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BANKNIFTY Intraday Trade Setup For 26 May 2022BANKNIFTY Intraday Trade Setup For 26 May 2022 Buy-Above 34820 Sl-34700 T-35000 35200 35500 Sell-Below 34280 Sl-34400 T-34100 34000 33900 BANKNIFTY has closed almost flat for the 3rd consecutive day. Nor Buy and neither sell triggered today. There was only one trade i.e short from resistance- 33700. This trade was smooth and trendy. Index has been trading between 34800 and 33000 since last 20 days. Now there is another range of 34800 and 34100 since last 3 days. Basically range inside range. Coming to tomorrow's trade setup, if index opens and a 15 Min candle closes below 34300, short for the target of 34100, 33900 and 33600. 34000 lies in between. Final target is 33360. If a 15 Min candle closes above 34800, long above its high for the target of 35000, 35200 and 35500. 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- 33350 Intraday Resistance- 34800 Hourly Support- 33000 Hourly resistance- 34800
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 25 May 2022BANKNIFTY Intraday Trade Setup For 25 May 2022 Buy-Above 34820 Sl-34700 T-35000 35200 35500 Sell-Below 34100 Sl-34200 T-33900 33600 33400 BANKNIFTY has closed almost flat on Tuesday. It was a complete consolidation between 34100 and 34500. None trade triggered as per pre analysis. Two consecutive shooting stars formed in daily TF. Breakdown of 34100 will lead to a good fall. Bullish momentum will come above 34820. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 34110, then short for the target of 33950. After a bounce from this region, when the low will be broken it will head towards 33600 and 33350 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- 34700-34800 Intraday Support- 33350 Hourly Resistance- 34800 Hourly Support- 33000
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 24 May 2022BANKNIFTY Intraday Trade Setup For 24 May 2022 Buy-Above 34820 Sl-34700 T-35000 35200 35500 Sell-Below 34100 Sl-34200 T-33950 33750 33600 BANKNIFTY has formed a shooting star candle in daily TF. We planned to buy above 34360. Our final target was the hourly resistance- 34800. It hit our target and gave 450 points gain. Then as as usual fall from resistance till 34120. Coming to tomorrow's trade setup, we will long only above 34820. If a 15 min candle closes above 34800 then above its high we will long for the target of 35000, 35200 and 35500. For selling if a 15 Min candle closes below 34150 then below that candle low, short for the target of 33950, 33750 and 33650. 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- 34650 Intraday Support- 33650 Hourly Support- 33000 Hourly Resistance- 34800
NSE:BANKNIFTY
by Omahto
7
BANKNIFTY Intraday Trade Setup For 23 May 2022BANKNIFTY Intraday Trade Setup For 23 May 2022 Buy-Above 34360 Sl-34250 T-34580 34800 Sell-Below 34150 Sl-34250 T-34000 33600 BANKNIFTY closed at day high on Friday. It has made a bullish candle in weekly TF. Important support is 33000, below this next downside move will be triggered. 34800 is the daily swing high, above which a bounce till 36650 can be expected. Coming to Monday's trade setup, we will long above 34360 for the target of 34580-34600 and 34800.Above 34800 it can show a good upside rally. If a 15 Min candle closes below 34150 then short for the target of 34000. Below 34000 index will head towards 33600. Safe traders should short below 33940. 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- 34800 Intraday Support- 33600 Hourly Resistance- 34800 Hourly Support- 33000
NSE:BANKNIFTY
by Omahto
4
BANKNIFTY Intraday Trade Setup For 20 May 2022BANKNIFTY Intraday Trade Setup For 20 May 2022 Buy-Above 33400 Sl-33300 T-33600 33750 Sell-Below 33180 Sl-33300 T-33000 32800 32600 BANKNIFTY has closed at 33300 with 2.5% cut. It opened with big gap down. The 10 o'clock range broke downside below 33380 and gave a downside move till 33200. There were deep pullbacks in between. NIFTY was smoother than BANKNIFTY. Coming to tomorrow's trade setup, if index opens flat or with a small gap down then below 33180 short for the target of 33000. It is hourly support. Below 33000 targets will be opened till 32600. If index opens a little bit gap up and a 15 Min candle closes above 33400. Long for the target of 33600. No big targets in long side. Safe traders should avoid 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 Support- 33000 Intraday Resistance- 34000 Hourly Support- 33000 Hourly Resistance- 34800 Next support below 33000 will be 32600.