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BANKNIFTY Intraday Trade Setup For 05 Oct 2023 | Daily AnalysisBANKNIFTY Intraday Trade Setup For 05 Oct 2023 Bullish-Above 44050 Invalid-Below 43940 T- 44250 44450 Bearish-Below 43850 Invalid-Above 43960 T- 43653 43440 BANKNIFTY has closed on a bearish note with 0.98% cut. It opened with a big gap down and 10 o'clock range was to be used as per trade setup. However it was updated to avoid trading this today. As it turned total sideways just like yesterday. Above 44050 we can see a pullback move as 43900 looks as an important confluence zone as per volume profile in daily TF (16 Mar-15 Sep). gap filling will confirmed above 44170 .Below day low bearish move will once again kick in. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 44050 then we will long for the target of 44250 and 44450. For selling we need a 15 min candle close below 43850. T- 43440 and 43253. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 04 Oct 2023 | Daily AnalysisBANKNIFTY Intraday Trade Setup For 04 Oct 2023 Bullish-Above 44440 Invalid-Below 44330 T- 44625 44815 Bearish-Below 44240 Invalid-Above 44350 T- 44000 43755 BANKNIFTY has closed on a bearish note with 0.425% cut today. It opened flat and sell triggered as per trade setup but is was not at all tradable as the 1st 1 Min candle itself was very big and the 15 Min breakout candle was too big which making the RR worst. After the 1st 15 Min candle it just consolidated between 200 points range. 10 o'clock range was also untouched. Tomorrow on a flat opening it can show a good downside move below today's low. Only thing we have to be alert about is morning star at 44180 breakout. For bullish momentum to lift it has to sustain above 44440 and we will consider this in the 2nd breakout attempt. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44440 then we will long for the target of 44625 and 44815. For selling we need a 15 Min candle close below 44240. T- 44000 and 43755. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 03 Oct 2023BANKNIFTY Intraday Trade Setup For 03 Oct 2023 Bullish-Above 44760 Invalid-Below 44650 T-45040 45270 Bearish-Below 44490 Invalid-Above 44610 T-44248 44000 BANKNIFTY has closed on an absolute flat note last week. Previous week it was discussed that 'a base formation may happen near 44500 zone and probability of a sideways momentum is high after an parabolic (down) move'. 5 out of 7 last sessions it closed exactly near 44600. After consolidation now time for a directional move on last week's range (44180-45000) breakout. Major Weekly levels are 44400 and 43600. In hourly TF 44760 is a bullish reversal level and 44180 is a bearish continuation level. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44760 then we will long for the target of 45040 and 45270. For selling we need a 15 Min candle close below 44490. T- 44250 and 44000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 29 Sep 2023BANKNIFTY Intraday Trade Setup For 29 Sep 2023 Sell_1- From 44560 Invalid-Above 44670 T- 44300 44000 Sell_2- Below 44240 Invalid-Above 44350 T- 44000 43755 BANKNIFTY has closed on a complete bearish note with 0.64% cut today. It was a bit confusing and wild till 10 o'clock range was safe. Buy triggered as per trade setup which hit 110 points sl. Later sell triggered below 44490 and 10 o'clock range also broke downside and gave a decent move till 44250. However momentum was a bit messy compared to NIFTY and other indices. Tomorrow once again it can show some bearish move below today' low. 44560 will be a level to short in case of pullback or gap up. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44240 then we will short. T- 44000 and 43755. In case of a gap up , 44560 zone will be a good place to short. T- 44300 and 44000 below 44240. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
banknifty buyAs market did't showed any bearish pressure and a slow down movement & market did't trapped any buyers today after opening So, as there are less sellers the market will grab sellers lquidity to go up So, theres no lquidity for the market to go down So 44000 area will act as a major support for buyers and also a trap zone for the buyers wait for price to close below 44000 area and then look for an opertunity to buy. market will start down tomorrow to take the sellers lquidity and to stop out buyer then market will continue a buying side rally. ( at least need 1 expairy ) but if sellers dose not come and market reverse itself before touching 44000 then a buyers liquidity take will start a bear rally.( at least need next week ) but as for tomorrow only looking for buy.
