 37835 and 37680. We will long above 38480 on a 15 Min candle close for the target of 38480 and 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
2
BANKNIFTY Intraday Trade Setup For 22 Aug 2022BANKNIFTY Intraday Trade Setup For 22 Aug 2022 Buy-Above 39195 Sl-39090 T-39390 39565 Sell-Below 38845 Sl-38950 T-38650 38475 38290 So after a straight rally of more than 20% in 2 months we have taken a pause. Trailing sl in long got triggered on Friday as daily candle closed below PDL. A shooting star candle has been formed in weekly TF which indicates a trend reversal which will be the pullback of the whole up-move. Activation of the shooting star candle is below its low 38845. In case bulls take out the high then we will test ATH. Coming to Monday's trade setup, a bearish engulfing has been formed in daily charts which indicates a bearish sentiment. So, if index opens flat and a 5 Min candle closes below 38845 then we will short for the target of 38650, 38475 and 38290. Book max @ 38280-90, PRZ placed. For buying we need a 15 Min candle close above 39195. Upside targets will be 39390 and 39565. Book max at 39565, PRZ placed. 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. Weekly View
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 19 Aug 2022BANKNIFTY Intraday Trade Setup For 19 Aug 2022 Buy-Above 39705 Sl-39690 T-39850 40025 Sell-Below 39500 Sl-39615 T-39300 39120 BANKNIFTY gas closed on a positive note once again with 0.5% gain. Today it opened with a slight gap down but closed at day high. Bullish sentiment is on and will be till it closes above previous day low. Weakness will come only when daily candle closes below PDL. Last day we planned to sell below 32300, level was tested but candle did not close. We also planned to buy above 39505, it hit our 1st target and gave more than 100 points. Coming to tomorrow's trade setup, if index opens flat and 5/15 Min candle closes above 39705 then we will long for the target of 39850, 40025. Extended target will be 40185. 40k is a psychological level, consider booking profits. For selling we need a 15 Min candle close below 39500. Post breakdown we will short for the target of 39300. Below 39290 we will test 39120 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 18 Aug 2022BANKNIFTY Intraday Trade Setup For 18 Aug 2022 Buy-Above 39505 Sl-39400 T-39650 39775 39905 Sell-Below 39305 Sl-39405 T-39200 39120 39000 BANKNIFTY has once again closed on a positive sentiment with more than 200 points gain. The bullish sentiment is on as we are closing above previous day low everyday. Bullish sentiment will take a halt only when a daily candle closes below previous day low. Last day we planned to buy above 39290 on a 15 Min candle close. It hit both our targets and gave more than 200 points gain (39290-39500+). Coming to tomorrow's trade setup, if index opens flat and 15 Min candle closes above today's high- 39505 then we will long for the target of 39650, 39775 and 39905. Safe traders should enter 39550 as a strong bullish momentum is expected above this level. For selling we need a 15 Min candle close below 39305. Post breakdown we will short for the target of 39200, 39120 and below 39100 we will head towards 39000 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
2
BANKNIFTY Intraday Trade Setup For 17 Aug 2022BANKNIFTY Intraday Trade Setup For 17 Aug 2022 Buy-Above 39290 Sl-39170 T- 39425 39533 Sell-Below 39120 Sl- 39250 T-38960 38825 BANKNIFTY has closed on a positive note with more than 200 points gain. More than half of the gain came via gap up. The daily candle is like a spinning top. Below candle's low we can expect a selling pressure to build. But if low is safe and high is broken then bullish sentiment will be triggered and we will head higher. Tomorrow's closing will be important to watch. Coming to tomorrow's trade setup, if index opens flat and 15 Min candle closes above 39290 we will long for the target of 39425. Above 39450 we will hit 39533. 39533-50 is a resistance area. For selling we need a 15 Min candle below 39120. Post breakdown we will hit 38957 and 38825. 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 Aug 2022BANKNIFTY Intraday Trade Setup For 16 Aug 2022 Buy-Above 39090 Sl- 38970 T-39222 39355 39517 Sell-Below 38955 Sl-39070 T-38821 38740 38650 BANKNIFTY has closed a positive sentiment with more than 0.4% gain. It has closed above the psychological level 39000. Index is bullish till it closes above previous day low. Closing below PDL will be a sign of weakness in the current supper bullish move. Next major resistance lies near 39517(100 +/-). There is no weakness in any TF as of now. But we will give a pullback of this mega up move or consolidate at higher level. This will be confirmed with price action and will be noticed. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39090, we will long for the target of 39222, 39355 and 39517. For selling we need a 15 Min candle close below 38955. Post breakdown we will hit 38820, 38740 and 38450. 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 Future Key Trading Levels for 16th Aug 2022 BankNifty Future Key Trading Levels for 16th Aug 2022 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 views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:BANKNIFTY1!