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 19 May 2022BANKNIFTY Intraday Trade Setup For 19 May 2022 Buy-Above 34400 Sl-34300 T-34600 34800 35000 Sell-Below 34130 Sl-34250 T-34000 33800 33600 BANKNIFTY has formed an negative candle on Wednesday and closed at day low. We planned to buy above 34400. It hit our 1st target 34600 and fell from the PRZ area. Both moves were clean and smooth. Market is likely to show volatile move tomorrow. If index opens a little bit gap down or flat then selling trade will be effortless. In that case sell below 34130 if a 15 Min candle close below. targets will be 34000, 33800 and 33600. Book max at 33600. If index opens flat and a 15 min candle closes above 34400 then long for the target of 34600. Above 34660 target will be 34800. Short covering move will come above 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- 33600 Intraday Resistance- 34800 Hourly Support- 33000 Hourly Resistance-35500
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 18 May 2022BANKNIFTY Intraday Trade Setup For 18 May 2022 Buy_1-Above 34400 Sl-34250 T-34600 34800 35000 Buy_2- From 34000 Sl-33850 T-34300 34600 35000 BANKNIFTY has closed with 2% gain on Tuesday. It went as per our plan. We planned to buy above 33800. It closed at day high at 34300. It gave 500 points gain. This was smooth. Now 34000 will act as a support. No aggressive selling from now. As index has taken a U turn. Coming to tomorrow's trade setup, if a 15 min candle closes above today's high 34450 then above the breakout candle we will long for the target of 34600, 34800, 35000 and 35250. In case it tests 34000 in the 1st 45 min then long from 34000 for the target of 34300, 34600 and 34800. For selling look for a negative price action below 33900. 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 Intraday Resistance- 34800 Hourly Support-33000 Hourly Resistance- 35500
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 17 May 2022BANKNIFTY Intraday Trade Setup For 17 May 2022 Buy-Above 33830 Sl-33700 T-34000 34200 34400 Sell-Below 33340 Sl-33450 T-33100 33000 32600 BANKNIFTY has given a sharp bounce from our support level- 33000. It shot up from 33000 to 33800. Made a bullish candle in 15 Min above its high it gave a good move. It has made a 400 points range on Monday's trading session, 33825 and 33340. This range shift will give us trade either side. Coming to tomorrow's trade setup, if a 15 Min candle closes above 33825 above its high we will long for the target of 34000, 34200 and 34400. book max at 34400. For selling we need a 15 min candle close below 33350. Below the breakdown candle's low short for the target of 33100 and 33000. Below 33000 Index will head towards 32650. 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. Hourly Support- 32650 Hourly resistance- 34800 Intraday Support- 33000 Intraday Resistance- 34400
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 16 May 2022BANKNIFTY Intraday Trade Setup For 16 May 2022 Buy-Above 34000 Sl-33900 T-34200 34350 Sell-Below 33000 Sl-33100 T-32800 32400 BANKNIFTY closed in a negative sentiment on Friday. Fell from our sell level- 34000. It is a psychological resistance level. Still approach is sell on rise. Its in downtrend across all TFs. Now, the important support is 33000. Break down of this is the trigger to short. If it opens flat and crosses 33000 then short for the target 32600 , 32500 and 32400. Important support area is 32200. For buying we need a 15 Min candle close above 34000. Above breakout candle, long for the target of 34200 and 34350. One can short from 33600 for the target of 33300 and 33000. Hourly Support- 32200 Hourly Resistance- 34800 Intraday Resistance- 34000 Intraday Support- 32625-50
