Bank Expiry Trade Setup | 10th June 2021BankNifty opened flat and made a bullish candle on 15 mins time frame, it went up and took resistance at the yellow line we drew on the chart. It spent almost 2.5 hours in 100-120 points range and we saw a sharp sell-off. We tried 35300 PE in the morning but due to range-bound, it didn't work. We again took a position in 35000 PE around 190 which made a high of 400 within 30 mins.
The range for tomorrow is bigger and expecting volatile moves in the morning and the last 2 hours of sessions hence novice traders trade with caution and keep your quantity low.
Expectations for Tomorrow: Range bound, volatility after 1:00.
Resistance: 35254
Support: 34186
Intraday Levels:
Buy Above 35050
Sell Below 34640
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bankniftyintradaysetpup
Bank Intraday Trade Setup | 9th June 2021BankNifty opened flat and we saw a sharp fall, BankNifty came near to support zone 35000-34900 and took a bounce as we updated. We got good 190-200 points move, BankNifty closed near the support zone and if it breaks and sustains below 34950, we can see 34500 and 34200 in few sessions.
Expectations for Tomorrow: Volatile day.
Resistance: 35370
Support: 34882
Intraday Levels:
Buy Above 35220
Sell Below 34950
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bank Intraday Trade Setup | 8th June 2021BankNifty opened with a minor gap-up and again faced resistance at 35500 zones and remained in 100-150 points range for the whole day. As we analyzed before market hours, it was a choppy day and we focused on Short Term Investment stocks that gave great profits today.
Expectations for Tomorrow: Volatile day.
Resistance: 35754
Support: 35132
Intraday Levels:
Buy Above 35580
Sell Below 35350
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bank Intraday Trade Setup | 7th June 2021BankNifty opened with a minor gap-up and gave a volatile move due to RBI Policy. BankNifty made lower lows, we bought 35400 PE around 385 which gave good profit though I wasn't available during the second half on Friday.
Expectations for Tomorrow: Trending day.
Resistance: 36060
Support: 35041
Intraday Levels:
Buy Above 35500
Sell Below 35170
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bank Intraday Trade Setup | 4th June 2021BankNifty opened with a Gap-up and remained in a range for the first half. As we analyzed we saw volatility after 1:00 PM. Tomorrow there is an event, RBI Credit Policy hence market can be in range, high volatile during Policy announcement, and then a Trending Move.
Expectations for Tomorrow: Range bound until RBI Credit Policy, then a Trending Move.
Resistance: 35905
Support: 35284
Intraday Levels:
Buy Above 35700
Sell Below 35500
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BanNifty Analysis Intraday Levels 4 JuneHello Traders,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
As predicted yesterday, BnkNifty Opened Gap Down ... Today...😎
Resistance Level :
1. Strongest Resistance exists at 35700.
2. Next Strong Resistance at 35800.
3. Stronger Resistance at 36000.
4. Good Resistance has been developing at levels from 35700 to 35800.
Support Level :
1. 35600 has become Strong Support Level .
2. Strong Support at 35500 Level.
3. Good Support Zone from 35300 and 35400.
SideWays Possibility :
More Chances of Sideways market between the Range 35500 to 35800 / No Trade Zone
TrendLine :
Buy above Green Trend Line and above 35800 levels
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.
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Bank Expiry Trade Setup | 3rd June 2021BankNifty Opened with a gap down, took support from the 35000 zones, and traded in a range until 1:30 PM. Once the range was broken on the upside, gave a great up-move. We bought 35300 PE around 270 which we booked around 300 as the index was moving slowly.
Expectations for Tomorrow: Range-bound day, Volatility after 1:00 PM.
Resistance: 35848
Support: 34941
Intraday Levels:
Buy Above 35450
Sell Below 35200
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BanKNifty Expiry Special IntraDay LevelHello Traders,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
As predicted yesterday, BnkNifty Opened Gap Down ... Today...😎
Resistance Level :
1. Strongest Resistance exists at 35500.
2. Next Strong Resistance at 35800.
3. Stronger Resistance at 36000.
4. Good Resistance has developing at levels from 35500 to 35800.
Support Level :
1. 35000 has become Strong Support Level .
