[INTRADAY] #BANKNIFTY PE & CE Levels(24/03/2022)Today will be slightly gap down opening expected in banknifty. After opening if banknifty starts trading below 35950 level then expected further downside of 400-500+ points. Upside rally of 400+ points possible in case it is sustain above 36050 level and this can be extend for further 400-500+ points if banknifty starts trading above 36550 level.
Bankniftyintraday
Bank Nifty Level Upadate for Trading | END OF DAY CHART ANALYSISbankNifty Level Upadate for Trading | END OF DAY CHART ANALYSIS
Daily bankNifty Levels | End of day bankNifty Support & resistance India 2022
Buy Call if sustain above 36107 stoploss -36045 ( if Closing in 15 candle ) target as per chart
Buy put If nifty below 36045 stoploss - 36107 ( if Closing in 15 candle ) target as per chart
Dont trade before 9:30 ,
make Position Sizing
This information is for educational purposes only
To Lear more - Search In Google - trading with Manoj Shinde 27485
BankNifty Intraday Trade Setup | 23rd MarchBankNifty opened flat at 36012, saw selling since open and slowly BankNifty made low around 35400 which acted as support zone and we saw a great recovery towards 36400 zones in the second half as per our analysis.
Trades we took today -
> Bought BankNifty 35700 PE at 380, it went above to our Last Target 490 and Traders booked great profit
> Bought BankNifty 35500 PE at 370, it went above to our Last Target 455 and Traders booked profit
> Bought BankNifty 35900 CE at 290, it went above to our 3rd Target 355 and Traders booked profit
> Bought BankNifty 35700 CE at 340, it went above to our Last Target 450 and Traders booked great profit
> Bought BankNifty 36200 CE at 420, it went above to our Last Target 510 and Traders booked great profit
Overall, wonderful day and BankNifty Option Buyers booked insane profit.
Tomorrow if BankNifty sustains above 36450, we may see a fast up move but 36600-36650 is a resistance zone so be cautious.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36450
Sell Below 36170
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Banknifty-23/03/2022-LevelsHello Traders,
Banknifty-23/03/2022-Levels
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If Market Opens as a-
GAP-UP: Support of R@1 (BUY) – Rejection of R@1 (SELL)
FLAT: Support of PDH (BUY) – Rejection of PDH (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
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 | 23-03-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 23-03-2022
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 Intraday Trade Setup | 22nd MarchBankNifty opened with a small gap-up at 36573, faced sharp rejection in the 36600 zones and we saw continuous selling in the morning session.
Trades we took today -
> Bought BankNifty 36200 PE at 420, it went above to our Last Target 530 and Traders booked profit
> Bought BankNifty 36800 CE at 290 which we booked with 15 points loss
> Bought BankNifty 36000 PE at 440 and added more at 390 which we booked around cost due to slow movement
> Bought BankNifty 36600 CE at 335 which we booked with 40 points loss
> Bought BankNifty 36300 CE at 375, it went above to our 2nd Target 440 and Traders booked profit
Overall, BankNifty Option Buyers booked small profit.
Tomorrow if BankNifty sustain below 35900, we may see a fast down move.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 36200
Sell Below 35900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
#Banknifty-22/03/2022-#ReportHello Traders,
#Banknifty-22/03/2022-#Report
------------------------------------------
Opened as a Gap-Down, between our IMP and PDL. Market was broken S@1 and S@2-Zones then went near to S@3-Zone and reversed. Finally closed above 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, it motivates me to do analysis and do SHARE with your trading friends.
Simple Trade Setup | BANKNIFTY | 22-03-2022 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 15min time frame, we can see a temporary short term channel.
And it already closed & traded below it in closing hour.
This channel will now work as resistance if it will be trading below it.
Also we can make a very short term resistance trendline from today's price action.
Please refer below chart : 15min Time Frame.
-------------------------------------
Trade Setup for 22-03-2022
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 Intraday Trade Setup | 21st MarchBankNifty opened with a gap-up at 36316 and after making a low around 36260 in first 15 mins BankNifty went towards 36600 zones but it was trading in a small range with low volume so nothing much for Option Buyers.
Trades we took today -
> Bought BankNifty 36200 PE at 190 which we booked with 5 points loss
> Bought BankNifty 36400 CE at 200, and added more at 170 which went above to our Last Target 260 and Traders booked profit
> Bought BankNifty 36200 PE 24th Mar at 450, it went above to our 1st Target 510 and Traders booked profit
> Bought BankNifty 36400 PE Expiry Tare at 100, it went above to our 140 and Traders booked profit
Overall, it was a range-bound day but BankNifty Option Buyers booked some profit.
Tomorrow if BankNifty sustain above 36620, we may see another upmove.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36620
Sell Below 36400
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
#Banknifty-21/03/2022-#ReportHello Traders,
#Banknifty-21/03/2022-#Report
------------------------------------------
Opened as a Gap-Up, below our PDH. Market was broken IMP, PDL and S@1 then went to S@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, it motivates me to do analysis and do SHARE with your trading friends.
Simple Trade Setup | BANKNIFTY | 21-03-2022 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1hr time frame, we can see the range of 36400 to 36650 is make or break. If it keep on trading above this range and sustain above it then the market sentiment will be bullish and this range should work as support.
But if it fail to sustain above it and gives breakdown of it and faces resistance from it then this range will become resistance zone.
Please refer below chart : 1hr Time Frame.
Please refer below chart : 15min Time Frame. For a channel. Which will act as support or resistance.
