BANK NIFTY@16/02/2022-LEVELSHello Traders,
BANK NIFTY@16/02/2022-LEVELS
-------------------------------------------
If Market Opens as a-
GAP-UP: Support of PDH (BUY) – Rejection of PDH (SELL)
FLAT: Support of PDH (BUY) – Rejection of S@1(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 Buy and 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
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
Bankniftyintradaysetpup
BANK NIFTY@15/02/2022-LEVELSHello Traders,
BANK NIFTY@15/02/2022-LEVELS
-------------------------------------------
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 S@2 (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 Buy and 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
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
BANK NIFTY@14/02/2022-LEVELSHello Traders,
BANK NIFTY@14/02/2022-LEVELS
-------------------------------------------
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 Buy and 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
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
Simple Trade Setup | BANKNIFTY | 11-02-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 11-02-2022
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.
BANK NIFTY@09/02/2022-REPORTHello Traders,
BANK NIFTY@09/02/2022-REPORT
----------------------------------------------
Opened as a Gap-Up, below our PDH. market was broken our R@1 and R@2-Zones then went to R@3-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 | 09-02-2022 [INTRADAY]NSE:BANKNIFTY
Trade setup and levels will be same as per previous one.
Trade Setup for 09-02-2022
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.
BANK NIFTY@08/02/2022-LEVELSHello Traders,
BANK NIFTY@08/02/2022-LEVELS
-----------------------------------------
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)
-------------------------------------
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 Buy and 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
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
BANK NIFTY@07/02/2022-LEVELSHello Traders,
BANK NIFTY@07/02/2022-LEVELS
-------------------------------------
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)
-------------------------------------
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 Buy and 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
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
Banknifty Intraday Levels Analysis, 7 FebHello Traders,
Strategy to follow :
1.Sell on Rise near Resistance Level if market Opens Gap Up/Near Resistance Level .
2.Buy on Dips near Support Level if market Opens Gap Down near .
Please take the trade according to the levels marked, with Stop Loss.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
BANK NIFTY@04/02/2022-REPORTHello Traders,
BANK NIFTY@04/02/2022-REPORT
------------------------------------------
Opened as a Gap-Up, Above R@1-Zone. Market was broken IMP-Zone then went to R@2 and rejected.
It took the support at S@2-Zone then went to PDL. Finally closed at S@1-Zone.
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 | 02-02-2022 [INTRADAY]NSE:BANKNIFTY
For those parallel channel please refer my previous trade setup provided in related link.
Trade Setup for 02-02-2022
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.
Simple Trade Setup | BANKNIFTY | 28-01-2022 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1 hr time frame, it finally came decisively above the resistance channel.
Please refer below chart : 1hr Time Frame.
-------------------------------------
Trade Setup for 28-01-2022
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.
Simple Trade Setup | BANKNIFTY | 27-01-2022 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1 day time frame, it closed just above 100DMA. And also it made bullish engulfing candle.
And it managed to close above 37700 level.
Please refer below chart : 1day Time Frame.
2) On 15 min time frame, it closed above the resistance channel. And also it made rounding bottom pattern and closed just above the neckline of it.
Please refer below chart : 15 min Time Frame.
-------------------------------------
Trade Setup for 27-01-2022
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 view for 25-01-2021Good morning all,
Yesterday: Our 2 short targets identified in the weekly chart were met and then we saw a pullback. In likelihood, correction will continue.
Today: With RSI at 40, we may either see the index in a range of 2500 points or a 'Short' move only below 35850. 'Long is a far way up beyond 38850. But be careful of the volatility that currently prevails.
So;
Long side view:
Buy above 38855
Target 1 - 39470
TSL above this
Target 2 zone 40000 - 40150
(Long SL - 38170)
---------------
Short side view:
Sell below 35850
Target 1 zone 35055 - 35000
TSL below this
Target 2 - 34570
Target 3 zone 34020 - 34000
(Long SL - 36430)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
BANKNIFTY Intraday Trade Setup For 25 Jan 2022BANKNIFTY Intraday Trade Setup For 25 Jan 2022
Buy-None
Sell-Below 36400
Sl-36500
T-36000 35800
BANKNIFTY as usual triggered short and fell from 37200 till 36400.It was a great day. However it was sideways and noisy till 11 o' clock. We initiated our sell positions when triangle breakdown happened at 11 o' clock.