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 13 May 2022BANKNIFTY Intraday Trade Setup For 13 May 2022 Sell_1- From 34000 Sl-34100 T-33800 33500 Sell-Below 33290 Sl- 33400 T- 33000 32700 BANKNIFTY has closed with more than 1100 points cut. It opened opened with a very big gap down. PDL was broken in the 1st 5 Min. 10 o'clock range shifted below 33800 and gave a massive downside move till 33300. No reversal was spotted. Below today's low this downside move will continue. Coming to tomorrow's trade setup, if a 15 Min candle closes below 33300 then below that candle we will sell. Targets will be 33000 and 32700. Second sell position can be opened from 34000. Sl will be small from here. This will be effective if it opens gap up or comes to 34000 in the 1st 45 Min. 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. Hourly Support- 32200 Hourly Resistance-34800 Intraday Support- 32650 Intraday Resistance- 34000
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 12 May 2022BANKNIFTY Intraday Trade Setup For 12 May 2022 Buy-Above 34800 Sl-34700 T-35000 35300 35500 Sell-Below 34500 Sl-34600 T-34150 34000 BANKNIFTY has made an extreme bullish candle in daily TF ahead of expiry. We have been in a extreme downtrend since a long time. A short covering may take place soon. We had already discussed that the key reversal point is 34800. Coming to tomorrow's trade setup, as soon as BANKNIFTY crosses 34800 we are gonna long for the target of 35000 and 35500. 15 min candle close will give us a clue for a perfect breakout. Book max at 35500. For selling we need a 15 min candle close below 34500. Below the low of breakdown candle, will initiate a short trade for the target of 34300 and 34150. High probability trade is in upside. 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. Hourly Resistance- 35500 Hourly Support- 34000 Intraday Resistance- 35000-50 Intraday Support- 34500 Hourly view above 34800, invalid below 33900
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 11 May 2022BANKNIFTY Intraday Trade Setup For 11 May 2022 Buy-Above 34800 Sl-34700 T- 35000 35125 Sell-Below 34400 Sl-34500 T-34200 34000 BANKNIFTY closed 200 points up today. We planned to buy above 34550. It hit our target. Our target was near 34800. As usual made a shooting star at resistance and fell till 34415. Key level for upside reversal is 34800. Coming to tomorrow's trades setup, we are gonna buy above 34800 if a 15 Min candle closes above 34800. Above the breakout candle's high long for the target of 35000 and 35300. If a 15 Min candle close below 34400 then short for the target of 34200 and 34000. If a range is formed below 34400 after a gap down and crosses 34400 we will ling. 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. Hourly Support- 33550 Hourly Resistance- 35500 Intraday Support-34200, 34000 Intraday Resistance-34800
NSE:BANKNIFTY
by Omahto
6
BANKNIFTY Intraday Trade Setup For 10 May 2022BANKNIFTY Intraday Trade Setup For 10 May 2022 Buy-Above 34600 Sl-34500 T-36800 35000 Sell-Below 33900 Sl-34000 T-33750 33550 BANKNIFTY has formed an inverted hammer in daily TF. We have sold from 35500, index has hit our targets 34000. We planned a reversal trade from 34000, hourly support. It gave a fantastic move till 34550+. Also 10 o'clock rage broke upside above 34260 and gave a good upside move. Now for a perfect swing reversal trade, we need a double bottom in 15 Min TF. Coming to tomorrow's trade setup, we are gonna sell below 33920. Targets will be 33750 and 33550. 33500-33550 is a PRZ area, a bounce can be expected from this region. This will be executed on flat opening. For buying we need a 15 candle close 34560 , above that candle we will buy for the target of 34800 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. Intraday Support-33950 Intraday Resistance- 33550 Hourly Support-33000 Hourly Resistance- 35100-200