2. Good Support Below is 34500 Level.
3. Good Support Zone between 35100 and 35300.
SideWays Possibility :
More Chances of Sideways market at for the first half, Between the Range 35500 to 35000.
TrendLine :
Sell below green trend line and at levels of 35500 when you see reversal from this level.
*Note : Try to Trade in Second Half, so that the picture would be more clear ...on buying and selling side.
It's an Expiry Day ... trade keeping in mind that Option Premium decays more than usual day.
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 hit the Follow button to get the regular analysis.
Please give a like, it motivates me to do analysis and do share with your friends as well.
Bank Intraday Trade Setup | 2nd June 2021BankNifty Opened with a minor gap-up and faced resistance near our marked level and came towards 35250 levels. We saw the consolidation and as expected it gave an up move of around 200 points, we bought 35500 CE around 230 which went above 300.
Expectations for Tomorrow: Trending day.
Resistance: 35900
Support: 34958
Intraday Levels:
Buy Above 35400
Sell Below 35200
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Analysis 2nd June 2021Hello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
As predicted yesterday, BnkNifty Opened Gap Up Today.
BankNifty can Open Gap Down .... Tomorrow ...!
Resistance Level :
1. Strong Resistance exists at 35500.
2. Next Good Resistance at 35800.
3. Strong Resistance at 36000.
4. Good Resistance is developing at levels from 35500 to 35800.
Support Level :
1. 35000 has become Strong Support Level .
2. Good Support Below is 34500 Level.
3. Good Support Zone between 35100 and 35250.
Trend Lines :
1. Orange Line : BnkNifty is now trading below Big Orange Line ..what does that indicate ..Support is broken and ..now it will/can act as a Resistance.
2. Red Line : BnkNifty is also facing a new Resistance as indicated by New Red Trend Line.
SideWays Possibility :
More Chances of DownSide Sideways market Between the Range 35400 to 35000.
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 hit the Follow button to get the regular analysis.
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Bank Intraday Trade Setup | 1st June 2021BankNifty Opened with a minor gap-up and coming down at open, it took support from mentioned level 34933. We bought 35100 CE around 375 which gave us great profit. We also tried a PE but it didn't work.
Expectations for Tomorrow: Volatile day, we may see some correction tomorrow.
Resistance: 35763
Support: 35109
Intraday Levels:
Buy Above 35600
Sell Below 35400
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Analysis 1 June Intraday LevelsHello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
BankNifty can Open Gap Up .... Tomorrow ...!
Resistance Level :
1. Strong Resistance exists at 36000.
2. Next Good Resistance at 35800 from current Levels.
3. Good Resistance at 36500.
Support Level :
1. 35000 has become Strong Support Level .
2. Next Support Below is 34500 Level.
*We Can see the 35500 is acting as a Good Support.
Important Note :
Buy Above Green Trend Line and at 35600 levels.
Sell Below 35450 and below Green Trend Line.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please hit the Follow button to get the regular analysis.
Please give a like, it motivates me to do analysis and do share with your friends as well.
Bank Expiry Trade Setup | 31st May 2021We again saw a range-bound day, not much for Intraday Traders. BankNifty opened with a gap-up and traded in a range though we saw a good rally in the last 30-40 mins.
The trend is up but the range is narrowing down, we are expecting a wider range with great opportunities this week.
Expectations for Tomorrow: Volatile day.
Resistance: 35644
Support: 34933
Intraday Levels:
Buy Above 35250
Sell Below - Buyers may get activate around support and take BankNifty higher.
To motivate me, Please like the idea If you agree with the analysis.
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InvestPro India Team
Bank Expiry Trade Setup | 28th May 2021As analyzed we saw a high volatility expiry session today. BankNifty Opened with a gap up and lost all its gain in the first 10-15 mins, it again took support from 34500 zones which gave a good bounce. We tried to Buy CE in the morning which gave good profit, PE also gave around 30% profit.