NSE:BANKNIFTYLong
by samantamonojit98
BANKNIFTY Intraday Trade Setup For 28 Sep 2023BANKNIFTY Intraday Trade Setup For 28 Sep 2023 Bullish-Above 44670 Invalid-Below 44560 T- 45040 45270 Bearish-Below 44490 Invalid-Above 44600 T- 44200 43915 BANKNIFTY has closed on a flat note today after a huge roller coaster ride today. One more time let me just remind you all it was discussed 44500 is going to be base zone in the weekend outlook. Also it was said that probability of sideways momentum is very high after a parabolic move. 4 out of last 5 sessions it has closed exactly near 44600. Index looks ready for a bounce now. Also sentiment will change from sideways bullish to sideways bearish once it closes below 44500 in daily TF. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 44670 then we will long for the target of 45040 and 45270 above 45050. For selling we need a 15 Min candle close below 44490. T- 44200 and 43915 below 44170. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
Banknifty daily analysis for 26/09/23.A doji is formed on the daily charts and now there is a confusion in the market where it will go after testing the recent high. Banknifty has closed gaining 150 points but nifty remained silent and closed flat. On the hourly charts, there is a moving averages cross over and it taking resistance from the levels. There was a both side movement today and has consolidated in the second half of the session. Support :- 44600, 44420 Resistance :- 44890, 45110 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
1
BANKNIFTY Intraday Trade Setup For 27 Sep 2023BANKNIFTY Intraday Trade Setup For 27 Sep 2023 Bullish-Above 44725 Invalid-Below 44615 T- 45040 45252 Bearish-Below 44530 Invalid-Above 44640 T- 44225 43917 BANKNIFTY has closed with a slight bearish note with 0.32% cut today. In the weekend analysis it was discussed that index can form a base near 44500 and probability of sideways is high after a parabolic down move. It has closed exactly at 44600 in 3 out of 4 last sessions. It was just sideways throughout the day. Sell triggered below 44580 which ended at cost EOD. Tomorrow sustaining above 44725 in 15 Min TF will initiate a bullish momentum. However a clean downside momentum is possible below 44400 only. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44725 then we will long for the target of 45040 and 45252. For selling we need a 15 Min candle close below 44530. T- 44225 and 43917. Trail sl below 44400. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANK NIFTY -Target Levels -WED-27.09.23Bank Nifty Spot Price : 44624.20. - VIX SPOT Price : 11.19. - Bank Nifty Daily Range : 44363 To - 44886. - Watch Option Strike : 44700 CE & 44700 PE. I Am Not Sebi Registered Analysis, This Is Education Purpose Only. Dear Followers.. Trend Is Our Friend.. 1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy. 2. Kindly Watch My Break Even Point. Every Day.. 3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE.. 4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE.. 5. After Retracement.... Stop Loss is Above Or Below Break Even Point.. 6. Stop Loss Is Must.. 7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame.. 8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also.. Don"t Enter Blindly. 1. We Focus On Our Daily Analysis.. 2. Combination Theory Of Delta, Gamma & Thetta,. 3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss.. 4. We See 4 Types Of Fibinacci Retracement Levels.. (1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level), 5. Techninal View On Break Even Point.. 6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully.. 7. Market Moves in UpTrend or DownTrend.. 8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View.. Its Most Important For Daily Tradings.. Kindly Follow My Channel & Like Your Support in My Idea. BY : newsbharathi27040.
NSE:BANKNIFTY
by market1tomorrow
bankniftyas conslidation areas are uncertain 60% nutral 40% upside todays market nutral as expected to gain theta of buyers there are a few sellers in the market at the flip zone if market starts up avoid it as it will creat lequidity for sellers to enter and trap them in the process.in a range bound market if starts below then a sweep of major buyer zone will create tarp for sellers and gain lequidity to go upside so a nutral markets where market traps everyone to go up sound probeble. but a bull markets as the are no sellers and a trapped buyers and a exit from the buyers will creat lequidity for market to go up sound fair.
