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BANKNIFTY Intraday Trade Setup For 15 Mar 2022BANKNIFTY Intraday Trade Setup For 15 Mar 2022 Buy-Above 35450 Sl-35350 T-35600 35720 35900 Sell-Below 35000 Sl-35100 T-34800 34600 34400 BANKNIFTY has closed 750+ points up today. Half the gain came from HDFCBANK alone after RBI lifted all restrictions. We planned on weekend to buy above 34700 if we get a 15 min candle close. Trade went all smooth from 34700 to 35435. It was a fantastic day as it was trending. Coming to tomorrow's trade, we will buy on swing breakout first, this is the first and ideal trade. So, we will buy 35450 on 15 Min candle close for the target of 35722 36000 36150+. For selling no aggressive selling with big targets can be achieved as of now till 34600 is safe. So between that we will eat in pieces. Last swing low in 15 Min chart is 35170, so if we trade below that then our short will be triggered below 35000, target will be 34800 and 34600 below 35000. In case we open very big gap up/down, we will wait till 10 o'clock and trade that range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
3
BANKNIFTY Intraday Trade Setup For 14 Mar 2022BANKNIFTY Intraday Trade Setup For 14 Mar 2022 Buy-Above 34700 Sl-34600 T-34880 35000 35150 Sell-Below 34300 Sl-34400 T-34000 33800 33600 BANKNIFTY has traded almost inside the Thursday's trading range on Friday. It was a complete consolidation. It is trading between the range of 35000 and 34000. Index is likely to show a sideways momentum for somedays. Because Index has been trading with huge volatility for quiet some time. Also the FIIs and DIIs activity has subsided since last 3 days. Safe traders should wait till 35000 and 34000 is broken either side. Momentum will be seen above 35000 and below 34000. But aggressive trade can be done if we get a candle close above 34700 then we will buy for the target of 34880 and 35000. Above 35000 target will be 35200. For selling if we get a candle close below 34300 then we will sell for the target of 34100 and 34000. Below 34000 we will get a move till 33600. Safe traders should wait till 34000 is broke. In case of any big gap up/down , we will wait till 10 o'clock and trade that range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
6
BANKNIFTY Intraday Trade Setup For 11 Mar 2022BANKNIFTY Intraday Trade Setup For 11 Mar 2022 Buy-Above 34700 Sl-34600 T- 35000 35200 35500 Sell-Below 34200 Sl-34300 T-34000 33800 33565 BANKNIFTY opened with a very big gap up on Thursday because of global market rally. We planed to trade the 10 o'clock range in case of any big gap up/down. 10 o'clock range was 35070 and 34715.We got moves in both the side. Firstly range was broke upside and we got 300 points move. Then Double top was formed and it fell till 34220 after breaking neckline of 34150. Later the 10 o'clock range was broke in that flow. It was a good profitable day. Coming to tomorrow's trade setup, firstly the best and ideal trade will be done on flat opening. If index opens between 34680 and 34220 then we will build our trade setup on breakout of the any of the level. So, if we get a 15 Min candle close above 34650 then above 34680 we will buy for the target of 35000 and 35200. Book partial profit at 35000 and keep some to ride till 35200. In case Thursday's high is breached in that flow then above 35400 will get a move till 3580. For selling if index opens flat and crosses Thursday's low i.e 34200 then build your short position targeting 34000-33900 and 33500. Selling would be the ideal trade. But do not trade with a bias, we have our levels with us to go with. In case of any gap up/down, we will use 10 o'clock range and trade that range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 10 Mar 2022BANKNIFTY Intraday Trade Setup For 10 Mar 2022 Buy-Above 34020 Sl-33900 T-34200 34500 34650 Sell-Below 33700 Sl-33800 T-33500 33300 BANKNIFTY has closed on a positive note on Wednesday. Shorts have been covered before a day of expiry. We planned to buy above 33300. After making a tight range below 33300, range broke and shot up till 33969. It was a good day. Coming to tomorrow's trade setup, we are going to use the last 1 hour range to build our trade for Expiry day. If we open flat and a 15 candle closes above 34000, then above 34020 or above that 15 Min candle we will buy for the target of 34200 and 34500. For selling if we get a 15 candle closes below 33727 then below 33700 we will sell for the target of 33500. 33470-33500 can give a support. But if that is broken after a bounce then next round of selling will come till 33300. Tomorrow is expiry, trade carefully. In case of any big gap/down use 10 o'clock range.