Get started

Bankniftyintradaytradesetup

Banknifty weekly expiry analysis for 13/09/23.Banknifty after a gap up opening came for a profit booking and closed 60 points lower forming a red candle on the daily charts. On the hourly charts, it seem to consolidate after the initial sell off and has closed above both the moving averages. Market has given a nice bullish move and are stretched enough to give a retest or consolidation. It will be sideway or volatile before giving another bullish leg. On 15 minute time frame, it formed a lower high lower low formation and there are chance of market giving some retracement. Watch for option premiums as tomorrow is banknifty's weekly expiry and there are less chance of a trending move in market as it has already move alot. Support :- 45430, 45320, 45230 Resistance :- 45690, 45855 Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 12 Sep 2023BANKNIFTY Intraday Trade Setup For 12 Sep 2023 Bullish-Above 45640 Invalid-Below 45530 T- 45900 46150 Bearish- Below 45360 Invalid-Above 45470 T- 45050 44770 BANKNIFTY has closed on a bullish note with almost 1% gain today. Buy triggered as per trade setup above 45390 and 1st target was achieved (45390-45560). However the momentum was a bit lethargic. Daily range broke upside last week above 45k is also approaching towards its ATH most probably. Only thing is that it is lacking momentum however that's a trait of bull. Tomorrow also we can expect bullish momentum above today's high, idle trade will be post a pullback. Buying from support should also be approached in intraday. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45640 then we will long for the target of 45900 and 46150. For selling we need a 15 Min candle close below 45360. T- 45050 and 44770. 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
FASP levels for Bank Nifty 11/09/2023The FASP for BankNifty is listed for 11-09-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
Banknifty weekly analysis for 11/09/23.Banknifty has moved higher by 720 points this week, closing above the round number figure of 45k. Market remained bullish this week owing to the ongoing G-20 summit. On friday, banknifty closed at 45156 gaining 278 points. It has taken a good support from the weekly 20 ema and consolidated around in for 3 weeks and has given a break out. On daily charts, banknifty was struggling to cross the 20 ema but has crossed and sustained above it. The market has formed a nice bullish pattern of higher highs higher lows and is giving a good consolidation and a breakout. On 15 minute time frame, it took support from the 20 ema and has closed above both the moving averages. It also showed a fake of 45200 levels. Support :- 45080, 44860 Resistance :- 45220, 45370, 45500 Market looks bullish but still banknifty is taking resistance from 61.8% (around 45350) fibonacci levels of the major trend. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 11 Sep 2023BANKNIFTY Intraday Trade Setup For 11 Sep 2023 Bullish-Above 45390 Invalid-Below 45280 T- 45645 45900 Bearish-Below 45030 Invalid-Above 45140 T- 44770 44497 BANKNIFTY has closed on a bullish note last week and day with 1.62% and 0.62% gain respectively. It gave a breakout of the daily range (45k and 44k) in the upper side. We can expect continuation above 45400 now and next stop looks near 45600-50 zone which is a gap area. Weekly support is too far now which is 43600, gateway for downside. 45390 and 45030 are two important levels for next session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45390 then we will long for the target of 45645 and 45900. For selling we need a 15 Min candle close below 45030. T- 44770 and 44497. 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 08 Sep 2023BANKNIFTY Intraday Trade Setup For 08 Sep 2023 Bullish-Above 44920 Invalid-Below 44810 T- 45130 45365 Bearish-Below 44670 Invalid-Above 44780 T- 44440 44200 BANKNIFTY has closed on a bullish note with 1.06% gain today. Tomorrow's daily closing is very important above 44950/44000 for a range shift for 1000 points rally in the coming days. Today buy triggered as per trade setup above 44670 and hit 1st target very smoothly (44670-44915). Bullish move likely to continue above today's high on flat opening. Intraday sentiment will change to bearish below 44670. Be very strict in trailing tomorrow for both side trades. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44920 then we will long for the target of 45130 and 45365. For selling we need a 15 Min candle close below 44670. T- 44440 and 44200. 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
FASP levels for Bank Nifty 07/09/2023The FASP for BankNifty is listed for 07-09-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 07 Sep 2023BANKNIFTY Intraday Trade Setup For 07 Sep 2023 Bullish-Above 44670 Invalid-Below 44560 T- 44950 44275 Bearish-Below 44200 Invalid-Above 44310 T- 43965 43725 BANKNIFTY has closed with a slight cut of 0.28% today. It opened flat and sell triggered as per trade setup below 44400 and gave a decent move of 180 points till 44210. Once again a pinbar candle in daily TF but of no use inside the daily range. Daily range is still intact- 44k and 45k. Tomorrow above today's high if sustained in 15 Min TF then there can be a bullish momentum. However we will buy above 44670. It will bearish below 44200. 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 44950 and above 44k 44275-95. For selling we need a 15 Min candle close below 44200. T- 43965 and 43725. 