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Bankniftyidea

BankNifty Intraday view for 12-10-2021Good evening all, Today: Something had to give..... and it did. A new ATH and move of 475 points from our entry level. Hope you made some good money today. This because the the index was making higher lows consistently for the past few sessions forming an ascending traingle and had to break out at some point. Tomorrow: The multiple harmonic patterns on my chart are only to punctuate the point that the index reached the reversal zone today at around 38500. From here if it has to go up (daily chart indicates 38650), we need a strong pull back. And, that is what we will wait for. So; Long side view: NO CLEAR VIEW --------------- Short side view: Sell below 37920 Short Target 1 zone 37710 - 37675 TSL below this Target 2 - 38450 Target 3 - 38365 (Short SL - 38100) *** 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:BANKNIFTYShort
by ChartMantra
BankNifty Intraday view for 11-10-2021Good evening all, Friday: It was equally bad as Thursday. Stuck within a range of 375 points on a 14 day ATR is of 550. Something should give this week. Tomorrow: Dynamic support trend line being respected is a good sign for the index move up. Again, ONLY if 38100 is breached. We will this time enter at 38120 to see 38265 and then a 100 - 300 point move. The same trend line also provides us with an opportunity to go south. From 37680 to all the way 37000. So; Long side view: Buy above 38120 Long Target 1 - 38260 TSL above this Target 2 - 38375 Target 3 - 38570 (Long SL - 37950) --------------- Short side view: Sell below 37680 Short Target 1 zone 37450 - 37315 TSL below this Target 2 - 38200 (Short SL - 37850) *** 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 08-10-2021Good evening all, Today: If there is something lesser than nothing, that was today. Stuck within a range of 275 points when the 14 day ATR is of 550 at this point in time. So something gotta give.... When? Let's see. Tomorrow: We shall not leave our hope and trade what we see. And we potentially see an upward movement ONLY if 38100 is breached. However, we will enter after 38265 for a 100 - 300 point move. Down south..... Nothing till 37400-350. So; Long side view: Buy above 38265 Target 1 - 38365 TSL above this Target 2 - 38565 (Long SL - 38100) --------------- Short side view: No clear levels till 37350... Below that, 37150, 37000 & 36865. *** 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 07-10-2021Good evening all, Like I mentioned in the morning, nothing has changed over the past 2 days and nor did it today. Only Option writers making merry by building a false optimism on both sides. Tomorrow: Expiry day and the volatility will be within 38120 and 37350... For us to catch any trend, these 2 levels become very important. Especially because of a possible H&S on the dynamic support trend line. So; Long side view: No clear levels up until 38100 --------------- Short side view: No clear levels till 37350... Below that, 37150, 37000 & 36865. *** 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 06-10-2021Good morning all, Nothing has changed over the past 2 days mon the long side. We still wait for mount 38000. Till then look south. Downward, our levels have moved. We can now look at an entry at 37315 and potentially see a good fall of around 200-300 points. But today is Wednesday, premium eating day..... So be careful of the range. So; Long side view: No clear levels up until 38000 --------------- Short side view: Sell below 37315 Target 1 - 37050 TSL below this Target 2 zone 36885 (Short SL - 37530) *** 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 04-10-2021Good evening all, Last week: We saw the index move down from an ATH to a swing low from the previous week. But mostly in a range. Tomorrow: From that low it bounced back and is hovering around the 37200 mark. Problem however is, we still don't see a clear 'Long' Entry till 38000. If it sustains that, then, 38112, 38260, 38360 and the harmonic pattern on daily chart even indicates 38650, that is the 'Looooong' story though. On the 'Short' side, we can comfortably take an entry only after 36885 to see 36740, which, is a strong reversal point. Breach that, and we see 36525 and 36450 (this too is a multi time frame support level). So; Long side view: No clear levels up until 38000 --------------- Short side view: Sell below 36885 Target 1 - 36740 TSL below this Target 2 zone 36525 - 36450 (Short SL - 37000) *** 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 01-10-2021Good evening all, Today: Like we marked out yesterday, the market behaved exactly as expected.... Between 38000 and 37300. Only sellers making money. Tomorrow: Today's movement however, does provide us with the optimism for a good 'Short' if it does... New month, new opportunity..... On the long side, nothing up until 38115. So; Long side view: Buy above 38115 Target 1 - 38260 Above this TSL Target 2 - 38360 (Long SL - 38000) --------------- Short side view: Sell below 37315 Target 1 - 37200 TSL below this Target 2 - 37055 Target 3 - 36885 Target 4 zone 36755 - 37000 (Short SL - 37450) *** 