Hello Traders,
#banknifty-23/02/2022-#report
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Opened as a Gap-Up, above our PDH. Market was broken PDH and R@1-Zone then went to IMP-Zone and reversed. Finally closed at above IMP-Zone.
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Please Hit a...
37800 will act as a major resistance for tomorrow. On the downside, 37000 will act as a strong support. The DAILY TRENDLINE is acting as a support that should be sustained in order for Bank Nifty to be in the neutral to bullish territory. If it breaks the 1H TRENDLINE, then a major conformation can be anticipated that it will be bullish when it goes above 37800 zone.
Hello Traders,
#banknifty-23/02/2022-#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 IMP (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of S@1 (BUY) – Rejection of S@2 (SELL)
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Happy Learning and Trading.
Rules to...
BankNifty opened with a minor Gap-down below 37500 and made a low in the morning at 37156. BankNifty showed good 900 points upmove from lower levels but again faced rejection at 38050 zones.
Trades we took today -
> Bought BankNifty 37400 PE at 450, it went to our Last Target 560 and Traders booked great profit
> Bought BankNifty 37200 PE at 460 which we booked...
Hello Traders,
#banknifty-22/02/2022-#levels
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If Market Opens as a-
GAP-UP: Support of R@2 (BUY) – Rejection of R@1 (SELL)
FLAT: Support of R@1 (BUY) – Rejection of S@1 (SELL)
GAP-DOWN: Support of S@1 (BUY) – Rejection of S@2 (SELL)
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Rules to fallow......
BankNifty opened with a minor Gap-up but we saw selling in the morning and made low near 37300 zones. BankNifty showed a good recovery from lower levels for 500 points and we again saw the rejection in the last hours.
Trades we took today -
> Bought BankNifty 37200 PE at 510 which we booked with 60 points loss
> Bought BankNifty 37100 PE at 450 which we booked...
NSE:BANKNIFTY
Observations:
1) On 1day time frame, it faces resistance from 100DMA range.
100DMA is placed at 37765.95 level.
Also, it has been giving closing in the resistance channel since last few days.
Please refer below chart : 1day Time Frame.
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Trade Setup for 21-02-2022
1) Don't Jump in to trade at the...
BankNifty opened with a minor Gap-up and faced resistance at 38150 zones. We saw good selling in the morning and BankNifty came down near to 37500 zones. We saw a good recovery of more than 400 points from lower levels but it again faced rejection and closed near day low.
Trades we took today -
> Bought BankNifty 38400 PE at 420 which we booked with 60 points...
Hello Traders,
BANK NIFTY-18/02/2022-REPORT
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Opened as a Gap-Down, below our PDL. Market was took the support at PDL. It broken IMP-Zone then went near to R@1 and reversed. Finally closed below IMP-Zone.
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Hello Traders,
BANK NIFTY-18/02/2022-LEVELS
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If Market Opens as a-
GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL)
FLAT: Support of IMP (BUY) – Rejection of PDL (SELL)
GAP-DOWN: Support of PDL (BUY) – Rejection of PDL (SELL)
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Happy Learning and Trading.
Rules to...
Hello Traders,
BANK NIFTY-17/02/2022-REPORT
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Opened as a Gap-Up, at our IMP-Zones. Market was broken PDL and took the support at S@1 then went to 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...
Hello Traders,
BANK NIFTY-17/02/2022-LEVELS
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If Market Opens as a-
GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL)
FLAT: Support of IMP (BUY) – Rejection of PDL (SELL)
GAP-DOWN: Support of PDL (BUY) – Rejection of PDL (SELL)
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Happy Learning and Trading.
Rules to...
Today was a roller coaster ride, BankNifty opened with a Gap-up above 38400 and we saw selling in the morning towards 37760 zones. BankNifty showed great recovery from lower level for approx. 700 points but we again saw the rejection and saw 600 points fall.
Trades we took today -
> Bought BankNifty 38100 CE at 390 which we booked with 40 points loss
> Bought...
BANK NIFTY@16/02/2022-REPORT
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Opened as a Gap-Up, between our PDH and R@1-Zones. Market was broken PDH and S@1 then went to IMP-Zone and reversed. again it went to R@1 and rejected. Finally closed above IMP-Zone.
I hope you all like my analysis. Follow me to get regular updates.
Please do share your thoughts in...
NSE:BANKNIFTY
Observations:
1) On 1day time frame, we can see that it closed just below the upper trendline of the resistance channel.
If it sustain above it and takes support from this upper trendline then we can see upmove to continue.
Please refer below chart : 1day Time Frame.
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Trade Setup for 16-02-2022
1)...
BankNifty opened with a Gap-up and we saw rejection in the morning from the 37170 zones. Today was a volatile day, BankNifty broke yesterday low and then gave a sharp recovery of 1500 points.
Trades we took today -
> Bought BankNifty 37000 PE at 360, it went above our Last Target 465 and Traders booked great profit in this Trade
> Bought BankNifty 36900 PE at...
BankNifty opened with a big Gap-down below the yellow support trend line due to Global cues, and we saw further falling towards the 37220 zone which acted as support but BankNifty broke this around 2:00 and closed near day low.
Trades we took today -
> Bought BankNifty 37400 CE at 460, it went above our 2nd Target 540 and Traders booked profit in this Trade
>...
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 21-02-2022 [INTRADAY]](https://s3.tradingview.com/z/ZhCDTW21_mid.png "Simple Trade Setup | BANKNIFTY | 21-02-2022 [INTRADAY]")
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 16-02-2022 [INTRADAY]](https://s3.tradingview.com/i/I29fXUYG_mid.png "Simple Trade Setup | BANKNIFTY | 16-02-2022 [INTRADAY]")
