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BANKNIFTY Intraday Trade Setup For 23 Jun 2022BANKNIFTY Intraday Trade Setup For 23 Jun 2022 Buy-Above 33055 Sl-32950 T-33250 33400 33500 Sell-Below 32750 Sl-32850 T-32570 32425 32300 BANKNIFTY has closed at day low with 1% cut. Last day we planned to sell below 33100. It opened slightly below our sell level and crashed immediately from 33100 to 32762. Our 1st target was hit. However it was tricky as it gave a very fast momentum. It has consolidated the whole day in nut shell. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 32760, we will short for the target of 32570 and 32425. Final target will be 32300. For buying we need a 15 Min candle close above 33055. Targets will be 33250 nd 33415. Book max here at 33500. 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- 33500 Intraday Support- 32300
NSE:BANKNIFTY
by Omahto
4
BANKNIFTY Intraday Trade Setup For 22 Jun 2022BANKNIFTY Intraday Trade Setup For 22 Jun 2022 Buy-Above 33600 Sl-33500 T-33800 34000 Sell-Below 33100 Sl-33200 T-32900 32675 BANKNIFTY has closed in a positive sentiment today. As we planned to buy above 32900 in the expectation of a good upside short covering move so has happened. Our final target of 33590 was hit. Then a fall from PRZ-33590 was seen the 2nd half. Coming to tomorrow's trade setup, we will long only if a 15 Min candle closes above 33600. Targets will be 33800 and 34050. For selling if index flat and a 15 Min candle closes below 33100, we will short for the target of 32900 and 32675. 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- 33800 Hourly Resistance- 34500
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 21 Jun 2022BANKNIFTY Intraday Trade Setup For 21 Jun 2022 Buy-Above 32900 Sl-32800 T-33200 33450 Sell-Below 32500 Sl-32600 T-32300 32100 BANKNIFTY once again consolidated between previous day's trading range. Our levels were tested but trades were not executed as 15 Min candle did not closes above and below our buy and sell level respectively. After a big move index is likely to consolidate as it is happening. Coming to tomorrow's trade setup, we will long if a 15 Min candle closes above 32900. Targets will be 33200 and 33450. Book max at 33450, PRZ placed. For selling safe traders wait till 32290 is broken in the downside. While one small trade can be done if a 15 Min candle closes below 32500. Target will be 32300. Below 32290 fresh move till 32100 and 31900 is 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. Intraday Resistance- 33450 Hourly Resistance- 33800
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 20 Jun 2022BANKNIFTY Intraday Trade Setup For 20 Jun 2022 Buy-Above 32900 Sl-32750 T-33100 33200 33450 Sell-Below 32480 Sl-32600 T-32300 32100 31900 BANKNIFTY took a pause on Friday and consolidated the whole day in a range. Important resistance for this week is 33800. Important support for this week is 32150.Breakdown of 32150 can lead to more fall in the coming weeks. Coming to Monday's trade setup, if it opens flat and a 15 Min candle closes above 32900. We will long for the target of 33200 and 33450. For selling if a 15 Min candle closes below 32500. Below its low we will short for the target of 32300. Below 32290 targets will be 32000 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. Maintain sell on rise. Intraday Resistance- 33200, 33450 Hourly Resistance- 33800
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 17 Jun 2022BANKNIFTY Intraday Trade Setup For 17 Jun 2022 Sell_1- From 33250 Sl-33350 T-33000 32600 Sell-Below 32530 Sl-32630 T- 32340 32150 BANKNIFTY has formed a big red candle in daily TF. Important support of 33000 was broken decisively. It opened with a decent decent gap at our 1st target and fell from the 1st candle. Meanwhile 10 o'clock range broke downside below 33550 and fell non stop till 32540. After a big fall index may take a pause for a day. In case it opens gap up then chances of an inside candle is high. In case of a big gap up we will short from 33250 for the target of 33000 and 32600. In case it opens flat then wait till today's low to be breached. If a 5 Min candle closes below 32535 then short for the target of 32340 and 32155. Be cautious in long and focus on sell on rise. 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- 32350 Hourly Resistance- 33800
