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BankNifty Intraday view for 19-01-2021Good evening all, Today: What a rollercoaster ride today. 650 points up and then 850 down. This also makes tomorrow's play potentially dull being premium eating day. Tomorrow: We may look at a range bound index. RSI too has taken support from 40 and below there has been support at 37, 35 and 33. So not much potential there and 'long' seems to be long long away. I have adjusted short for a better R:R. So; Long side view: NO CLARITY AS OF NOW --------------- Short side view: Sell below 37845 Target 1 - 37715 TSL below this Target 2 - 37570 (Short SL - 37925) *** 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.
NSE:BANKNIFTY
by ChartMantra
1
BankNifty Intraday view for 18-01-2021Good evening all, Today: While the index did give us a few points on the long side, it was risky and then boring. RSI between 60 and 40 through the day did not offer anyone any opportunity other than sellers. Being stuck in 200 points range is so not BNF. Tomorrow: Let me start on the short side, we continue our view about that if 37925 is broken down. So no change there since yesterday, some few adjustments made basis the time frame. On the long side, today's intraday high is our entry point then incremental 100 points targets. So; Long side view: Buy above 38620 Target 1 - 38750 TSL above this Target 2 - 38850 Target 3 - 38960 (Long SL - 38365) --------------- Short side view: Sell below 37925 Target 1 zone 37845 TSL below this Target 2 - 37715 Target 3 - 37570 (Short SL - 38000) *** 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.
NSE:BANKNIFTY
by ChartMantra
BankNifty Intraday Trade Setup | 17th January 2022BankNifty opened with a Gap-down below our Sell Level 38370, we saw selling on the morning session and BankNifty made low around 38000 which was a psychological support level and we saw great recovery for more than 400 points from lower levels. Trades we took today - > Bought BankNifty 38300 PE at 470 which we booked with 70 points loss > Bought BankNifty 38300 PE at 430 which made a high around 540 and Traders booked profit in this Trade > Bought BankNifty 38000 CE at 510 which made a high around 700 and Traders booked profit in this Trade > Bought BankNifty 38200 CE at 410 which we booked with 60 points loss Overall, Traders made some losses in morning trades but turned that into profit in the second half. Tomorrow, BankNifty is expected to open with a Gap-up or Gap-down due to HDFCBank Result. Expectations for Tomorrow: Volatile Day. Intraday Levels: Buy Above 38450 Sell Below 38270 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
2
BankNifty Intraday view for 17-01-2021Good morning all, Friday: A huge Gap down entry denied us 2 targets. But life is such and so is BNF. Tomorrow: Again we are have the RSI at around 50 suggesting a move on the either side. On the long side, we wait for 38450 to see some incremental benefit and on the short side the set up suggests a move below 37940. So; Long side view: Buy above 38450 Target 1 zone 38525 - 38575 TSL above this Target 2 - 38650 (Long SL - 38365) --------------- Short side view: Sell below 37940 Target 1 zone 37845 TSL below this Target 2 - 37715 Target 3 - 37585 (Short SL - 38000) *** 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.
NSE:BANKNIFTY
by ChartMantra
BankNifty Intraday Trade Setup | 14th January 2022BankNifty opened with a small Gap-down and we saw selling in the morning towards the 38400 zones which acted as support and BankNifty remained in a 100-150 points range throughout the day. Trades we took today - > Bought BankNifty 38700 PE at 520 which went towards our First Target 570 and Traders booked profit in this Trade > Bought BankNifty 38800 CE at 400 which went above our First Target 450 and Traders booked profit in this Trade > Bought BankNifty 38700 CE at 400 which we booked with 10 points loss as there was not much movement > Bought BankNifty 38500 PE at 430 which went towards our Second Target 500 and Traders booked profit in this Trade Today was a weekly expiry and we always trade the next week option to avoid fast premium decay in the range-bound market. Overall, a range-bound expiry though Traders booked some profit. Today's low is important, if BankNifty breaks 38370 we may see a fast down move for 120 - 250 points. Expectations for Tomorrow: Trending Day. Intraday Levels: Buy Above 38600 Sell Below 38370 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
BankNifty view for the week of 17th - 21st JanuaryGood morning All, Last week: Our long move did qualify the entry level and had a pullback from the RSI 70 resistance level. However, lack of any momentum made a sluggish index This week: Our entry moves up this time to the target set last week and wait for it move from there to fetch ~500 points. This is dependent on the momentum we achieve and RSI crossing over the 70 mark. on the short side, entry is below 37580 and if it breaks that down, then we may see 37000. With a current daily ATR of ~650 points, both things are possible. *** 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.
