BankNifty's Expiry special route=map [31st march]Please have a look into the chart to get all details, I have tried to draw everything as much need to do.
Will try to update in Live market if need.
Always remember : Don't be greedy, Take just as much you are needy
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Bankniftyidea
BankNifty's route=map for 30th marchAs we saw today, BNF opened with a gap-up and faced a rejection from 50% level of Fibo . Price got hit Target 1 in down-side and then stuck in a range till 3pm. In last 30 minutes buyers pushed the price up but couldn't close above the Day high.
As Price still in a Resistance zone, can cross by Gap-up or a strong momentum. if not then correction will start and we see 35300-100 level.
Found a Possible ABCD pattern in the chart, will active after 35950. Please have a look into the chart to get all details, have tried to draw everything as much need to do.
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BankNifty route=map for 25th marchBanknifty is Trading on a important Support zone. Price has created a bottom and it's a possibility to take a bounce from there in today's session.
In daily chart, BNF has created a ABCD pattern and Exactly the price faced a rejection from 61.8% level. And most of time price retrace till 38.6% level in this situation which is 35000. but it's market, let's see...
Please have a look into the chart, I have tried to mention all possible movements for today's session. Specially, Trend-lines will play more important role than any other thing. will try to share my ideas in live market also.
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BankNifty route=map for 23rd marchBNF already falling that's why didn't give any level to SHORT. Its open for shorting Before to reach Target 1. Need to be careful around Target 1 because it's 50% level of Fibonacci that's why it would be important. Price can reverse form the same and then the journey will start from C to D leg of Pattern.
Please see the chart once, have tried to mention everything that i found by my study.
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Simple Trade Setup | BANKNIFTY | 24-03-2022 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 15min time frame, we can watch bullish flag and pole pattern.
Please refer below chart : 15min Time Frame.
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Trade Setup for 24-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BankNifty's route-map for March-22nd As we saw BNF given a good movement in Down-side in first half in Yesterday session. After that it stuck in a range.
There should be a break-down of the same range by Gap-up or Gap-down in tomorrow session opening.
Rest of all, Everything has mentioned on the chart, please have a look.
# All will be same, But There is a condition If BNF opens above 36290 than wait for to price close below the same. Then 1st Target will be 36050. After that, you can see all further Targets on the chart to ride the Down-trend.
# If down-trend keep continue after Target 1 then book profit asap when price touched Target 2 becoz it can be a Reversal Point.
# Up-side trend will only be confirmed when price closed above the Resistance Zone.
This Study is Based on Harmonic Pattern, Fibo-Levels and Price action.
If found this study Helpful, then please LIKE. And for getting ideas in Live Market, can FOLLOW me as well.
BankNifty's route-map for March-21stIn Last two sessions, we saw that BNF taken a gap-up and stuck in a range of 150-200 points. And it becomes difficult to trade in this situation.
In tomorrow session, there can be a gap-up opening. if price opens above the Resistance zone-1 than can go for up-side Targets. but it will be only possible with a strong momentum. Most chances are indicating towards Down-side movement as there are remained less room in upside.
Both Buy & Sell level and their possible targets are mentioned on the chart.
This Study is Based on Harmonic Pattern, Fibo Levels and Price action.
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BankNifty's Route-map for 17th marchAs we seen in today's session BNF just roaming in a 200-250 points range. In tomorrow session, BNF can come out from sideways trend and do a good Up-side rally as expected.
Up-side movement will only be possible if price break the resistance zone and start trading above the same. Otherwise it would be less difficult to go in a down-trend for BNF.
Read the chart once to know the buy and Short levels and their possible Targets.
The study based on Harmonic Pattern, Fibo ratios and Price action.
Suggestions:-
# Always wait for candle closing before Enter in a Trade.
# Trade after 10 a.m. - Whenever the market opens, There always a strong but a wild Wave. so let that a bit cool first.
# Don't Over-Trade - Always set a Target and immediately Stop Trading after the same get achieved.
# Margin in Targets - Always carry a margin around 20-25 points in targets. Don't wait to book at dot price.
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BankNifty Possible Levels for 16th MarchBankNifty trading around a Resistance zone. Price broke it but couldn't sustained and fall-down quickly in yesterday session.
