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BANKNIFTY Intraday Trade Setup For 25 Jul 2022BANKNIFTY Intraday Trade Setup For 25 Jul 2022 Buy-Above 36825 Sl-36700 T-36950 37125 Sell-Below 36620 Sl-36720 T-36500 36400 36200 BANKNIFTY has hit our 2nd buy target 36800 which was triggered on 19 Jul @35550. It has closed on a positive sentiment near day high on Friday. This bullishness will continue above Friday's high- 36825. In case we close below previous day's low we can expect some pullback of the current up move. Coming to Monday's trade setup, if we open flat and a Min candle closes below 36620, we will short for the target of 36500 , 36400 and 36200. If a 5 Min candle closes above 36825 then we will long for the target of 36950-37000. Book max here as this is a supply zone. But in flow we take out 37000 then trail sl to ride till 37125 and 37300. 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 22 Jul 2022BANKNIFTY Intraday Trade Setup For 22 Jul 2022 Buy-Above 36335 Sl-36225 T-36450 36600 36760 Sell-Below 36050 Sl-36150 T-35900 35700 35600 BANKNIFTY has closed on a positive sentiment with more than 0.6% gain. Last day we planned to buy above 36185, it triggered on 11:20(5 Min TF) and hit our 1st target very smoothly. This trade gave a move from 36185 to 36330. As per 15 Min 36330 was a PRZ area and it crashed from there till 36070. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 36335, we will long for the target of 36450 and 36600. Book max at 36600, PRZ placed. Index has tested 36060 multiple times. If this broken we will head towards 35900 and below 35870 we will fill the gap and test 35700. We need a 5 min candle closes below 36055. 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
12
BANKNIFTY Intraday Trade Setup For 21 Jul 2022BANKNIFTY Intraday Trade Setup For 21 Jul 2022 Buy-Above 36185 Sl-36085 T-36300 36440 Sell-Below 35875 Sl-36000 T-35700 35520 BANKNIFTY has formed a indecision candle in daily TF( kind of spinning top). We may see a pause in the current upside move which started from 34500 levels. Today it opened with a very big gap up and traded in a range overall. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 35875, we will short for the target of 35675-35700. After a bounce from this region, below 35670 we will head towards 35500 and 35400 levels. If a 5 Min candle closes above 36185 then we will long for the target of 36300 and 36440. In case we open gap down near 35670 and a double bottom or any reversal pattern is spotted then we will long from there for the target of 35900 and 35600. 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 20 Jul 2022BANKNIFTY Intraday Trade Setup For 20 Jul 2022 Buy-Above 35765 Sl-35650 T-35925 36100 36210 Sell-Below 35400 Sl-35500 T-35250 35110 BANKNIFTY has closed on a positive note with 1% gain. It opened with a decent gap down. Later at 9:50 (5 Min candle) triggered our buy and hit both the targets. It gave a move from 35385-35760.Index has closed above daily resistance- 35550, now it will head towards 36880 level in the coming days. This will momentum bullish momentum will drop below 35100. We have already longed above 34150 on 6 Jul 2022. Coming to tomorrow's trade setup, if index opens flat and 5 Min candle closes above 35765. We will long for the target of 35925, 36100 and final target 36210. If a 5 Min candle closes below 35400, we will short for the target of 35250 and 35110. Below 35100 we will retest 36500 level in the coming days. 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 Jul 2022BANKNIFTY Intraday Trade Setup For 19 Jul 2022 Buy-Above 35385 Sl-35285 T-35540 35700 35840 Sell-Below 35000 Sl-35100 T-34800 34650 BANKNIFTY has close on a positive note with nearly 2% gain. Last day we planned to buy above 34900 it hit all targets(34900-35380+). 10 o'clock range also broke mid way above 34960. Above 35550 (daily candle closing) we will head towards 36900. We have already longed from 34150 on 6 Jul 2022. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 35385. We will long for the target of 35540, 35685 and 35840. In case 35000 is broken (5Min candle close) in the downside and a negative price action is established before hand. We will sell for the target of 34800 and 34650. 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 Jul 2022BANKNIFTY Intraday Trade Setup For 18 Jul 2022 Buy-Above 34900 Sl-34800 T-35000 35100 Sell-Below 34460 Sl-34560 T-34300 34100 BANKNIFTY has closed almost flat on Friday and formed a doji type candle which is a sign of indecision. High and low of the candle becomes important. So we will simply use Friday's high and low for building a long and a short trade respectively. We will see a good sell-off below 34450 as weekly candle is a bit negative. However above 35550 we will head towards 36100 and above. Coming to Monday's trade setup, if index opens flat and a 5 Min candle closes above 34900 we will long for the target of 35000 and 35100. On a flat opening if a 5 Min candle closes below 34460 we will short for the target of 34300 and 34100. 