NSE:BANKNIFTY
by ChartMantra
BankNifty Expiry Trade Setup | 13th January 2022BankNifty opened with a Gap-up above 38700 and after some consolidation, we saw a follow-up upmove towards 38850. It was a range-bound day so not much opportunity for Option Buyers. Trades we took today - > Bought BankNifty 38900 PE at 350 which went above 400 but only a few Traders could take the position as it moved fast > Bought BankNifty 38400 CE at 440, added more at 400 which went above our 2nd Target 510 and Traders booked good profit in this Trade > Bought BankNifty 39000 PE at 340 which went near to 500 and Traders booked good profit in this Trade Overall, a BankNifty Option Buyers booked a small profit on a choppy day. BankNifty was taking support at 38600, if support breaks tomorrow we may see a fast move. Expectations for Tomorrow: Range-bound Day, Volatality after 12:20 PM. Intraday Levels: Buy Above 38810 Sell Below 38600 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
3
BankNifty Intraday view for 14-01-2021Good morning all and Happy Makar Sankranti, Yesterday: We made 2 targets n then the market went in range. Not exactly a volatile expiry. Today: Again we have a decent setup offering us a potential trade on both sides. The RSI hovering around 50 is also a good indicator of that. Another possibility is the range between 38250 and 38550 that may stick itself. So; Long side view: Buy above 38580 Target 1 - 38660 TSL above this Target 2 zone 38790 - 38800 Target 3 - 38850 (Long SL - 38500) --------------- Short side view: Sell below 38400 Target 1 zone 38275 - 38210 TSL below this Target 2 - 38125 Target 3 zone 38030 - 38000 (Short SL - 38500) *** 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.
NSE:BANKNIFTY
by ChartMantra
2
BankNifty Intraday view for 13-01-2021Good evening all, Today: I didn't post anything last evening because there was nothing new to post. Our Chart from yesterday bore fruit today. Tomorrow: The market trading in a very narrow range of 200-250 points is very unlike BNF. Something's gotta give. May be tomorrow. For the long Position, refer to my weekly chart as well. If it sustains above 38850 then we will see 39000 - 39120. On the short side 38600 is an IMPORTANT level below we may see some steady benefit. So; Long side view: Buy above 38850 Target 1 - 39000 TSL above this Target 2 - 39120 (Long SL - 38700) --------------- Short side view: Sell below 38600 Target 1 - 38500 TSL below this Target 2 - 38400 Target 3 - 38330 Target 4 - 38275 (Short SL - 38700) *** 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.
NSE:BANKNIFTY
by ChartMantra
BankNifty Intraday Trade Setup | 11th January 2022BankNifty opened with a big Gap-up around 37950, gave follow-up upmove in the morning and we saw some selling but again taken support near morning low and closed above 38300. Trades we took today - > Bought BankNifty 38000 CE at 490 which we booked with 60 points loss > Bought BankNifty 38400 CE at 290 which we booked with 30 points loss > Bought BankNifty 38300 PE at 420 which went above our 3rd Target 540 and Traders booked great profit in this Trade > Bought BankNifty 37800 CE at 470 which made a high above our Last Target 570 and Traders booked great profit in this Trade > Bought BankNifty 38100 CE at 380 which made a high above our Last Target 490 and Traders booked great profit in this Trade Overall, a Great day for BankNifty Option Buyers. Tomorrow, we may see an upmove above 38400 but trade small qty as BankNifty already moved around 3000 points in last 7 sessions. Expectations for Tomorrow: Volatile Day. Intraday Levels: Buy Above 38400 Sell Below 38090 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
BankNifty Intraday view for 11-01-2021Good morning all, Yesterday: Like we predicted, A quick move early in the day and then range bound till the last 45 minutes. The good and bad of that is..... RSI has stayed above 60 but the price has closed at a STRONG resistance zone. Today: We wait and watch. On the 'Long' side, entry above 38450 ONLY and please do wait for the price to close above that level. If it sustains, then we may see a move. On the 'Short' side, no clarity whatsoever and will update through the day if anything is evident. So; Long side view: Buy above 38450 Target 1 zone 38550 TSL above this Target 2 - 38780 Target 3 zone 38000 - 38050 (Long SL - 38350) --------------- Short side view: NO Clarity right now and *** 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.
NSE:BANKNIFTY
by ChartMantra
1
BankNifty Intraday view for 10-01-2022Good morning all, Friday: Our Target on the long side was met and then index went into a range. However, it created a structure for us to potentially trade on today. Today: We may see some quick movements and then mostly a range bound. Why?, Because Index is hovering around the resistance area and RSI at 56. and the short is way down below. So; Long side view: Buy above 37865 Target 1 zone 37980 - 38050 TSL above this Target 2 - 38130 (Long SL - 37750) --------------- Short side view: Sell below 37410 Target 1 - 37185 TSL below this Target 2 zone 37050 - 37000 (Short SL - 37570) *** 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.
NSE:BANKNIFTY
by ChartMantra
BankNifty Intraday view for 05-01-2021Good evening all, Today: Upward momentum broken and nicely poised for tomorrow. Like I mentioned, profit booking early in the day. Tomorrow: We may see a range bound market between 37890 and 37000. For any good movement on either side, we need these levels to be breached. RSI too at 56 and can go any direction from here. So; Long side view: Buy above 37890 Target 1 zone 38000 - 38045 TSL above this Target 2 - 38240 Target 3 - 38440 (Long SL - 37750) --------------- Short side view: Sell below 37000 Target 1 zone 36890 - 36825 TSL below this Target 2 - 36690 Target 3 - 26520 (Short SL - 37115) *** 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.
NSE:BANKNIFTY
by ChartMantra
4
BankNifty Expiry Trade Setup | 6th January 2022BankNifty opened flat, started moving upside since opening and we again saw a great 1000 points move. Trades we took today - > Bought BankNifty 37300 PE at 340 which we went above 400 and Traders booked profit in this Trade > Bought BankNifty 36900 CE at 490 which made a high above our last Target 625 and Traders booked great profit in this Trade > Bought BankNifty 37000 CE at 440 and added more at 390 which we booked with minor profit > Bought BankNifty 37700 PE at 430 which we booked with 70 points loss > Bought BankNifty 37100 CE at 420 which made a high above our last Target 550 and Traders booked great profit in this Trade > Bought BankNifty 37300 CE at 490 which made a high around our 2nd Target 600 and Traders booked great profit in this Trade > Bought BankNifty 38000 PE at 300 which made a high above our last Target 425 and Traders booked great profit in this Trade Overall, Today BankNifty Option Buyers booked Wonderful Profits. If BankNifty sustains above 37820 we can again expect 150-250 points upmove but 38000 would act as psychological resistance so be cautious in that zone. Expectations for Tomorrow: Range-bound Day, Volatality after 1:15 PM. Intraday Levels: Buy Above 37820 Sell Below 37500 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
2
BankNifty Intraday view for 06-01-2021Good evening all, Today: For the 3rd day in a row, momentum carried through and gave us 700 points today from our entry level. Tomorrow: First weekly expiry of the year and we may see some volatility basis earlier momentum and profit booking. So be careful. 'Long' will be sustained only above 38000 and there is absolutely no clarity on 'Short'. I will update the 'Short' view basis tomorrow mornings movement. So; Long side view: Buy above 38050 Target 1 - 38240 TSL above this Target 2 - 38440 Target 3 - 38540 (Long SL - 37890) --------------- Short side view: TOMORROW MORNING *** 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.
NSE:BANKNIFTY
by ChartMantra
5
BankNifty Intraday Trade Setup | 5th January 2022BankNifty opened flat and after a choppy move in the morning, BankNifty gave a good up-move and faced resistance around our last level 36880 and remained in the range. Trades we took today - > Bought BankNifty 35400 CE at 390 which we booked with 50 points loss > Bought BankNifty 36800 PE at 430 which we booked with 40 points loss > Bought BankNifty 36500 CE at 360 which we booked with 40 points loss Overall, it was a bad day for BankNifty Option Buyers. Tomorrow, if BankNifty sustains above 36900 in the morning we may see another 150-300 points upmove but remain cautious as 37000 is psychological resistance. Expectations for Tomorrow: Volatile Day. Intraday Levels: Buy Above 36900 Sell Below 36700 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
BankNifty view for the week of 3rd - 7th JanuaryHappy New Year All, Last week: We saw a climb from 34230 levels making a nice structural set up for a potential move. This week: Our entry point on the North side is above 35700 with T1 at 36000 and SL 35480 making it a good RR. Down south, entry is only below 33900 as we have seen support at 34000 previously, The target there is a good 600 points Between 35700 and 33900, you will not be able to carry your position as the premium decay will be bad. *** 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.
NSE:BANKNIFTY
by ChartMantra
BankNifty Intraday view for 05-01-2021Good evening all, Today: Again a good run on top making us achieve 1 target intraday and 3rd target on the weekly chart. Tomorrow: Again, the market is at a critical reversal point but RSI has some headroom above. If the market reverses from here, we look at 2 important aspects, RSI breaking down on 60 and index below 36260. Below that, we again may even see a drop up to 36000 and lower. For it to sustain the long run, we wait for 37160 to be breached for a potential target of 37500. Between 37150 and 36250.... take a nap or make a short straddle. So; Long side view: Buy above 37160 Target 1 zone 37500 - 37580 TSL above this Target 2 zone 37890 - 38000 (Long SL - 36860) --------------- Short side view: Sell below 36260 Target 1 zone 36000 - 35875 TSL below this Target 2 zone 35560 - 35480 (Short SL - 36515) *** 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.