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 16 Jun 2022BANKNIFTY Intraday Trade Setup For 16 Jun 2022 Buy-Above 33620 Sl-33500 T-33740 33800 Sell-Below 33250 Sl-33350 T-33150 33740 BANKNIFTY has formed an inside candle in daily TF. Closing is absolute flat. It was complete consolidation. Index has been in a range since last 3 days. Broader range is 33800 and 33100. Above and below we can expect a trendy move. Target above 33800 after a daily candle closes will be near 34500. Target below 33100 after a daily candle closes will be near 32150. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 33250, one can short for a small target till 33150. Below 33100 fresh downside move is expected. For buying if index a 15 min candle closes above 33620, then long for the target of 33740 and 33800. And if index closes above 33800 in daily TF then gap filling till 34400 is possible. 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- 33800 Intraday Support-33100
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 15 Jun 2022BANKNIFTY Intraday Trade Setup For 15 Jun 2022 Buy-None Sell-Below 33120 Sl-33220 T-32950 32800 BANKNIFTY has formed an inverted hammer in daily TF. It is a sign of pause of the the current downside move. Above 33800 it will be a reversal. In case it terminates its low then the current down move will continue. Coming to tomorrow's trade setup, if index opens flat and a candle a 15 Min candle closes below 33120, we will short for the target of 32950 and 32800. For buying we need to wait for a good close and price action above 33800.In the 1st attempt short from 33800 for the target of 33600 and 33500. 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- 33800 Hourly Resistance- 34500
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 14 Jun 2022BANKNIFTY Intraday Trade Setup For 14 Jun 2022 Buy-Above 33775 Sl-33700 T-34050 34250 Sell-Below 33200 Sl-33300 T-33000 32800 BANKNIFTY opened with a huge gap down today, the 10 o'clock range broke downside and gave a small downside move then whole day it consolidated between 33400 and 33200. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 33210, we will short for the target of 33000, 32800 and 32600. In case it opens gap up but below today's high, then we can short from 33700 for the target of 33400 and below. In case we open below 33550, then we can short from 33560 also. We will long only if it opens above today's high 33775. we need a 5 Min candle close above 37775 to long for the target of 34050 and 34250. 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- 33000 Intraday Resistance- 33700 Hourly Support- 32150 Hourly Resistance- 34500
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 13 Jun 2022BANKNIFTY Intraday Trade Setup For 13 Jun 2022 Buy-Above 34550 Sl-34400 T-34700 34800 Sell-Below 34345 Sl-34450 T-34200 34100 BANKNIFTY closed in a complete bearish sentiment last week due FOMC meeting. We are likely to open with a huge gap down on Monday. Immediate support will be near 34000. Weekly support lies near 33000. No buying till daily candle closes above PDH. Coming to Monday's trade setup, incase index opens near our sell level 34345, then we will sell for the target of 34200 and 34100. For buying, we need a 15 Min candle close above 34765 to long for the target of 34700 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. Intraday Support-34000-34100 Intraday Resistance- 34550 Hourly Support- 33350 Hourly Resistance- 35000
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 10 Jun 2022BANKNIFTY Intraday Trade Setup For 10 Jun 2022 Buy- Above 35150 Sl-35000 T-35300 35400 Sell-Below 34765 Sl-34850 T- 34660 34500 BANKNIFTY has closed in a positive note toady. It opened and triggered our sell level 34830, hit our 1st target 34700. Then 10 O'clock range broke upside above 34830 and gave a good short covering move till 35149. Coming to tomorrow's trade setup, if index opens flat and crosses 35150 we will long for the target of 35300. 35300 can act as resistance. For selling we need to wait till 34765 is broken in downside. Targets will be opened till 34500. 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- 34950 Intraday Resistance- 35300,35500 Hourly Support- 34500 Hourly Resistance- 35500
