BankNifty Intraday Trade Setup | 7th MarchBankNifty opened with a gap-down around 34600 zones and we saw selling from open which bought BankNifty to 34094 and BankNifty gave almost 1000 points bounce from that zone. Though we again saw selling after 2:00 PM and BankNifty fell more than 600 points from day high.
Trades we took today -
> Bought BankNifty 33900 PE at 540 which we booked with 50 points loss
> Bought BankNifty 33900 PE at 480, it went near to our Last Target 580 and Traders booked great profit
> Bought BankNifty 34100 PE at 405 which we booked with 45 points loss
Overall it was a highly volatile and average day for BankNifty Option Buyers.
Tomorrow if BankNifty sustain below 34100, we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 34600
Sell Below 34100
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bankniftyintradaysetup
BankNifty Intraday Trade Setup | 4th MarchBankNifty opened with a gap-up at 35683 and made high around 35800 but couldn't sustain at upper levels and we saw selling since open which took BankNifty towards 34900 zones. 34900 is strong support and BankNifty gave bounce towards 35100 a couple of times.
Trades we took today -
> Bought BankNifty 35600 PE at 160, it went above our Last Target 245 and Traders booked profit
> Bought BankNifty 35200 CE at 260 which we booked with 40 points loss
> Bought BankNifty 35600 PE at 410, it went above our Last Target 520 and Traders booked great profit
> Bought BankNifty 35000 PE at 290, it went above our Last Target 390 and Traders booked great profit
> Bought BankNifty 35600 PE at 350, it went above our Last Target 435 and Traders booked profit
> Bought BankNifty 34900 PE at 60, it went above our 3rd Target 130 and Traders made 100% profit
> Bought BankNifty 35300 CE at 45, it went near to our 2nd Target 90 and Traders made good profit
Overall, BankNifty Option Buyers booked insane profits today.
Tomorrow if BankNifty sustain below 34870, we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 35050
Sell Below 34870
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 25th FebBankNifty opened with a huge gap-down around 36200 as Russia invaded Ukraine, initially BanKNifty showed some bounce to tired to hold and due to fear, high selling pressure was there and BankNifty broke all the supports on the downside.
Trades we took today -
> Bought BankNifty 36000 CE at 250 which we booked with 40 points loss
> Bought BankNifty 36200 PE at 360, it went above our Last Target 490 and Traders booked great profit
> Bought BankNifty 36000 PE at 140, it went above our Last Target 230 and Traders booked great profit
Overall, BankNifty Option Buyers booked great profit yesterday.
SGX Nifty indicates a gap-up opening, if BankNifty sustains above 35800 we may see an upmove.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 35800
Sell Below 35500
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Expiry Trade Setup | 24th FebBankNifty opened with a gap-up above 37600 and faced rejection in the 37800 zones. BankNifty was trading in 200 points range which it broke in the last 30 mins.
Trades we took today -
> Bought BankNifty 37700 PE at 330 which we booked with 20 points loss
> Bought BankNifty 38000 PE at 410, it went above our Last Target 525 and Traders booked great profit
> Bought BankNifty 37600 PE at 290, added more at 270 and we booked it around cost due to slow movement
> Bought BankNifty 37300 CE at 440, it went above our Last Target 560 and Traders booked great profit
Overall, it was a choppy day for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains below 37300 we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 37480
Sell Below 37300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 23rd FebBankNifty opened with a big gap-down and made low near 36800 zones which is strong support and BankNifty showed approx. 800 points upmove from lower levels though we again saw the rejection at 37650 zones.
Trades we took today -
> Bought BankNifty 36800 PE at 350, it went above our 1st Target 400 and Traders booked great profit
> Bought BankNifty 37200 PE at 400, it went above our 3rd Target 480 and Traders booked great profit
> Bought BankNifty 37000 PE at 360 which we booked with 60 points loss
> Bought BankNifty 37300 CE at 440, it went above our Last Target 560 and Traders booked great profit
Overall, BankNifty Option Buyers booked good profit.
Tomorrow, if BankNifty sustains below 37180 we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 37500
Sell Below 37180
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 22nd FebBankNifty opened with a minor Gap-down below 37500 and made a low in the morning at 37156. BankNifty showed good 900 points upmove from lower levels but again faced rejection at 38050 zones.