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 15 Jul 2022BANKNIFTY Intraday Trade Setup For 15 Jul 2022 Buy-Above 34775 Sl-34675 T-34900 35000 Sell-Below 34550 Sl-34650 T-34400 34300 BANKNIFTY has closed on a negative note with 0.5% cut. Last day we planned to buy above 34900 and sell below 34755. Both triggered and both gave good profits. Buy side we got a move -34900-35000 and sell side gave- 34755-34560. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 34550, we will short for the target of 34400 and 34300. 34275-34300 can act as a support zone. In case it is broke after a bounce we will hit 34100. For buying we need 5 min candle closes above 34775. Target will be 34900 and 35000. Above 35030 after a pullback we will head towards 34200. 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 Jul 2022BANKNIFTY Intraday Trade Setup For 14 Jul 2022 Buy-Above 34910 Sl-34800 T-35070 35205 35300 Sell-Below 34755 Sl-34855 T- 34550 34380 34100 BANKNIFTY has closed in a negative note today with 0.87% cut. Last day we planned to sell from 35285 if tested in the 1st 45 Min. It was a smooth trade. Gave a move from 35285 till 34760. Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 34755. We will short for the target of 34550, 34390 and 34110. On a flat opening if a 15 Min candle closes above 34905. We will long for the target of 35070, 35200 and 35300. Probability of a big gap down if high after US CPI number. In that 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. Intraday trade setups will be more important tomorrow than pre market trade setup.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 13 Jul 2022BANKNIFTY Intraday Trade Setup For 13 Jul 2022 Buy-Above 35420 Sl-35300 T-35540 35650 Sell- From 35285 Sl-35400 T-35150 35000 34825 BANKNIFTY has formed an inside candle in daily TF. Last day we planned to sell below 35200. It got triggered in the last 30 Min and gave a move till 35050. Now next support is 35000. Below this (34970) next round of selling is expected. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 34975. We will sell for the target of 34825 and 34625. For buying we need a 5/15 Min candle close above 35420. Target will be 35540 and 35650. Book max near 35650, daily PRZ placed. In case it opens gap up and 35285 is tested in the 1st 45 Min , we will short for the target of 35150 and 35000. 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 Jul 2022BANKNIFTY Intraday Trade Setup For 12 Jul 2022 Buy-Above 35550 Sl-35450 T-35650 35850 Sell-Below 35200 Sl-35300 T-35000 34800 BANKNIFTY has closed on a positive note with 1% gain. Our weekly target of 35650 is almost hit. We longed from 34150 on 6 Jul. Index opened with a slight gap down today and triggered our buy level and hit our 2nd target (35170-35540+). Now we can expect a pullback of the up move from the daily PRZ area- (35650-35700). Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 35550 we will long for a 100 points target as PRZ is placed near 35650-35700. If it opens gap up near 35700 I will plan for a sell trade. One can sell by seeing any negative price action(LL) or can sell below the 1st 15 Min candle's low. On a flat opening if 35200 is closed in 15 Min TF, We will sell for the target of 35000 and 34800. 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. Reposted as there was a typo error in the last one.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 12 Jul 2022BANKNIFTY Intraday Trade Setup For 12 Jul 2022 Buy-Above 33550 Sl-33450 T-33650 33850 Sell-Below 35200 Sl-35300 T-35000 34800 BANKNIFTY has closed on a positive note with 1% gain. Our weekly target of 35650 is almost hit. We longed from 34150 on 6 Jul. Index opened with a slight gap down today and triggered our buy level and hit our 2nd target (35170-35540+). Now we can expect a pullback of the up move from the daily PRZ area- (35650-35700). Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 35550 we will long for a 100 points target as PRZ is placed near 35650-35700. If it opens gap up near 35700 I will plan for a sell trade. One can sell by seeing any negative price action(LL) or can sell below the 1st 15 Min candle's low. On a flat opening if 35200 is closed in 15 Min TF, We will sell for the target of 35000 and 34800. 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 11 Jul 2022BANKNIFTY Intraday Trade Setup For 11 Jul 2022 Buy-Above 35170 Sl-35070 T-35280 35415 35615 Below-34980 Sl-35100 T-34850 34710 34570 BANKNIFTY has given a good move above our swing buy level- 34150. We expected a upside move above 34150 till 35650. It got triggered on 6 Jul last week. Till now we have gained more than 3% (1:1). The daily candle(Hanging Man) suggests that a halt in the current move may take place if it does not secure 35000. And if sustains above Friday's high then we will hit our target 35650. Coming to Monday's trade setup, if index opens flat and a 5 Min candle closes above 35170 we will long for the target of 35280, 34415 and 35615. In case a 15 Min candle closes below 35000. We will short below that candle for the target of 34850, 34710 and 34570. 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. Intraday Support- 34550 Intraday Resistance- 35650