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 29-09-2021Good evening all, Today: We saw a fall from the top where we had marked as resistance. And what a fall. Gave us a good 480 points. Only to go back up by 500 points. This because, it hit the SR zone of the past (20th & 22nd). A total of 900+ points earned in a day. Tomorrow: The problem with such a huge move in one day poses a problem for the next. As you can see, the room on top is only beyond 38400 and where take an entry on the 'Long' side. The exit target can be set only if the index retraces to a good level. But on the 'Short' side, we take an entry below 37200 for a target of 200-300 points. So; Long side view: NO CLEAR LEVELS --------------- Short side view: Sell below 37200 Target 1 - 37055 TSL below this Target 2 zone 36945 - 36885 (Short SL - 37315) *** 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 28-09-2021Good morning all, Yesterday: We saw a new ATH due to a opening with a huge gap. It did not sustain though and started retracing after 15 mins. We however did make around 200 points in that time frame. And this, was an exact reversal from the point we had marked as a PRZ. Today: The room on top as you see, is congested with a lot of resistance areas being built up. While the index did make new ATHs over last few sessions, the movement hasn't created enough room for us to be safe and comfortable. So trade with care if you go long. Good chances are that the index stays within the 38350 and 38000 range. If it does break the 38975 level down, then we a see a good 150-200 point move. So; Long side view: NO CLEAR LEVELS --------------- Short side view: Sell below 37975 Target 1 zone 37860 - 37825 Target 2 - 37760 (Short SL - 38075) ** Also remember, NO MORE SLM ORDERS ** *** 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 27-09-2021Good evening all, Friday: Again BNF did a number on us and opened with a huge gap up and then snuck into a range. Tomorrow: For us to have traction, we need the 38000 - 38110 mark to be comfortable breached in the north and 37525 in the south. Till then we'll pick all the crumbs we can. So; Long side view: Buy above 38000 Target 1 zone 38110 - 38150 Above this TSL Long Target 2 - 38330 (Long SL - 37875) --------------- Short side view: Sell below 37525 Target 1 zone 37330 - 37200 (pretty huge) start TSL after 37330 Target 2 zone 37060 - 37000 (Short SL - 37675) ** Also remember, NO SLM FROM 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
BankNifty Intraday view for 24-09-2021Good evening all, Today: BNF did a number on us and opened with a huge gap up. Invalidating our entry and target on the long side. However, if you did take an entry on the pullback and the original entry point as SL you would have made some good money. Tomorrow: Today's climb from 37300 and close at 37800 puts us in a tricky situation. We are based at one of the reversal levels and may see a turnaround. If it does, we wait for 37325 to make an entry. However, for the climb to continue, we need the 38000 mark to be breached. Only after that will we see the earlier and a new ATH. So; Long side view: Buy above 38000 Target 1 zone 38110 - 38150 Above this TSL (Long SL - 37830) --------------- Short side view: Sell below 37325 Target 1 - 37185 Below this TSL Target 2 zone 37065 - 37000 Target 3 - 36885 (Short SL - 37460) *** 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 23-09-2021Good afternoon all, Today: Like I mentioned yesterday, the range will be between 37400 and 36900......And it was. Also, today emphasized the importance of a correct entry and later exit. Jumping into a position is never a good idea and will never be. Tomorrow: Today suggests a downward movement for tomorrow barring the last 15M candle. Hence, we stick to our short entry of 36865 and if it does break that level down and sustain, 36700 should not be a problem. we may even see the 36525 level from yesterday. So; Long side view: Buy above 37220 Target 1 zone 37315 - 37330 Above this TSL (Long SL - 37100) --------------- Short side view: Sell below 36865 Target 1 zone 36695 - 36670 Below this TSL Target 2 zone 36620 - 36590 Target 3 - 36525 (Short SL - 37000) *** 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 22-09-2021Good evening all, Today: Expected move of 500 points after the break down of 37000 and reversed from a point where we did not expect it to. But that's BankNifty for you. Tomorrow: Post today's reversal, the entry point was at 36865 and has crossed two PRZs. We are now at a brink and waiting for 37340 to be breached, if it does, expect a ~200 point move. However, if it does not, we may see a range between 37400 - 36900 So; Long side view: Buy above 37340 Target 1 - 37445 Above this TSL Target 2 zone 37560 - 37610 (Long SL - 150 points below entry) --------------- Short side view: Sell below 36865 Target 1 - 36670 Below this TSL Target 2 - 36525 (Short SL - 150 points above entry) *** 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 02-09-2021Good evening all, Like I said last evening, VOLATILITY is the flavour of the month and we witnessed it today..... Again. 320 points up in around 50 mins and down 250 points in 120 mins. But this is good for us as we get to use the momentum to achieve our targets faster and if you trade options, we keep theta out of the play. For tomorrow, we may see some correction from the current level up to 36250. That's the range it maintained for a while to form a small base on the 30th and 31st. So; Long side view: Buy above 36820 Target 1 zone 36900 - 36950 Above this TSL Target 2 37000 (if it sustains above this we see huge jump) (Long SL - 36665) --------------- Short side view: Sell below 36480 Target 1 zone 36400 - 36350 Below this TSL Target 2 36305 (Short SL - 36570) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