NSE:BANKNIFTY
by samantamonojit98
5
#september26 levels and direction for #Banknifty"Good morning, friends! As of September 26th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. Our market trend is moderately bullish, but there is some structural bending in the 'C' pullback wave. So, if it opens gap-down, yesterday's range will act as a range-bound boundary. On the other hand, if it breaks either to the upside or downside, you can set your target at immediate levels. Here, my personal opinion is that even if it breaks yesterday's range, the market may reject the immediate levels, indicating that there won't be significant moves. We can expect a directional move only if it breaks the immediate support or resistance with minor consolidation."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 26 Sep 2023BANKNIFTY Intraday Trade Setup For 26 Sep 2023 Bullish-Above 44940 Invalid-Below 44830 T- 44179 45400 Bearish-Below 44580 Invalid-Above 44690 T- 44250 43917 BANKNIFTY has closed on a slight bullish note with 0.35% gain today. It was discussed in the weekend that we will give pullback of the fall and 44500 zone can be the probable bottom. Today it gave a sharp recovery of 400+ points till 44936. Now on a flat opening above today's high we will give another recovery. Also it has to be remembered that 0.382 of the recent fall will be a probable pullback which now comes near 44200 zone. 44940-50 and 44580 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44940 then we will long for the target of 45179 and 45400. For selling we need a 15 Min candle close below 44580. T- 44250 and 43917. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Weekly Outlook | Intraday Trade Setup For 24 Sep 2023BANKNIFTY Intraday Trade Setup For 24 Sep 2023 Bullish-Above 44790 Invalid-Below 44680 T- 45050 45385 Bearish-Below 44540 Invalid-Above 44650 T- 44270 44000 BANKNIFTY has closed on a complete bearish note last week with 3.5% cut. It has formed a double top structure in daily TF although breakout of the neckline (43600) will be the validation. Currently it is near 0.618 in daily TF so 44500 zone is going to be a base from where it can give retracement of the fall from 46310, while 45k is the reversal point. After a pullback if it breaks the low created say near 44500 zone we can plan a positional short. As of now it can go sideways after a parabolic move. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 44790 post rejection then we will buy. T- 45050 and 43385. For selling we need a 15 Min candle close below 44540. T- 44270 and 44000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
#banknifty"Good morning! As of September 21st, there is no significant difference compared to the last session. Global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. If the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a maximum Fibonacci pullback of 23% to 38%. On the other hand, if it breaks or consolidates around the immediate support zone, we can expect a continuation of the correction with minor consolidation."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 22 Sep 2023BANKNIFTY Intraday Trade Setup For 22 Sep 2023 Sell_1-From 45040 Invalid-Above 45150 T- 44800 Sell_2- Below 44590 Invalid-Above 44700 T- 44345 44100 BANKNIFTY has closed on a bearish note once again with 1.68% cut today. Once again it opened with slight gap down and tested our sell level. It just crashed after that and all targets were achieved (45270- 44593). Also since it opened with slight gap down so 10 o'clock range was to be used. Range broke downside below 45098 and last swing high was near 45120. With 100 points risk it gave almost 400 points gain. Tomorrow in case of a gap up opening 45040 will be place to short. After a fall near 44800 if it breaks 45050 then it will fill the gap and that will be bullish trade plan. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44590 then we will short for the target of 44345 and 44100. 2nd sell will be from 45040 on a gap up opening. T- 44800. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
#Banknifty"Good morning! As of September 21st, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. We don't know where it will open, but the sentiment remains the same. If the initial market experiences a sharp pullback around the immediate support zone, then we can expect a maximum of 23% to 38% Fibonacci pullback. On the other hand, if it breaks the immediate support zone, we can anticipate a continuation of the correction with minor consolidation."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 21 Sep 2023BANKNIFTY Intraday Trade Setup For 21 Sep 2023 Bullish-Above 45470 Invalid-Below 45360 T- 45650 45820 Bearish-Below 45270 Invalid-Above 45380 T- 45025 44780 BANKNIFTY has closed on a bearish sentiment with 1.29% cut today. It opened with a big gap down and 10 o'clock range was to be used as per trade setup. Range broke downside below 45454 and last swing high was near 45550. With 100 points risk it gave more than 170 points gain till 45277. Tomorrow there is a high chance of recovery as it at hourly support zone. In case it opens flat or below 45460 on break of 45470 in 15 Min TF we can trade the bounce in hourly TF. 44800 and 45820 are important support and resistance respectively. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 45470 then we will long for the target of 45650 and 45820. For selling we need a 15 min candle close below 45270. T- 45025 and 44780. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
2
#Banknifty"Good morning! As of September 20th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. The market trend is moderately bearish; it may open with a slight negative gap. After that, if it breaks the immediate support zone, we can expect a continuation of the correction. On the other hand, if the initial market experiences a sharp pullback, it will transition into a range market, leading to a continuation of the rally."
