Banknifty Intraday Levels Analysis, 27th 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.
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.
Bankniftyintradaysetpup
Simple Trade Setup | BANKNIFTY | 24-12-2021[INTRADAY]NSE:BANKNIFTY
Trade Setup for Date: 24-12-2021
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.
Simple Trade Setup | BANKNIFTY | 23-12-2021 [INTRADAY]NSE:BANKNIFTY
Trade Setup for Date: 23-12-2021
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.
Simple Trade Setup | BANKNIFTY | 17-12-2021 [ INTRADAY ] NSE:BANKNIFTY
Observations:
1) On 1day time frame, today it closed below 10DMA and it is still trading below 100DMA, which is a bearish sign.
10DMA is placed at 36718.16.
100DMA is placed at 37246.61.
And also it gave closing below 36600 level.
Please refer below chart : 1day Time Frame.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 17-12-2021
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.
I am giving only safe levels for buy trade. But one can do scalping between the levels for both side of the trades.
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 | 16-12-2021[ INTRADAY ]NSE:BANKNIFTY
Since Tomorrow is expiry, hence only considering safe buy trade above 37020 sustainable breakout.
Trade Setup for Date: 16-12-2021
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.
Simple Trade Setup | BANKNIFTY | 14-12-2021 [ INTRADAY ]NSE:BANKNIFTY
Observations:
1) On 1day time frame,after trading around 200DMA now it is trading around 100DMA.
Today it closed below 100DMA.
100DMA is placed at 37186 level.
Sustainable breakout of 37186 will be good buying opportunity.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see that the trendline which was previously working as resistance now it is taking support from it. hence this trendline is immediate support trendline.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date: 14-12-2021
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.
Simple Trade Setup | BANKNIFTY | 13-12-2021 [ INTRADAY]NSE:BANKNIFTY
Trade Setup remains same as per previous setup.
Trade Setup for Date: 13-12-2021
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.
Banknifty Intraday Levels Analysis, 9th Dec Weekly ExpiryHello Traders,
Strategy to follow :Buy on Dips at Support of 37000 and Short Sell on Rise at Resistance 37500 levels.
Please take 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.
BankNifty Intraday Trade Setup | 7th DecemberBankNifty opened flat, we saw selling in morning BankNifty took support near 35900 zones and gave up-move towards 36350 which was also our Buying level but it couldn't sustain at upper levels and broke morning lower range in the second session.
Trades we took today -
> Bought BankNifty 36100 PE at 380 which made a high around 480 and Traders booked good Profit in this Trade
> Bought BankNifty 35900 CE at 530 which made a high around 630 and Traders booked good Profit in this Trade
> Bought BankNifty 36200 CE at 380 which we booked with 60 points loss
> Bought BankNifty 16th Dec 36000 PE at 480 which we booked with 40 points loss
> Bought BankNifty 36000 PE @ 400 which made a high around 500 and Traders booked good Profit in this Trade
Overall, a good day for BankNifty Option Buyers.
If BankNifty sustains below today's low we can see further selling in BankNifty.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 35900
Sell Below 35680
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 08-12-2021 [ INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1day time frame, it took again support from 200DMA and today it gave good bullish move.
200DMA is placed at 35716.03.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 08-12-2021
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.
BANKNIFTY Intraday Trade Setup For 06 Dec 2021BANKNIFTY Intraday Trade Setup For 06 Dec 2021
Buy-Above 36300
Sl-36200
T-36500
Sell-Below 36000
Sl-36100
T-35900 35800
Selling would be much safe to trade , below yesterday's low . 36000 is being tested frequently and 36900 is also being tested in the higher side. We will get moves on the range shift.
Simple Trade Setup | BANKNIFTY | 02-12-2021 [ INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1day time frame, after holding 200DMA yesterday, it bounce it from it and made bullish candle.
200 DMA is placed at 35709.24 level, which is major support now.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 02-12-2021
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.
BankNifty Intraday Trade Setup | 30th NovemberBankNifty opened with a gap-up at 36242 and we saw huge selling at open and BankNifty made a low around 35300 but we also saw a good recovery as expected.
Trades we took today -
> Bought BankNifty 36000 CE at 360 which made a high around 500 and Traders booked great profit in this Trade
> Bought BankNifty 36000 CE again at 340 which made a high above 500 and Traders booked great profit in this Trade
> Bought BankNifty 35900 PE at 290 which we booked at the cost due to slow movement
> Bought BankNifty 36100 PE at 340 which made a high around 400 and Traders booked good profit in this Trade
> Bought BankNifty 36200 CE at 390 which made a high around 450 and Traders booked good profit in this Trade
> Bought BankNifty 36200 CE again at 380 which we booked with 60 points loss
Overall, Wonderful day for BankNifty Option Buyers.