For tomorrow as global market has taken a good bounce, it seems that BNF can open with a big Gap-up. but the Up-trend will only be confirmed if price crossed & sustained above the resistance zone.
Both side levels and Targets are mentioned on the chart. Always wait for closing the candle before Entry.
This study based on Harmonic Pattern, Fibo Ratios and Price action.
Please LIKE if found it helpful.
BankNifty Intraday Trade Setup | 25th FebBankNifty opened with a huge gap-down around 36200 as Russia invaded Ukraine, initially BanKNifty showed some bounce to tired to hold and due to fear, high selling pressure was there and BankNifty broke all the supports on the downside.
Trades we took today -
> Bought BankNifty 36000 CE at 250 which we booked with 40 points loss
> Bought BankNifty 36200 PE at 360, it went above our Last Target 490 and Traders booked great profit
> Bought BankNifty 36000 PE at 140, it went above our Last Target 230 and Traders booked great profit
Overall, BankNifty Option Buyers booked great profit yesterday.
SGX Nifty indicates a gap-up opening, if BankNifty sustains above 35800 we may see an upmove.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 35800
Sell Below 35500
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 15th FebBankNifty opened with a big Gap-down below the yellow support trend line due to Global cues, and we saw further falling towards the 37220 zone which acted as support but BankNifty broke this around 2:00 and closed near day low.
Trades we took today -
> Bought BankNifty 37400 CE at 460, it went above our 2nd Target 540 and Traders booked profit in this Trade
> Bought BankNifty 37300 PE at 420 which we booked around cost due to slow movement
> Bought BankNifty 37600 CE at 320 which we booked with a small profit at 350
We took lesser trades as it was a volatile day and BankNifty Option Buyers booked small profit.
Tomorrow, if BankNifty breaks today's low 36800 we may see a fast down move again.
Expectations for Tomorrow: Volatile Day
Intraday Levels:
Buy Above 37050
Sell Below 36800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 1st FebBankNifty opened with a Gap-up around 38100 and we again saw a choppy session. We saw selling in the morning session, BankNifty formed a low at 37647 and we saw a great recovery from lower levels.
Trades we took today -
> Bought BankNifty 38600 CE at 420, it went above our First Target 470 and Traders booked profit in this Trade
> Bought BankNifty 37900 PE at 620, it went above our Last Target 750 and Traders booked great profit in this Trade
> Bought BankNifty 38800 CE at 390 which we booked at 410
Overall, a good day for BankNifty Option Buyers.
Tomorrow is a crucial day if BankNifty sustains above 38150, an upmove of 150 - 300 points is expected.
Expectations for Tomorrow: Volatile day, Trending move after 1:00 PM.
Intraday Levels:
Buy Above 38150
Sell Below 37860
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 31st JanuaryBankNifty opened with a Gap-up and faced resistance in 38400 zones. BankNifty was trading in a range for the first half, it broke the range on the lower side and we saw a great fall in the second half.
Trades we took today -
> Bought BankNifty 38700 CE at 540 and added more at 490, it made a high around 560 and Traders booked small profit in this Trade
Got good opportunity in Nifty hence gave preference to Nifty Options.
Tomorrow, if BankNifty sustains below Friday's low 34580 we may see an up-upmove for 130-280 points.
Expectations for Tomorrow: Volatile day
Intraday Levels:
Buy Above 37900
Sell Below 37580
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday view for 25-01-2021Good morning all,
Yesterday: Our 2 short targets identified in the weekly chart were met and then we saw a pullback. In likelihood, correction will continue.
Today: With RSI at 40, we may either see the index in a range of 2500 points or a 'Short' move only below 35850. 'Long is a far way up beyond 38850. But be careful of the volatility that currently prevails.