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 9 Jun 2022BANKNIFTY Intraday Trade Setup For 9 Jun 2022 Sell_1-From 35200-50 Sl-35350 T-35000 34850 Sell_2- Below 34830 Sl-34950 T-34700 34500 BANKNIFTY has closed almost flat today. It was V shape market today, showed all kinds of violent moves in intraday, triggered by the RBI event today. Already updated in the morning to avoid taking any trades as per pre analysis. Tomorrow is weekly expiry. Chances of an inside candle is high if today's low is not tested in the 1st 45 Min. Coming to tomorrow's trade setup, if 35200 is tested in the 1st 45 Min, we will sell for the target of 35000. Second sell position will be created if a 5 Min candle closes below 34830. Target will be 34700 and 34500. Book max near 34500, PRZ placed. This will be best in case of a flat opening. 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- 34800 Intraday Resistance- 35200 Hourly Support- 34500,34300 Hourly Resistance- 35500, 36000
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 8 Jun 2022BANKNIFTY Intraday Trade Setup For 8 Jun 2022 Buy-Above 35050 Sl- 34950 T-35185 35300 Sell-Below 34830 Sl-34930 T-34700 34500 BANKNIFTY has formed a small hammer like candle in daily TF. Last day we planned to sell below 35240 which was not triggered due to the gap down opening. However it triggered our 2nd sell position (PDL)- 35070 and hit our target of 34850 in the downside. Coming to tomorrow's trade setup, if a 15 min candle closes above 35050, long above the breakout candle's high for the target of 35185-200. Book max here. Extended target will 35300 and 35400. If a 15 Min candle closes below 34830, short for the target of 34700 and 34500. Book max near 34500, 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. Intraday Support- 34500 Intraday resistance- 35200 Hourly Support- 34500 Hourly Resistance- 36000 Tomorrow is RBI monetary policy.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 7 Jun 2022BANKNIFTY Intraday Trade Setup For 7 Jun 2022 Buy-Above 35425 Sl-35300 T-35600 35750 Sell-Below 35240 Sl-35350 T- 35100 34950 BANKNIFTY has closed almost flat and formed an doji candle in daily TF. Next move will be triggered above and below of the high and low of the doji candle. We planned to sell below 35200 on the last day. It gave more than 100 points move and then headed towards day high. Coming to tomorrow's trade setup, If index opens flat and crosses today's high we will long for the target of 35600. Book max here, PRZ placed. Extended target can be 35750. If a 15 Min candle closes below 35240, short for the target of 35100. Below 35070 extended target will be 34950 and 34850. 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- 34950 Intraday Resistance- 35600 Hourly Support- 34500 Hourly Resistance- 36000
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 6 Jun 2022BANKNIFTY Intraday Trade Setup For 6 Jun 2022 Buy-Above 35400 Sl-35300 T-35600 35700 Sell-Below 35175 Sl-35300 T-34950 34800 BANKNIFTY closed in a negative note on Friday. It opened with a big gap up and a free fall was seen in both the indices. The daily candle is a complete bearish engulfing, broken the one week range in the downside. 35300 which was acting as a support was broken. We can expect further fall below 35175 till 34500 in the coming weeks. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes below 35200. We will short below 35175 for the target of 34950 and 34800. Safe traders can avoid buying trades. But aggressive traders can buy if a 15 Min candle closes above 35400. Target will be near 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. Intraday Support- 34950 Intraday Resistance- 35650 Hourly Support- 34500 Hourly Resistance- 36000
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 3 Jun 2022BANKNIFTY Intraday Trade Setup For 3 Jun 2022 Buy-Above 35800 Sl-35700 T-36000 36300 Sell-Below 35435 Sl-35550 T-35300 35100 BANKNIFTY has formed an inside candle in daily TF. Yesterday also it was a consolidation day. It was an option seller's expiry. No trades got triggered as per last day trade setup. It just traded inside the 1st 45 Min trading range. Since few weeks it is all about ranges in both the indices. Now the range is 35800 and 35280. Coming to tomorrow's trade setup, if a 15 Min candle closes above 35770. Above its high we will long for the target of 36000. Above 36100 it will head towards 36300. For selling a small scalp trade can be done below 35440 if a 5 Min candle closes. Initial target will be near 35300. Below 35280 we will get a fresh move till 35050. 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- 35285-300 Intraday Resistance- 35800 Hourly Support- 34800 Hourly Resistance- 34100
