BankNifty Intraday Trade Setup | 22nd DecemberBankNifty opened with a big Gap-up above our Buy Level 34550 as expected and faced resistance at the 34950 zones in the morning. BankNifty was showing strength and able to cross 35000 level but we saw sharp selling from higher levels in the second half.
Trades we took today -
> Bought BankNifty 35000 PE at 340 which made a high above 500 and Traders booked great profit in this Trade
> Bought BankNifty 34700 CE at 310 which made a high above 450 and Traders booked great profit in this Trade
> Bought BankNifty 34600 CE at 410 which made a high above 550 and Traders booked great profit in this Trade
> Bought BankNifty 34800 CE at 370 which we booked with 90 points loss
> Bought BankNifty 34900 PE at 410 which made a high around 600 and Traders booked great profit in this Trade
Overall, a Great Day for BankNifty Option Buyers.
Tomorrow, we can see a fast down-move if BankNifty sustains below today's low.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 34700
Sell Below 34385
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bankniftyintradaysetup
BankNifty Intraday Trade Setup | 21st DecemberBankNifty opened with Gap-down below the last support zone 35300 due to weak Global Cues and we saw panic selling in the morning which came to BankNifty near to 34000 level and took support in this zone.
Trades we took today -
> Bought BankNifty 35000 CE at 290 which we booked with 50 points loss
> Bought BankNifty 34400 PE at 400 which we booked at a cost due to choppy movement
> Bought BankNifty 34400 PE again at 450 which made a high around 600 and Traders booked great profit in this Trade
> Bought BankNifty 34300 CE at 450 which we booked with 50 points loss
BankNifty is oversold and expecting another upmove if it sustains above 34530 tomorrow.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 34530
Sell Below 34350
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 20th DecemberBankNifty opened with flat and we saw sharp selling at open. After morning fall BankNifty was trading in a range which was broken on the lower side in last hour and low was made near 35500 level.
35350-35300 is the last support zone which is important on hold, else we see again 500-1000 points fall very soon.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 35700
Sell Below 35480
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 17th DecemberBankNifty opened with a big gap-up due to Global cues but BankNifty couldn't sustain at higher levels, we saw selling at open and BankNifty broke the 36500 support zone as well during the day.
Trades we took today -
> Bought BankNifty 37000 CE at 370 which we booked around the cost
> Bought BankNifty 37000 PE at 310 which made a high above 430 and Traders booked great profit in this Trade
> Bought BankNifty 37000 CE at 305 which we booked with 55 points loss
Overall, Choppy day for BankNifty Option Buyers.
For tomorrow, 36400 is an important level to hold, we may see another sharp fall if BankNifty breaks this.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above 36600
Sell Below 36400
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Expiry Trade Setup | 16th DecemberBankNifty opened a flat and tried to Break the resistance 37050 which was also our Buying zone but it couldn't sustain and we saw rejection in the morning. BankNifty also tested the lower range but that happened after 3:00 so it was a range-bound day.
Trades we took today -
> Bought BankNifty 37000 CE at 230 which we booked with 40 points loss
> Bought BankNifty 36800 CE at 300 which we booked with 50 points loss
> Bought BankNifty 37100 PE at 320 which we booked at the cost
> Bought BankNifty 36800 CE at 280 which made a high around 350 and Traders booked profit in this Trade
Overall, not a Good day BankNifty Option Buyers.
Tomorrow, If BankNifty opens with Gap-down be cautious as we can see an expiry short-covering move.
Expectations for Tomorrow: Range-bound day, Volatilatily after 1:00 PM.
Intraday Levels:
Buy Above 37050
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 For 17 Dec 2021BANKNIFTY Intraday Trade Setup For 17 Dec 2021
Buy-Above 37200
Sl-37000
T-37400 37600
Sell-Below 36380
Sl-36480
T-36200 36060
As discussed yesterday that the best trade would be to short below yesterday's low. We also discussed that the range shift will give 350 points move either side. And it has given almost 350 points after the range broke downside.
Coming to tomorrow's trade setup, We will once again short below today's low this trade would be the simple and best trade. It can give another 300-350 points move in the downside at a go.
We will avoid aggressive buying until we get closing above 37000 in daily TF.