Trades we took today -
> Bought BankNifty 37400 PE at 450, it went to our Last Target 560 and Traders booked great profit
> Bought BankNifty 37200 PE at 460 which we booked with 20 points loss
> Bought BankNifty 38000 CE at 390, it went to our 1st Target 450 and Traders booked profit
Overall, BankNifty Option Buyers booked profit on a highly volatile day.
Tomorrow, if BankNifty sustains below 37590 we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 37820
Sell Below 37590
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 21st FebBankNifty opened with a minor Gap-up but we saw selling in the morning and made low near 37300 zones. BankNifty showed a good recovery from lower levels for 500 points and we again saw the rejection in the last hours.
Trades we took today -
> Bought BankNifty 37200 PE at 510 which we booked with 60 points loss
> Bought BankNifty 37100 PE at 450 which we booked with 50 points loss
> Bought BankNifty 37800 CE at 450, it went to our 3rd Target 540 and Traders booked good profit
Overall, it was a choppy day for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains below 37300 we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 37680
Sell Below 37300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 18th FebBankNifty opened with a minor Gap-up and faced resistance at 38150 zones. We saw good selling in the morning and BankNifty came down near to 37500 zones. We saw a good recovery of more than 400 points from lower levels but it again faced rejection and closed near day low.
Trades we took today -
> Bought BankNifty 38400 PE at 420 which we booked with 60 points loss
> Bought BankNifty 37500 CE at 360 which we booked with 40 points loss
> Bought BankNifty 38000 CE at 60, it went above our 2nd Target 125 and Traders booked profit
> Bought BankNifty 37500 CE at 370 which we booked with 50 points loss
Overall, it was a bad day for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains below 37450 we may see a fast down move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 37750
Sell Below 37450
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Expiry Trade Setup | 17th FebToday was a roller coaster ride, BankNifty opened with a Gap-up above 38400 and we saw selling in the morning towards 37760 zones. BankNifty showed great recovery from lower level for approx. 700 points but we again saw the rejection and saw 600 points fall.
Trades we took today -
> Bought BankNifty 38100 CE at 390 which we booked with 40 points loss
> Bought BankNifty 38500 PE at 380, it went above our Last Target 490 and Traders booked profit
> Bought BankNifty 38000 CE at 310 and we added more at 270. It made a high above 500 and Traders booked profit
> Bought BankNifty 38300 PE at 480, it went above our 1st Target 540 and Traders booked profit
> Bought BankNifty 38000 CE at 300, it went above our Last Target 395 and Traders booked great profit
> Bought BankNifty 38100 CE at 400, it went above our 1st Target 460 and Traders booked profit
Overall, wonderful day for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains below 37750 we may see a fast down move.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:15 PM.
Intraday Levels:
Buy Above 38150
Sell Below 37750
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 16-02-2022 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1day time frame, we can see that it closed just below the upper trendline of the resistance channel.
If it sustain above it and takes support from this upper trendline then we can see upmove to continue.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for 16-02-2022
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 For 16 Feb 2022BANKNIFTY Intraday Trade Setup For 16 Feb 2022
Buy-Above 38250
Sl-38150
T-38500 38800 39000
Sell-Below 37900
Sl-38000
T-37600 37400
BANKNIFTY has formed a big bullish candle today. It was a short covering move of more than 1250 points. We planned to sell below 36800. It can more than 150 points profit. Then we found a double bottom after 11 o'clock. As soon as neckline broke our buy trade initiated and index gave a non-stop rally after that. It was a very good profitable day.
Coming to tomorrow's trade setup , we will buy if index opens flat or below today's high and crosses above 38250. First target will be the gap area near 38500 level. Then if 38500 is sustained then again it can move to 38800 and 39000.
For selling we need a range above 38000. And on breakdown of this range below 37900 we will sell for the target of 37600 and 37400.
BankNifty Intraday Trade Setup | 16th FebBankNifty opened with a Gap-up and we saw rejection in the morning from the 37170 zones. Today was a volatile day, BankNifty broke yesterday low and then gave a sharp recovery of 1500 points.
