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Bankniftyintradaysetup

Banknifty Intraday Levels Analysis, 4 FebHello 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 Gap Down near . 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.
NSE:BANKNIFTY
by kiranrshinde
BankNifty Expiry Trade Setup | 3rd FebBankNifty again opened with a Gap-up around 38750 and gave a good upmove, though the movement was very slow and Intraday Option Buyers didn't get much opportunity. Trades we took today - > Bought BankNifty 38900 PE at 360 which we booked with 50 points loss > Bought BankNifty 38700 CE at 580, it went above our First Target 640 and Traders booked profit in this Trade Overall, nothing much for BankNifty Option Buyers. Tomorrow, if BankNifty sustains above 38380 we may the 100 - 250 points upmove. Expectations for Tomorrow: Range-bound day, Volatality after 1:30 PM. Intraday Levels: Buy Above 39380 Sell Below 39000 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
2
BANKNIFTY Intraday Trade Setup For 04 Feb 2022BANKNIFTY Intraday Trade Setup For 04 Feb 2022 Buy-None Sell-Below 38850 Sl-38950 T-38600 38350 BANKNIFTY showed 2 way moves on Thursday expiry as we discussed yesterday. Planning was to buy above 38400 but 5 candle could not close above that level. Instead it made a shooting star at the level. As soon as the low of the reversal candle broke index fell from 38300 till 38870. Coming to Tomorrow's trade setup, the best trade will be in sell side. But index has to open flat. After opening flat if index crosses 38850 then we will sell immediately. 1st target will be the gap filling area near 38600-38500.Final target will be 38350-38300. For buying we need to wait till we get a good closing. Ideal trade in buy side will be above 39450 only. Best trade will be on flat opening only, Big gap or gap down will create volatility. And in that case we will wait till 10 o'clock and trade that range.
NSE:BANKNIFTY
by Omahto
BankNifty Intraday Trade Setup | 2nd FebBankNifty opened with a big Gap-up around 38500, made high around 36800 and low at 37690. Due to budget day, we saw a highly volatile session. We traded Stocks in Intraday and booked profit, didn't trade BankNifty today. Tomorrow, if BankNifty sustains above 38620 we may see 130 - 300 points upmove. Expectations for Tomorrow: Volatile day. Intraday Levels: Buy Above 38620 Sell Below 38300 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
6
BANKNIFTY Intraday Trade Setup For 03 Feb 2022BANKNIFTY Intraday Trade Setup For 03 Feb 2022 Buy-Above 39400 Sl-39300 T-39560 39785 40000 Sell-Below 39100 Sl-39200 T-39000 38800 BANKNIFTY as discussed that it is ready to give a breakout above 38900. BANKNIFTY moved 38900 to 39380+. Option buying was a bit tricky. Option selling gave very good profit as VIX crashed after the event. We planned not to sell aggressively. Only thing was index opened with a big gap up that is why momentum was less. This bull sentiment will continue above today's high. So, we will buy above 39400 for the target of 39550 and 39800 and 40000. Also trail sl to today's low who have longed after the breakout. For selling we need price action below 39200. Selling can be avoided as of now. However tomorrow is weekly expiry so we can see 2 way moves. Today was trending.