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 9 May 2022BANKNIFTY Intraday Trade Setup For 9 May 2022 Buy-Above 34800 Sl-34700 T-35000 35300 Sell-Below 34300 Sl-34400 T-34100 34000 BANKNIFTY has formed a doji candle in daily TF. It indicates a trend pause . Last week we planned to sell below 35500, our target is hit, 34300(+-50). Now we can expect a pullback above doji candle's high. Below 34300 selling will resume. Next target will be 34500-34550. Coming to Monday's trade setup- BANKNIFTY has made a good base at 34350. If a 15 Min candle closes below this then once again we will sell for the target of 34000 and 33800. For buying we need a candle close above 34800. Long above this for the target of 35100 and 35300.Book max at 35150, it can act as resistance. Intraday support- 34300 Intraday resistance- 34800 Hourly support-34000 Hourly resistance- 35500 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 May 2022BANKNIFTY Intraday Trade Setup For 6 May 2022 Buy-None Sell-Below 35100 Sl-35250 T- 35000 34800 34600 BANKNIFTY has made an inside candle in daily TF. We planned to sell from 35750 on last day. It gave very good quick profit of 200 points. Then 10 o'clock range shifted above 35770 and gave another 150 points move in upside. Two consecutive shooting star formed at top and index crashed from 35900-35140. Friday's trade setup :- We are gonna sell below 35120 as soon as it crosses below. Ideal trade will be on flat opening. Targets will be 34800 and 34600.Sl will be small here. This will be a momentum trade. If it opens gap down below 35000 and the 1st 15 Min candle is a bullish reversal candle then above its high we will buy. Target will be 35100-35150 Then we need a 5 Min negative candle near 35100-35150. We will plan for a sell from here and target will be 34800 and 34600. In case it opens gap up, we will ignore trading tomorrow. The 10 o'clock range breakout will also be important to see. Inside candle-
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 5 May 2022BANKNIFTY Intraday Trade Setup For 5 May 2022 Sell_1- From 35750 Sl-35850 T-35500 35400 Sell_2-Below 35120 Sl-35220 T-35000 34900 34800 BANKNIFTY has made a big red candle in daily TF. We planned to buy above 36250 last day. It could not sustain itself. So we sold from 36200. All targets were hit. Tomorrow's closing will give us a idea about this down side move, weather it will sustain or not. Closing below 35000 will be important to watch. Coming to tomorrow's trade setup, we will sell below 35120 if it opens flat and crosses. Target will be 35000, 34900 and 34800. 35000 is a psychological level. In case it open with a big gap down and the 1st 15 Min candle is a bullish reversal candle then we will long above its high. If it opens gap up near 35750 then short from here for the target of 35500 and 35400. 35500 can also act as resistance. So price action here will be important to watch. No buying as of now. Range till 10 o'clock will be used to trade on range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 4 May 2022BANKNIFTY Intraday Trade Setup For 4 May 2022 Buy-Above 36240 Sl-36100 T-36400 36500 36600 Sell-Below 35800 Sl-35900 T-35600 35500 BANKNIFTY has given a dead cat bounce on Monday after a big fall followed by a big gap down. We planned for a reversal trade if opens gap down. The 1st candle shoed bullishness and then a range was formed and we saw a breakout in the last 45 Min. This move can further be extended above 36240. Buy above 36240 for the target of 36500 and 36600.Hourly trendline is plotted in pink. Book max near this. It can resist once again. So 36500-36600 can act as a supply zone. For selling we if a 15 Min candle closes below 35900. Then below that candle low we can sell for the target of 35600 and 35500. Safe traders should enter below 35800. 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 Weekly Outlook + Intraday Trade Setup for 2 May 2022BANKNIFTY Intraday Trade Setup For 2 May 2022 Sell_1- Below 35970 Sl-36100 T-35800 35600 Sell_2- From 36550 Sl-36650 T-36400 36200 BANKNIFTY has formed a bearish engulfing candle in daily TF. 200 EMA is flat in daily TF, sideways trend. Important level for a range shift is 35500 in the lower side and 37000 in upper side. Coming to Monday's trade setup, we will look for selling opportunity. If index opens flat and breaks 35970 then sell for the target of 35800 and 35600. This trade will be active and ideal only on flat opening. Second sell position can be opened from 36550 level. Sl will be small here. Targets will be 36400,36300 and 36000. Long will be considered above 36720 if a 15 Min candle closes above this. In case we open with a big gap down, if 1st candle is a bullish reversal candle then will buy above candle high. If we open gap up then best opportunity will not be there , it result in a range bound market. Weekly Outlook 35500 is a crucial support level below this we can see a good fall. Target will be opened for 34300. If a a daily candle closes above 37000 and a follow up is seen then a can see a good upside momentum. Targets will be opened for 38000 and 39000. A shooting star candle is formed in monthly TF. Breakdown of 35500 can trigger a good downside momentum.