BankNifty Intraday Trade Setup | 24th NovemberBankNifty opened with a gap-down below our Sell Level 36970, gave a fast down move towards 36450 zones and showed a great recovery from lower levels.
Trades we took today -
> Bought BankNifty 37100 PE at 290 which we booked with 50 points profit
> Bought BankNifty 37200 CE at 280 which made a high around 370 and Traders booked Good profit in this Trade
> Bought BankNifty 37100 CE at 310 which made a high around 500 and Traders booked Great profit in this Trade
Overall, a Great day for BankNifty Option Buyers.
Now 37000 is an important zone for BankNifty. If it breaks tomorrow we can see a fast a down-move.
Expectations for Tomorrow: Volatile Day.
Intraday Levels:
Buy Above 37420
Sell Below 37000
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Bankniftyintradaysetup
BankNifty Intraday Trade Setup | 23rd NovemberBankNifty opened with more than 200 points gap-up but we saw sharp selling at open and while Day BN was forming lower highs, In last hour we saw 500 points recovery from day lows.
Trades we took today -
> Bought BankNifty 38000 CE at 320 which we booked with 40 points loss
> Bought BankNifty 37800 PE at 320 which made a high above 450 and Traders booked Great profit in this Trade
> Bought BankNifty 37700 CE at 230 which we booked with 30 points loss
> Bought BankNifty 37000 PE at 340, added more at 300, and booked around cost
Overall, a Good day for BankNifty Option Buyers.
We saw a good recovery in the last hour, If BankNifty sustains above 37300 we can see 150-200 points upmove.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 37300
Sell Below 36970
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BANKNIFTY Intraday Trade Setup For 23 Nov 2021BANKNIFTY Intraday Trade Setup For 23 Nov 2021
Buy-Above 37300
Sl-37200
T-37600
Sell-Below 36650
Sl-36750
T-36500 39327 36112
Index has hit our target in sell side . Our sell level was from 38300 target was 36600.
Now if index continues to break low then simply short trail and enjoy.
If index touches 37575-37600 in the first half an hour then sell from there for the target of 37000.
Also trade all the breakdowns , bear flags and support breakdowns.
Simple Trade Setup | BANKNIFTY | 17-11-2021 [ INTRADAY]NSE:BANKNIFTY
Observations:
1) On daily time frame,it closed just below 50DMA and also closed below 38500.
50DMA is placed at 38382.61 level.
And closed just above 38300 level.
Major support is at 38000 level and immediate resistance is now at 38500 and major resistance is at 38800 level.
Please refer below chart : 1 day Time Frame.
2) On 15min time frame, it is still facing resistance to give breakout of parallel channel resistance.
Please refer below chart : 15 min Time Frame.
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Trade Setup for Date: 17-11-2021
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.
Bank Nifty Support & Resistance Levels>Market will be in range until Resistance 38900 or Support 38350 breaks.
>We can expect an up move up to 39550 once Resistance 38900 breaks.
>Market Will fall up to 37650 levels when Support 38350 Breaks.
>Support will Become Resistance and Resistance will become Support once the level Breaks.
*Always Enter With good confirmation & Maintain proper Risk Reward.
**********Educational/information purpose only **********
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