BankNifty Expiry Trade Setup | 28th OctoberBankNifty opened with a minor gap-down and took support in the morning near our Sell Level which was 41000. We saw a pretty range-bound day and BankNifty broke Range on the downside after 2:00 PM.
Trades we took Today:
> Bought BankNifty 41300 CE at 200 in the morning which we booked at cost as there was a very slow movement
> Bought BankNifty 41400 PE at 290 which made a high around 600 and Traders booked great profit in this Trade.
There was not much movement in BankNfty today so we only took these 2 Trades.
Today's low is important and we can see a fast down move of 120-200 points if BankNifty breaks 40750 tomorrow.
Expectations for Tomorrow: Range-bound day, Volatality after 1:30 PM.
Intraday Levels:
Buy Above 41025
Sell Below 40750
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bankniftyintradaysetpup
BankNifty Intraday Trade Setup | 27th OctoberBankNifty opened flat and it faced resistance near our Buy Level 41400, came all down to 40830, and then it was trading in that range for the entire day.
Trades we took Today:
> Bought BankNifty 41200 CE at 230 which made a high above 400 and Traders booked great profit in this Trade.
> Bought BankNifty 41200 CE again at 290 which made a high around 390 and Traders booked good profit in this Trade.
> Bought BankNifty 41200 PE at 260 which we booked around cost as BankNifty was moving in a narrow range
Overall, we booked great profit today in BankNifty Options.
Today was a range-bound day and BankNifty formed the inside candle on a daily time frame, we are expecting a trending move on either side BankNifty breaks today's range.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 41400
Sell Below 41000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 26th OctoberBankNifty opened with a big gap-up around 41000 and after some consolidation, we saw another good upmove as expected.
Trades we took Today:
> Bought BankNifty 40700 PE at 340 which we booked at cost as there was not much movement in the morning
> Bought BankNifty 40900 CE at 250 which made a high above 1100 and Traders booked great profit in this trade
> Bought BankNifty 41800 CE at 290 which we booked with 50 points of loss
> Bought BankNifty 41300 CE at 290 which made a high around 400and Traders booked good profit in this trade
Overall, we booked great profit today.
Tomorrow, we can see a good upmove if BankNifty starts trading above 41400 in the morning.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above 41400
Sell Below 41000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 25th OctoberBankNifty opened with a minor gap-up near our Buy level of 40200 and we saw a good rally in the morning, BankNifty saw resistance near 40600 level and fall almost 400 points from the day high.
Trades we took Today:
> Bought BankNifty 40500 CE at 340 and added more at 300 which made a high above 470 and Traders booked great profit in this trade
> Bought BankNifty 40000 PE at 230 which went around 310 and Traders booked good profit in this trade as well
Overall, SpanAttack Group members booked great profit on Friday.
Friday low is important to hold, if BankNifty breaks 40180 tomorrow, we can see 120-200 points fall.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 40380
Sell Below 40180
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 22-10-2021 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 15min time frame, we can see a major support trendline. As far as it is above this we will not see major downfall.
Breakdown of this will lead to major downfall.
Please refer below chart : 15 min Time Frame.
2) Also On 15 min time frame, we can see major support zone is from 39284 to 39350. In worst case it can come down to this range and may give reverse.
Breakdown of this range will make Banknifty weak and bearish.
Please refer below chart : 15min Time Frame.
-------------------------------------
Trade Setup for Date 22-10-2021:
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 | 22nd OctoberBankNifty opened with a gap-up near 39650 and made a high around 39750 in the first candle, after morning movement we saw a range and volatile moves but in the last 1 hour, BankNifty showed a massive one-sided rally as Kotak Bank moved more than 6%.
Trades we took Today:
> Bought BankNifty 39900 PE at 230 which made a high above 350 and Traders booked great profit in this trade
> Bought BankNifty 39500 CE at 230 which went above 285 and Traders booked good profit in this trade
> Bought BankNifty 39800 PE at 220 which we booked with 40 points profit
> Bought BankNifty 39600 CE at 100 which we booked with 10 points loss
Overall, SpanAttack Group members booked great profit on Weekly Expiry.
For tomorrow, we can again see a good up-move once BankNifty would break today's high.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 40200
Sell Below 39900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 21-10-2021 [ INTRADAY]NSE:BANKNIFTY
Trade Setup for Date 21-10-2021:
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 Expiry Trade Setup | 21st OctoberBankNifty opened flat at 39600 level and we saw a sell-off in the morning, BankNifty took support at 39300 in the morning and we saw good up-move from that zone.
