Simple Trade Setup | BANKNIFTY | 13-01-2022 [ INTRADAY ]NSE:BANKNIFTY
Trade Setup for 13-01-2022
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.
Bankniftyintradaysetup
BankNifty Intraday Trade Setup | 11th January 2022BankNifty opened with a big Gap-up around 37950, gave follow-up upmove in the morning and we saw some selling but again taken support near morning low and closed above 38300.
Trades we took today -
> Bought BankNifty 38000 CE at 490 which we booked with 60 points loss
> Bought BankNifty 38400 CE at 290 which we booked with 30 points loss
> Bought BankNifty 38300 PE at 420 which went above our 3rd Target 540 and Traders booked great profit in this Trade
> Bought BankNifty 37800 CE at 470 which made a high above our Last Target 570 and Traders booked great profit in this Trade
> Bought BankNifty 38100 CE at 380 which made a high above our Last Target 490 and Traders booked great profit in this Trade
Overall, a Great day for BankNifty Option Buyers.
Tomorrow, we may see an upmove above 38400 but trade small qty as BankNifty already moved around 3000 points in last 7 sessions.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 38400
Sell Below 38090
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 12-01-2022 [INTRADAY]NSE:BANKNIFTY
Most of all the levels and trade setup remains same as per previous.
Trade Setup for 12-01-2022
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.
BankNifty Intraday Trade Setup | 10th January 2022BankNifty opened with a Gap-up opening above our Buy level 37600 and BankNifty gave 500 points upmove in the morning. We saw a sharp sell-off around 10:30 but closed 250 points in green.
Trades we took today -
> Bought BankNifty 37700 PE at 390 which we booked with 50 points loss
> Bought BankNifty 37800 PE at 360 which we booked with 30 points loss
> Bought BankNifty 38000 PE at 440 which went above our Last Target 575 and Traders booked great profit in this Trade
> Bought BankNifty 37700 PE at 380 which made a high around out 2nd Target 470 and Traders booked good profit in this Trade
> Bought BankNifty 37800 CE at 350 which made a high above our 3rd Target 445 and Traders booked good profit in this Trade
Overall, a Great day for BankNifty Option Buyers.
Tomorrow, we may see a good down-move once BankNifty breaks the lower yellow support line.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 37830
Sell Below 37600
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 10-01-2022 [ INTRADAY ]NSE:BANKNIFTY
Observations:
1) On 1 week time frame, it is just below the FIB 50% retracement level and made a good bullish weekly candle giving closing above 61.80% FIB retracement level.
Please refer below chart : 1 week Time Frame.
2) On 1 day time frame, it has managed to give closing above 100DMA in last 3 trading session.
Major good up move can be seen on above 38150 level only.
100DMA is placed at 37302.69 level. Which can work as immediate support.
Please refer below chart : 1 day Time Frame.
3) On 15min time frame,it has formed Bearish flag and pole kind of pattern. If this pattern gets activated then we can see down fall.
Please refer below chart : 15 min Time Frame.
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Trade Setup for 10-01-2022
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.
BankNifty Intraday Trade Setup | 7th January 2022BankNifty opened with a Gap-down opening due to weak global cues, BankNifty made a low around 37050 and we saw a great recovery from lower levels and BN gave almost 700 points upmove.
Trades we took today -
> Bought BankNifty 37300 PE 13th Jan at 440 which we booked at a cost due to slow movement in the morning
> Bought BankNifty 37500 CE 13th Janat 390 which we booked with 50 points loss
> Bought BankNifty 37300 CE 13th Janat 460 which made a high above our last Target 580 and Traders booked great profit in this Trade
> Bought BankNifty 37300 PE at 110 which made a high above our last Target 150 and Traders booked great profit in this Trade
Overall, Choppy Day but BankNifty Option Buyers booked Great Profits in the second half.
For Tomorrow 37370 is important to hold, we may see a good down move below that level.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 37600
Sell Below 37370
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANKNIFTY Intraday Trade Setup For 07 Jan 2022BANKNIFTY Intraday Trade Setup For 07 Jan 2022
Buy-Above 37870
Sl-37770
T-38045 38240
Sell-Below 37300
Sl-37400
T-37060 36887
BANKNIFTY has made a big range in today's expiry session. The gap has been filled in intraday only. No buying till 37800 is breached in 15 Min TF. While we will sell below 37300 for the target of 200 points.
No aggressive positions here. As it will consolidate here after it has run so much.
Best trade will be on buy side.
Simple Trade Setup | BANKNIFTY | 07-01-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 07-01-2022
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.
BankNifty Expiry Trade Setup | 6th January 2022BankNifty opened flat, started moving upside since opening and we again saw a great 1000 points move.