Coming to to morrow's trade ,we may see an inside candle tomorrow. But in case we see any breakdown we will plan for sell. Actual sell is below 37400.
For buying We need to wait for a good positive closing in daily TF. However a scalp buy trade can be done above 37100 if we get closing in 15 min TF . target would be around 37260-300.
BankNifty Intraday view for 21-01-2021Good morning all,
Yesterday: Nothing new was visible but the hangover from day before made us meet our short target.
Today: We have a decent pullback of around 23% from the top met on 12th and 18th and can be just the trigger we need for a good south side move. Below 37000, the road to 34000 looks like a highway. On the 'long side' with RSI taking resisting multiple times around the 50-55 mark is potentially good news.
So;
Long side view:
Buy above 38075
Target 1 - 38220
TSL above this
Target 2 - 38370
Target 3 - 38585
(Long SL - 37940)
---------------
Short side view:
Sell below 37440
Target 1 - 37265
TSL below this
Target 2 zone 37050 - 37000
(Short SL - 37600)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Banknifty Prediction for 21 Jan, 2022Hello Traders,
Strategy to follow :
1.Sell on Rise near Resistance Level if market Opens Gap Up/Near Resistance Level 38200.
2.Buy on Dips near Support Level if market Opens Gap Down near 37700 or 37500.
Imp: 38000 Level would be more stronger in Resistance and would not be broken in one go.
Please take the trade according to the levels marked, with Stop Loss.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
Simple Trade Setup | BANKNIFTY | 21-01-2022 [INTRADAY]NSE:BANKNIFTY
Most of levels and trade setup remains same. It is still facing resistance from that channel. Breakout of this channel can give good upmove.
Trade Setup for 21-01-2022
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 view for 20-01-2021Good morning all,
Yesterday: A classic premium eating game played. Long volatile candles on both sides attracting and killing.
Today: THERE IS NOTHING. Absolutely nothing... across time frames.... Unless the chart speaks to you.... you don't plot #rule.
So;
Long side view:
NO CLARITY AS OF NOW
---------------
Short side view:
NO CLARITY AS OF NOW
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Simple Trade Setup | BANKNIFTY | 20-01-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 20-01-2022
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 view for 19-01-2021Good evening all,
Today: What a rollercoaster ride today. 650 points up and then 850 down. This also makes tomorrow's play potentially dull being premium eating day.
Tomorrow: We may look at a range bound index. RSI too has taken support from 40 and below there has been support at 37, 35 and 33. So not much potential there and 'long' seems to be long long away. I have adjusted short for a better R:R.
So;
Long side view:
NO CLARITY AS OF NOW
---------------
Short side view:
Sell below 37845
Target 1 - 37715
TSL below this
Target 2 - 37570
(Short SL - 37925)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
BankNifty Intraday view for 18-01-2021Good evening all,
Today: While the index did give us a few points on the long side, it was risky and then boring. RSI between 60 and 40 through the day did not offer anyone any opportunity other than sellers. Being stuck in 200 points range is so not BNF.
Tomorrow: Let me start on the short side, we continue our view about that if 37925 is broken down. So no change there since yesterday, some few adjustments made basis the time frame. On the long side, today's intraday high is our entry point then incremental 100 points targets.
So;
Long side view:
Buy above 38620
Target 1 - 38750
TSL above this
Target 2 - 38850
Target 3 - 38960
(Long SL - 38365)
---------------
Short side view:
Sell below 37925
Target 1 zone 37845
TSL below this
Target 2 - 37715
Target 3 - 37570
(Short SL - 38000)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
BankNifty Intraday view for 17-01-2021Good morning all,
Friday: A huge Gap down entry denied us 2 targets. But life is such and so is BNF.
Tomorrow: Again we are have the RSI at around 50 suggesting a move on the either side. On the long side, we wait for 38450 to see some incremental benefit and on the short side the set up suggests a move below 37940.
So;
Long side view:
Buy above 38450
Target 1 zone 38525 - 38575
TSL above this
Target 2 - 38650
(Long SL - 38365)
---------------
Short side view:
Sell below 37940
Target 1 zone 37845
TSL below this
Target 2 - 37715
Target 3 - 37585
(Short SL - 38000)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.