Trades we took Today:
> Bought BankNifty 39500 CE at 250 which we booked with 20 points loss at 230.
> Bought BankNifty 39600 PE at 320 which we booked with 50 points loss at 270.
Overall, bad day for Options Traders.
BankNifty is looking stronger than Nifty and we can see a short-covering move if BankNifty breaks and sustain above the yellow falling line.
Expectations for Tomorrow: Range-bound day, Volatality after 1:00 PM.
Intraday Levels:
Buy Above 39600
Sell Below 39300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 20th OctoberBankNifty opened with a Gap-up above our Buy level of 39800 and as per our analysis, BankNifty faced sharp rejection near the 40000 zones.
Trades we took Today:
> Bought BankNifty 40000 PE at 300 which made a high above 600 and Traders booked great profit in this.
> Bought BankNifty 39700 CE at 240 which made a high around 400 and Traders again booked great profit in this.
> Bought BankNifty 39700 CE again at 270 which we booked with 5 points loss at 265.
Overall, a great day for BankNifty Option Traders.
Tomorrow, we can see a sharp down-move of 120 - 250 points if BankNifty breaks and sustains below 39400.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 39600
Sell Below 39400
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 19th OctoberBankNifty opened with a big Gap-up around 39900 and we saw a range-bound session after morning volatility as expected.
Trades we took Today:
> Bought BankNifty 39700 CE at 300 which made a high around 482 and Traders booked good profit in this.
> Bought BankNifty 39900 CE at 280 which made a high around 364 and Traders booked good profit in this.
> Bought BankNifty 39800 CE at 300 and BANKNIFTY 39700 PE at 310, booked both at cost because of the slow movement in BankNifty.
Overall, good day and Traders booked profit in BankNifty Options.
Tomorrow, we can see a sharp down-move of 100 - 200 points if BankNifty breaks and sustains below 39680.
Expectations for Tomorrow: Range-bound day.
Intraday Levels:
Buy Above 39800
Sell Below 39680
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 18th OctoberBankNifty opened with a Gap-up and after consolidation traded in a narrow range throughout the day to eat premiums on both sides. Around 1:40 we saw a sharp upmove, BankNifty broke the day range and we saw a trending move of more than 400 points.
Trades we took Today:
> Bought BankNifty 39000 PE at 270 which made a high around 317 and Traders booked good profit in this.
> Bought BankNifty 39000 PE again at 160 which made a high around 210 and Traders booked good profit in this.
Overall, good day and Traders booked profit in BankNifty Options.
Tomorrow we are expecting a Gap-up opening so be cautious in morning trade.
Expectations for Tomorrow: Volatility and morning.
Intraday Levels:
Buy Above 39400
Sell Below 39000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Expiry Trade Setup | 14th OctoberBankNifty opened with a Gap-up and as per our analysis, we saw a volatile day. BankNifty took support at our Buying level 38600 and we saw 150-180 points upmove.
Trades we took Today:
> Bought BankNifty 38500 CE at 310 which made a high around 380 and Traders booked great profit in this.
> Bought BankNifty 38500 CE again at 290, and Traders booked this at 335.
> Bought BankNifty 38600 CE at 235, it made high around 264 but we booked it at cost as there was not much movement.
Overall, good day and Traders booked profit in BankNifty Options.
Tomorrow we can see a good move once BankNifty breaks today's range on either side.
Expectations for Tomorrow: Range-bound day, Volatality after 12:30.
Intraday Levels:
Buy Above 38800
Sell Below 38500
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday view for 14-10-2021Good evening all,
Today: While I mentioned yesterday that it might just... It did.... Almost 37779 testing the another reversal point. From here the long road is ONLY above 38800 and up to 39000. Again, if it does.
Tomorrow: The index after reversing from a strong supply zone, is looking down and potentially may get stuck in 400 point range. If it breaks further down, we will see a good fall.
So;
Long side view:
Long Entry above 38800
Long Target 1 - 39000
TSL above this
(Long SL - 38600)
---------------
Short side view:
Sell below 38100
Short Target 1 zone 38000 - 37920
TSL below this
Target 2 - 37785
Target 3 - 37670
(Short SL - 38265)
*** 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 | 13th OctoberAs analyzed BankNifty remained in a range for most of the day. BankNifty opened with a minor gap-up and tested the support zone of 38150 in the morning and we saw a bounce of 250 points from the support zone.