In the last hour, we tried with PE which didn't work. Overall a good day.
The trend is up but the range is narrowing down, we are expecting a wider range with great opportunities next week.
Expectations for Tomorrow: Trending day.
Resistance: 35367
Support: 34676
Intraday Levels:
Buy Above 35200
Sell Below 34900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Analysis 28/5/2021 IntraDay LevelsHello Traders,
I Hope you are liking my analysis and enjoying the trading.
I am concern about one thing is that:
1. From the stat of the posts that i have posted, lets consider today's Expiry Special i see that 1020 views for the post, how many likes only 23 and Commnets only 9 that too 4 are mine... BankNifty 24/05/2021 Intraday Levels Post has 2745 views, Likes 30 and comments 30 ..of which 10 would be mine reply to your queries or commnets.
2. Common guys ... hit the Like button ONLY if you like my post .. it's Free right , Put your thoughts/feedback/questions..anything whether good or bad ... it's Free too ..
Please try to understand my thought process...
We Can help Each Other .. retailers ... and prevent from Loss.
One thing for Sure ... free things do not have value ...
I am getting personal, public messages regarding any Paid service on that i have on Telegram, WhatsUp etc.
I don't have any and I am here to share my knowledge whatever i have for Free, then why don't you support me by hitting the Like button, Following and Sharing with your friends...
Also, other thing is that your comments on my post are benefiting other traders as well ...
one of my Follower named " Akbhagyalatha " post on Banknifty 25/5/2021 Intraday Levels post regarding his loss and i gave a reply to him.
The next day other follower message me in private that he ad made a loss of 50+K, and as suggested to " Akbhagyalatha ", he took a pause from trading.
Started with Basic what i had mentioned over there and feeling confident now ... i feel very proud of these 2 followers , one for posting in Public and accepting his mistake and learning and the 2nd follower for Learnig from others mistake ..very good guys... i will be always there for such people.
OK .. enough said ..its upto you guys ..if you want to join me in helping other you will others ... world will continue to go on ..as it does daily.
Here are the Intra day Analysis...enjoy
What an Expiry ..it was ..! Bulls overiding Bears after 4 days ... and finally broke the Strongest Resistance at 35000.
What's next now ..?
I see a Big Rally Comming Soon of which the first Target would be 35500 , 36000...
BankNifty can Open Gap Up/Neutral .... Tomorrow ...!
Resistance Level :
1. Major resistance of 35000 is broken and Price is sustained above 35000 close to 35100 .
2. Good resistance exists at 35100 to 35250.
3. Strong Resistance at 35500.
Support Level :
1. 34800 is New Strong Support level . Below it we have 34700.
2. 34500 has become Strongest Support Level .
Sideways Possibility :
Moderate chances of Upward sideways market between 35100 to 35300.
Trend Lines :
- BnkNifty is still trading between 2 Main Trend Lines Red and Green forming a parallel channel pattern.
- We can see Head & Shoulder pattern formed, and yesterday itself had given a breakdown and was sustaining below the Violet horizontal trend line as shown in Expiry Special post.
- After this breakdown, the big Green Support line played an important Role, BnkNifty bounced back from that line and at level 34550.
- The Horizontal Violet Line was now acting as Resistance, when it was broken ... it started acting as a Support Line (Keep this in Mind ..will Come Back to this Point), and you can see this at 2.30pm in the chart of 15 min.
- Now, BnkNifty has broken the Strongest Resistance of the Week at 35000, and has closed above the Blue Trend Line as well .. with large wick at the top stating the pressure at levels from 35100 to 35250..
Why i have summarised this .. Please try to understand ... Coming back to Support and Resistance point left above ..
1.BnkNifty has broken the Strongest Resistance of the Week at 35000, now this Resistance will Act as a New Support as we saw Above.
So wait for a while to see a pullback at these levels and then go for Buying as indicated by arrows.
2. Understand and learn the importance of Support and Resistance lines.
Important Note:
Need large volume to break 35000 as indicated by larger Green Arrow.