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 2 Jun 2022BANKNIFTY Intraday Trade Setup For 2 Jun 2022 Buy-Above 35800 Sl-35700 T-35950 36050 Sell-Below 35280 Sl-35400 T-35000 34800 BANKNIFTY closed inside yesterday's trading range. No levels triggered as per trade setup, However we also planned to sell from 35750 if it touches in the 1st hour. It got triggered and index gave a good downside move till 35300. It was a smooth trade. The range is wide for tomorrow's expiry. Coming to tomorrow's trade setup, if a 15 Min candle closes above 35770, above its high we will long for the target of 35950-36000. Above 36100 expiry move may come till 36300. For selling if a 15 Min candle closes below 35300. Below the breakdown candle's low we will sell for the target of 35000 and 34800. Book max near 34800, PRZ(Potential Reversal Zone) placed in this zone. 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-34000-34100 Intraday Resistance- 35960-36000 Hourly Support- 34800 Hourly Resistance- 36650
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 1 Jun 2022BANKNIFTY Intraday Trade Setup For 1 Jun 2022 Buy-Above 35900 Sl-35780 T-36000 36300 Sell-Below 35280 Sl-35400 T-35075 34800 BANKNIFTY has given a follow up below yesterday's shooting star candle. We planned to sell below 35750, but it opened with a decent gap down. The 10 o'clock range broke upside above 35715 and gave a move till 35880. Then below our sell level triggered and index fell till 35300. Coming to tomorrow's trade setup, if a 15 min candle closes below 35300. Below that candle's low we will short for the target of 35075 and 34800. Book max near 34800 a hourly support and intraday PRZ is placed here. 2nd sell positioned can be created from 35700 in case this level is tested in the 1st 1 hour. For buying we need a 15 Min candle close above 35900. Target will be 36000. Above 36100 next rally will come. 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- 35700-50 Intraday Support-34800 Hourly Resistance- 36700 Hourly Support- 34100
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 31 May 2022BANKNIFTY Intraday Trade Setup For 31 May 2022 Buy-Above 36100 Sl-36000 T-36300 36500 36700 Sell-Below 35745 Sl-35900 T-35550 35400 35200 BANKNIFTY closed near day low with 200 points gain. As we expected that a pullback can be seen from 36000 levels, so has happened. It opened with a big gap up and from 36000 it fell till 35750. This was a good trade, more confirmation came after 10 o'clock range broke downside below 35920. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 35750. Short below its low for the target of 35550, 35400 and 35200. For buying one should wait till today's high is crossed and sustained, a 15 Min candle close above 36085.Above the breakout candle's high long for the target of 36300, 36500 and 36700. 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- 35400 Intraday Resistance- 36500 Hourly Support- 34700-800 Hourly resistance- 36700
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 30 May 2022BANKNIFTY Intraday Trade Setup For 30 May 2022 Buy-Above 35700 Sl-35600 T-35950 36050 Sell-Below 35490 Sl-35600 T-35400 35200 BANKNIFTY closed at day high on Friday. Last week we saw a range shift above 34800. It has given 900 points straight rally after breaking 34800. Weekly target lies near 36700.Pullbacks are expected in between. So, we can a expect a pullback from 36000 after a good move. No aggressive selling till Index closes below previous day low. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 35700. Long above its high for the target of 35950 and 36050. 36000 is an area from where we can plan for short trade if a negative price action is established. For selling if a 15 Min candle closes below 35500, short below its low for the target of 35400, 35300 and 35200. A big gap up can lead to profit booking, hence a short trade can be planned. 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- 35200 Intraday Resistance- 36000 Hourly Support- 34700-800 Hourly Resistance- 36700
NSE:BANKNIFTY
by Omahto