by sbkurandwad77
BANKNIFTY Intraday Trade Setup For 12 Aug 2022BANKNIFTY Intraday Trade Setup For 12 Aug 2022 Buy-Above 38935 Sl-38800 T-39075 38215 Sell-Below 38775 Sl-38900 T-38650 38500 BANKNIFTY has closed with a 1.55% gain today. It opened with a big gap up today and headed higher in intraday. 10 o'clock range broke upside and gave very less momentum only about 100 points. Index has closed below psychological level 39000. Above today's high bullish momentum may continue. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above today's high- 38935 then we will long for the target of 39075 and 39215. Always trail sl to ride the full move. For selling we need a 15 min candle close below 38775. Downside target will be 38500 ,38400 and 38280. 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 Aug 2022BANKNIFTY Intraday Trade Setup For 11 Aug 2022 Buy-Above 38405 Sl-38300 T-38525 38620 Sell-Below 38150 Sl-38250 T-38000 37835 BANKNIFTY has closed almost flat with a slight gain and formed a doji candle in daily TF. Next momentum will come Doji's high- 38405 and below its low 38150. A symmetrical triangle formation can be seen in 15 Min TF. 15 Min candle close above and below the trendline will trigger a breakout move either side. This will be best on a flat opening. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above today's high- 38405 then we will long for the target of 38525 and 38620. For selling we need a 15 min candle close below 38150. Target will be 38000. Below 38000 post bounce we will head towards 37835. However index will be weak below 38190. 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 Aug 2022BANKNIFTY Intraday Trade Setup For 10 Aug 2022 Buy-Above 38305 Sl-38190 T-38450 38619 Sell-Below 38150 Sl-38260 T-38000 37700 BANKNIFTY has closed on a positive note with 0.8% gain. It has closed near day high. Last day we planned to sell below 37780 it gave almost 100 points. However 15 Min candle did not close below 37780. Later buy triggered above 38035 and this trade has hit 2 targets and gave a move from 38035-38300+. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 38305 then we will long for the target of 38450 and 38619. For selling we need a 15 Min candle close below 38150. Targets will be 38000, after a bounce from 38000 if 38000 is closed in 15 Min TF then we will head 37860 and 37700. 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 8 Aug 2022 BANKNIFTY Intraday Trade Setup For 8 Aug 2022 Buy-Above 38035 Sl-37920 T-38150 38350 38500 Sell-Below 37780 Sl-37900 T- 37655 37520 37350 BANKNIFTY has formed an inside candle in daily TF. It closed with a 0.45 gain on Friday. Next momentum will come above mother candle's high (38250) and low (37200). Important resistance is 38250 and support is 37200. Next momentum will come above these levels. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 38035 we will long for the target of 38150. Above 38235 we will head towards 38500 and 38677. If a 15 Min candle closes below 37780 we will short for the target of 37656 and 37520. Below 37500 we will head towards 37350. 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 Aug 2022BANKNIFTY Intraday Trade Setup For 05 Aug 2022 Buy-Above 37840 Sl-37720 T-38000 38120 Sell-Below 37520 Sl-37650 T-37220 37000 BANKNIFTY has closed on negative sentiment with 0.6% cut today. The daily candle range is too big as it was too volatile in intraday today. Last day we planned to buy above 38180 on a 5 Min candle close. Level was tested but none 5 Min candle closed above. Later 10 o'clock range broke downside below 38050 and gave a directional move till 37250. Mid way our sell level(37690) was also triggered. Tomorrow is RBI credit policy so one should avoid trading tomorrow as sentimental moves will be seen rather than technical. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 37840, we will long for the target of 38000 and 38120. Above 38250 fresh upside move can be seen. For selling we need a 15 Min candle close below 37520. Post breakdown we will short for the target of 37350, 37220 below 37200 we will test 37000. 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 04 Aug 2022BANKNIFTY Intraday Trade Setup For 04 Aug 2022 Buy-Above 38180 Sl-38070 T-38350 35550 Sell-Below 37690 Sl-37800 T-37550 37430 BANKNIFTY has closed flat today. It is an inside candle in daily TF which is evident that we are consolidating in a range. Last day we planned to sell below 37800. This trade gave more than 100 points profit. Today's closing is near day high which is a positive sentiment. Above and below mother candle's high(38180) and low(37630) we can expect a directional move. Index is bullish till it closes above previous day low. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 38180, we will long for the target of 38330 and 38555. For selling we need a 5/15 Min candle close below 37690. Post breakdown target will be 37550, 37430 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