Trades we took today -
> Bought BankNifty 37300 PE at 340 which we went above 400 and Traders booked profit in this Trade
> Bought BankNifty 36900 CE at 490 which made a high above our last Target 625 and Traders booked great profit in this Trade
> Bought BankNifty 37000 CE at 440 and added more at 390 which we booked with minor profit
> Bought BankNifty 37700 PE at 430 which we booked with 70 points loss
> Bought BankNifty 37100 CE at 420 which made a high above our last Target 550 and Traders booked great profit in this Trade
> Bought BankNifty 37300 CE at 490 which made a high around our 2nd Target 600 and Traders booked great profit in this Trade
> Bought BankNifty 38000 PE at 300 which made a high above our last Target 425 and Traders booked great profit in this Trade
Overall, Today BankNifty Option Buyers booked Wonderful Profits.
If BankNifty sustains above 37820 we can again expect 150-250 points upmove but 38000 would act as psychological resistance so be cautious in that zone.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:15 PM.
Intraday Levels:
Buy Above 37820
Sell Below 37500
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 5th January 2022BankNifty opened flat and after a choppy move in the morning, BankNifty gave a good up-move and faced resistance around our last level 36880 and remained in the range.
Trades we took today -
> Bought BankNifty 35400 CE at 390 which we booked with 50 points loss
> Bought BankNifty 36800 PE at 430 which we booked with 40 points loss
> Bought BankNifty 36500 CE at 360 which we booked with 40 points loss
Overall, it was a bad day for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains above 36900 in the morning we may see another 150-300 points upmove but remain cautious as 37000 is psychological resistance.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36900
Sell Below 36700
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 05-01-2022[INTRADAY]NSE:BANKNIFTY
Trade Setup for 05-01-2022
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.
BankNifty Intraday Trade Setup | 4th January 2022BankNifty opened with a minor gap-up today near 356100, we saw a minor dip in the morning and then it was a trending day and BankNifty was forming higher highs throughout the day.
Trades we took today -
> Bought BankNifty 35400 CE at 480 which we booked with 50 points loss
> Bought BankNifty 35700 PE at 360 which we booked with 30 points loss
> Bought BankNifty 35700 CE at 460 which made a high above 560 and Traders booked great profit in this Trade
> Bought BankNifty 36200 CE at 300 which made a high above 420 and Traders booked great profit in this Trade
> Bought BankNifty 36200 PE at 340 which we booked with 15 points loss
Overall, a great day for BankNifty Option Buyers.
Tomorrow, if BankNifty sustains above 36500 in the morning we may see another 120-250 points upmove.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36500
Sell Below 36270
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 04-01-2022[INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1 day time frame, it gave good bullish move after trading above 200DMA. 200DMA will be major support now.
But it is still below 100DMA. 100DMA will be major resistance now.
Please refer below chart : 1 day Time Frame.
2) Also On 1day time frame, it gave breakout of resistance channel with good bullish candle.
In worst case it may go to test the upper trendline of the resistance channel to make it as a support.
Please refer below chart : 1day Time Frame.
3) Also on 1 day time frame, it is near the zone from where is has been giving down move in recent past.
Good bullish move only on sustainable breakout of this zone.
This zone is placed in 36510-36665.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date: 04-01-2022
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.
BankNifty Intraday Trade Setup | 3rd January 2022BankNifty opened flat today and gave a great rally in the morning 30 mins, post that it was trading in a range.
Trades we took today -
> Bought BankNifty 35200 PE at 370 which we booked with 40 points loss
> Bought BankNifty 35300 PE at 360 which we booked with 30 points loss
> Bought BankNifty 35500 CE at 440 and we added more at 380 which we booked at a cost due to slow movement
> Bought BankNifty 35400 CE at 420 which went towards 500 and Traders booked good profit in this Trade
> Bought BankNifty 35600 PE at 390 which went above 450 but we asked Safe Traders to exit at cost as there was no movement
Overall, a choppy day for BankNifty Option Buyers.
BankNifty has given the Breakout and we can see another good move on the upside if it Breaks 35600.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 35600
Sell Below 34350
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Expiry Trade Setup | 30th DecemberBankNifty opened flat today, it went down towards 35050 zones which provided support and we saw a great bounce towards the 35350 zones.
Trades we took today -
> Bought BankNifty 35000 CE at 280 which made a high above 400 and Traders booked great profit in this Trade
> Bought BankNifty 35500 PE at 370 which we booked with 40 points loss
> Bought BankNifty 35400 PE at 440 which made a high above 600 and Traders booked great profit in this Trade
> Bought BankNifty 35000 CE 6th Jan at 610 which we booked at cost due to slow movement
> Bought BankNifty 35600 PE at 430 which made a high above 500 and Traders booked good profit in this Trade
Overall, a Great day for BankNifty Option Buyers.
Tomorrow if BankNifty breaks 34900 on the downside, we can see a fast down move.
Expectations for Tomorrow: Range-bound Day, Volatility after 1:30 PM.
Intraday Levels:
Buy Above 35250
Sell Below 34900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 29th DecemberBankNifty opened with a Gap-up above 35300 and remained in the 200-250 points range throughout the day.