Trades we took today -
> Bought BankNifty 37000 PE at 360, it went above our Last Target 465 and Traders booked great profit in this Trade
> Bought BankNifty 36900 PE at 470 which we booked with a minor profit of around 495
> Bought BankNifty 37000 PE at 380, it went above our 1st Target 420 and Traders booked profit in this Trade
> Bought BankNifty 37200 PE at 430 which we booked with 60 points loss
> Bought BankNifty 37200 CE at 420, it went above our Last Target 520 though we booked it near 440 due to slow movement
> Bought BankNifty 37400 PE at 380, it went above our 1st Target 420 and Traders booked profit in this Trade
Overall, great day and BankNifty Option Buyers booked profit.
Tomorrow, if BankNifty sustains above 38220, we may see a follow-up upmove. We are seeing high volatility due to Russia Ukraine new, trade with caution.
Expectations for Tomorrow: Volatile Day
Intraday Levels:
Buy Above 38220
Sell Below 37850
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 15th FebBankNifty opened with a big Gap-down below the yellow support trend line due to Global cues, and we saw further falling towards the 37220 zone which acted as support but BankNifty broke this around 2:00 and closed near day low.
Trades we took today -
> Bought BankNifty 37400 CE at 460, it went above our 2nd Target 540 and Traders booked profit in this Trade
> Bought BankNifty 37300 PE at 420 which we booked around cost due to slow movement
> Bought BankNifty 37600 CE at 320 which we booked with a small profit at 350
We took lesser trades as it was a volatile day and BankNifty Option Buyers booked small profit.
Tomorrow, if BankNifty breaks today's low 36800 we may see a fast down move again.
Expectations for Tomorrow: Volatile Day
Intraday Levels:
Buy Above 37050
Sell Below 36800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 14th FebBankNifty opened with a big Gap-down due to Global cues, in opening it was looking stronger in comparison of Nifty but it also came under selling pressure and made low at 38396. BankNifty showed good recovery from lower levels but again faced rejection near day high.
Trades we took today -
> Bought BankNifty 38700 PE at 460 which we booked with a small profit at 490
> Bought BankNifty 38800 CE at 380 which we booked with a small profit at 425
Overall, BankNifty Option buyers booked small profit. View in Nifty was clear so booked great profit in Nifty.
Tomorrow, SGX showing another big gap-down opening. If BankNifty breaks 38190, we may see a fast-down move towards the 38050 - 38000 zone.
Expectations for Tomorrow: Volatile Day
Intraday Levels:
Buy Above 38535
Sell Below 38190
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 11th FebBankNifty opened with a Gap-up, in the morning we saw some selling towards 38520 zones and then BankNifty showed the big upmove after RBI Policy.
Trades we took today -
> Bought BankNifty 38300 CE at 410 which we booked with a small profit at 450
> Bought BankNifty 38400 CE at 430 which we booked with 40 points loss
> Bought BankNifty 39200 CE at 70, it went above our 1st Target 100 and Traders booked profit
> Bought BankNifty 38600 CE at 410, it went above our Last Target 520 and Traders booked great profit
Overall, BankNifty Option buyers booked great profit.
Tomorrow, if BankNifty sustains above 39200 we may see a follow-up upmove.
Expectations for Tomorrow: Trending Day
Intraday Levels:
Buy Above 39200
Sell Below 38880
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 11-02-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 11-02-2022
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 Expiry Trade Setup | 10th FebBankNifty opened with a Gap-up near our Buy level 38220 and gave a good upmove towards the 38530 zones, after moving in minor a range BankNifty gave the breakout and closed near day high.
Trades we took today -
> Bought BankNifty 38600 PE at 440 and added more near 400, it went to our 1st Target 490 and Traders booked profit
> Bought BankNifty 38800 PE at 480 which we booked with 50 points loss
> Bought BankNifty 38500 PE Feb Month Expiry at 660, it went above our 2nd Target 750 and Traders booked profit
> Bought BankNifty 38000 CE at 480, it went above our 2nd Target 560 and Traders booked profit
Overall, a choppy day but we booked good profit in the BankNifty Option.
Tomorrow, if BankNifty sustains above 38660 we may see a follow-up upmove.
Expectations for Tomorrow: Range-bound day, Volatality after 12:00 PM. RBI Policy would be announced tomorrow around 11:30 AM and the market can be highly volatile during that time.
Intraday Levels:
Buy Above 38660
Sell Below 38470
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 10-02-2022[INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1day time frame, it again gave closing above resistance channel with good bullish candle.
Please refer below chart : 1day Time Frame.