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Intraday Trade Setup For 9 Mar 2022BANKNIFTY Intraday Intraday Trade Setup For 9 Mar 2022 Buy-Above 33300 Sl-33200 T-33500 33700 34000 Sell-Below 32990 Sl-33100 T-32800 32500 32200 BANKNIFTY has made a big bullish candle in daily TF. This is after many days that index has closed at day high. Some profit booking is taking place plus some buyers are getting in. We planned to short below 32350 and buy above 33000. Both triggered and both gave profit of more than 200 points both the sides. Index made a perfect double bottom and reversed. All updates shared. Coming to tomorrow's trade setup, if index opens flat and crosses Tuesday's high then we will build our long for the target of 33500 and 34000. 1st move is above Tuesday high and 2nd move is above Monday's high. For selling a aggressive scalp sell trade can be done below 32990 for the target of 32800 if it goes in flow then hold till 32500. Below 32500 index may give another momentum till 32200 and 32000. Volatility is high trade carefully. In case of any big gap up/down, follow 10 o'clock range and use live data to build any trade.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday trade Setup For 8 Mar 2022BANKNIFTY Intraday trade Setup For 8 Mar 2022 Buy-Above 33130 Sl-33000 T-33500 33800 34000 Sell-Below 32600 Sl- 32700 T-32400 32100 32000 BANKNIFTY opened with a very big gap down today. With that today there was some issue with NSE server issue. It continued its major trend and no major bounce was seen. Coming to tomorrow's trade setup, we will sell below 32600 targeting Monday's low - 33380 as 1st target. Below that we will hold our short positions till 32200 and 32000. For buying if index sustains above 33130 then can buy for the target of 33500 and 34000. But do not sit long in buy side. As major trend across all TF is negative. Also keep position size less. As volatility has increased with rising VIX. In case of a gap up/down we need to build our trade setup with intraday data.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 7 Mar 2022BANKNIFTY Intraday Trade Setup For 7 Mar 2022 Buy-Above 35110 Sl-35000 T-35350 35600 Sell-Below 34300 Sl-34400 T-34100 3400 33680 BANKNIFTY opened with a very big gap down on Friday. and showed 3 way move fall recovery again sharp fall. IT is trading near a major support of 34000 in daily TF. If this level is breached then index will show a panic selling once again. Best trade will be in sell side, so below 34300 will sell till 34100 and 34000. But if index fails to sustain the support levels then will carry our short till 33700. For buying we need to wait till 34100. If a 15 candle closes above this then our target will be 35350 and 35600. The range is too big. Adding to this range we have been opening with a big gap up/down since this Russia Ukraine issue came in headline. So, if we open with a very big gap/down then wait till 10 o'clock and trade that range breakout/down. Live trade setup will be used in case of any gap up/down.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 04 Mar 2022BANKNIFTY Intraday Trade Setup For 04 Mar 2022 Buy-Above 35200 Sl-35100 T-35400 34600 35800 Sell-Below 34850 Sl-34950 T-34700 34500 BANKNIFTY opened with a decent gap up on Thursday and the 1st 5 min candle was a shooting star. As soon as the low of that candle broke it just fell till 34725. Also the 10 o'clock range broke downside below 35200 continued the downside journey. Also I updated not to buy today. Coming to tomorrow's trade setup, we are going to use the last half an hour range to build our trade setup. If we get a 15 candle close above 35150 then above 35200 we will buy for the target of 35400 and 35500. For selling we need a 15 min candle close below 34850 then below that candle low we will sell for the target of 34500. 34500-34490 can act as a support zone as this is a PRZ area. One reversal trade can be planned from here. But 1stly we will sit and on the side side. In case of a big gap up/down we will wait till 10 o'clock and trade that range.