NSE:BANKNIFTY
by Omahto
2
BankNifty Intraday Trade Setup | 1st FebBankNifty opened with a Gap-up around 38100 and we again saw a choppy session. We saw selling in the morning session, BankNifty formed a low at 37647 and we saw a great recovery from lower levels. Trades we took today - > Bought BankNifty 38600 CE at 420, it went above our First Target 470 and Traders booked profit in this Trade > Bought BankNifty 37900 PE at 620, it went above our Last Target 750 and Traders booked great profit in this Trade > Bought BankNifty 38800 CE at 390 which we booked at 410 Overall, a good day for BankNifty Option Buyers. Tomorrow is a crucial day if BankNifty sustains above 38150, an upmove of 150 - 300 points is expected. Expectations for Tomorrow: Volatile day, Trending move after 1:00 PM. Intraday Levels: Buy Above 38150 Sell Below 37860 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BANKNIFTY Intraday Trade Setup For 02 Feb 2022BANKNIFTY Intraday Trade Setup For 02 Feb 2022 Buy-Above 38620 Sl-38500 T-38900 39180 39530 Sell-Below 38200 Sl-38300 T-38000 37700 38600 BANKNIFTY showed 2 way move in budget session. Morning move was fantastic and gave 500+ points profit. Then a reversal candle shooting - star was formed and market took complete U-Turn below that candle. Second trading session was volatile. We booked our long position before 10:30 after the reversal candle was formed and low was tested. For second trading session we planned for range shift trade. The range was formed of 580 points. And as soon as the budget speech ended. Market broke the lower range and fell sharply till 37700. But bulls once again took charge and pushed market above 38500.Market seems bullish as of now. No aggressive selling. Also the hourly range can be breached. Hourly upper range is 38900 , this range is tested 3 times. Chances of a good trending move above this range. Safe traders can enter above 38900. But we are planning to enter above 38620 only after the trendline will be broken. For selling below 38200 will play an important role. Short below 38200 for the target of 38000. No aggressive selling. Market has positioned itself at a verge of breakout. Best trade is in buy side.
NSE:BANKNIFTY
by Omahto
2
BankNifty Intraday Trade Setup | 31st JanuaryBankNifty opened with a Gap-up and faced resistance in 38400 zones. BankNifty was trading in a range for the first half, it broke the range on the lower side and we saw a great fall in the second half. Trades we took today - > Bought BankNifty 38700 CE at 540 and added more at 490, it made a high around 560 and Traders booked small profit in this Trade Got good opportunity in Nifty hence gave preference to Nifty Options. Tomorrow, if BankNifty sustains below Friday's low 34580 we may see an up-upmove for 130-280 points. Expectations for Tomorrow: Volatile day Intraday Levels: Buy Above 37900 Sell Below 37580 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
4
BankNifty Intraday Trade Setup | 28th JanuaryBankNifty opened with a Gap-down below 37400 and formed a low near 37050-37000 zone which was psychological support. BankNifty showed a great recovery from lower levels and we saw a rally in the last 2 hours as expected. Trades we took today - > Bought BankNifty 36600 PE at 410, it made a high above our Last Target 510 and Traders booked great profit in this Trade > Bought BankNifty 36800 PE at 480, it made a high above our Last Target 580 and Traders booked great profit in this Trade > Bought BankNifty 37700 CE at 570, it made a high above our Last Target 680 and Traders booked great profit in this Trade > Bought BankNifty 37000 PE at 440 which we booked with 20 points loss > Bought BankNifty 38000 CE at 640, it made a high above our Last Target 790 and Traders booked great profit in this Trade Overall, a Great Day for BankNifty Option Buyers. Tomorrow, if BankNifty opens flat and sustains above 38120 we may see a follow-up upmove for 130-300 points. Expectations for Tomorrow: Volatile day Intraday Levels: Buy Above 38120 Sell Below 37780 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
Simple Trade Setup | BANKNIFTY | 28-01-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1 hr time frame, it finally came decisively above the resistance channel. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for 28-01-2022 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.