BankNifty Intraday Trade Setup | 15th DecemberBankNifty opened with Gap-down below 36800 which was our Selling level and we saw a fast down-move in the morning towards 36593.
Trades we took today -
> Bought BankNifty 37100 PE at open around 490 which made a high above 600 and Traders booked good profit in this Trade
> Bought BankNifty 36600 CE at 370 which we booked with 50 points loss
> Bought BankNifty 37000 PE at 470 which made a high above 550 and Traders booked good profit in this Trade
> Bought BankNifty 36500 CE at 330 which made a high above 500 and Traders booked great profit in this Trade
> Bought BankNifty 36500 CE at 330 which made a high above 500 and Traders booked great profit in this Trade
> Bought BankNifty 37000 PE at 310 which we booked with 10 points loss
> Bought BankNifty 36800 CE at 340 which made a high above 420 and Traders booked good profit in this Trade
Overall, a Great Day for BankNifty Option Buyers.
Tomorrow if BankNifty sustains above 37050, we can see a short-covering upmove.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37050
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 | 14th DecemberBankNifty opened with Gap-up near 37380 and we saw a good upmove towards 37570 zones but BankNifty couldn't sustain at upper levels and we saw almost 750 points fall from day high.
Trades we took today -
> Bought BankNifty 37300 CE at 410 which made high around 487 and Traders booked 60 points profit in morning Trade
For tomorrow 36800 is important, if BankNifty sustains below that zone we may see fast 150-300 points downmove.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 37100
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 For 15 Dec 2021BANKNIFTY Intraday Trade Setup For 15 Dec 2021
Buy-Above 37050
Sl-36950
T-37300 37500
Sell-Below 36770
Sl-36870
T-36550 36350 36050
BANKNIFTY as discussed yesterday that index may show some fall below yesterday's low. Index gave more than 280 points fall from the level. It was easy to trade. RR was too good in this trade.
Now coming to tomorrow's trade setup. Index has closed almost flat today indicating this zone as a consolidation zone. We will short again below 36770. We will short aggressively again below 36500 only as it is a strong demand zone as of now (36500-36550). 36500 has the highest OI buildup.
And 37000 has the highest OI in the Call side.
And index has corrected from this level only.
Range is 37000 and 36500.
Wait for breakout or breakdown of this range.
BankNifty Intraday Trade Setup | 13th DecemberBankNifty opened flat and we saw selling at open, BankNifty took support in 36800 zones and we saw recovery in second half.
Trades we took today -
> Bought BankNifty 37100 PE at 470 which we booked with 70 points loss
> Bought BankNifty 37100 CE at 380 which we booked with 40 points loss
> Bought BankNifty 37100 PE at 440 which we booked with 50 points profit
> Bought BankNifty 37000 CE at 320 which made a high around 460 and Traders booked Great Profit in this Trade
Overall, a choppy day for BankNifty Option Buyers.
BankNifty is underperforming Nifty, if Nifty sustains above 17600 we may see sharp up-move in BN too.
Expectations for Tomorrow: Trending day.
Intraday Levels:
Buy Above 37200
Sell Below 36800
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 14-12-2021 [ INTRADAY ]NSE:BANKNIFTY
Observations:
1) On 1day time frame,after trading around 200DMA now it is trading around 100DMA.
Today it closed below 100DMA.
100DMA is placed at 37186 level.
Sustainable breakout of 37186 will be good buying opportunity.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see that the trendline which was previously working as resistance now it is taking support from it. hence this trendline is immediate support trendline.
Please refer below chart : 15min Time Frame.
-------------------------------------
Trade Setup for Date: 14-12-2021
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 | 10th DecemberBankNifty opened near our Buy Level of 36400, we saw selling in the morning and BankNifty made a low around 35900 which worked as support and again came towards 36250.
Trades we took today -
> Bought BankNifty 16th Dec 37400 CE at 410 which we booked with 80 points loss
> Bought BankNifty 16th Dec 37100 PE at 410 which made a high above 500 and Traders booked good profit in this Trade
> Bought BankNifty 16th Dec 37200 CE at 340 which made a high around 480 and Traders booked good profit in this Trade
> Bought BankNifty 16th Dec 37100 PE again at 360 which we booked with 25 points loss
> Bought BankNifty 37300 CE at 40 which made a high around 75 and Traders booked Great Profit in this Trade
Overall, a choppy day for BankNifty Option Buyers.
