NSE:BANKNIFTY Trade Setup for 08-03-2022 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...
Hello Traders, #Banknifty-07/03/2022-#Report ------------------------------------------ Opened as a Big Gap-Down, below our S@6-Zone. Market was broken S@7, S@8 and S@9-Zones then went to S@10-Zone and reversed. Market was took the support at S@10-Zone and broken S@9 and S@8-Zones then went to S@7-Zone. Finally closed below S@7-Zone. I hope you all like my...
BankNifty opened with a gap-down around 34600 zones and we saw selling from open which bought BankNifty to 34094 and BankNifty gave almost 1000 points bounce from that zone. Though we again saw selling after 2:00 PM and BankNifty fell more than 600 points from day high. Trades we took today - > Bought BankNifty 33900 PE at 540 which we booked with 50 points...
NSE:BANKNIFTY Observations: 1) On weekly time frame, 34000 is major critical level. sustainable breakdown of it will give intraday fall. And closing below it make it bearish to test 32800 intermediate support and 32000 major support. Please refer below chart : Weekly Time Frame. 2) On 1hr time frame, we can see rounding top pattern. Which is bearish...
Hello Traders, #Banknifty-04/03/2022-#Report ------------------------------------------ Opened as a Big Gap-Down, at our S@2-Zone. Market was broken S@3 and S@4 then went to near to S@5-Zone and reversed. Market was took the support at S@4-Zone and broken(S@3, S@2, PDL, S@1)-Zones then went near to IMP-Zone and reversed. Finally closed below S@3-Zone. I hope...
Hello Traders, Banknifty-04/03/2022-Levels ---------------------------------------- If Market Opens as a- GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL) FLAT: Support of IMP (BUY) – Rejection of S@1 (SELL) GAP-DOWN: Support of PDL (BUY) – Rejection of PDL (SELL) ------------------------------------- Happy Learning and Trading Rules to fallow... ...
NSE:BANKNIFTY Observations: 1) On 15min time frame, we can see triangle pattern. Range of 34880-34985 is support range. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for 04-03-2022 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...
BankNifty opened with a gap-up at 35683 and made high around 35800 but couldn't sustain at upper levels and we saw selling since open which took BankNifty towards 34900 zones. 34900 is strong support and BankNifty gave bounce towards 35100 a couple of times. Trades we took today - > Bought BankNifty 35600 PE at 160, it went above our Last Target 245 and Traders...
BankNifty opened with a big gap-down around 35550 due to Russia Ukraine uncertainty. We saw a follow-up selling in BankNifty and it made low at 34900 zones which was also support zones and we also saw more than 500 points short-covering move from lower levels. Trades we took today - > Bought BankNifty 35300 PE at 430, it went above our 2nd Target 500 and Traders...
BankNifty opened with a huge gap-down around 36200 as Russia invaded Ukraine, initially BanKNifty showed some bounce to tired to hold and due to fear, high selling pressure was there and BankNifty broke all the supports on the downside. Trades we took today - > Bought BankNifty 36000 CE at 250 which we booked with 40 points loss > Bought BankNifty 36200 PE at...
Hello Traders, Banknifty-02/03/2022-Levels -------------------------------------- If Market Opens as a- GAP-UP: Support of R@2 (BUY) – Rejection of R@3 (SELL) FLAT: Support of PDH (BUY) – Rejection of R@1 (SELL) GAP-DOWN: Support of IMP (BUY) – Rejection of IMP (SELL) ------------------------------------- Happy Learning and Trading. Rules to fallow... ...
NSE:BANKNIFTY Trade Setup for 02-03-2022 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...
NSE:BANKNIFTY Observations: 1) On 1day time frame, in last day session on Friday, it face resistance from 200DMA range. 200DMA is placed at 36652 level range. Safe buy only if it sustain above 36652 level range. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 28-02-2022 1) Don't Jump in to trade at...
Hello traders, Banknifty faced a strong RESISTANCE at price level 36615 on 24th and 25th february, because it is an important level in a Higher Timeframe. Previous 2 Trading sessions Banknifty can't close its price above the key level ( 36615 ). So, there is a chance that on Monday it can break that resistance. Because PCR ratio is 0.8 that means according to...
Hello Traders, #Banknifty-25/02/2022-#Report ----------------------------------------- Opened as a Big Gap-Up, below our R@4. Market was broken R@4 to R@8-Zones then went to D_T-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, it motivates me to do...
BankNifty opened with a gap-up above 37600 and faced rejection in the 37800 zones. BankNifty was trading in 200 points range which it broke in the last 30 mins. Trades we took today - > Bought BankNifty 37700 PE at 330 which we booked with 20 points loss > Bought BankNifty 38000 PE at 410, it went above our Last Target 525 and Traders booked great profit >...
Hello Traders, Banknifty-25/02/2022-Levels ---------------------------------------- If Market Opens as a- GAP-UP: Support of R@2 (BUY) – Rejection of IMP (SELL) FLAT: Support of R@1 (BUY) – Rejection of PDL (SELL) GAP-DOWN: Support of PDL(BUY) – Rejection of S@2 (SELL) ------------------------------------- Happy Learning and Trading. Rules to fallow... ...
BANKNIFTY Intraday Trade Setup For 25 Feb 2022 Buy- None Sell-Below 35000 Sl-35200 T-34500 34000 BANKNIFTY has opened and crashed due to Ukraine- Russia problem. Index opened with huge gap down. No much elaboration is needed. Market is sell on rise. Trade all the breakdowns, bear flags. No buying at all. Safe traders can avoid trading for some day.