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 8 Jul 2022BANKNIFTY Intraday Trade Setup For 8 Jul 2022 Buy-Above 34965 Sl-34850 T-35110 35300 Sell-Below 34650 Sl-34750 T-34450 34320 BANKNIFTY has once again closed on positive note with 1.7% gain. Last day we planned to buy above 34390 but it opened with a very big gap up. Then 10 o'clock range broke upside above 34705 (11:55 5 MIN candle). and gave a trendy move till 34900+. It was a trendy trade. Coming to tomorrow's trade setup, if index opens flat and crosses today's high- 34970 or a 15 Min candle closes above. We will long for the target of 35110 and 35275-300. For selling we need a 15 Min candle close below 34650. Post breakdown we will short for the target of 34450 and 34320. In case it opens with a big gap up above 35100. We will short below the 1st 5/15 Min candle's low. 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. Intraday Resistance- 35300 Intraday Support- 34300
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 7 Jul 2022BANKNIFTY Intraday Trade Setup For 7 Jul 2022 Buy-Above 34390 Sl-34300 T-34550 34770 35050 Sell-Below 34150 Sl-34250 T-33980 33800 33565 BANKNIFTY has formed a big bodied green candle in daily TF. It has closed in a positive sentiment with more than 500 points (1.5%) gain. It has closed above the daily resistance 34150 in daily TF. Above 34400 we are likely to test 35650 in the coming days. Last day we planned to sell from 34250 it gave good profits(34250-34070). Closing is bullish as it closed above daily resistance and at day high. Coming to tomorrow's trade setup, if index opens flat we will buy above 34390 for the target of 34550, 34770 and 35050. If 5 Min candle closes below 34150 we will short for the target of 33980 and 33800. Fresh downside move is expected below 33750. High probability trade is in buy 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. Intraday Support- 33800 Intraday resistance- 35100
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday trade Setup For 6 Jul 2022BANKNIFTY Intraday trade Setup For 6 Jul 2022 Sell_1- From 34250 Sl-34365 T- 34000 33800 Sell-Below 33750 Sl-33850 T-33565 33325 Buy-Above 34370 Sl-34270 T-34500 34665 BANKNIFTY has formed a shooting star candle in daily TF. Lat day we planned to buy above 33980 but it opened with a decent gap up and 34150 was breached and hit our 2nd target 34360. Then it fell from there till 33760. Mean way 10 o'clock range broke downside. Coming to tomorrow's trade setup, if index opens flat then below 33750 we will short for the target of 33565 and 33325. In case we see a gap up opening and 34250 is tested in the 1st 1 hour then we will short for the target of 34000 and 33800 with PDH as sl. In case we get a closing 15 Min candle closing above 34365. We will long for the target of 34500 and 34665. 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 5 Jul 2022BANKNIFTY Intraday Trade Setup For 5 Jul 2022 Buy-Above 33980 Sl-33880 T-34125 34325 Sell-Below 33660 Sl-33760 T-33520 33320 BANKNIFTY has closed in a positive sentiment today. Last day we planned to buy above 33670. In the morning it could not hold and hit our 100 points sl. Later it got triggered and gave a move from 33670-33980+. Tomorrow's trade will be best on flat opening. Coming to tomorrow's trade setup, if index opens flat and a 1/5 min candle closes above 33980. we will long for the target of 34125 and 34325. Opening trade is a bit risky as how it will respond to 34000 is a doubt. Safe traders should enter after a pullback(After 30 Min). Plotted an arrow for better understanding. For selling we need a 15 Min candle close below 33660. Post breakdown it will head towards 33520. Below 33500 index will head towards 33320. 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. Avoid the breakout trade if it opens with a big gap up.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 4 Jul 2022BANKNIFTY Intraday Trade Setup For 4 Jul 2022 Buy-Above 33670 Sl-33570 T-33870 34020 34150 Sell-Below 33300 Sl-33400 T-33100 32900 BANKNIFTY has closed in a positive sentiment on Friday. Closing was at day high. This bullishness will continue above 33670. Whereas in weekly candle, close is almost flat. A bullish price action will be established above 34150 once it is sustained in daily TF. Coming to Monday's trades setup, if index opens flat and crosses Friday's high- 33670 we will long for the target of 33900,34000 and 34150. For selling we need a 15 Min candle close below 33300. Target will be near PDL 33100. Below that it will head towards 32900. 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. Intraday Support- 33300 Intraday Resistance- 34000