Trades we took today -
> Bought BankNifty 35400 PE at 350 which made a high around 430 and Traders booked good profit in this Trade
> Bought BankNifty 35100 CE at 400 which we booked with 40 points loss
> Bought BankNifty 35400 PE again at 380 which made a high above 510 and Traders booked great profit in this Trade
> Bought BankNifty 35400 PE at 360 which made a high above 410 and Traders booked good profit in this Trade
> Bought BankNifty 35100 CE at 350 which made a high above 400 and Traders booked good profit in this Trade
Overall, a good day for BankNifty Option Buyers.
Tomorrow if BankNifty sustains above 35250, we can see a follow-up up-move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 35250
Sell Below 35000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 30-12-2021[INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1 day time frame, it closed just above the low of previous day. Which was at 35037.
If it gets support from this level then it can bounce back again and if it failed to hold this then it can give fall.
And it is still trading below 10EMA and 200DMA.
Please refer below chart : 1 day Time Frame.
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Trade Setup for Date: 30-12-2021
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 | 28th DecemberBankNifty opened with a Gap-down below our Sell level 34600 and we saw dropped near 34200 zones. BankNifty showed great recovery from lower levels and closed above resistance zone 35050.
Trades we took today -
> Bought BankNifty 34500 PE at 470 which we booked with 50 points loss
> Bought BankNifty 34600 PE at 380 which made a high around 440 and Traders booked good profit in this Trade
> Bought BankNifty 34800 PE at 400 which we booked with 50 points loss
> Bought BankNifty 34800 CE at 330 which made a high above 480 and Traders booked great profit in this Trade
> Bought BankNifty 35000 CE at 390 which we booked with 70 points loss
Overall, mixed day for BankNifty Option Buyers.
Tomorrow if BankNifty sustains above 35150, we can see a 130-250 points fast move.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above 35150
Sell Below 34900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 28-12-2021 [INTRADAY]NSE:BANKNIFTY
Still the trade setup and levels remains same as per previous.
Trade Setup for Date: 28-12-2021
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 | 27th DecemberBankNifty opened with a Gap-up at 35327, we saw sharp selling at open and BankNifty made a low around 34600 which provided support to BankNifty.
Trades we took today -
> Bought BankNifty 35000 PE at 380 which made a high above 500 and Traders booked great profit in this Trade
> Bought BankNifty 34900 PE at 430 which made a high above 530 and Traders booked great profit in this Trade
Overall, a Great Day for BankNifty Option Buyers.
BankNifty trading in a range and we may see a fast move wherever BankNifty gives a breakout.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 35050
Sell Below 34600
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANKNIFTY Intraday Trade Setup For 27 Dec 2021BANKNIFTY Intraday Trade Setup For 27 Dec 2021
Buy-Above 35100
Sl-35000
T-35350
Sell-Below 34580
Sl-34680
T-34390 34200
BANKNIFTY has once again made a range between 35500 and 34000 this week. Next move will come on this range breakout/breakdown.
It is likely to trade in this range only.
We will plan for buy above 35500 is breached and sustained at-least a day.
Coming to Monday's trade setup we will simply going to sell below 34580 as it has made a base here. For buying one can avoid or do it by reducing the position size if we get.
If index opens big gap we will avoid buying.
If index opens flat and crosses 34840 we will start to build our short. This is an aggressive trade.
If index opens with big gap down we need to wait for the first 15 min candle and then plan our trade.
BankNifty Intraday Trade Setup | 24th DecemberBankNifty opened with a Gap-up near 35350 and we saw some selling in the morning and BankNifty showed a good rebound from lower levels.
Trades we took today -
> Bought BankNifty 35300 CE 30th Dec at 370 which we booked at a cost due to slow movement in the morning
> Bought BankNifty 35200 PE 30th Dec at 370 which we booked with 50 points profit
> Bought BankNifty 35300 CE 30th Dec again at 350 which made a high above 450 and Traders booked great profit in this Trade
> Bought BankNifty 35200 PE 30th Dec at 280 which we booked with 50 points profit due to slow movement
Overall, a Good Day for BankNifty Option Buyers.
Tomorrow if BankNifty starts trading below 34980 we may see 130-200 points down move.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above 35280
Sell Below 34980
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Expiry Trade Setup | 23rd DecemberBankNifty opened with a Gap-up above our Buying Level 34700 and we again saw rejection around yesterday high 35050 in the morning and got 200 points quick move.
Trades we took today -
> Bought BankNifty 35100 PE at 300 which made a high above 450 and Traders booked great profit in this Trade
> Bought BankNifty 34600 CE at 400 which made a high around 480 and Traders booked great profit in this Trade
> Bought BankNifty 35100 CE again at 290 which made a high above 400 and Traders booked great profit in this Trade
> Bought BankNifty 34600 CE again at 390 which we booked with 60 points loss
> Bought BankNifty 35000 PE at 360 which we booked with 60 points loss
Overall, a Great Day for BankNifty Option Buyers.
We can see a follow-up upmove if BankNifty sustains above 35120 tomorrow.
Expectations for Tomorrow: Range-bound Day. Volatality after 1:30.
Intraday Levels:
Buy Above 35120
Sell Below 34850
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team