-------------------------------------
Trade Setup for 16-03-2022
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-16/03/2022-#ReportHello Traders,
#Banknifty-16/03/2022-#Report
------------------------------------------
Opened as a big gap up, at our R@2-Zone then went to D-T Zone. Finally Market closed above 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, it motivates me to do analysis and do SHARE with your trading friends.
BankNifty Expiry Trade Setup | 17th MarchBankNifty opened with a big gap-up at 35460 and made high around 35800 in first 30 mins which was the range for the whole day.
Trades we took today -
> Bought BankNifty 35200 PE at 260 which we booked with 40 points loss
> Bought BankNifty 35600 PE at 320, it went above to our Last Target 430 and Traders booked profit
> Bought BankNifty 35600 PE at 330, it went above to our 1st Target 380 and Traders booked profit
We also updated a sell Trade on our TradingView Idea, took the trade at 35700 and it easily gave us the target for 120 points.
Overall, it was a range-bound day but BankNifty Option Buyers booked some profit.
Tomorrow if BankNifty sustain above 35800, we may see an upmove towards 36000 which is psychological resistance.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:30 PM.
Intraday Levels:
Buy Above 35800
Sell Below 35480
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 16th MarchBankNifty opened with a gap-up around 35500 and we saw an up move towards 35643 but BankNifty couldn't sustain at higher levels and we saw sharp selling in 2nd Half.
Trades we took today -
> Bought BankNifty 35000 PE at 350, it went above to our 3rd Target 440 and Traders booked great profit
> Bought BankNifty 35600 CE at 470 which we booked with 50 points loss
> Bought BankNifty 34800 PE at 360, it went above to our 1st Target 400 and Traders booked profit
> Bought BankNifty 34800 PE at 310 which we booked with 40 points loss
> Bought BankNifty 35800 CE at 420 which we booked with 60 points loss
Overall not a good day and BankNifty Option Buyers booked loss.
Tomorrow if BankNifty sustain below 34900, we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 35200
Sell Below 34900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
#Banknifty - 15/03/2022 - #ReportHello Traders,
#Banknifty - 15/03/2022 - #Report
------------------------------------------
Opened as a Gap-Up, above our PDH. Market took the support at S@1-Zone then went to R@1-Zone and reversed. It was broken PDH, S@1, IMP, S@2-Zones and went to near PDL and reversed. Finally closed above S@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, it motivates me to do analysis and do SHARE with your trading friends.
How to trade Double Top Reversal ?This Pattern is mostly Successful when there is strong Bullish move previously to an Important Resistance zone/ Supply zone.
Once you find the price respecting the supply zone, wait for it to retest the zone to form a double top or a lower low.( in this case it formed a Double Top)
If the price failed to break the upper zone, it'll create bearish impulse.
You can enter short position once the price forms a lower high.
OR
For safe entries wait for price to break the NECKLINE with impulsive move, enter @ Retest and rejection with very small SL.
Please do refer smaller TimeFrames (3 Min) for a clear picture.
BankNifty Intraday Trade Setup | 15th MarchBankNifty opened with a small gap-up and after taking support at 34620 zones we saw a tending upmove towards 35400 zones.
Trades we took today -
> Bought BankNifty 34100 PE at 30, it went above to our 2nd Target 410 and Traders booked great profit
> Bought BankNifty 35200 CE at 390, it went above to our Last Target 500 and Traders booked great profit
> Bought BankNifty 35400 CE at 400, it went above to our Last Target 510 and Traders booked great profit
> Bought BankNifty 34500 PE at 380 which we booked with 40 points loss
Overall a great day and BankNifty Option Buyers made a profit.
Tomorrow if BankNifty sustain above 35400, we may see another upmove.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 35400
Sell Below 35000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
#Banknifty-14/03/2022-#ReportHello Traders,
#Banknifty-14/03/2022-#Report
------------------------------------------
Opened as a Gap-Up, above our R@1-Zone. Market took the support at R@1-Zone. It was broken PDH, R@2 and R@3 then went to D_T-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, it motivates me to do analysis and do SHARE with your trading friends.
Simple Trade Setup | BANK NIFTY | 15-03-2022 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 15min chart, we can see temporary support channel.
Breakdown of it can lead it to test 35000 / 34900 support level.
Please refer below chart : 15min Time Frame.
-------------------------------------
Trade Setup for 15-03-2022
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-14/03/2022-#LevelsHello Traders,
Banknifty-14/03/2022-Levels
----------------------------------------
If Market Opens as a-
GAP-UP: Support of R@1 (BUY) – Rejection of PDH (SELL)
FLAT: Support of R@1 (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of IMP (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
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 | 14-03-2022 [INTRADAY]NSE:BANKNIFTY
Most of the trade setup will be same as per previous one. 35000 is major resistance. Above this it will be more bullish.
Trade Setup for 14-03-2022
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 Intraday Trade Setup | 14th MarchBankNifty opened with a small gap-down and formed the day low in the first 5 mins at 34094. We saw a good upmove in the first 60 mins towards 34880 and then it was trading in the range for the whole day.
Trades we took today -
> Bought BankNifty 34900 CE at 390, it went above to our Last Target 500 and Traders booked great profit
> Bought BankNifty 35200 PE at 420, it went above to our Last Target 530 and Traders booked great profit
> Bought BankNifty 33800 PE at 440 which we booked with 40 points loss
> Bought BankNifty 35200 CE at 400, it went above to our First Target 460 and Traders booked profit
> Bought BankNifty 33800 CE at 380, it went above to our Last Target 480 and Traders booked great profit
Overall a great day and BankNifty Option Buyers made a wonderful profit.
Tomorrow if BankNifty sustain below 34350, we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 34600
Sell Below 34200
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team