BankNifty formed a range and we may see a good move tomorrow either side range breaks.
Expectations for Tomorrow: Trending day.
Intraday Levels:
Buy Above 37260
Sell Below 36900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Expiry Trade Setup | 9th DecemberBankNifty opened with a big Gap-up above our Buy Level of 36820 and after choppy movement in the morning due to RBI Policy we again saw a good upside movement.
Trades we took today -
> Bought BankNifty 36900 CE at 360 which made a high around 425 and Traders booked good profit in morning Trade
> Bought BankNifty 36900 CE again at 390 which we booked with 70 points loss
> Bought BankNifty 37100 PE at 280 which we booked with 50 points loss
> Bought BankNifty 37200 CE 16th DEC at 450 which made a high around 575 and Traders booked Great Profit in this Trade
Overall, it was an average day for BankNifty Option Buyers.
Tomorrow if BankNifty sustains above 37420, we can again see a good up-move.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:30 PM.
Intraday Levels:
Buy Above 37420
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 | 8th DecemberBankNifty opened with a big Gap-up above our Buy Level of 35900, BankNifty was forming higher highs and we saw a good Trending Day.
Trades we took today -
> Bought BankNifty 36100 PE at 290 which we booked at the cost
> Bought BankNifty 36400 CE at 330 which made a high around 600 and Traders booked Great Profit in this Trade
> Bought BankNifty 36500 PE at 240 which made a high around 300 and Traders booked Good Profit in this Trade
> Bought BankNifty 36600 CE at 340 which made a high above 450 and Traders booked Great Profit in this Trade
Overall, a Great day for BankNifty Option Buyers.
Tomorrow we have RBI policy so Trade cautiously.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36820
Sell Below 36500
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANKNIFTY Intraday Trade Setup For 08 Dec 2021BANKNIFTY Intraday Trade Setup For 08 Dec 2021
Buy-Above 36870
Sl-36770
T-37150 37350 37600
Sell-Below 36500
Sl-36600
T-36350 36160
BANKNIFTY has closed just below the hourly range high. The hourly trendline has been broken decisively. After trendline breakout a short covering move of 400 points was seen.
Index took exact support from 36000 today morning and headed straight till 36800.
36500 will play an important role in tomorrow's trading session we will short on breakdown of 36500 for the target of 36160.
Gap filling will take place above 36900. Above 36870 index will head towards 37600 in coming days.
BankNifty Intraday Trade Setup | 6th DecemberBankNifty opened flat and we saw a sharp up-move in the morning but it couldn't sustain at higher levels and we again saw selling near the trendline.
Trades we took today -
> Bought BankNifty 36700 CE at 430 which made a high around 530 and Traders booked good Profit in this Trade
> Bought BankNifty 36700 CE again at 390 which we booked at the cost
> Bought BankNifty 36500 PE at 360 which we booked at the cost
> Bought BankNifty 36400 CE at 580 which we booked with 80 points loss
Overall, it was not a good day for BankNifty Option Buyers.
For tomorrow 36000 would act as an important level, if BankNifty sustains below 36000 we may see a sudden down move of 150-300 points.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36350
Sell Below 36000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 3rd DecemberBankNifty opened with a minor Gap-down and after consolidation in the morning, we saw a good upmove. Though BankNifty was underperforming Nifty we saw a good move in the last 2 hours.
Trades we took today -
> Bought BankNifty 36100 CE at 330 which we booked with 70 points loss
> Bought BankNifty 36100 CE again at 300 which made a high around 400 and Traders booked good Profit in this Trade
> Bought BankNifty 36500 PE at 240 which we booked with 65 points loss
> Bought BankNifty 36200 CE at 290 which made a high around 380 and Traders booked good Profit in this Trade
> Bought BankNifty 36100 CE at 250 which we booked with 50 points loss
Overall, it was not a good day for BankNifty Option Buyers.
We may again see an upmove once BankNifty would start trading above 36550 but be cautious as 36750 would act as major resistance.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36550
Sell Below 36300
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Expiry Trade Setup | 2nd DecemberBankNifty opened with Gap-up, we saw good upside momentum in the morning and BankNifty closed near day high.