NSE:BANKNIFTY
by Manickamtraders
4
BANKNIFTY Intraday Trade Setup For 20 Sep 2023BANKNIFTY Intraday Trade Setup For 20 Sep 2023 Bullish-Above 46160 Invalid-Below 46050 T- 46400 46630 Bearish-Below 45900 Invalid-Above 46010 T- 45679 45397 BANKNIFTY has closed on a bearish note with 0.54% cut today. It It was sideways and zone till 1'0 clock. Later at the time of closing post 3 PM there were spikes in the downside. Nothing triggered as per trade setup today till 3 PM. Post 3 PM sell was triggered which was void. On a flat opening below 45900 there can be decent sell off in intraday. For a bullish view we have to wait till 46150-60 is sustained in 15 Min TF. it is near ATH so there can be sideways activity before it gets lifted or crashed. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close below 45900 then we will short for the target of 45679 and 45397. For buying we need a 15 Min candle close above 46160. T- 46400 and 46630. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
Banknifty weekly analysis for 18/09/23.After a nice upside momentum banknifty is now in a sideways trend and during the last trading session it has consolidated hitting 46300 levels. It is trading around the ATH and on the weekly charts there is a nice V-shape recovery for the markets. On the daily charts, there is a formation of a doji and has closed 230 points higher. Nifty has already crossed the ATH and is trading around the new high. Its time for banknifty to give a break out or take a halt and then give a break out. A good trading opportunity will be there if the markets consolidated and then give a break out as the market has already given a nice upside move. There is also a bearish RSI divergence on the daily charts which will not give much of a confidence in the bullish trade. On the hourly time frame, it has sustain above the moving averages and is still trading above it. If the market give a break down and close below the 20 ema there will be a chance of a momentum and hit a small target on the bearish side in a bullish market. Support :- 46080, 45860,45600 Resistance :- 46300, 46500(round number figure), 46830 (fib level) Banknifty is having good support on the lower side and it can reverse taking support from the support zone. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 18 Sep 2023BANKNIFTY Intraday Trade Setup For 18 Sep 2023 Bullish-Above 46320 Invalid-Below 46210 T- 46585 46855 Bearish-Below 46020 Invalid-Below 46130 T- 45720 45415 BANKNIFTY has closed on a bullish sentiment with 2.88% gain last week. Before Sep 8 we were waiting for the daily range shift to get a directional move. Range was 45k and 44K which broke in the upside on 8 Sep and we got a decent move (45160-46310, more than 1:1). Also we are very close to our target which is a fresh ATH. Now either one can book some or trail sl to PDL (CB). Incase case of a gap down tomorrow 45700 zone can act as support zone. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46320 then we will long for the target of 46585 and 46855. For selling we need a 15 min candle close below 46020. T- 45720 and 45415. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto