BANKNIFTY Intraday Trade Setup For 14 Sep 2023
Bullish-Above 46000
Invalid-Below 45890
T- 46250 46515
Bearish-Below 45610
Invalid- Above 45720
T- 45295 45050
BANKNIFTY has closed on a bullish note with 0.87% gain today. Buy triggered as per trade setup above 45630 and 1st target was achieved very smoothly (45630-45990). Initially sell level was tested but not...
Banknifty on the weekly expiry has given nice up move and formed a bullish engulfing candle. It almost touched 46k levels and has closed above 45900 levels.
Nifty has formed an All time high and banknifty is looking forward to hits it's new ATH.
The market formed a base around 45300 and gained up side momentum giving a 600+ point move from the day low.
On the...
Good Morning Traders,
Banknifty has witnessed a sell off after opening on higher and closed negative for the day. I think we might can see some consolidation in between 45800-45000 from short term perspective. Daily and hourly momentum indicator are providing divergence signals which could lead to a consolidation in near term.
Global market also looking mixed...
"Good morning! As of September 13th, global market sentiment is neutral, based on the Dow Jones alone. The market trend is moderately bullish, and there is a possibility that the market might open with a neutral to slightly bullish gap. Structurally, we are in a ranging market, so we could wait for a breakout from this range. If the range breaks, we will set our...
BANKNIFTY Intraday Trade Setup For 13 Sep 2023
Bullish-Above 45630
Invalid-Below 45520
T- 45915 46150
Bearish-Below 45320
Invalid-Above 45430
T- 45050 44770
BANKNIFTY has closed with a slight cut of 0.13% today. It was a roller coaster ride since opening, huge volatility. It opened directly near our 1st buy target via a big gap up. 10 o'clock range was to be...
Banknifty after a gap up opening came for a profit booking and closed 60 points lower forming a red candle on the daily charts.
On the hourly charts, it seem to consolidate after the initial sell off and has closed above both the moving averages.
Market has given a nice bullish move and are stretched enough to give a retest or consolidation. It will be sideway...
NSE:BANKNIFTY BANK NIFTY oused down from previously strong sell zone , can expect to break todays day low and give further more down target till 45000,
follow the movement with how price reacts to respective buy/sell zones.
"Good morning! As of September 12th, There is no significant difference between the last session. Global market sentiment is positive, based on the Dow Jones alone. The market trend is bullish, and there is a possibility that the market might open with a gap-up. If the gap-up sustains, we can expect the rally to continue with minor corrections. On the other hand,...
The FASP for BankNifty is listed for 12-09-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
BANKNIFTY Intraday Trade Setup For 12 Sep 2023
Bullish-Above 45640
Invalid-Below 45530
T- 45900 46150
Bearish- Below 45360
Invalid-Above 45470
T- 45050 44770
BANKNIFTY has closed on a bullish note with almost 1% gain today. Buy triggered as per trade setup above 45390 and 1st target was achieved (45390-45560). However the momentum was a bit lethargic. Daily...
BankNifty Analysis
Banknifty had a long call for today even though the I-CRR news would have impacted it more than Nifty50. One of the reasons is the distance left to ATH vs Nifty50. BankNifty had more distance to cover the ATH and for this reason I had the continuation of bullish stance from Friday.
The strength in BankNifty was obvious when NiftyIT started...
Nifty has formed a new ATH high and banknifty is around its ATH.
There can be a halt in the market has it has given a nice one side move and has travelled from 44400 to 45500 without a retest.
It has given a nice bullish candle and giving close 414 points higher.
On the hourly charts, it has showed a bullish movement and it trading way far from the moving...
The FASP for BankNifty is listed for 11-09-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
"Good morning! As of September 11th, global market sentiment is slightly positive, based on the Dow Jones alone. The market trend is bullish, and there is a possibility that the market might open with a slight gap-up. If the gap-up sustains, we can expect the rally to continue with minor corrections. On the other hand, if the gap-up doesn't hold, we can anticipate...
Banknifty has moved higher by 720 points this week, closing above the round number figure of 45k.
Market remained bullish this week owing to the ongoing G-20 summit. On friday, banknifty closed at 45156 gaining 278 points.
It has taken a good support from the weekly 20 ema and consolidated around in for 3 weeks and has given a break out.
On daily charts,...
BANKNIFTY Intraday Trade Setup For 11 Sep 2023
Bullish-Above 45390
Invalid-Below 45280
T- 45645 45900
Bearish-Below 45030
Invalid-Above 45140
T- 44770 44497
BANKNIFTY has closed on a bullish note last week and day with 1.62% and 0.62% gain respectively. It gave a breakout of the daily range (45k and 44k) in the upper side. We can expect continuation above 45400...
Banknifty was also continuing from the momentum it got from the last hours of 6th Sep. We had an intraday rally of 563pts ~ 1.26% to hit a new swing high of 45383. Again the bulk of the contribution came from HDFCBK.
The candles at 14.30 & 14.35 took out some steam or else the 45400 levels may have been breached today. Those 2 candles are the reason why I am a...
Banknifty has given a nice marubozu candle on the daily charts and there is a bullish mat hold pattern.
It broke the resistance zone of 44650 levels and has travelled to touch the resistance of 44900. Banknifty has given a nice up ward move from the first hour after retesting 44350 levels.
On the hourly charts, there is a bullish moving averages cross over and...
