BANKNIFTY Intraday Trade Setup For 29 Nov 2023
Bullish-Above 43970
Invalid-Below 43860
T- 44235 44510
Bearish-Below 43800
Invalid-Above 43910
T- 43588 43330
BANKNIFTY has closed on a slight bullish note with 0.26% gain today. Buy triggered as per trade setup above 43810 and gave a small move till 43960. Momentum was really yuck. This dead momentum will continue...
BANKNIFTY Intraday Trade Setup For 28 Nov 2023
Bullish-Above 43810
Invalid-Below 43700
T- 44080 44285
Bearish-Below 43580
Invalid-Above 43690
T- 43330 43085
BANKNIFTY has closed with a slight gain of 0.42% last week. Last week it was discussed that index momentum will be complete sideways till Nov monthly candle closes at a good level to trigger any direction....
Banknifty major levels
Support :- 43860, 43750, 43580.
Resistance :- 43980, 44080, 44180.
Market seems to go bullish as per the daily closing and there are chance of market picking up momentum after cross the round number of 44k.
Wait for the price action near the levels before entering the market.
BANKNIFTY Intraday Trade Setup For 24 Nov 2023
Bullish-Above 43650
Invalid-Below 43540
T- 43853 44055
Bearish-Below 43450
Invalid-Above 43560
T- 43230 42948
BANKNIFTY has closed with a slight gain of 0.29% yesterday. Buy triggered above 43510 last day which gave a small move till 43649. It was all sideways yesterday, momentum was dead. Above today's high on a...
BANKNIFTY Intraday Trade Setup For 23 Nov 2023
Bullish-Above 43515
Invalid-Below 43405
T- 43778 44031
Bearish-Below 43230
Invalid-Above 43340
T- 42948 42665
BANKNIFTY has closed on a bearish note with 0.55% cut today. Sell triggered as per trade setup below 43580 and gave a fantastic move till 43231.We already discussed yesterday that below 43660 bears will...
BANKNIFTY Intraday Trade Setup For 22 Nov 2023
Bullish-Above 43780
Invalid-Below 43670
T- 44031 44285
Bearish-Below 43580
Invalid- 43690
T- 43345 43120
BANKNIFTY has closed on a slight bullish note with 0.24% gain today. It opened with a decent gap up and was almost sideways the whole day except the put spike. Best trade looks in long side which can trigger a...
BANKNIFTY Intraday Trade Setup For 21 Nov 2023
Bullish-Above 43730
Invalid-Below 43620
T- 44015 44285
Bearish-Below 43450
Invalid-Above 43560
T- 43221 42976
BANKNIFTY has closed on a complete sideways note today. Sell triggered as per trade setup below 43510 which hit sl and later ended completely flat. Tomorrow below 43450 if sustained we can see a very good...
BANKNIFTY Intraday Trade Setup For 20 Nov 2023
Bullish-Above 43880
Invalid-Below 43770
T- 44250 44510
Bearish-Below 43510
Invalid-Above 43620
T- 43221 42975
BANKNIFTY has closed on a slight bearish note last week with almost 1% cut. 44450 is a very important level for a bullish move. Index is bearish till we get bullish price structure in hourly TF. If...
BANKNIFTY Intraday Trade Setup For 15 Nov 2023
Bullish-Above 44060
Invalid-Below 43950
T- 44287 44530
Bearish-Below 43680
Invalid-Above 43790
T- 43475 43260
BANKNIFTY has closed with a slight cut of 0.24% last day. In the weekend pullback scenario was discussed and half bat was plotted. Monday view matched and scenario turned into reality. Although it has...
BANKNIFTY Intraday Trade Setup For 13 Nov 2023
Bullish-Above 44060
Invalid-Below 43950
T- 44269 44530
Bearish-Below 43910
Invalid-44020
T- 43695 43475
BANKNIFTY has closed on a slight bullish note last week with some 1% gain. On 31 Oct EOD when BANKNIFTY was at 42845,43400 was discussed as a bullish reversal level. After it was triggered index has given slow...
BANKNIFTY Intraday Trade Setup For 09 Nov 2023
Bullish-Above 43800
Invalid-Below 43690
T- 44060 44270
Bearish-Below 43540
Invalid-Above 43650
T- 43260 42990
BANKNIFTY has closed on a slight bearish note with 0.18% cut unlike NIFTY. Yesterday's buy and sell level were 43800 and 43570. Index traded within this range for the whole day, sell level was tested but...
Banknifty Intraday Prediction Levels for 8 Nov 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances-...
BANKNIFTY Intraday Trade Setup For 08 Nov 2023
Bullish-Above 43800
Invalid-Below 43690
T- 44060 44270
Bearish-Below 43570
Invalid-Above 43680
T- 43260 42990
BANKNIFTY has closed on a slight bullish note with 0.27% gain today. It opened flat and sell triggered below 43410 and gave a small move in favor and then eventually sl hit. Tomorrow once again it will be...
Banknifty has formed a nice dragon fly doji or a hammer candle with a bullish engulfing candle on the daily charts.
It tested the 200 ema and has closed on a bullish note as it moved 500 points from the day low.
On the hourly chart, it has closed above both the moving averages.
If there is another gap up opening, there can be a one side rally as it is weekly...
BANKNIFTY Intraday trade Setup For 07 Nov 2023
Bullish-Above 43650
Invalid-Below 43540
T- 43960 44269
Bearish-Below 43410
Invalid-Above 43520
T- 43130 42850
BANKNIFTY has once again closed on a bullish note with 0.7% gain today, all contributed via gap up. Since last 3 sessions out out of 4 it has been trading in a narrow range after a gap up opening. So...
BANKNIFTY Intraday Trade Setup For 06 Nov 2023
Bullish-Above 43420
Invalid-Below 43310
T- 43715 43935
Bearish-Below 43220
Invalid-Above 43330
T- 42915 42665
BANKNIFTY has closed on a slight bullish note with 1.25% gain last week. Last to this previous week, trend was strong in downside. So continuation of that bearish move seems below 42100 as of now. 43850...
A nice "M" pattern formation on the weekly charts for banknifty is a nice bearish trend for the markets.
Banknifty may retest the neck line of the pattern and continue the bearish move after the retracement.
Currently, it is taking resistance from 50% fib level and there are chance of retracing 61.8% fib level.
On the daily chart, three doji candle are showing...
Banknifty Intraday Prediction Levels for 3 Nov 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances-...
