BankNifty Expiry Trade Setup | 5th MayBankNifty opened with a gap-up around 36288 and after making a day high in the first 15 mins at 36309 we saw selling towards 35750 zones which provided some cushion but the RBI rate hike news triggered a fresh fall and broke important support of 35500.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36400 PE at 340 which we booked at 315 with 25 points loss
> Bought BankNifty 36100 CE at 340, it went above our 1st Target of 370 and Traders booked profit
> Bought BankNifty 36400 PE at 330, it went above our Last Target of 410 and Traders booked profit
> Bought BankNifty 35800 CE at 310, it went above our Last Target of 410 and Traders booked profit
Overall, it was a wonderful day for BankNifty option buyers.
Tomorrow if BankNifty breaks 35150 on the downside, we expect a further down-move.
Expectations for Tomorrow: Range-bound day, Volatality after 2:15 PM.
Intraday Levels:
Buy Above 35520
Sell Below 35150
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bankniftyintraday
Simple Trade Setup | BANKNIFTY | 06-05-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 06-05-2022
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-06/05/2022-LevelsHello Traders,
+++++++++++
#BankNifty-06/05/2022-Levels
---------------------------------------
If Market Opens as a-
GAP-UP: Support of PWL (BUY) – Rejection of IMP (SELL)
FLAT: Support of PWL (BUY) – Rejection of PDL (SELL)
GAP-DOWN: Support of S@1 (BUY) – Rejection of S@1 (SELL)
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
M_S -> Major Support
S_H -> Swing-High
S_L -> Swing-Low
D_T -> Double Top
D_B -> Double Bottom
T_T -> Triple Top
T_B -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
BankNifty Intraday Trade Setup | 4th MayBankNifty opened with a gap-down around 35682 and formed low in the first candle at 35618 which acted as support and we saw a great bounce towards 36060. BankNifty was trading in the range 36060 - 35850 which was broken on the upside in last hour as expected.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 35800 PE at 320 which we booked at 310 with 10 points loss
> Bought BankNifty 36000 CE at 360, it went near to our 3rd Target of 430 and Traders booked profit
> Bought BankNifty 36000 PE at 335, it went above our Last Target of 420 and Traders booked profit
> Bought BankNifty 35900 CE at 340, it went above our Last Target of 440 and Traders booked profit
Overall BankNifty Option buyers booked a great profit on a range-bound day.
Tomorrow if BankNifty breaks 36300 on the upside, we expect a further up-move.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 36300
Sell Below 35980
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
#BankNifty-04/05/2022-#ReportHello Traders,
+++++++++++
#BankNifty-04/05/2022-#Report
-------------------------------------------
Opened as a Gap-Up, above PDH. Market was broken PDH, PWC, IMP, PWO, PDL, PWL and S@1-Zones then went to S@2-Zone and reversed.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
_______________________________________________
Please Hit a LIKE, and do SHARE with your trading friends.
BankNifty Intraday Trade Setup | 2nd MayBankNifty opened with a gap-up around 36500, after some consolidation it went high towards 36700 which acted as profit booking zone and we saw 700 points sharp fall.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36600 CE at 350, it went above our 1st Target of 400 and Traders booked profit
> Bought BankNifty 36600 CE again at 320, it went above our 1st Target of 370 and Traders booked profit
> Bought BankNifty 36600 PE at 410, it went above our 1st Target of 450 and Traders booked profit
> Bought BankNifty 36700 CE at 360 which we booked with 10 points loss at 350
> Bought BankNifty 36200 CE at 490 which we booked with 40 points loss at 450
Overall BankNifty Option buyers booked a small profit on a highly volatile day.
Tomorrow if BankNifty breaks 35900 on the downside, we expect a further down move.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 36140
Sell Below 35900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 02-05-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 02-05-2022
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 Intraday Trade Setup | 29th AprilBankNifty opened with a gap-up around 36240, we saw some selling in the morning Banknifty made a low in 35950 zones and we saw a great bounce from lower levels. BankNifty gave a trending move for more than 500 points from the day low.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36500 PE at 350, it went above our Last Target of 450 and Traders booked profit
> Bought BankNifty 35800 CE at 300 which we booked at 335 with a small profit
> Bought BankNifty 36400 PE at 370 which we booked with a 10 points loss
> Bought BankNifty 35800 CE again at 340 which we booked with 20 points profit
> Bought BankNifty 36400 PE at 285 which we booked with a 35 points loss
> Bought BankNifty 36000 CE again at 275, it went above our Last Target of 365 and Traders booked profit
> Bought BankNifty 36000 CE again at 340, it went above our Last Target of 440 and Traders booked profit
Overall BankNifty Option buyers booked profit after small losses.
Tomorrow if BankNifty breaks 36520 on the upside, we can expect a follow-up upmove.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 36520
Sell Below 36300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
#BankNifty-29/04/2022-#ReportHello Traders,
+++++++++++
#BankNifty-29/04/2022-#Report
-------------------------------------------
Opened as a Gap-Up, above PDH. Market went to R@2-Zone and reversed.
Finally closed above PWC.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
_______________________________________________
Please Hit a LIKE, and do SHARE with your trading friends.
BankNifty-29/04/2022-LevelsHello Traders,
+++++++++++
#BankNifty-29/04/2022-Levels
---------------------------------------
If Market Opens as a-
GAP-UP: Support of R@1 (BUY) – Rejection of PDH (SELL)
FLAT: Support of PDH (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of IMP (BUY) – Rejection of IMP (SELL)
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
M_S -> Major Support
S_H -> Swing-High
S_L -> Swing-Low
D_T -> Double Top
D_B -> Double Bottom
T_T -> Triple Top
T_B -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
Simple Trade Setup | BANKNIFTY | 29-04-2022 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1day time frame, we can see a short term resistance trendline.