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 03 March 2022BANKNIFTY Intraday Trade Setup For 03 March 2022 Buy-Above 35560 Sl-35460 T-35800 36000 38200 Sell-Below 34890 Sl-34990 T-34700 34600 34500 BANKNIFTY has formed a Dragonfly Doji in daily TF. It is valid and is active above today's high. The current selling may subside for some time. But main action starts above the doji candle high. Invalid below today's low. On Monday we discussed to buy above 36280 and sell below 35600 Index opened with huge gap down. Incase of any gap/down we planned to trade the 10 o'clock range. Range broke downside below 35200 and dived till 34900. However we got confirmation before hand when inside candle in the 15 TF was formed and broke downside below 35300. Coming to tomorrow's trade setup, as we have already discussed that BANKNIFTY has formed a reversal candle so the best trade will be in buy side above today's high 35560 for the target of 35800 and 36000. However if index fails to sustain in the upper side and breaches today low 34890 in any case then panic selling will trigger once again. So, we will sell only below today's low 34890 for the target of 34500. Incase of any gap up/down we will wait till 10 o'clock and trade that range breakout/down.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 02 Mar 2022BANKNIFTY Intraday Trade Setup For 02 Mar 2022 Buy-Above 36280 Sl-38180 T-36400 36560 Sell-Below 35890 Sl-35990 T-35690 35600 BANKNIFTY opened with a big gap down today. Then it made W pattern and took U turn and a V shape recovery was seen. Then after 12 noon huge volatility was created. We will be using the nd half trading session range to build our trade for 1 March. Above 36300 we will buy for the target of 36560-36600. There is the gap area that is the area to book some profit and hold rest for final target of 36560-36600. For selling if a candle closes below 36000 then below 35900 we will plan our sell trade for the target of 35700. Below 35600 we will get a good move and the gap area can be our target. If we get a big gap up/down opening then we will for the 1st 15 min candle and trade on the high and low of that candle. Intraday Trade setups will be used in case of a big gap up/down.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 01 Mar 2022BANKNIFTY Intraday Trade Setup For 01 Mar 2022 Buy-Above 36280 Sl-38180 T-36400 36560 Sell-Below 35890 Sl-35990 T-35690 35600 BANKNIFTY opened with a big gap down today. Then it made W pattern and took U turn and a V shape recovery was seen. Then after 12 noon huge volatility was created. We will be using the nd half trading session range to build our trade for 1 March. Above 36300 we will buy for the target of 36560-36600. There is the gap area that is the area to book some profit and hold rest for final target of 36560-36600. For selling if a candle closes below 36000 then below 35900 we will plan our sell trade for the target of 35700. Below 35600 we will get a good move and the gap area can be our target. If we get a big gap up/down opening then we will for the 1st 15 min candle and trade on the high and low of that candle. Intraday Trade setups will be used in case of a big gap up/down.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday trade Setup For 28 Feb 2022BANKNIFTY Intraday trade Setup For 28 Feb 2022 Buy-Above 36800 Sl-36700 T-37000 37140 Sell-Below 36200 Sl-36300 T-36000 35650 BANKNIFTY has given a dead cat bounce on Friday's trading session. Half the momentum came through gap up. After gap also banknifty shot up and trapped late short sellers. Index showed strength the whole day. In the second trading session index was facing seller pressure but BANKNIFTY held itself at higher levels. Coming back to Monday's trade setup, we will buy above Friday's high - 36710 if we get a 15 Min candle close. Then Above 36800 we will buy for the target of 37142 and 37300. This gap area of 37300-37400 can act as resistance. Will book our targets in this zone. One aggressive buy trade can be done after the flag pattern breaks in 15 TF. For selling we need a 15 candle close below 36227 then below 36200 we will sell for the target of 36000. 36000 can act as a support zone. Consider booking profits here. But seeing global markets and SGX Nifty we are likely open gap up. Very big gap up can lead to some kind of profit booking. In that case any negative price action near gap area can be planned to short. Safe thing to do is to wait for a range till 10 o'clock and then trade that range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
3