So;
Long side view:
Buy above 38855
Target 1 - 39470
TSL above this
Target 2 zone 40000 - 40150
(Long SL - 38170)
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Short side view:
Sell below 35850
Target 1 zone 35055 - 35000
TSL below this
Target 2 - 34570
Target 3 zone 34020 - 34000
(Long SL - 36430)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
BankNifty Intraday Trade Setup | 24th JanuaryBankNifty opened with a gap-down below Thursday low 37600, we saw further selling at open and BankNifty made low around 37200 in first 15 mins. BankNifty traded in a range-through out the day.
We saw a sharp up move in the last 30 mins and many Traders would have bought it at the end of the day. If BankNifty sustains Friday low 37220, we may see a fast downmove.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37720
Sell Below 37220
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty view for the week of 24th - 28th JanuaryGood evening All,
Last week:
Neither of our levels were made for us take an entry. With weekly RSI at 1600, market played that range. Mostly because of the surge it had since 30th December, sellers had to make money.
This week:
With RSI dropping below 60 and hovering at 55 mark may provide a support for a bounce back. This, it has done many times before. Hence, our 'Long' entry this week harbors 38000 being breached again and we then look at 38300 for us be optimistic.
The 'short' story can only begin if the RSI 45 is begin down and sustained. We will look at it then. Our levels from last week, with a few adjustments may hold true
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
BankNifty Intraday view for 24-01-2021Good evening all,
Friday: One target met and then a lot of volatility in a 500 point range of 2.5X ATR.
Tomorrow: The Chart and RSI both peek out a 'long' if 55 RSI is breached and sustained. Above that not a lot room though. So trade with care. For the 'short', I again will want to wait for some more clarity.
So;
Long side view:
Buy above 37880
Target 1 zone 37960 - 38050
TSL above this
Target 2 - 38160
Target 3 - 38280
(Long SL - 38800)
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Short side view:
LET US WAIT
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
BankNifty Intraday view for 21-01-2021Good morning all,
Yesterday: Nothing new was visible but the hangover from day before made us meet our short target.
Today: We have a decent pullback of around 23% from the top met on 12th and 18th and can be just the trigger we need for a good south side move. Below 37000, the road to 34000 looks like a highway. On the 'long side' with RSI taking resisting multiple times around the 50-55 mark is potentially good news.
So;
Long side view:
Buy above 38075
Target 1 - 38220
TSL above this
Target 2 - 38370
Target 3 - 38585
(Long SL - 37940)
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Short side view:
Sell below 37440
Target 1 - 37265
TSL below this
Target 2 zone 37050 - 37000
(Short SL - 37600)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
BankNifty Expiry Trade Setup | 20th January 2022BankNifty opened with a minor gap-down and we saw high volatility in the morning session. BankNifty was trading in a range with choppy moves.
Trades we took today -
> Bought BankNifty 38400 PE at 440 which we booked with 50 points loss
> Bought BankNifty 37800 CE at 470 which we booked with 50 points loss
> Bought BankNifty 38400 PE again at 490 which we booked with 50 points loss
> Bought BankNifty 38600 PE at 470 which went above our 2nd Target 610 and Traders booked profit in this Trade
> Bought BankNifty 37800 CE at 390 which went above our 1st Target 460 and Traders booked profit in this Trade
> Bought BankNifty 38400 PE at 470 which went above our Last Target 630 and Traders booked profit in this Trade
Overall, Choppy Day for BankNifty Option Traders.
Tomorrow, we may see an upmove for 150-250 points if BankNifty sustains above 38150.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:00.
Intraday Levels:
Buy Above 38150
Sell Below 37800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday view for 20-01-2021Good morning all,
Yesterday: A classic premium eating game played. Long volatile candles on both sides attracting and killing.
Today: THERE IS NOTHING. Absolutely nothing... across time frames.... Unless the chart speaks to you.... you don't plot #rule.
So;
Long side view:
NO CLARITY AS OF NOW
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Short side view:
NO CLARITY AS OF NOW
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.