Trades we took today -
> Bought BankNifty 36000 PE at 230 which made a high above 320 and Traders booked great profit in this Trade
> Bought BankNifty 36000 CE at 310 which we booked at a cost due to slow momentum
> Bought BankNifty 36200 CE at 290 which made a high around 370 and Traders booked good profit in this Trade
> Bought BankNifty 36200 CE again at 270 which we booked with 10 points loss
> Bought BankNifty 36000 CE 9th Dec at 680 which made a high above 800 and Traders booked great profit in this Trade
Overall, Wonderful day and BankNifty Option Buyers booked Great Profits.
BankNifty closed near the resistance line and we may see a follow-up upmove once BankNifty would start trading above 36450.
Expectations for Tomorrow: Range-bound Day, Volatality after 1:30 PM.
Intraday Levels:
Buy Above 36450
Sell Below 36200
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 1st DecemberBankNifty opened flat and we saw one side upmove when BankNifty broke our Buying level 36200, BankNifty faced resistance at 36800 zones and lost all the gains sharply.
Trades we took today -
> Bought BankNifty 36100 PE at 290 which we booked with 25 points loss
> Bought BankNifty 36200 CE at 360 which made a high above 500 and Traders booked great profit in this Trade
> Bought BankNifty 36800 PE at 360 which made a high above 1000 and Traders booked great profit in this Trade
> Bought BankNifty 36200 CE at 270 which we booked with 40 points loss
> Bought BankNifty 36000 CE at 330 which made a high around 440 and Traders booked good profit in this Trade
> Bought BankNifty 36000 PE at 300 which made a high above 500 and Traders booked good profit in this Trade
Overall, Great day for BankNifty Option Buyers.
We may again see a fast down-move if BankNifty breaks today's low.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 36000
Sell Below 35520
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Simple Trade Setup | BANKNIFTY | 02-12-2021 [ INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1day time frame, after holding 200DMA yesterday, it bounce it from it and made bullish candle.
200 DMA is placed at 35709.24 level, which is major support now.
Please refer below chart : 1 day Time Frame.
-------------------------------------
Trade Setup for Date: 02-12-2021
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.
Simple Trade Setup | BANKNIFTY | 01-12-2021 [ INTRADAY]NSE:BANKNIFTY
Observations:
1) On 1day time frame, it closed just below 200DMA.
200DMA is placed at 35707.33 level.
If it sustain below it tomorrow then we can see weakness.
200DMA is major support.
Please refer below chart : 1 day Time Frame.
-------------------------------------
Trade Setup for Date: 01-12-2021
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 | 29th NovemberBankNifty opened with a big gap-down due to Covid new variant news and all Global Markets were down. We saw all day selling and BankNifty closed more than 1300 points down near day low.
Trades we took today -
> Bought BankNifty 37000 CE at 350 which we booked with 100 points loss
> Bought BankNifty 36600 PE at 400 which made a high above 800 and Traders booked good profit in this Trade
> Bought BankNifty 36800 CE at 250 which we booked with 50 points loss
> Bought BankNifty 36300 PE at 400 which we booked with 30 points loss
Overall, not a good day for BankNifty Option Buyers.
If BankNifty opens with a big gap-down in the morning as SGX Nifty is indicating, be cautious on the sell-side as BankNifty is oversold and we can see a fast short-covering move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 36220
Sell Below 35900
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty Intraday Trade Setup | 26th NovemberBankNifty opened flat, we saw selling in the morning but the 37180 zones acted as support, and BankNifty has shown great recovery from lower levels though it was a Range-Bound day.
Trades we took today -
> Bought BankNifty 37400 PE at 240 which we booked with 60 points profit at 300
> Bought BankNifty 37200 CE at 220 which made a high around 318 and Traders booked good profit in this Trade
> Bought BankNifty 37100 PE at 100 which made a high around 154 and Traders easily booked 50% profit on investment in this Trade
> Bought BankNifty 37500CE at 50 as Expiry Zero Hero which we booked with 25 points loss due to choppy movement
Tomorrow we can see a trending up-move if BankNifty sustains above 37500.
Expectations for Tomorrow: Trending Day.
Intraday Levels:
Buy Above 37500
Sell Below 37220
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team