Nifty Bank Futures Key Trading Levels for 24th Feb 2022 ExpiryNifty Bank Futures Key Trading Levels for 24th Feb 2022 Expiry 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 24 Feb 2022BANKNIFTY Intraday Trade Setup For 24 Feb 2022 Buy-Above 37800 Sl-37700 T-37900 38000 Sell-Below 37290 Sl-37390 T-37160 37000 BANKNIFTY has closed almost flat today. We discussed that it is likely to be sideways. We planned to buy above 37670, we just got 100 points then price structure changed and become sideways. Today it made a descending triangle and breakdown happed at last 30 Min. Coming to tomorrow's expiry day trade setup, we will sell below today's low 37290 for the target of 37150-37160. We have to plan small targets as index is sideways in all the TF. If we opens gap down and makes a bullish candle in the 1st 5 min then above that candle high we will buy, same candle low will be sl. For buying we do not have a good setup. Best buying will be only above today's high i.e 37800. Till then no aggressive buying. However we can plan a small buy trade above 37700 if a 15 Min candle closes above that. 37150-37160 can act as a support if we find a bullish candle then we can plan a buy trade above that candle high. Directional move will come only above 38000 and below 36800.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 23 Feb 2022BANKNIFTY Intraday Trade Setup For 23 Feb 2022 Buy-Above 37670 Sl-37570 T-37915 38000 Sell-Below 37000 Sl-37100 T-36850 36650 BANKNIFTY opened with a very big gap down today. Bulls showed their presence at support level and moved it higher. We planned to trade the 10 o'clock range if opens with big gap up/down. Gave a good momentum in upside. Coming to tomorrow's trade setup, we will buy above today's high - 37660 for the target of 37900 and 38000.Market does not seems to be positioned for a big move either side. So Trade for small targets and close that in intraday. As trend is missing in all TF. For selling If a 15 Min candle closes below 37070 then below 37000 we will plan for sell. But looking at current scenario it seems that buyers can defend 37000 level. Best move will come after we see a range near 37000 and that range is broken downside. Trendy move will come after above 38100 and below 36800. Till then do not try to hold any position.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 22 Feb 2022BANKNIFTY Intraday Trade Setup For 22 Feb 2022 Buy-Above 37815 Sl-3700 T-38000 38330 38500 Sell-Below 37590 Sl-37690 T-37330 37200 37000 We discussed to sell BANKNIFTY below 37490. Index gave more than 300 points fall after our sell levels was triggered. It gave profit in the 1st 15 Min only. Then Our PRZ in NIFTY - 17080 was triggered that time BANKNIFTY was trading near 37200. As soon as it formed a doji candle and high was taken out. It shot up till 38000. Both moves gave good profit. Then after 1 o'clock double top was formed and it fell till 37600 level after breaking the neckline. Market looks bullish as of now. It tried to hold itself in today's trading session. So, if Index opens flat and a 15 Min candle closes above 37780. Then above 37815 we will buy fir the target of 38000 and 38300. No aggressive selling till 37200. Below 37200 we will see a good directional move. however we we do a quick scalp trade in sell side below 37590 for the target of 37500. Below 37500 we can see a downside move till 37300. Best trade will be in buy side. In case of a big gap up or gap down, wait till 10 o'clock and trade that range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 21 Feb 2022BANKNIFTY Intraday Trade Setup For 21 Feb 2022 Buy-Above 37680 Sl-37580 T-37800 37900 38000 Sell-Below 37300 Sl-37400 T-37000 BANKNIFTY has closed almost flat on Friday. Also a range has been created since last 2 trading session. 38000 is the level above which a good directional move will come. And 37300 is the level below which index will give a good downside move. However we can do a scalp trade in buy side above 37680 for the target of 37800. Above 37800 we can get a move till 37900. Buying will be messy till index sustains above 38000. For selling 37300 is the level below which we will get a downside momentum till 37000. However one aggressive sell trade can be done below 37490 also. In that flow if index breaches 37300 then will hold the short position till 37000. 37000 will act as a support consider booking profits there. One reversal trade can be planned from here also for the target of 37300. In case of a big gap up or gap down we have to wait till 10 o' clock and trade that range. Also the first 15 min candle will be very important in this case.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 18 Feb 2022BANKNIFTY Intraday Trade Setup For 18 Feb 2022 Buy-Above 37930 Sl-37830 T-38130 38350 Sell-Below 37400 Sl-37500 T-37230 37000 BANKNIFTY as discussed yesterday that we will sell below 37800. It gave a 300 point move in the downside. Then Index turned total sideways. Once again it has made range in intraday. Range is 37500 in the downside and 38000 in the upper side. Tomorrow's trade setup is simple, once again we will sell below today's low i.e 37400 for the target of 37230 and 37025. 