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 1 Jul 2022BANKNIFTY Intraday Trade Setup For 1 Jul 2022 Buy-Above 33570 Sl-33470 T-33750 33860 34000 Sell-Below 33330 Sl-33430 T-33180 33050 32900 BANKNIFTY has closed in a positive sentiment with 0.5% gain today. Last day we planned to buy above 33425. Index hit our targets and gave more than 200 points gain. Then a sideways momentum was seen. Once again a range of 200 points had formed. Trade setup will is simple. Trade on breakout of this range either side. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above our buy level 33570. We will long for the target of 33750, 33860 and last extended target will be 34035. We will short below 33330 for the target of 33180.The level has been tested multiple times in intraday. Below today's low i.e 33179 good downside move is expected till 32900. 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. Intraday Support- 32900 Intraday Resistance- 33900
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup 30 Jun 2022BANKNIFTY Intraday Trade Setup 30 Jun 2022 Buy-Above 33425 Sl-33325 T-33530 33680 33820 Sell-Below 33185 Sl-33300 T- 33040 32900 32800 BANKNIFTY has formed a doji candle in daily TF which is a sign of pause. The next momentum will come above and below today's high and low respectively. It just consolidated in a range in today's trading session. Coming to tomorrow's trade setup, if index opens flat and 15 Min candle closes below 33200. We will short for the target of 33040, 32900 and 32800. For buying we need a 15 Min candle close above 33422. 1st target will be 33530. We need to be careful in long side. Next target will be 33680 and 33820. 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. Intraday Resistance- 33550 Intraday Support- 32900
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 29 Jun 2022BANKNIFTY Intraday Trade Setup For 29 Jun 2022 Buy-Above 33750 Sl-33650 T-33890 34000 Sell-Below 33500 Sl-33600 T-33290 33110 BANKNIFTY has closed with 0.5% cut today. It has formed and range and traded within. Next move will come above and below today's high and low respectively. Last day we planned to sell below 33735. Gave a a good down move of more than 200 points from there. Coming to tomorrow's trade setup, if index opens flat then we will buy above 33750 for the target of 33890 and 34000. Book max at 34000, PRZ placed. This trade will be best on flat opening or a slight gap up but not more than 150 points. For selling if index opens flat and 33500 is closed in 5 Min TF. we will sell for the target of 33290 and 33110. 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. Intraday Resistance- 34000 Intraday Support- 33100
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 28 Jun 2022BANKNIFTY Intraday Trade Setup For 28 Jun 2022 Buy-Above 33980 Sl-33880 T-34125 34350 Sell-Below 33735 Sl-33835 T-33600 33450 BANKNIFTY opened with a a big gap up today. It opened near our buy target and PRZ- 34155. As usual we witnessed fall from PRZ (approximately 250 points). 10 o'clock range broke downside and gave a messy 100 points move. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below our sell level-33735. We will short for the target of 33600 and 33450. For buying we need a 15 Min candle close above our 33980. We will long above the level for the target of 34125. Above 34150 next move can be seen 34350. If it opens gap down and the the 1st 5 min candle is a bullish pin bar/ hammer then above its high we will long. 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. Intraday Resistance- 34365 Intraday Support- 33400
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 27 Jun 2022BANKNIFTY Intraday Trade Setup For 27 Jun 2022 Buy-Above 33780 Sl-33680 T-33900 34030 34155 Sell-Below 33450 Sl-33550 T-33300 33100 33000 BANKNIFTY has made an inside candle/bullish engulfing in weekly TF. Index is ready for a bounce above 33800. Targets will be 34200 34500 and above. Price structure is like inverse head & shoulder in hourly charts. Its target can be near 35200(extreme case). Coming to Monday's trade setup, if index opens flat and 15 Min candle closes above 33780. We will long for the target of 33900, 34000 and 34175. For selling we need a 15 Min candle closes below 33450. Targets in that case will be 33270 and 33100. 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. Also do track NIFTY movement along with BANKNIFTY. Intraday Resistance- 33800 Intraday Support-33450
NSE:BANKNIFTY
by Omahto
2