Please refer below chart : 1day time frame.
2) On 15min time, we can see resistance channel.
Please refer below chart : 15min time frame.
-------------------------------------
Trade Setup for 29-04-2022
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-28/04/2022-#ReportHello Traders,
+++++++++++
#BankNifty-28/04/2022-#Report
-------------------------------------------
Opened as a Gap-Up, above our PDH. Market took the support at IMP-Zone and reversed. It broken PWC-Level, PDH and R@1-Zone then went R@2-Zone.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
_______________________________________________
Please Hit a LIKE, and do SHARE with your trading friends.
BankNifty Expiry Trade Setup | 28th AprilBankNifty opened with a gap-down due to weak global cues around 36077 and after making a high near 36180 we saw a fall towards 36760 zones that acted as support for the day and BankNifty was able to close above 36000.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36000 CE at 300 which we booked at 285 with 15 points loss
> Bought BankNifty 36200 PE at 360, it went above our Last Target of 415 and Traders booked profit
We took only 2 Trades today and BankNifty Option buyers made a small profit.
Tomorrow if BankNifty breaks 36120 on the upside, we can expect a follow-up upmove.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:10 PM.
Intraday Levels:
Buy Above 36120
Sell Below 35900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 27th AprilBankNifty opened with a gap-up around 36530 and after making a low near 36600 we saw a range-bound movement throughout the day from 36600 - 36300.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36600 PE at 330 which we booked at 320 with 10 points loss
> Bought BankNifty 36600 PE again at 330 which we booked at 350 with 20 points profit
> Bought BankNifty 36600 PE again at 350, it made a high above our last Target 360 and Traders booked profit
> Bought BankNifty 36600 PE again at 350, it made a high above our last Target of 445 and Traders booked profit though we asked safe Traders to exit at cost because of the slow movement
Overall BankNifty Option buyers made a profit on a range-bound day.
Tomorrow if BankNifty breaks 36600 on the upside, we can expect a follow-up upmove.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36600
Sell Below 36250
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
#BankNifty-27/04/2022-#ReportHello Traders,
+++++++++++
#BankNifty-27/04/2022-#Report
---------------------------------------
Opened as a Gap-Down, above our PWC-Level. Market went to S@1-Zone and reversed.
It broken PWC, PWL-Levels then went to S@2-Zone and bounce back to above PWC-Level.
Finally closed above PWO.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
_______________________________________________
Please Hit a LIKE, and do SHARE with your trading friends.
#BankNifty-28/04/2022-LevelsHello Traders,
+++++++++++
#BankNifty-28/04/2022-Levels
---------------------------------------
If Market Opens as a-
GAP-UP: Support of PDH (BUY) – Rejection of PDH (SELL)
FLAT: Support of IMP (BUY) – Rejection of PDL (SELL)
GAP-DOWN: Support of PDL (BUY) – Rejection of PDL (SELL)
_______________________
Happy Learning and Trading
Rules to fallow...
1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends.
SHORT FORM &FULL FORM
-------------------------------
PDH-> Previous Day High
PDL-> Previous Day Low
PWH-> Previous Week High
PWO-> Previous Week Open
PWC-> Previous Week Close
PWL-> Previous Week Low
IMP -> Important
R@1, R@2,R@3... ->Resistance-Zones
S@1, S@2,S@3... ->Support-Zones
M_S -> Major Support
S_H -> Swing-High
S_L -> Swing-Low
D_T -> Double Top
D_B -> Double Bottom
T_T -> Triple Top
T_B -> Triple Bottom
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
GAP -> The area b/w Previous Day Close and Today Open
Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
BankNifty Intraday Trade Setup | 26th AprilBankNifty opened with a big gap-down around 35803 and after making a low near 35510 we saw a great bounce towards 36250 which acted as resistance for the day. BankNifty was trading in 350 points range 36250 - 35900.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 35800 CE at 340, it made a high above our Last Target of 440 and Traders booked profit
> Bought BankNifty 35700 PE at 340, it made a high above 360 but we booked it at a cost due to slow movement
> Bought BankNifty 35900 PE at 300, it made a high above our 1st Target of 340 and Traders booked profit
> Bought BankNifty 35900 PE again at 360, it made a high above our 2nd Target of 410 and Traders booked profit
Overall BankNifty Option buyers made a good profit on a range-bound day.
Tomorrow if BankNifty breaks 36250 on the upside, we can expect a short-covering move.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 36250
Sell Below 35880
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
bank nifty tomorrow trade planAll the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
#BankNifty-26/04/2022-#ReportHello Traders,
+++++++++++
#BankNifty-26/04/2022-#Report
---------------------------------------
Opened as a Gap-Up, above our R@2-Zone. Market went to R@3-Zone and reversed. It broken R@2-Zone and took the support at PDH.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in comment section.
_______________________________________________
Please Hit a LIKE, and do SHARE with your trading friends.
BankNifty Intraday Trade Setup | 25th AprilBankNifty opened with a gap-down around 36580 and after making a low near 36250 which was a support zone we saw a bounce towards 36450 zones but BankNifty couldn't sustain at upper levels and made a new low at 35991.
Trades we took on Expiry day, 13th April-
> Bought BankNifty 36500 PE at 380, it made a high above our Last Target of 480 and Traders booked profit
> Bought BankNifty 36400 PE at 400, it made a high above our 2nd Target of 455 and Traders booked profit
> Bought BankNifty 36500 CE at 350 which we booked at 335 with 15 points loss
Overall it was a range-bound day and BankNifty Option buyers made some profit.
Tomorrow if BankNifty breaks 35900 on the downside, we can expect a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36250
Sell Below 35900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team