37000 will act as support so book profits there. Buying can be avoided as of now. For buying we need a 15 candle close above 37870. Then if 37930 is crossed we will buy for the target of 38150 and 38350. Incase of a big down if first 15 candle has a lower price rejection or makes a bullish hammer then we will buy above that candle high. Best trade will be with flat opening.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 16 Feb 2022BANKNIFTY Intraday Trade Setup For 16 Feb 2022 Buy-Above 38250 Sl-38150 T-38500 38800 39000 Sell-Below 37900 Sl-38000 T-37600 37400 BANKNIFTY has formed a big bullish candle today. It was a short covering move of more than 1250 points. We planned to sell below 36800. It can more than 150 points profit. Then we found a double bottom after 11 o'clock. As soon as neckline broke our buy trade initiated and index gave a non-stop rally after that. It was a very good profitable day. Coming to tomorrow's trade setup , we will buy if index opens flat or below today's high and crosses above 38250. First target will be the gap area near 38500 level. Then if 38500 is sustained then again it can move to 38800 and 39000. For selling we need a range above 38000. And on breakdown of this range below 37900 we will sell for the target of 37600 and 37400.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 15 Feb 2022BANKNIFTY Intraday Trade Setup For 15 Feb 2022 Buy- None Sell-Below 36800 Sl-36900 T-36550 36375 36200 BANKNIFTY has formed a big bearish candle in daily TF. It fell more than 1600 points today. However half of the fall is contributed from gap down opening. No previous high was tested in 15 TF. It made a triangle till 2 o'clock. It fell from 37200 to till 36830 after the breakdown. It is sell on rise. No buying as of now. The best and ideal trade will be in short side. If index opens flat and crosses 38800. We will sell for the target of 36550 and 36400. Below 36300 index is likely to hit 35550 level in coming days. If index opens big gap down once again then we have o wait till 10 o'clock and trade that range breakout or breakdown. Same goes in case of a big bap up also. Ideal trade will be on sell side with flat opening.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 14 Feb 2022BANKNIFTY Intraday Trade Setup For 14 Feb 2022 Buy-Above 38610 Sl-38500 T-38800 39000 Sell-Below 38390 Sl-38490 T-38200 38000 BANKNIFTY has closed in a negative note. It opened with a big gap down on Friday. It has just consolidated in a 390 points range. This range is very important for Monday's trade setup. Market structure will be bullish only above 39500 is closed in daily TF. BANKNIFTY has made a base near 38400.If index breaks this support then we will sell below 38390 for the target of 38000. Sell trade will be best if opens flat and crosses our sell level. This will be with momentum. 38000 is a psychological level. We will book profits near that range. For buying if index opens flat and a 15 Min candle closes above 38600 then we will buy for the target of 38770.This is a aggressive trade. Above 38800 we will get a fresh move till 39000 and 39100. Eat in pieces. Range is 38800 and 38400. Directional move will come on this range breakout or breakdown. Best trade will be in sell side if index opens flat. In case of a big gap up or gap down. We will wait till 10 o'clock and trade that range.
NSE:BANKNIFTY
by Omahto
15
BANKNIFTY Intraday Trade Setup For 11 Feb 2022BANKNIFTY Intraday Trade Setup For 11 Feb 2022 Buy-Above 39200 Sl-39100 T-39340 39425 39580 Sell-Below 38900 Sl-39000 T-38770 38650 38500 BANKNIFTY given a very good move in the upside. We planned to buy 38650. Index gave more than 500 points move in the upper side. It was a bit volatile in the till 10 o'clock. That is why we planned to trade after 10 o'clock as there was RBI press conference. We already sensed this upmove after we found the hammer candle on 08 Feb in the daily TF. index has given 1000 points rally above 38200. It was a good expiry. Coming to tomorrow's trade setup, we will once again above 39200 for the target of 39400 and 39580. 39400 is the hourly resistance. Above this we can get a good move. We will sell below 38900 for the target of 38650. Below 38500 we will once again sell for the target of 38200. Best trade will be in buying side. Because above above 39400 structure will be bullish in daily, hourly and 15 min. In case of a big gap up [ or gap down, we will simply wait till 10 o'clock and then trade that range.
NSE:BANKNIFTY
by Omahto