As the Resistance is building strong at 35000 level it seems that at least for first half market would be in down and sideways.
*Imp Note :
Support and Resistance Marked keeps on changing as the day progresses and new trader joining.
Strong Support and Resistance will act atleast for first half and may be broken with large volume .
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please hit the Follow button to get the regular analysis.
Please give a like, it motivates me to do analysis and do share with your friends as well.
BankNifty Expiry Special 27/5/2021Hello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
As predicted in previous analysis, BnkNifty Open Up with small gap and was in Sideways rest of the day.
Resistance Level :
1. 35000 is immediate Strongest Resistance level .
3. Good resistance exists at 35500 and Strong Resistance is developing from 35000 to 35500.
Support Level :
1. 34500 is Strong Support level .
2. 34000 is next Good Support Level .
Sideways Possibility :
80% chances of sideways market, between 34500 and 35000 .
Trend Line :
Voilet Line - Blue Line : Sell Below Voilet Trend Line and Blue Trend Line, till Big Green Support Line .
Green Line : 1. Sell Below Big Green Support Line at 34500 if broken by large volume and price sustains below it for atleast 5 min.
2. Buy Above Big Green Support Line at 34500 when you see a revarsal, as you saw in the morning
* Voilet Line a New Resistance forming in next half of the Day will play an important role tomorrow, trade safe near it.
Important Note:
Need large volume to break 35000.
As the Resistance is building strong at 35000 level it seems that at least for first half market would be in down and sideways.
*Imp Note :
Support and Resistance Marked keeps on changing as the day progresses and new trader joining.
Strong Support and Resistance will act atleast for first half and may be broken with large volume .
Try to Sell Options, time decay benift you will get.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to all retail traders to learn Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please hit the Follow button to get the regular analysis.
Please give a like, it motivates me to do analysis and do share with your friends as well.
BankNifty Analysis 26/5/2021 Intraday LevelsHello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
As predicted in previous analysis, BnkNifty was in Down Trend and Sideways .
BankNifty to Open Neutral/Small Gap Up .... Tomorrow ...!
Resistance Level :
1. 35000 is immediate Strongest Resistance level .
3. Good resistance exists at 35500 and Strong Resistance is developing from 35000 to 35500.
Support Level :
1. 34500 is Strong Support level .
2. 34000 is next Good Support Level .
Sideways Possibility :
50 -50 chances of Downward sideways market, close to 34500 .
Trend Line :
Voilet Line : Sell Below Voilet Trend Line till Big Green Support Line .
Green Line : 1. Sell Below Big Green Support Line at 34500 if broken by large volume and price sustains below it for atleast 5 min.
2. Buy Above Big Green Support Line at 34500 when you see a revarsal.
* Voilet Line a New Resistance forming in next half of the Day will play an important role tomorrow, trade safe near it.
Important Note:
Need large volume to break 35000 as indicated by larger Green Arrow.
As the Resistance is building strong at 35000 level it seems that at least for first half market would be in down and sideways.
*Imp Note :
Support and Resistance Marked keeps on changing as the day progresses and new trader joining.
Strong Support and Resistance will act atleast for first half and may be broken with large volume.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please hit the Follow button to get the regular analysis.
Please give a like, it motivates me to do analysis and do share with your friends as well.
Banknifty 25/5/2021 Intraday LevelsHello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
As predicted in previous analysis, BnkNifty Opened Gap Up following Ascending Triangle Pattern ( ATP ), which basically is Bullish .
BankNifty to Open Gap Down .... Tomorrow ...!
Resistance Level :
1. 35000 is next strongest Resistance level .
3. Good resistance exists at 35500 and New Resistance is developing from 35200 to 35350.
Support Level :
1. 34000 is Strong Support level .
2. 34500 is next Good Support Level .
Sideways Possibility :
More chances of Downward sideways market, close to 34500 .
Trend Line :
Black Line : Sell Below Black Trend Line.
Red Line : Buy above Red Trend line.
Important Note:
More chances of Gap Down opening, and may see a reversal around 34600 to 34500 being Support Zone.
