Bank Nifty Support & Resistance Levels for Tomorrow** Our levels Performed Really very Well Today, You can check our yesterday's analysis in below given Link.
1. If 37350 Level Will breaks and Sustain for 20 Min then We can Expect an up move in the Market up to 37800 Level.
2. If face any Rejection/Resistance @ 37350 levels then Market Will Consolidate B/W 37000 & 37350 levels.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********I am not a SEBI registered adviser. All the information provided by me is for educational/informational purposes only. **********
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Bankniftyintradaysetpup
BankNifty Intraday Trade Setup | 22nd SeptemberAs per your analysis, BankNifty opened with a gap-up but couldn't sustain at upper levels in the morning and we saw a sell-off towards the 36500 zones. We saw a good recovery in BankNifty and on basis of our SpanAttack timings-based research, we asked Traders to hold and buy more CE at lower levels and Sell around 2:45 PM and Traders made a great profit in BankNifty 37000 CE.
For tomorrow, we can expect a good rally once BankNifty breaks the falling yellow trendline on the upside.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37350
Sell Below 37100
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bank Nifty Support & Resistance Levels for Tomorrow*Always Enter With good confirmation & Maintain proper Risk Reward.
**********I am not a SEBI registered adviser. All the information provided by me is for educational/informational purposes only. **********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
BankNifty Intraday view for 22-09-2021Good evening all,
Today: Expected move of 500 points after the break down of 37000 and reversed from a point where we did not expect it to. But that's BankNifty for you.
Tomorrow: Post today's reversal, the entry point was at 36865 and has crossed two PRZs. We are now at a brink and waiting for 37340 to be breached, if it does, expect a ~200 point move. However, if it does not, we may see a range between 37400 - 36900
So;
Long side view:
Buy above 37340
Target 1 - 37445
Above this TSL
Target 2 zone 37560 - 37610
(Long SL - 150 points below entry)
---------------
Short side view:
Sell below 36865
Target 1 - 36670
Below this TSL
Target 2 - 36525
(Short SL - 150 points above entry)
*** 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 21-09-2021Good evening all,
Apologies for not being to update the chart throughout the day today, but if you did take a short position below 37300, you will have earned 300 points. For tomorrow, to be in a good short position, we'll need the 37000 mark to be broken down. From there we'll probably see a good 200-300 or even 400 points drop.
So;
Long side view:
Buy above 37800
Target 1 - 37925
Above this TSL
Target 2 - 38000
Target 3 - 38110
(Long SL - 37700)
---------------
Short side view:
Sell below 37000
Target 1 - 36850
Below this TSL
Target 2 - 36685
Target 3 - 36575
(Short SL -37150)
*** 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 | 21st SeptemberBankNifty opened with a big-up as SGX Nifty was indicating and as per our analysis, we bought morning lows. We bought BankNifty 36400 CE in the morning at 300 which made a low around 291 and went to above 450 in 10-15 mins, Traders booked great profit in this trade.
For tomorrow, we are expecting a gap-up opening and holding BankNifty 36300 CE. If BN opens with a big gap-up look for the opportunity to sell the morning rise.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37320
Sell Below 37050
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 20th SeptemberBankNifty opened with a gap-up and there faced rejection near 38050 which was also our 3rd Target for Buying Trade. We bought 36800 PE at 290 which went to above 390 in 10-15 mins and Traders booked great profit in this trade. We also bought 38100 CE at 260 which also gave an easy target of 100 points. We also took 37900 CE twice and booked 70-80 points.
Overall it was a great day and we booked profit in all 4 Index Options Trades.
For tomorrow, SGX indicating gap-down opening, we would be looking for an opportunity to buy morning dips.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37720
Sell Below 37400
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 17th SeptemberBankNifty opened with a gap-up near its yesterday high and tested a resistance level of 37050. We bought 37200 PE and 37300 PE in the morning and booked both with great profit. BankNifty restated yesterday high and keep going up for the whole day. We also bought 37500 PE at 120 which went to 175 and we booked profit in that Trade too.
BankNifty has given the breakout and closed near its ATH, we can see another up move if BN sustains above 37720 tomorrow.
Expectations for Tomorrow: Rangebound day.
Intraday Levels:
Buy Above 37720
Sell Below 37400
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday view for 17-09-2021Good evening all,
What a day, what a move? ATH....... And on the daily chart, a room is open till 38650. But for that to happen 37750 needs to be broken and sustained. Between where we are (37680) and that (37750) we are in a reversal zone and can look down south too.
So;
NO levels now as we need to wait till we know better tomorrow.
*** 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 16-09-2021Good morning all,
We saw good momentum in the second half yesterday providing us with some optimism. Today, if it needs to continue, we'll need the 37000 barrier to be broken. If it does, we see a good move.
So;
Long side view:
Buy above 37030
Target 1 - 37140
Above this TSL
Target 2 - 37265
(Long SL - 36860)
---------------
Short side view:
Sell below 36325
Target 1 - 36225
Below this TSL
Target 2 - 36150
(Short SL -36425)
*** 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 Expiry Trade Setup | 16th SeptemberBankNifty opened with a minor gap-up and tested the support zone of 36550 at open. We bought 36300 CE in the morning at 300 which made a high of 679 and Traders booked great profit. We bought 36400 CE at 300 which made a high of 584 and Traders made again a great profit. We also bought 37000 PE around 260 which we booked with a loss of 40 points.