-------------------------------------
Trade Setup for 10-02-2022
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 | 9th FebBankNifty opened with a Gap-up but faced resistance at 38200 - 38220 zone and we saw a sell-off at open which brought BankNifty towards 37300 zones. BankNifty took supper near the yellow trendline and showed a great recovery of more than 700 points.
Trades we took today -
> Bought BankNifty 38000 CE at 430 which we booked with 60 points loss
> Bought BankNifty 38100 PE at 460, it went above our Last Target 580 and Traders booked great profit
> Bought BankNifty 37700 PE at 450, it went above our Last Target 560 and Traders booked great profit
> Bought BankNifty 37500 CE Feb Month at 770, it went above our Last Target 960 and Traders booked great profit
> Bought BankNifty 38000 PE at 490 which we booked with 50 points loss
> Bought BankNifty 38000 PE again at 430, it went above our 3rd Target 540 and Traders booked great profit
Overall, a great day for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains above 38220 we may see a short-covering upmove.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 38220
Sell Below 37880
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANKNIFTY Intraday Trade Setup For 10 Feb 2022BANKNIFTY Intraday Trade Setup For 10 Feb 2022
Buy-Above 38650
Sl-38550
T-38775 38900 39000
Sell-Below 38500
Sl-38600
T-38300 38200 38000
As we discussed yesterday that BANKNIFTY has made a hammer in daily TF. And above hammer's high , we will see upside momentum. We discussed to buy above 38225.Index gave more than 350 points profit in buy side. Index was sideways for a long period of time in intraday.
Index has closed at higher levels. Above today's high we will simply buy for the target of 38800 and 39000. Ideal trade will be on flat opening , then if crosses today's high we will buy.
But if index opens flat and consolidates between 38650 and 38550 and crosses 38500 in the lower side. Then we will sell for the target of 38300 and 38200. Momentum in the downside will be seen below 38350 only. But we are planning to sell below 38500, this is aggressive trade. And remember that it should make a small range then break 38500.
Tomorrow is expiry do trade carefully. If Index opens with big gap up or gap down. Then we will wait till 10 o'clock then trade that range.
BankNifty Intraday Trade Setup | 8th FebBankNifty opened with a minor Gap-down, saw selling since morning and BankNifty kept forming lower lows throughout the day.
Trades we took today -
> Bought BankNifty 38800 PE at 400, it went above our Last Target 520 and Traders booked great profit
> Bought BankNifty 38800 PE at 440, it went above our Last Target 570 and Traders booked great profit
Overall great day for BankNifty Option Buyers, booked wonderful profit in morning trades.
Tomorrow, if BankNifty breaks 37800 we may again see a fast down move.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 38100
Sell Below 37800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 7th FebBankNifty opened with a Gap-up, again faced resistance around 39300 zones and we again saw a good down move from upper levels.
Trades we took today -
> Bought BankNifty 39300 CE at 410 which we booked with 60 points loss
> Bought BankNifty 39100 CE at 380, it went above our Last Target 4865 and Traders booked great profit
> Bought BankNifty 39800 PE at 520, it went above our First Target 590 and Traders booked profit
> Bought BankNifty 38800 PE again at 530 which we booked with minor 40-50 points profit
Overall great day for BankNifty Option Buyers.
Tomorrow, if BankNifty breaks 38690 we may again see a fast down move of 110-250 points.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 38920
Sell Below 38690
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 4th FebBankNifty opened with a minor Gap-down around 38280 and trading in a range for the first half. BankNifty made a high around 39420 and we saw a big rejection from upper levels.
Trades we took today -
> Bought BankNifty 39900 PE at 520, it went above our Last Target 620 and Traders booked great profit
> Bought BankNifty 38800 CE at 550 which we booked with 60 points loss
> Bought BankNifty 39200 CE at 200, it went above our 2nd Target 270 and Traders booked great profit
> Bought BankNifty 39200 CE at 350 which we booked with 30 points loss
> Bought BankNifty 39200 PE at 70 as Hero Zero, it went above our Last Target 175 and Traders booked great profit
Overall good day for BankNifty though we booked greater profit in Nifty.
Tomorrow, if BankNifty breaks 38900 on the downside we may see a quick 100-250 points move but be cautious as it is also a support zone.
Expectations for Tomorrow: Trending day.
Intraday Levels:
Buy Above 39220
Sell Below 38900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team