BankNifty Intraday view for 31-08-2021Good evening all, What a run we had today. All our targets over the last 3-4 sessions met and 36320 broken. Do we see a new high? May be...... Let's see. It is at a point where it may reverse from the PRZ or move up. So; Long side view: Buy above 36475 Target 1 zone 36620 - 36635 Target 2 - 36840 Above this TSL (Long SL - 36350) --------------- Short side view: Sell below 35910 Target 1 - 35795 Target 2 - 35695 Target 3 - 35595 (Short SL - 36050) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
BankNifty Intraday view for 30-08-2021Good evening all, Tomorrow, we still see a range between 35500 and 35800. Other than that nothing. This has been over the past 3 trading sessions. We be excited when it breaks this. Till then; Long side view: Buy above 35800 Target 1 - 35900 (Long SL - 35650) --------------- Short side view: Sell below 35495 Target 1 zone 35410 - 35360 (Short SL - 35650) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
BankNifty Intraday view for 27-08-2021Good evening all, Today we did scrape the barrel but did make 100 points on the long side. And if you look at the chart, tomorrow will be similar. A range between 25500 and 35800. But despair not, this is just the calm before the September storm. Then, we will have the index move the way like it...... Volatile. So: Long side view: Buy above 35800 Target 1 - 35900 Target 2 - 36000 (Long SL - 35650) --------------- Short side view: Sell below 35495 Target 1 - 35405 Target 2 - 35305 (Short SL - 35650) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
1
BankNifty Intraday view for 26-08-2021Good evening all, Like I suggested yesterday, resistance in the form of a range between 35500 - 35900 was maintained by sellers to earn their bread. Tomorrow may not be different and we may have to resort to scraping the barrel. So: Long side view: Buy above 35665 Target 1 zone 35765 - 35810 Target 2 - 35905 (Long SL - 100 points) --------------- Short side view: Sell below 35500 Target 1 - 35435 Target 2 zone 35335 - 35305 Target 3 - 35240 (Short SL - 100 points) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
BankNifty Intraday view for 25-08-2021Good evening all, At 35795, we almost did manage 2 targets today and a total upside of ~370 points. Profitable day at the office. For tomorrow, I am still optimistic about being long but will do so with care. Sellers has a bad day today and will fight back tomorrow. So expect resistance in the form of a range between 35400 - 35800. So: Long side view: Buy above 35805 Target 1 zone 35930 - 36100 (yes, we need to trail our SL here) (Long SL - 35675) --------------- Short side view: Sell below 35430 Target 1 zone 35300 - 35245 Target 2 zone 35100 - 35070 Target 3 - trail your SL (Short SL - 100 points) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
2
BankNifty Intraday view for 24-08-2021Good morning all, Yesterday our long view was nullified by the huge gap up opening. However, we did find a short move to reach the first target. For today, the market will possibly be in a range of 400 points between 34800 and 35400. If we do get a long move, it will really be some good money. So: Long side view: Buy above 35430 Target 1 - 35610 Target 2 - 35810 Target 3 zone 35970 - 36000 Target 4 - 36100 (Long SL - 35240) --------------- Short side view: Sell below 34815 Target 1 - 34715 Target 2 zone 34585 - 34530 Target 3 - 34445 (Short SL - 34950) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra
2
BankNifty Intraday view for 23-08-2021Good morning all, On Friday, we started with meeting 2 targets after a gap down and pull back. For today, the chart suggests a long with a tricky downside. So: Long side view: Buy above 35185 Target 1 zone 35265 - 35305 Target 2 - 35350 Target 3 zone 35400 - 35430 Above this trail your SL (Long SL - 100 points) --------------- Short side view: Sell below 34925 Target 1 - 34860 Target 2 - 34800 (Short SL - 100 points) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTYLong
by ChartMantra
2
BankNifty Intraday view for 20-08-2021Good morning all, Now that we have broken 35500, let's look below..... On top, the 35300 mark is still very strong. Other than that, we will still be swaying in the zone we've been so far. So: Long side view: Buy above 36320 Target 1 - 36425 Above this trail your SL (Long SL - 36175) --------------- Short side view: Sell below 35430 Target 1 - 35340 Target 2 zone 35230 - 35180 Target 3 - 35080 (Short SL - 35535) *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., do spread the word.
NSE:BANKNIFTY
by ChartMantra