2
BANKNIFTY Intraday Trade Setup For 3 Aug 2022BANKNIFTY Intraday Trade Setup For 3 Aug 2022 Buy-Above 38180 Sl-38060 T-38350 38555 Sell-Below 37800 Sl-37900 T-37630 37400 BANKNIFTY has closed with a slight positive gain today. Sell level was triggered but immediately a bullish engulfing was formed after the breakdown, it was evident to suggest that bulls are ready to buy the dip and eventually our 100 points sl was hit in sell side. That is why intraday data is very important. Overall it was a volatile session where swings were too volatile. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 38180, we will long for the target of 38350 and 38550. For selling we need a 15 Min candle close below 37800. Post breakdown we will head towards 37630 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
BANKNIFTY Intraday Trade Setup For 2 Aug 2022BANKNIFTY Intraday Trade Setup For 2 August 2022 Buy- Above 37940 Sl- 37820 T-38110 38250 Sell-Below 37680 Sl-37800 T-37500 37300 BANKNIFTY has once again closed on a positive note with more than 1% gain. It has closed below psychological level 38000.Last day we planned to buy above 37550. 1st few min were too volatile. A Pin Bar was formed in 5 Min and in the 9:45 Min candle (5 Min) our long was triggered again and it hit our targets very smoothly. It gave 1% profit (37550-37939). Coming to tomorrow's trades setup, if index opens flat and 5 Min candle closes above 37940, we will long once again for the target of 38110. Extended target will be 38250. For selling we need a 5 Min candle closes below 37680. Targets will be 37500 and 37300. Till now index is bullish across all TF be it 5 or 15 Min. We need a negative price action for any good short trade. Index will be weak below 37800 and a negative price action can be established below that. 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 01 August 2022BANKNIFTY Intraday Trade Setup For 01 August 2022 Buy-Above 37550 Sl-37450 T-37750 37900 38085 Sell-Below 37220 Sl-37350 T-37015 36825 36580 BANKNIFTY has made a stretched candle on daily TF and closed at mid point. It has given a strong closing in Monthly TF and engulfed the last 3 months fall. Price structure will change completely above 38800, above which we will test ATH and above. The daily candle is somehow like a hanging man. This is a trend pause cum reversal candle. Below its low it will be treated a reversal. In case we cross and sustain above its high we will head higher strongly. Coming to tomorrow's trade setup, if index opens flat and 5 Min candle closes above 37550 we will long for the target of 37750, 37900 and 38085. If a 5 min candle closes below 37220, we will short for the target of 37015. Below 37000 post bounce we will head towards 36825 and 36580. However it will be weak below 37450 if a 15 Min candle closes 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
3
BANKNIFTY Intraday Trade Setup For 29 July 2022BANKNIFTY Intraday Trade Setup For 29 Jul 2022 Buy-Above 37415 Sl-37300 T-37565 37725 37830 Sell-Below 37245 Sl- 37350 T-37110 37010 36900 BANKNIFTY has closed on a positive sentiment today with 1.6% gain. Last day we planned to buy above 36855 and sell below 336575. None triggered due the expected big gap up. We also planned for a directional move above and below broader range 37050 and 36200. Upper range was broken and gave more than 350 points move. 10 o'clock range broke upside above 37250 and gave 150+ points gain. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 37415, we will long for the target of 37570, 37705 and 37830+. On a 5 min candle close below 37250, we will short for the target of 37110, 37010. Below 37000 we will head towards 36780. 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
BANKNIFTY Intraday Trade Setup For 28 Jul 2022BANKNIFTY Intraday Trade Setup For 28 Jul 2022 Buy-Above 36855 Sl-36730 T-37000 37200 37400 Sell-Below 36570 Sl-36700 T- 36425 36250 BANKNIFTY has closed on a positive sentiment with 1% gain and formed a bullish engulfing in daily TF. Last day we planned to sell below 36335 , sl was hit. Later buy triggered @ 36580 and it gave 230 points profit. Broader range is 37050 in the upside and 36200 in the downside. Above and below directional move is expected. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 36855 we will long for the target of 37000. If price sustains above 37050 we will head towards 37200 and 37400. If a 5 Min candle closes below 36570, we will short for the target of 36425 and below 36400 we will hit 36250. Chances of a big gap up and gap down is high tomorrow after FOMC meeting. We will simply wait for the 1st 45 Min and mark the high and low of the trading range and trade directional above and below the high and low of the 45 Min range.
NSE:BANKNIFTY
by Omahto
4