Simple Trade Setup | BANKNIFTY | 17-01-2022 [INTRADAY]NSE:BANKNIFTY
Most of levels and trade setup remains same as per previous.
Trade Setup for 17-01-2022
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.
Bankniftyintradaysetpup
Bank Nifty-14/01/2022-MarketHello Traders,
BANK-NIFTY@14/01/2022:
-------------------------------
O pened as a Gap-Down, below our Support-Zone. Market was went to PDL and reversed. It took the Support at S@1 Zone and went to PDL.
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 | 13-01-2022 [ INTRADAY ]NSE:BANKNIFTY
Trade Setup for 13-01-2022
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.
Bank Nifty-Today MarketHello Traders,
BANK-NIFTY@12/01/2022:
-------------------------------
Opens as a Gap-Up, above Resistance-Zone. market was took the support and went to R@1-Zone and reversed again took the support at Resistance-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.
Bank Nifty-12/01/2022Hello Traders,
BANK-NIFTY@12/01/2022
---------------------------------
If Market Opened as a-
GAP-UP : Support of PDH (BUY) – Rejection of PDH (SELL)
FLAT : Support of PDH (BUY) – Rejection of IMP (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.
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
TF -> Time Frame
BO -> Break-Out
RR -> Risk-Reward
SL -> Stop-Loss
SH -> Swing-High
GAP -> The area b/w Previous Day Close and Today Open
Bank Nifty-11/01/2022Hello Traders,
BANK-NIFTY@11/01/2022
---------------------------------
If Market Opened as a-
GAP-UP : Support of PDH (BUY) – Rejection of PDH (SELL)
FLAT : Support of IMP (BUY) – Rejection of IMP (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.
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
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 | 12-01-2022 [INTRADAY]NSE:BANKNIFTY
Most of all the levels and trade setup remains same as per previous.
Trade Setup for 12-01-2022
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.
Bank Nifty-Today MarketHello Traders,
BANK-NIFTY@10/01/2022
-------------------------------
Opens as a Gap-Up, above Resistance-Zone. Went to near R@1 and reversed. Market took the Support at Day’s-Low and went to R@2.
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 | 11-01-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 11-01-2022
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 | 10-01-2022 [ INTRADAY ]NSE:BANKNIFTY
Observations:
1) On 1 week time frame, it is just below the FIB 50% retracement level and made a good bullish weekly candle giving closing above 61.80% FIB retracement level.
Please refer below chart : 1 week Time Frame.
2) On 1 day time frame, it has managed to give closing above 100DMA in last 3 trading session.
Major good up move can be seen on above 38150 level only.
100DMA is placed at 37302.69 level. Which can work as immediate support.
Please refer below chart : 1 day Time Frame.
3) On 15min time frame,it has formed Bearish flag and pole kind of pattern. If this pattern gets activated then we can see down fall.
Please refer below chart : 15 min Time Frame.
-------------------------------------
Trade Setup for 10-01-2022
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.
BANK-NIFTY@07/01/2022-MarketHello Traders,
BANK-NIFTY@07/01/2022:
-------------------------------
Opened as a Gap-Up, below PDH. Market was broken Resistance-Zone, then went to R@1-Zone and finally closed at PDH.
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.
Bank Nifty-Today MarketHello Traders,
BANK-NIFTY@07/01/2022:
-----------------------------------
Opens as a Gap-Down, below Important-Zone. Market was faced resistance at Important-Zone then went to support-Zone. It took the support at Support-Zone then went to near PDH and reversed.
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 | 07-01-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 07-01-2022
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.
Bank Nifty-06/01/2022Hello Traders,
[BANK-NIFTY@06/01/2022:
-------------------------
If Market Opened as a-
Gap-Up: Support of PDH (BUY) - Rejection of Resistance (SELL)
Flat: Support of PDH (BUY) – Important BO (SELL)
Gap-Down: Support of Important (BUY) – Rejection of Important (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.
