NSE:BANKNIFTY
Observations:
1) On 1hr time frame, we can see that now it has come down to the middle trendline of major parallel range in which it was trading earlier.
My personal view is that it may come down till 37500 and from that it can take good support from it.
If not then on breakout of middle trendline of parallel channel it will bounce back.
But...
Good evening all,
Today: After a long wait and almost having given up, out 'short' entry arrived and gave around 130 points. Lack of time prevented it from us achieving our fist target. Which also means, we may expect a gap down to around 38115 tomorrow morning. Another good thing in today's move was the structure it built for us take a 'long' entry tomorrow if...
NSE:BANKNIFTY
Observations:
1) On daily time frame,it closed just below 50DMA and also closed below 38500.
50DMA is placed at 38382.61 level.
And closed just above 38300 level.
Major support is at 38000 level and immediate resistance is now at 38500 and major resistance is at 38800 level.
Please refer below chart : 1 day Time Frame.
2) On 15min time...
BankNifty opened with Gap-up above our Buy Level of 38830 and made a high around 39100 in the first 15 mins which also acted as resistance and BankNifty lost all the gains.
Trades we took today -
> Bought BankNifty 39000 PE at 240 which made a high above 340 in just 10-15 mins and Traders booked great profit in this Trade
> Bought BankNifty 38900 CE at 280 which...
>Market will be in range until Resistance 38900 or Support 38350 breaks.
>We can expect an up move up to 39550 once Resistance 38900 breaks.
>Market Will fall up to 37650 levels when Support 38350 Breaks.
>Support will Become Resistance and Resistance will become Support once the level Breaks.
*Always Enter With good confirmation & Maintain proper Risk...
Good evening all,
Yesterday: Stuck between the range we had marked and importantly did 3 things; 1) failed to break down on the multi day resistance line 2) stayed above 38500 and 3) respected the new dynamic support line. Providing us optimism for today
Today: The 'long' story now some bit encouraging. Above 39200 though. And the short story stays as from...
BankNifty opened with Gap-up near our Buy level of 38700 which was also a resistance zone and we saw some selling in the morning but after it created a bottom around 10:30 and showed a great recovery.
Trades we took today -
> Bought BankNifty 38700 PE at 350 which made a high around 475 and Traders booked great profit in this Trade
> Bought BankNifty 38900 CE at...
NSE:BANKNIFTY
After gap up opening it went down and was sideways.
Our trade setup and levels remains most of the same.
Observations:
1) On 15 min time frame, It traded mostly under the resistance parallel channel. It opened above this channel and went back inside it. But good thing is that it didn't breakdown below it.
Also it took support from 38600...
Good evening all,
Friday: I had asked for us to be patient and the index tested that. Nothin to rave about and NO entry.
Tomorrow: The 'long' story again is very grim and nothing changes till 39500 is breached. With the multiday dynamic resistance line been broken out and a double bottom at ~ 38500, we may see an upward move. But nothing till 39560. On the...
BankNifty opened with Gap-down and we saw BankNifty keep making lower lows but we got some good bounce as well during the day.
Trades we took today -
> Bought BankNifty 38700 CE at 190 which made a high around 250 and Traders booked good profit in this Trade
> Bought BankNifty 38600 CE at 240 which we booked with 40 points loss
> Bought BankNifty 38500 CE at...
NSE:BANKNIFTY
Observations:
1) On daily time frame, it is still holding it above 50DMA and also 38500 level range. Which is a good sign.
38500 is immediate critical support level.
Please refer below chart : 1 day Time Frame.
2) On 15 min time frame, it is facing resistance from falling parallel channel. sustainable breakout of it will give good upmove....
Good evening all,
Today: It did move and which it did want to. 350 points from our short entry levels. But that's not it. If it sustains, it will move further down. Patience is the key tomorrow.
Tomorrow: The 'long' story is very grim and nothing changes till 39500 is breached. I haven't marked levels (they stay as from yesterday) on the chart as I wanted to...
NSE:BANKNIFTY
Observations:
1) On daily time frame, if we put FIB retracement then we can see that it stayed between 50% and 61.80% level of FIB RETRACEMENT.
Please refer below chart : 1 day Time Frame.
2) On 1hr time frame we can see that it is just above the upper trendline of parallel channel.
Please refer below chart : 1 hr Time Frame.
3) On...
Good evening all,
Today: After a wildish drop of 300 points, the index formed a base at around 39000 setting us up nicely for an either side move. The imperative words here are 'set us up'. Be careful, very careful. Two days of sideways hang-fire will give in at tomorrow's expiry.
Tomorrow: So, it is going to be tricky. Volatile moves on either side are most...
BankNifty opened flat and remained in a Range the whole day as per the analysis. Both CE and PE went down due to choppy movement as there was no follow-up trend even on 5 mins Time-Frame.
Trades we took today -
> Bought BankNifty 39500 CE at 300 which we booked with 30 points loss
> Bought BankNifty 39500 CE again at 270 which we also booked with 40 points...
BankNifty opened with Gap-up near our Sell level, we saw a free fall once BankNifty broke 39200 and BankNifty took support in the 38900 zones.
Trades we took today -
> Bought BankNifty 39200 CE at 190 which we booked with 20 points profit
> Bought BankNifty 39200 PE at 330 which made a high around 450 but only a few Traders could take this trade as the move was...
Good evening all,
Today: Like I said last evening.... It will bore us and it did. Respecting the resistance line for a very long time, only to peak out on the last candle in the 30M time frame.
Tomorrow: With RSI still at around 50, and range not broken on either side, the chart is CTRL+C, CTRL+V from yesterday. A minor adjustment to the short target 1...
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![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 16-11-2021 [ INTRADAY]](https://s3.tradingview.com/c/cNLU2cQb_mid.png "Simple Trade Setup | BANKNIFTY | 16-11-2021 [ INTRADAY]")
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 15-11-2021 [ INTRADAY]](https://s3.tradingview.com/s/SgOeu0Us_mid.png "Simple Trade Setup | BANKNIFTY | 15-11-2021 [ INTRADAY]")
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 11-10-2021 [ INTRADAY]](https://s3.tradingview.com/l/LRqlwYnw_mid.png "Simple Trade Setup | BANKNIFTY | 11-10-2021 [ INTRADAY]")