BankNifty has given the breakout of range, If it sustains above 36950 we can see a fast move of 100-150 points.
Expectations for Tomorrow: Rangebound day, Volatility after 1:30 PM.
Intraday Levels:
Buy Above 36950
Sell Below 36750
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 15th SeptemberBankNifty opened with a gap-up today and was facing resistance in the 36700-36750 zone. We bought 36800 PE at 270 with the SL of 230, we added more qty at 230 and revised SL to 200 due to choppy movement in the morning, 36800 PE went to 375 in the afternoon and Traders booked profit in this trade. We also bought 37000 PE at 350 which went to around 520 and we booked great profit in this trade.
BankNifty is forming a Triangle pattern, we can expect a trending move of 100-200 points once BN breaks the pattern on either side.
Expectations for Tomorrow: Rangebound day.
Intraday Levels:
Buy Above 36700
Sell Below 36530
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANKNIFTY 15 SEP EDUCATIONAL CALL + Trade set up for long termBankNifty is showing some weakness but I am still bullish on bank nifty and I am too holding call options of banknifty
The chart is self explanatory. I think in the short term Banknifty will outperform the market because many bank stocks are ready for rally and even the government is supporting.
Happy Trading
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
— Warren Buffett
BankNifty Intraday view for 15-09-2021Good evening all,
Like we expected yesterday, nothing happened, and don't expect anything tomorrow either. At least the range that we have marked is busted on either side. Till then, be safe...
*** 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 | 14-09-2021 [INTRADAY]NSE:BANKNIFTY
Trade Setup for Date 14-09-2021:
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.
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.
If you have doubt about the trendline then you can check my previous post on BANKNIFTY. It is linked below.
BANKNIFTY! TRAINGLE PATTERN! FIBONACCI RETRACEMENT!BankNifty views as follows:
1. No Trading Zone :: 36425 - 36508 (Strictly Don't Trade)
2. Upside Momentum :: If price crosses above 36508 level and stable for 15 minutes then GO LONG! (High Probability)
3. Downside Momentum :: If price crosses below 36415 level then take 2 pivots as a TGTs. (Low Probability)
Fibonacci retracement @36455- If this level sustain above 36455 then go long. However, long above 36500. SL should be below no trading zone.
As per my point of view; bullish momentum in BankNifty.
Anyone wants to learn price action please comments below.
Happy Trading! :D
BankNifty Intraday view for 14-09-2021Good morning all,
No Levels today.... For they don't mean anything in the current scenario.
Not until 37000 and 36200 breaks on either side. A sad story we've been living for the past 5 trading sessions. Something's gotta give. When? is the question. Till then, nothing and after that, opportunity.
So.... MONEY SAVED IS MONEY EARNED
BankNifty Intraday Trade Setup | 14th SeptemberBankNifty opened with a minor gap-up, it faced resistance at our buying level 36700 in the morning and we saw a good fall. We bought 36600 CE at 240 which we booked at cost. We bought 36400 CE from support levels at 295 which went to around 370 and Traders booked good profit. After the morning movement, it was trading in a narrow range so we didn't take any more trades.
For tomorrow, we can again see a down-move if BN sustains below 36425.
Expectations for Tomorrow: Volatile Market.
Intraday Levels:
Buy Above 36560
Sell Below 36425
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 13th SeptemberAs analyzed we saw the range-bound for the entire day expect some last hour volatility. BankNifty opened near the previous high 36850 which was also the resistance zone. We bought 37000 PE in the morning at 230 which went to above 400 and Traders booked great profit. We also bought 36500 CE at 140 which easily gave 40-50 points of profit.
As an expiry zero hero, we bought 36600 CE at 20 which made a high around 90 in just 10-15 mins and Traders easily made 2x-4x money in this trade.
For tomorrow, if BankNifty sustains below 36550 levels we may see a fast move of 100-150 points on the downside. In case it breaks the falling resistance line then an up-move can be seen above 36710 but Traders should book profit early on the upside as there are many resistance zones.
Expectations for Tomorrow: Volatile Market.
Intraday Levels:
Buy Above 36710
Sell Below 36550
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday view for 13-09-2021Good morning all,
Thursday was a classic example of a seller trap. Showed potential upside to lure and then made it stick in a range to decay the premium. Hence levels are important and over that, entry and exit.
For tomorrow, I do not have hope until the 37000 - 36400 range breaks.
So;
Long side view:
Buy above 36925
Target 1 zone 37000 - 37025
Target 2 - 37140
Above this TSL
(Long SL - 36820)
---------------
Short side view:
Sell below 36390
Target 1 zone 36265 - 36215
Below this TSL
Target 2 zone 36151 - 36135
(Short SL -36520)
*** 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 & Levels | BANKNIFTY | 13-09-2021 NSE:BANKNIFTY
Observations:
1) On 1 hr time frame, it is taking support from the upper trendline of the parallel channel and closed outside above parallel channel.
Please refer below chart : 1hr time frame.
2)On 15time frame, We can see that since 08-09-2021 it has been taking support from the top trendline of parallel channel and it is making good reversal from it.
Please refer below chart : 15 time frame.
-------------------------------------
Trade Setup for Date 13-09-2021:
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.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.