If BankNifty breaks 35850 on the downside, we may again see a sharp down move tomorrow.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 36220
Sell Below 35900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 01-12-2021 [ INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1day time frame, it closed just below 200DMA.
200DMA is placed at 35707.33 level.
If it sustain below it tomorrow then we can see weakness.
200DMA is major support.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 01-12-2021
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.
BANKNIFTY Intraday Trade Setup For 30 Nov 2021BANKNIFTY Intraday Trade Setup For 30 Nov 2021
Buy-Above 36350
Sl-36250
T-36500 36700
Sell-Below 35900
Sl-36000
T-35700 35400
BANKNIFTY has formed a halt cum bullish candle in daily timeframe confirmation is on above today's high.
While aggressive move will be seen above 36550.
36500 can give resistance in intraday, we will short if we find any negative candle and if low of that candle is taken out.
BANKNIFTY Intraday trade Setup For 24 Nov 2021BANKNIFTY Intraday trade Setup For 24 Nov 2021
Buy-Above 37300
Sl-37200
T-37575
Sell-Below 37000
Sl-37100
T-36900 36700
Index has shown good upside momentum in today's trading session. This move can continue till 37570-37600.
For Selling 37000 is the level to short. Build your short from 37000 add more if 37900 is broken for the target of 36700.
If 36640 is broken then again free fall will be seen in index.
37600-37660 will act as an resistance .Consider shorting from this levels if we find any breakdown.
BankNifty Intraday Trade Setup | 22th NovemberBankNifty opened flat and faced resistance at the 38200 zones and we saw a good fall from morning high.
Trades we took today -
> Bought BankNifty 38300 PE at 250 which made a high around 400 and Traders booked Great profit in this Trade
> Bought BankNifty 37800 CE at 260 which we booked with 40 points loss
> Bought BankNifty 37700 PE at 80 which we booked with 20-25 points profit
> Bought BankNifty 37800 PE around 30 which gave easy 100% profit quickly to Traders
Overall, Great expiry for BankNifty Option Buyers.
If BankNifty breaks 37770, we again see a good down move tomorrow.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 38150
Sell Below 37770
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Expiry Trade Setup | 18th NovemberBankNifty opened with a gap-down below our Sell Level of 38200 and after morning fall BankNifty took support around 38000 which was also a psychological level and we saw a good rally from lower levels.
Trades we took today -
> Bought BankNifty 38000 CE at 280 which made a high above 550 and Traders booked great profit in this Trade
> Bought BankNifty 38400 PE at 250 which we booked with 40 points loss
> Bought BankNifty 38300 CE at 300 which we booked with 50 points loss
> Bought BankNifty 38400 PE again at 260 which made a high above 400 and Traders booked great profit in this Trade
Today BankNifty Option Buyers booked great profit.
Tomorrow we can see a fast down-move if BankNifty breaks 37950 level but we also can see a short-covering expiry rally so trade with caution.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:00 PM.
Intraday Levels:
Buy Above 38160
Sell Below 37950
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANKNIFTY Intraday Trade Setup For 22 Nov 2021BANKNIFTY Intraday Trade Setup For 22 Nov 2021
Buy-Above 38240
Sl-38140
T-38370 38513
Sell-Below 37740
Sl-37840
T-37520 37400
#BANKNIFTY has created a base in the last trading session, also the major hourly trendline is nearby it can take resistance and can also break. So Be alert at the hourly trendline .
If the breaks then we can see some late short-sellers stop losses trigger resulting a upside movement.
But if index breaks the last trading session's low-3770 then simply short for the target of 37500.
37500 is a psychological level. Book 80% here.
BankNifty Intraday Trade Setup | 17th NovemberBankNifty opened flat, we saw selling at open and BankNifty broke its support level of 38600. We saw a good fall if you see it from the open and BankNifty also broke the previous low of 38350 zones.
Trades we took today -
> Bought BankNifty 38600 PE at 270 which made a high around 350 and Traders booked good profit in this Trade
> Bought BankNifty 38500 PE at 260 which made a high around 330 and Traders booked good profit in this Trade
> Bought BankNifty 38600 PE again at 300 which we booked with 15 points loss due to slow movement
Overall, a good day and BankNifty Option Buyers booked great profit.
BankNifty looks weak and if it breaks 38200 in the morning, we may see a fast down move of 100-200 points but 38000 is Phyclogical support so Sellers Need to be cautious in that zone.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 38400
Sell Below 38200
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team