Trades we took Today:
> Bought BANKNIFTY 38200 CE at 350 which made a high around 391 and Traders booked great profit in this.
> Bought BANKNIFTY 38400 PE at 310 and we added more at 280 which we booked at 310.
Tomorrow we can see another upmove if BankNifty opens flat and sustains above 38600 in the morning but Wednesday is mostly volatile so be cautious at upper levels.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 38600
Sell Below 38350
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday view for 13-10-2021Good evening all,
Today: The index negated our view to a certain extent, but not to a point that we could have taken an entry. Mostly in a downward range and then a climb back to the reversal point.
Tomorrow: The index is currently at a key reversal zone and I don't want to bet on a 'Long' to 38785.... It might just... The entry happens after the new ATH. On the south side, we have multiple steps where we can safely land on and the step down again. A clear stairway in that sense.
So;
Long side view:
Long Entry above 38610
Long Target 1 - 38785
TSL above this
(Long SL - 38500)
---------------
Short side view:
Sell below 38110
Short Target 1 zone 38000 - 37920
TSL below this
Target 2 - 37785
Target 3 - 37670
Target 4 - 37450
(Short SL - 38265)
*** 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 | 12th OctoberBankNifty opened with a flat and as expected we saw a great upmove once BankNifty sustains above 37870 and BankNifty closed above its resistance zone of 38150.
For tomorrow, 38200-38100 would act as a support zone, and if BankNifty tests this zone in the morning and don't break then we may see BankNifty again in the 38400-38500 zone.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 38500
Sell Below 38100
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday view for 11-10-2021Good evening all,
Friday: It was equally bad as Thursday. Stuck within a range of 375 points on a 14 day ATR is of 550. Something should give this week.
Tomorrow: Dynamic support trend line being respected is a good sign for the index move up. Again, ONLY if 38100 is breached. We will this time enter at 38120 to see 38265 and then a 100 - 300 point move. The same trend line also provides us with an opportunity to go south. From 37680 to all the way 37000.
So;
Long side view:
Buy above 38120
Long Target 1 - 38260
TSL above this
Target 2 - 38375
Target 3 - 38570
(Long SL - 37950)
---------------
Short side view:
Sell below 37680
Short Target 1 zone 37450 - 37315
TSL below this
Target 2 - 38200
(Short SL - 37850)
*** 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 | 11th OctoberBankNifty opened with a minor gap-up and due to RBI Policy, we saw some volatility around 10:00 and BankNifty remained in a range.
Trades we took Today:
> Bought BANKNIFTY 37800 PE at 330 which we booked at 360 due to high volatility.
> Bought BANKNIFTY 37900 CE at 280 which we booked with 30 points profit at 310 as BankNifty was Trading in a narrow range.
As today was a choppy day, nothing much for Option Buyers.
BankNifty is trying to break 38000 but we see rejection every time, we can see a trending move only if BankNifty closes above 38150.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 37870
Sell Below 37680
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 8th OctoberBankNifty opened with a big gap-up and traded in a small range today, was a typical expiry day where premium eating was going on both sides.
Trades we took Today:
> Bought BANKNIFTY 37600 CE at 270 which we booked with 40 points loss.
> Bought BANKNIFTY 38000 PE at 270, booked partial at 300 then it came down.
As today was a choppy day, we took Trades in Nifty and booked great profit and didn't trade much in BankNifty.
Tomorrow, RBI monetary policy would be announced so trade with caution.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 37900
Sell Below 37640
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday view for 08-10-2021Good evening all,
Today: If there is something lesser than nothing, that was today. Stuck within a range of 275 points when the 14 day ATR is of 550 at this point in time. So something gotta give.... When? Let's see.
Tomorrow: We shall not leave our hope and trade what we see. And we potentially see an upward movement ONLY if 38100 is breached. However, we will enter after 38265 for a 100 - 300 point move. Down south..... Nothing till 37400-350.
So;
Long side view:
Buy above 38265
Target 1 - 38365
TSL above this
Target 2 - 38565
(Long SL - 38100)
---------------
Short side view:
No clear levels till 37350... Below that, 37150, 37000 & 36865.
*** 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.