NSE:BANKNIFTY
by Trading_hawk
BankNifty Expiry Trade Setup | 27th JanuaryBankNifty opened a flat and formed a low near 36400 zones in the first candle but didn't break Monday's low and we saw great upmove from lower levels. We saw a short-covering move in the second half and BankNifty closed in green with more than 750 points. Trades we took today - > Bought BankNifty 37100 CE at 420, it made a high above our last Target 550 and Traders booked great profit in this Trade > Bought BankNifty 37100 CE again at 490, it made a high above our first Target 550 and Traders booked profit in this Trade > Bought BankNifty 37500 PE again at 360, it made a high around our first Target 400 and Traders booked profit in this Trade > Bought BankNifty 37300 CE at 410, it made a high around our Last Target 520 and Traders booked profit in this Trade Overall, a Great Day for BankNifty Option Buyers. Tomorrow, if BankNifty opens flat and sustains above 37780 we may see a follow-up upmove for 120-250 points. Expectations for Tomorrow: Range-bound Day, Volatality after 1:00. Intraday Levels: Buy Above 37780 Sell Below 37400 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
Simple Trade Setup | BANKNIFTY | 27-01-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1 day time frame, it closed just above 100DMA. And also it made bullish engulfing candle. And it managed to close above 37700 level. Please refer below chart : 1day Time Frame. 2) On 15 min time frame, it closed above the resistance channel. And also it made rounding bottom pattern and closed just above the neckline of it. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for 27-01-2022 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.
NSE:BANKNIFTY
by Trading_hawk
BankNifty Intraday Trade Setup | 24th JanuaryBankNifty opened with a gap-down below Thursday low 37600, we saw further selling at open and BankNifty made low around 37200 in first 15 mins. BankNifty traded in a range-through out the day. We saw a sharp up move in the last 30 mins and many Traders would have bought it at the end of the day. If BankNifty sustains Friday low 37220, we may see a fast downmove. Expectations for Tomorrow: Volatile day. Intraday Levels: Buy Above 37720 Sell Below 37220 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
4
Simple Trade Setup | BANKNIFTY | 25-01-2022 [INTRADAY] NSE:BANKNIFTY Observations: 1) On 1 day time frame, we can see it closed below 100 EMA Please refer below chart : 1day Time Frame. 2) On 1 hr time frame we can see that it is now at the support channel. If it trades below this and gives breakdown then the fall may come. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for 25-01-2022 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.
NSE:BANKNIFTY
by Trading_hawk
BankNifty Intraday Trade Setup | 21st January 2022BankNifty opened with a minor gap-up near 38150, we saw selling in the morning and BankNifty broke our selling level 37800 and made a low around 37600. Trades we took today - > Bought BankNifty 38300 CE at 390 which went to our 1st Target 430 and Traders booked profit in this Trade > Bought BankNifty 38000 PE at 410 which went to our 1st Target 470 and Traders booked profit in this Trade > Bought BankNifty 38300 CE again at 350 which we booked with 30 points loss As the trend was clear in Nifty we took more trades in Nifty. Tomorrow, we may see an upmove for 150-250 points if BankNifty sustains above 37950. Expectations for Tomorrow: Trend day. Intraday Levels: Buy Above 37950 Sell Below 37770 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
BankNifty Expiry Trade Setup | 20th January 2022BankNifty opened with a minor gap-down and we saw high volatility in the morning session. BankNifty was trading in a range with choppy moves. Trades we took today - > Bought BankNifty 38400 PE at 440 which we booked with 50 points loss > Bought BankNifty 37800 CE at 470 which we booked with 50 points loss > Bought BankNifty 38400 PE again at 490 which we booked with 50 points loss > Bought BankNifty 38600 PE at 470 which went above our 2nd Target 610 and Traders booked profit in this Trade > Bought BankNifty 37800 CE at 390 which went above our 1st Target 460 and Traders booked profit in this Trade > Bought BankNifty 38400 PE at 470 which went above our Last Target 630 and Traders booked profit in this Trade Overall, Choppy Day for BankNifty Option Traders. Tomorrow, we may see an upmove for 150-250 points if BankNifty sustains above 38150. Expectations for Tomorrow: Range-bound Day, Volatality after 1:00. Intraday Levels: Buy Above 38150 Sell Below 37800 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
BankNifty Intraday Trade Setup | 19th January 2022BankNifty opened with a minor gap-up, after some consolidation BankNifty sustained above our Buy level 38400 and we saw a big trending upmove and BankNifty hit all marked targets on the chart. Trades we took today - > Bought BankNifty 38200 CE at 390 which went above our First Target 440 and Traders booked profit in this Trade > Bought BankNifty 38200 CE again at 360 which went above our First Target 400 and Traders booked profit in this Trade > Bought BankNifty 38200 CE again at 360 which went above our Last Target 480 and Traders booked profit in this Trade > Bought BankNifty 38300 CE at 400 which went above our Last Target 495 and Traders booked profit in this Trade > Bought BankNifty 38300 CE at 400 which we booked with 60 points loss Overall, BankNifty Option Traders booked great profits. Tomorrow, we may see a fast down-move if BankNifty breaks 38100 in the morning. Expectations for Tomorrow: Volatile Day. Intraday Levels: Buy Above 38450 Sell Below 38100 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
Simple Trade Setup | BANKNIFTY | 20-01-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 20-01-2022 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.