Need large volume to break 34500 as indicated by larger Red Arrow.
As the Resistance is building strong at 35000 level it seems that at least for first half market would be in down and sideways.
*Imp Note :
Support and Resistance Marked keeps on changing as the day progresses and new trader joining.
Strong Support and Resistance will act atleast for first half and may be broken with large volume as we saw in next half.
I hope you all like my analysis.
Please do share your thoughts into comment section.
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BankNifty 24/05/2021 Intraday LevelsHello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
As predicted in previous analysis, BnkNifty touched 34500 ....
Next Big Target would be 36000, if market sustains above 35100 for couple of days.
BnkNifty forming the Ascending Triangle Pattern ( ATP ), which basically is Bullish .
BankNifty to Open Gap UP .... Tomorrow ...!
Resistance Level :
1. 35000 is next strongest Resistance level .
3. Small resistance exists at 35500 and later at 36000 which is strong.
Support Level :
1. 34500 is Strong Support level .
2. 34000 is next Support Level .
Sideways Possibility :
More chances of sideways market, between 34500 and 35000.
Trend Line :
Buy Above 34700 Trend Line
Sell below trend line 34600 and 34500.
I hope you all like my analysis.
Please do share your thoughts into comment section.
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BankNifty 21/05/2021 IntraDay LevelsHello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
As predicted in Imp section Gap Filling was Done.
BankNifty to Open Gap UP .... Tomorrow... 150-200 pts.
Resistance Level :
1. 34000 to 34500 is next level of Resistance developing.
2. 34000 is strongest Resistance level .
3. Small resistance exists till 33500 and later at 33800.
Support Level :
1. 33200 to 33300 is next Support level .
2. 33300 is Strong Support level .
Sideways Possibility :
Less chances of sideways market.
Trend Line :
Buy Above 33550 and above Trend Line
Sell below 33000 and below trend line .
Will try to post in detail analysis in 15 min chart ..later..if possible.
I hope you all like my analysis.
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BankNifty 19/05/2021 Completed W PatternHello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
BankNifty to Open Gap Down ....
Forming W or Double Bottom pattern ... is Completed as Predicted in my previous analysis.
Target 34500.. 35000 .. in coming days if tomorrow BnkNifty Sustains above 34300.
Resistance Level :
1. 34000 to 34300 is next level of Resistance developing.
2. 34000 is strongest Resistance level .
Support Level :
1. 33800 to 33900 is Support level .
2. 33500 is next Support level.
Sideways Possibility :
More chances of Upward sideways market if sustains above 34300.
More chances of Downward sideways market if sustains above 33800.
Buy Above 34250 and Sell below 33800.
Most Important :
BnkNifty will try to fill the Gap created today. Just Avoid trading first 15 mins.
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Banknifty 17/05/2021Hello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
BankNifty is in DownTrend ... as indicated by indicator forrming Lower highs and Lower Lows...!
BankNifty to Open Gap Down ... with samll quantity.
Resistance Level :
1. 32300 to 32400 is next level of Resistance developing.
2. 32500 is other Strongest Resistance level .
Support Level :
1. 31900 to 32000 next Support level .
2. 32000 is Strong Support level, if this is broken then 31500 can be easily seen.
Sideways Possibility :
More chances of sideways market between Range 32000 - 32500.
Trend Line:
Buy Above trend line at 32100.
Sell below trend line at 31900.
Channel Trend :
Keep an eye on channel breakout as shown, more possibility of BreakDown as BnkNifty forming Head & Shoulder Pattern.. completing right Shoulder..
(See my other post related to Head & Shoulder pattern : Banknifty-17-05-2021-Head-Shoulder)
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Banknifty 17/05/2021 Head & ShoulderHello Everyone,
Hope you all are fit and fine ... Stay Safe and Trade safe...!
Banknifty forming Head & Shoulder pattern.
Almost, about to complete in couple of Days ...
32500 is Strong Support Near neck line of Head & Shoulder pattern, if this is broken with large volume then goood downward rally can be seen ... of about 500 to 700 pts.
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