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 | 05-01-2022[INTRADAY]NSE:BANKNIFTY
Trade Setup for 05-01-2022
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 | 04-01-2022[INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1 day time frame, it gave good bullish move after trading above 200DMA. 200DMA will be major support now.
But it is still below 100DMA. 100DMA will be major resistance now.
Please refer below chart : 1 day Time Frame.
2) Also On 1day time frame, it gave breakout of resistance channel with good bullish candle.
In worst case it may go to test the upper trendline of the resistance channel to make it as a support.
Please refer below chart : 1day Time Frame.
3) Also on 1 day time frame, it is near the zone from where is has been giving down move in recent past.
Good bullish move only on sustainable breakout of this zone.
This zone is placed in 36510-36665.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for Date: 04-01-2022
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.
Bank Nifty-Today MarketHello Traders,
BANK-NIFTY@03/01/2022:
-------------------------------
Opened as a Gap-Up, between Resistance and PDH. market took the support at PDH then broken our levels(Resistance-Zone, M-Resistance, Resistance@2)
I hope you all like my analysis.
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 | 03-01-2022 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1 day time frame, it is near the resistance range of 200DMA. And it made good up move from 10DMA.
200DMA is immediate major resistance, which is placed at 35701.48 level and 10DMA is immediate major support which is placed at 34955.78 level.
Please refer below chart : 1 day Time Frame.
2) Also On 1 day time frame, we can see it is in the resistance channel and faced resistance from the middle trendline of it.
Please refer below chart : 1 day Time Frame.
3) On 15min time frame, we can see temporary support channel.
Please refer below chart : 15min Time Frame.
-------------------------------------
Trade Setup for Date: 03-01-2022
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 Trade Setup | 31st DecemberBankNifty opened flat today, it made a panic low in the morning around 34750 and recovered instantly from lower levels.
Trades we took today -
> Bought BankNifty 34900 PE 6th Jan at 450 which we booked with 50 points loss
> Bought BankNifty 35100 CE 6th Jan at 410 which we booked at a cost due to no momentum
> Bought BankNifty 35000 CE at 70 which made a high around 200 and Traders booked great profit in this Trade
> Bought BankNifty 35100 PE at 100 in which we booked 35 points profit
> Bought BankNifty 35200 PE 6th Jan at 440 which we booked at a cost due to no momentum
Overall, a choppy day for BankNifty Option Buyers.
BankNifty has to break this 300-400 points range then only we can expect a trending move.
Expectations for Tomorrow: Range-bound Day, Volatility after 1:30 PM.
Intraday Levels:
Buy Above 35200
Sell Below 34800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANKNIFTY Intraday Trade Setup For 31 Dec 2021BANKNIFTY Intraday Trade Setup For 31 Dec 2021
Buy-Above 35400
Sl-35300
T-35500
Sell-Below 34750
Sl-34850
T-34550
BANKNIFTY is just trading sideways at 35000.It is just consolidating. Till we get a range breakout of the hourly range.
Hourly range is 35500 and 35000
Now 35000 has to be closed in daily TF.
Position Size should be less in this zone. As No clear direction is there.
BANKNIFTY Intraday Trade Setup For 29 Dec 2021BANKNIFTY Intraday Trade Setup For 29 Dec 2021
Buy-Above 35300
Sl-35200
T-35500 35800
Sell-Below 34990
Sl-35100
T-34800 34650
BANKNIFTY has traded in a range today. It is consolidating below the hourly resistance of 35500.
35500 is the neckline of double bottom in the hourly TF. 33500 is support below this we will plan our sell for 200 points.
If index opens flat and crosses our buy and sell level we will trade on breakout or breakdown.
If index opens with a big gap up above 35500 then we will initiate our buy trade if it takes support from 35500.
A big gap down below 35000 , then we will wait for 15 candle and trade on that sentiment.
Banknifty Intraday Levels Analysis, 28th DecHello 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 Flat or Gap Down.
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 | 28-12-2021 [INTRADAY]NSE:BANKNIFTY
Still the trade setup and levels remains same as per previous.
Trade Setup for Date: 28-12-2021
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.