NSE:BANKNIFTY
by Trading_hawk
2
BankNifty Intraday Trade Setup | 18th January 2022BankNifty opened flat and we saw huge volatility in the morning due to HDFCBank as expected. BankNifty lost all morning gains and closed in the red. Trades we took today - > Bought BankNifty 38300 CE at 370 which went above our Last Target 510 but due to fast movement, only a few Traders could take this Trade > Bought BankNifty 38600 PE at 430 which made a high above our Last Target 550 and Traders booked profit in this Trade > Bought BankNifty 38400 PE at 410 which we booked with 15 points loss due to slow movement > Bought BankNifty 38300 CE at 310 which went above our First Target 350 and Traders booked profit in this Trade > Bought BankNifty 38400 PE again at 380 which went near to our First Target 440 and Traders booked small profit in this Trade Overall, Traders booked small profits on a choppy day. Tomorrow, we may see a fast down-move if BankNifty breaks 38150 in the morning. Expectations for Tomorrow: Range-bound Day. Intraday Levels: Buy Above 38400 Sell Below 38150 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
8
BankNifty Intraday Trade Setup | 17th January 2022BankNifty opened with a Gap-down below our Sell Level 38370, we saw selling on the morning session and BankNifty made low around 38000 which was a psychological support level and we saw great recovery for more than 400 points from lower levels. Trades we took today - > Bought BankNifty 38300 PE at 470 which we booked with 70 points loss > Bought BankNifty 38300 PE at 430 which made a high around 540 and Traders booked profit in this Trade > Bought BankNifty 38000 CE at 510 which made a high around 700 and Traders booked profit in this Trade > Bought BankNifty 38200 CE at 410 which we booked with 60 points loss Overall, Traders made some losses in morning trades but turned that into profit in the second half. Tomorrow, BankNifty is expected to open with a Gap-up or Gap-down due to HDFCBank Result. Expectations for Tomorrow: Volatile Day. Intraday Levels: Buy Above 38450 Sell Below 38270 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
2
BankNifty Intraday Trade Setup | 14th January 2022BankNifty opened with a small Gap-down and we saw selling in the morning towards the 38400 zones which acted as support and BankNifty remained in a 100-150 points range throughout the day. Trades we took today - > Bought BankNifty 38700 PE at 520 which went towards our First Target 570 and Traders booked profit in this Trade > Bought BankNifty 38800 CE at 400 which went above our First Target 450 and Traders booked profit in this Trade > Bought BankNifty 38700 CE at 400 which we booked with 10 points loss as there was not much movement > Bought BankNifty 38500 PE at 430 which went towards our Second Target 500 and Traders booked profit in this Trade Today was a weekly expiry and we always trade the next week option to avoid fast premium decay in the range-bound market. Overall, a range-bound expiry though Traders booked some profit. Today's low is important, if BankNifty breaks 38370 we may see a fast down move for 120 - 250 points. Expectations for Tomorrow: Trending Day. Intraday Levels: Buy Above 38600 Sell Below 38370 To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
Simple Trade Setup | BANKNIFTY | 17-01-2022 [INTRADAY]NSE:BANKNIFTY Most of levels and trade setup remains same as per previous. Trade Setup for 17-01-2022 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.
NSE:BANKNIFTY
by Trading_hawk
5