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 29 Apr 2022BANKNIFTY Intraday Trade Setup For 29 Apr 2022 Buy-Above 36500 Sl-36400 T-36600 36700 36800 Sell-Below 36300 Sl-36400 T-36200 36100 36000 BANKNIFTY has formed a bullish candle in daily TF. It gave a follow up to the hammer candle formed yesterday. We planned to buy above 36180 it gave a non stop trendy move till 36500. All targets were hit. This current bullish sentiment may continue above 36500. If a 15 Min candle closes above 36500 then we will plan for a buy trade above that candle for the target of 36600 36700 and 36800. No aggressive selling as of now. As sentiment is bullish. One scalp short trade can be done below 36300 for the target of 36200 and 36100. 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 28 Apr 2022BANKNIFTY Intraday Trade Setup For 28 Apr 2022 Buy-Above 36180 Sl-36080 T-36300 36400 36500 Sell-Below 35890 Sl-36000 T-35750 35600 35500 BANKNIFTY has formed a hammer candle i daily TF. Activation is above 36200. It can show some bullish momentum above this. Since few days its all about huge gap up/down opening. Here intraday data is more important to find trade setups. Coming to the monthly expiry trade setup, we will long above 37180 if a 15 Min candle close above this. Above that candle high will be our entry. Targets will be 37300, 37400 and 37500. An aggressive short trade can be done below 35890. 1st target will be 37750. Below 37750 target will be extended till 35500. Final target will be 35300. 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 27 Apr 2022BANKNIFTY Intraday Trade Setup For 27 Apr 2022 Buy-Above 36500 Sl-36400 T-36600 36750 36950 Sell-Below 36250 Sl-36350 T-36100 36000 35900 BANKNIFTY reclaimed its 200 EMA id daily TF. After a big gap up. It was a volatile session. Bounced from our buy level which was PDL. Above today's high and below today's low we will get a good move. In between it will be volatile session. For selling if a 15 Min candle closes below today's low, short for the target of 36100 36000 and 35900. For buying safe traders should enter above 36610. Targets will be opened up till 36750 and 36950. Our PRZ and the hourly trendline is plotted nearby. Book max there. 37000 is a resistance and PRZ area. Aggressive traders can long above 36500 if a 15 Min candle closes above this. 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 26 Apr 2022BANKNIFTY Intraday Trade Setup For 26 Apr 2022 Buy-Above 36300 Sl-36150 T-36500 36650 36750 Sell-Below 35880 Sl-36000 T-35700 35500 35400 BANKNIFTY has closed flat. It opened with a decent gap down and tested our PRZ 35500. Sharp bounce seen till 36270 from PRZ. It has made a broader range, that will be used to build our trade setup. Buy above 36270 if a 15 min candle closes above this. Target will be 36500. Above 36500 36660 and 36800 can be tested. Sell below 35880 if a 15 Min candle closes below this. target will be 35700 and 35500 once again. Aggressive selling can be planned below 35500. 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 25 Apr 2022BANKNIFTY Intraday Trade Setup For 25 Apr 2022 Buy-Above 36160 Sl-36050 T-36300 36400 Sell-Below 35900 Sl-36000 T-35700 37500 BANKNIFTY has closed below 200 EMA in daily TF. It has been trading below 50 EMA already. Approach will be sell on rise from now. Weekly Support is 35900 and resistance is 37000. Next support below 35900 will be 35000. Coming to Monday's trade setup, short below 35900 if a 15 Min candle closes below that. Target will be 35700 and 35500. 35450-35500 is a PRZ area. We can expect a bounce from here. Below 35400 target will be 35000. For buying we need a 15 Min candle close above 36450. Target will be 35600 and 35900. Aggressive traders can long above 36160 if a 15 Min candle closes and its high is taken. 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