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BankNifty Intraday Trade Setup | 27th DecemberBankNifty opened with a Gap-up at 35327, we saw sharp selling at open and BankNifty made a low around 34600 which provided support to BankNifty. Trades we took today - > Bought BankNifty 35000 PE at 380 which made a high above 500 and Traders booked great profit in this Trade > Bought BankNifty 34900 PE at 430 which made a high above 530 and Traders booked great profit in this Trade Overall, a Great Day for BankNifty Option Buyers. BankNifty trading in a range and we may see a fast move wherever BankNifty gives a breakout. Expectations for Tomorrow: Volatile Day. Intraday Levels: Buy Above 35050 Sell Below 34600 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 | 24th DecemberBankNifty opened with a Gap-up near 35350 and we saw some selling in the morning and BankNifty showed a good rebound from lower levels. Trades we took today - > Bought BankNifty 35300 CE 30th Dec at 370 which we booked at a cost due to slow movement in the morning > Bought BankNifty 35200 PE 30th Dec at 370 which we booked with 50 points profit > Bought BankNifty 35300 CE 30th Dec again at 350 which made a high above 450 and Traders booked great profit in this Trade > Bought BankNifty 35200 PE 30th Dec at 280 which we booked with 50 points profit due to slow movement Overall, a Good Day for BankNifty Option Buyers. Tomorrow if BankNifty starts trading below 34980 we may see 130-200 points down move. Expectations for Tomorrow: Trending Day. Intraday Levels: Buy Above 35280 Sell Below 34980 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BankNifty Intraday Trade Setup | 22nd DecemberBankNifty opened with a big Gap-up above our Buy Level 34550 as expected and faced resistance at the 34950 zones in the morning. BankNifty was showing strength and able to cross 35000 level but we saw sharp selling from higher levels in the second half. Trades we took today - > Bought BankNifty 35000 PE at 340 which made a high above 500 and Traders booked great profit in this Trade > Bought BankNifty 34700 CE at 310 which made a high above 450 and Traders booked great profit in this Trade > Bought BankNifty 34600 CE at 410 which made a high above 550 and Traders booked great profit in this Trade > Bought BankNifty 34800 CE at 370 which we booked with 90 points loss > Bought BankNifty 34900 PE at 410 which made a high around 600 and Traders booked great profit in this Trade Overall, a Great Day for BankNifty Option Buyers. Tomorrow, we can see a fast down-move if BankNifty sustains below today's low. Expectations for Tomorrow: Volatile Day. Intraday Levels: Buy Above 34700 Sell Below 34385 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 | 21st DecemberBankNifty opened with Gap-down below the last support zone 35300 due to weak Global Cues and we saw panic selling in the morning which came to BankNifty near to 34000 level and took support in this zone. Trades we took today - > Bought BankNifty 35000 CE at 290 which we booked with 50 points loss > Bought BankNifty 34400 PE at 400 which we booked at a cost due to choppy movement > Bought BankNifty 34400 PE again at 450 which made a high around 600 and Traders booked great profit in this Trade > Bought BankNifty 34300 CE at 450 which we booked with 50 points loss BankNifty is oversold and expecting another upmove if it sustains above 34530 tomorrow. Expectations for Tomorrow: Volatile Day. Intraday Levels: Buy Above 34530 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
2
Entry Plan for BANKNIFTY 56000 Target We have completed 5 Wave move Up since Covid Fall and now in making of 5-3-5 Corrective pattern ((A)) ((B)) ((C)). Its too Early to confirm Connector ((B)) is completed however assuming it is done, we can now expect making of wave ((C)) Black is in process and we can have entry planned @ 31080 Level with target to en-cash Next Up move of Wave III red. Trade Plan : Well In advance Entry : 31080 Stop Loss : 27000 Target : 56000
NSE:BANKNIFTYLong
by profitadda
7
BankNifty view for the week of 20th - 24th DecemberGood evening all, Last week: We saw a the continuation down after a pull back from the previous one. This was necessary and a good one of between 50% and 61.8%. This provided us a good structure on both sides for the last week and next. This week: Our entry point is below 34800 with a potential target of 800 points on the short side. On the long side, we wait for 38000 to be breached for a target of 200 points/ But not a good RR ratio there. *** 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 | 20th DecemberBankNifty opened with flat and we saw sharp selling at open. After morning fall BankNifty was trading in a range which was broken on the lower side in last hour and low was made near 35500 level. 35350-35300 is the last support zone which is important on hold, else we see again 500-1000 points fall very soon. Expectations for Tomorrow: Volatile Day. Intraday Levels: Buy Above 35700 Sell Below 35480 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 | 17th DecemberBankNifty opened with a big gap-up due to Global cues but BankNifty couldn't sustain at higher levels, we saw selling at open and BankNifty broke the 36500 support zone as well during the day. Trades we took today - > Bought BankNifty 37000 CE at 370 which we booked around the cost > Bought BankNifty 37000 PE at 310 which made a high above 430 and Traders booked great profit in this Trade > Bought BankNifty 37000 CE at 305 which we booked with 55 points loss Overall, Choppy day for BankNifty Option Buyers. For tomorrow, 36400 is an important level to hold, we may see another sharp fall if BankNifty breaks this. Expectations for Tomorrow: Trending Day. Intraday Levels: Buy Above 36600 Sell Below 36400 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BankNifty Expiry Trade Setup | 16th DecemberBankNifty opened a flat and tried to Break the resistance 37050 which was also our Buying zone but it couldn't sustain and we saw rejection in the morning. BankNifty also tested the lower range but that happened after 3:00 so it was a range-bound day. Trades we took today - > Bought BankNifty 37000 CE at 230 which we booked with 40 points loss > Bought BankNifty 36800 CE at 300 which we booked with 50 points loss > Bought BankNifty 37100 PE at 320 which we booked at the cost > Bought BankNifty 36800 CE at 280 which made a high around 350 and Traders booked profit in this Trade Overall, not a Good day BankNifty Option Buyers. Tomorrow, If BankNifty opens with Gap-down be cautious as we can see an expiry short-covering move. Expectations for Tomorrow: Range-bound day, Volatilatily after 1:00 PM. Intraday Levels: Buy Above 37050 Sell Below 36750 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 Trade Setup | 15th DecemberBankNifty opened with Gap-down below 36800 which was our Selling level and we saw a fast down-move in the morning towards 36593. Trades we took today - > Bought BankNifty 37100 PE at open around 490 which made a high above 600 and Traders booked good profit in this Trade > Bought BankNifty 36600 CE at 370 which we booked with 50 points loss > Bought BankNifty 37000 PE at 470 which made a high above 550 and Traders booked good profit in this Trade > Bought BankNifty 36500 CE at 330 which made a high above 500 and Traders booked great profit in this Trade > Bought BankNifty 36500 CE at 330 which made a high above 500 and Traders booked great profit in this Trade > Bought BankNifty 37000 PE at 310 which we booked with 10 points loss > Bought BankNifty 36800 CE at 340 which made a high above 420 and Traders booked good profit in this Trade Overall, a Great Day for BankNifty Option Buyers. Tomorrow if BankNifty sustains above 37050, we can see a short-covering upmove. Expectations for Tomorrow: Volatile day. Intraday Levels: Buy Above 37050 Sell Below 36750 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 | 14th DecemberBankNifty opened with Gap-up near 37380 and we saw a good upmove towards 37570 zones but BankNifty couldn't sustain at upper levels and we saw almost 750 points fall from day high. Trades we took today - > Bought BankNifty 37300 CE at 410 which made high around 487 and Traders booked 60 points profit in morning Trade For tomorrow 36800 is important, if BankNifty sustains below that zone we may see fast 150-300 points downmove. Expectations for Tomorrow: Volatile day. Intraday Levels: Buy Above 37100 Sell Below 36800 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 10-12-2021Good morning all, Yesterday: Like we predicted, a very range bound market within a 600 point zone. Very unlike BNF to be that way. Especially, when the ATR is around 750. This because, a couple of things happened, 1) bounced back from the multi day support line of 36875 and 2) did not breach the PRZ level of 37275. Hence the 600 point zone Today: We again may see a range between 37500 and 36750 and our entries are marked on either side of these. So; Long side view: Buy above 37510 Target 1 zone 37790 - 37890 TSL above this Target 2 - 38000 Target 3 - 38100 (Long SL - 37400) --------------- Short side view: Sell below 36775 Target zone 36655 - 36575 TSL below this (Short SL - 36875) *** 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 09-12-2021Good morning all, Yesterday: After a wait of 2 days, our entry and target was met yesterday. Today: Today's movement looks like range bound unless 37600 in the north and 36500 in the south is not breached. So; Long side view: Buy above 37600 Target 1 zone 37890 - 38000 TSL above this Target 2 - 38225 (Long SL - 37380) --------------- Short side view: Sell below 36500 Target 1 - 36225 TSL below this Target 2 zone 36000 - 35890 (Short SL - 36775) *** 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 06-12-2021Good morning all, Friday: Over Thursday and Friday, market again saw itself in a 800 points range which is the current ATR too. So, no surprises there. However it's movement does make a nice structure for us to trade. Today: Today's movement will again define the week. The current structure suggests a 'Long' but only after 37000. A lot of noise between here and that point. On the 'Short' side, we continue to maintain the same levels from last week. The non-tradable range however is of 1500 points, which is 2XATR and may keep the market in that range. The view that I am expressing is valid NOT ONLY for today but till the time index breaks the range. So keep this mind and trade accordingly. Be careful if you are going to buy options as theta decay will make you lose money. So; Long side view: Buy above 37000 Target 1 zone 37200 - 37260 TSL above this Target 2 37500 (Long SL - 36850) --------------- Short side view: Sell below 35500 Target 1 - 35310 TSL below this Target 2 - 35000 (Short SL - 35700) *** 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 view for the week of 6th - 10th DecemberGood evening all, Last week: We were able to achieve our 1st target within a mater minutes on Monday and then snuck into the range we had marked between SL and Target. This week: The range this time is huge, 2000 points and may see the week within that making us wait and watch. On either side 37200 and 35300m the RER is good and make us earn between 300-500 points. *** 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 02-12-2021Good evening all, Today: The down side move negated and was in a range that it has mostly been in since the last 2 days. A range as large as 800 points. It however did make us meet our 1st target on the long side. Tomorrow: I think it will be boring expiry for the range it can be in. Above 36510 and 35710 is when we get to make some money unless we scalp. But with an ATR of 200, any scalping will only eat up the time decay. And we need to be careful. So; Long side view: Buy above 36510 Target 1 - 36630 TSL above this Target 2 36770 (Long SL - 36360) --------------- Short side view: Sell below 35710 Target 1 - 35530 TSL below this Target 2 zone 35380 - 35330 (Short SL - 35900) *** 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 01-12-2021Good evening all, Today: As expected, a tricky place to be and with rapid moves. This however creates a favourable structure for tomorrow. Tomorrow: All in possibility the downward move should continue unless the trappers play it foul. The 'short' side move has a potential till 35000 on the current structure. So; Long side view: Buy above 36250 Target 1 zone 36420 - 36450 TSL above this Target 2 36770 (Long SL - 36000) --------------- Short side view: Sell below 35490 Target 1 - 35330 (if the market opens gap down, make this your entry point, but let it sustain and then make the earlier entry your SL) TSL below this Target 2 35140 Target 3 zone 35000 - 34950 (Short SL - 35600) *** 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 view for the week of 29th November - 3rd DecemberGood evening all, Last week: I was out on travel and wasn't able to look at the index at all. Sometime, a break is essential. This week: The downside move look to continue and can be brought at the current level or on a pull back at 36230 for a potential target of 35530 and then 34825. Why I think the pull back will happen is because the RSI at 26 and has bottomed at 30 a few times before. For it to hit the next bottom at 21-20 and it may see some upward movement and then down again. Tomorrow: I am NOT posting for intraday tomorrow because the index is very precariously placed. We may see some huge volatility making it risky. So, in all wait and watch tomorrow (for intraday). But you certainly can take a position basis the daily chart for this week. *** 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 view for the week of 15th - 19th NovemberGood evening all, Last week: The range we had marked between 40160 and 38400 ws well respected by the index and did not allow us any entry. Primarily all the profit booking that for buying that started in September & October. This week: Again the levels allow us entry ONLY after 40160 on the 'long' side and below 38000 on the 'short' side. Why 38000? Look at the dynamic trend line crossing through. A break down of that will give us a move of 500 points and then 500 some more. *** 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