NSE:BANKNIFTY
by ChartMantra
2
BankNifty Intraday Trade Setup | 4th January 2022BankNifty opened with a minor gap-up today near 356100, we saw a minor dip in the morning and then it was a trending day and BankNifty was forming higher highs throughout the day. Trades we took today - > Bought BankNifty 35400 CE at 480 which we booked with 50 points loss > Bought BankNifty 35700 PE at 360 which we booked with 30 points loss > Bought BankNifty 35700 CE at 460 which made a high above 560 and Traders booked great profit in this Trade > Bought BankNifty 36200 CE at 300 which made a high above 420 and Traders booked great profit in this Trade > Bought BankNifty 36200 PE at 340 which we booked with 15 points loss Overall, a great day for BankNifty Option Buyers. Tomorrow, if BankNifty sustains above 36500 in the morning we may see another 120-250 points upmove. Expectations for Tomorrow: Volatile Day. Intraday Levels: Buy Above 36500 Sell Below 36270 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
2
BankNifty Intraday view for 04-01-2021Good evening all, Today: We had a very good run today post breakout of 35700. Like we had expected and fetched us 3 targets. Tomorrow: (Look at the chart intraday chart for (03-01-2022 for reference). The market is at a critical reversal point and with RSI already over 80 making it a good candidate for correction. How much that will be is to be watched and 36235 is am important level. Below that, we may even see a drop up to 36000. For it to sustain the long run, 36600 needs to be breached for a potential target of 36750 and then 36840. Else, it may just bore us again in 400 point range between 36600 and 36200. So; Long side view: Buy above 36600 Target 1 zone 36750 - 36840 TSL above this Target 2 - 37000 Target 3 - 37150 (Long SL - 36465) --------------- Short side view: Sell below 36235 Target 1 zone 36120 - 36075 TSL below this Target 2 zone 36000 - 35950 (Short SL - 36350) *** 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.
NSE:BANKNIFTY
by ChartMantra
BankNifty Intraday view for 03-01-2022Good evening all, Last week of the year: lesser said the better. No direction and momentum that only suited an option seller. Tomorrow: We again may see a range between 35700 and 35300 making it NOT a very good start to the year. Our entry is only above that up to 35815 with a RR of little above 1. On the short side, tooooooo much noise and nothing till below 33900 as indicated in my weekly view. So; Long side view: Buy above 35700 Target 1 35815 TSL above this Target 2 zone 35950 - 36000 (Long SL - 35600) --------------- Short side view: check my weekly view . Nothing for tomorrow *** 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.
NSE:BANKNIFTY
by ChartMantra
1
BankNifty Intraday Trade Setup | 3rd January 2022BankNifty opened flat today and gave a great rally in the morning 30 mins, post that it was trading in a range. Trades we took today - > Bought BankNifty 35200 PE at 370 which we booked with 40 points loss > Bought BankNifty 35300 PE at 360 which we booked with 30 points loss > Bought BankNifty 35500 CE at 440 and we added more at 380 which we booked at a cost due to slow movement > Bought BankNifty 35400 CE at 420 which went towards 500 and Traders booked good profit in this Trade > Bought BankNifty 35600 PE at 390 which went above 450 but we asked Safe Traders to exit at cost as there was no movement Overall, a choppy day for BankNifty Option Buyers. BankNifty has given the Breakout and we can see another good move on the upside if it Breaks 35600. Expectations for Tomorrow: Volatile Day. Intraday Levels: Buy Above 35600 Sell Below 34350 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
BankNifty Intraday Trade Setup | 31st DecemberBankNifty opened flat today, it made a panic low in the morning around 34750 and recovered instantly from lower levels. Trades we took today - > Bought BankNifty 34900 PE 6th Jan at 450 which we booked with 50 points loss > Bought BankNifty 35100 CE 6th Jan at 410 which we booked at a cost due to no momentum > Bought BankNifty 35000 CE at 70 which made a high around 200 and Traders booked great profit in this Trade > Bought BankNifty 35100 PE at 100 in which we booked 35 points profit > Bought BankNifty 35200 PE 6th Jan at 440 which we booked at a cost due to no momentum Overall, a choppy day for BankNifty Option Buyers. BankNifty has to break this 300-400 points range then only we can expect a trending move. Expectations for Tomorrow: Range-bound Day, Volatility after 1:30 PM. Intraday Levels: Buy Above 35200 Sell Below 34800 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India