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 06 Sep 2023BANKNIFTY Intraday Trade Setup For 06 Sep 2023 Bullish-Above 44670 Invalid-Below 44560 T- 44950 44250-300 Bearish-Below 44400 Invalid-Above 44510 T- 44100 43800 BANKNIFTY has closed almost on a flat note day. Nothing triggered as per trade setup today. It just traded between yesterday's buy/resistance and sell sell/support levels. Two consecutive Pin bar candles in daily charts, Above and below its higher and lower range there will be a good directional move. Daily range is intact which is 44950/45k and 44k. Tomorrow above 44670 it can give a good momentum, 44950 will the 1st stop. Above 44k if sustained there can be a short covering. 44400 is the downside gateway. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44670 then we will long for the target of 44950 and 44275-300. For selling we need a 15 Min candle close below 44400. T- 44100 and 43800. 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 5th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-down. After that, if the market declines, it will reach a demand zone. Structurally, it's a major demand zone, so once the market reaches there, we can expect a pullback. Alternatively, if it breaks the demand zone, then the correction is likely to continue. On the other hand, if the initial market takes a sharp pullback, then we can expect a range-bound market. Only if it breaks the major supply zone will it turn into a bullish continuation."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 5 Sep 2023BANKNIFTY Intraday Trade Setup For 5 Sep 2023 Bullish-Above 44660 Invalid-Below 44550 T- 44950 45215 Bearish-Below 44400 Invalid-Above 44510 T- 44100 43800 BANKNIFTY has closed on a bullish note with 0.32% gain. Today it opened with a big gap up so 10 o'clock range was to be used. 10 o'clock range broke downside below 44399 and and last swing high was 44460. It gave 80 points which was more than 1:1. Later buy triggered as per trade setup above 44570 which ended at cost. On a flat opening above 44670 bullish momentum likely to continue. 44935-50 will be an intraday resistance above which it will test 45215. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44660 then we will long for the target of 44935-50 and 45215. For selling we need a 15 Min candle close below 44400. T- 44100 and 43800. 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
1
#banknifty"Good morning! As of September 4th, the global market sentiment is neutral to slightly positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a neutral to slight gap-up. After that, if the market consolidates or breaks the immediate resistance, then we can expect a rally continuation. Alternatively, if it rejects there, then we can expect a correction, but that should break the Fibonacci level of 38%. I mentioned only the gap-up variation; however, if the market takes correction without breaking yesterday's high, then we could expect a correction ranging from 38% to 50% based on the structure. This is an indication of pullback continuation. Alternatively, if the correction breaks the Fibonacci level of 50%, then we can expect correction continuation with minor pullbacks."
NSE:BANKNIFTY
by Manickamtraders
2
BANKNIFTY Intraday Trade Setup For 04 Sep 2023BANKNIFTY Intraday Trade Setup For 04 Sep 2023 Bullish-Above 44570 Invalid-Below 44460 T- 44917 45250 Bearish-Below 44220 Invalid-Above 44330 T- 43895 43600 BANKNIFTY has with 0.46% gain last week. It closed almost on neutral note as it is at midpoint from the breakout levels. 44950/45k and 43600 is the weekly range. Breakout of this will lead to a big or at least decent directional move. Aug month candle closed and its on bear grip. Only below 43600 this grip will be confirmed or else it will be sideways. Weekly range is very important to look for a direction. 44917 and 43895 are important resistance and support zones for Monday. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44570 then we will long for the target of 44917 and 45250. For selling we need a 15 min candle close below 44220. T- 43895 and 43600. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
4
#banknifty"Good morning! As of September 1st, the global market sentiment is slightly negative (based on the Dow Jones alone). The market trend is bearish, and the market might open with a neutral to slightly lower gap. In my personal opinion, the market might enter into a range from yesterday's low to the Fib level of 38%. Therefore, we can anticipate a directional move after the range breaks. However, if it breaches yesterday's low, it will likely reach the next support level immediately."
NSE:BANKNIFTY
by Manickamtraders
Banknifty daily analysis for 01/09/23.Banknifty retested the 20 ema and again came for selling. During the opening hour market was volatile and formed a doji. After the retest market came for selling and touched 44000 levels and recovered. The market has closed 240 points lower. On the hourly charts, it traded below the moving averages and closed below it. It has taken a good support around 44000 levels and is still around it. On 15 minute time frame, the market took rejection from 200 ema and after took resistance from 20 ema. The market has closed below both the moving averages. The market for 2 consecutive day has given a fall and being a monthly expiry market didn't give much move in the second half of the session. Support :- 43950, 43750 Resistance :- 44100, 44350 The market has show some sell off in last 2 session and it may take a halt, if there is a gap up opening. Otherwise, it can again come for selling. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 1 Sep 2023BANKNIFTY Intraday Trade Setup For 1 Sep 2023 Bullish-Above 44110 Invalid-Below 44000 T- 44357 44583 Bearish-Below 43890 Invalid-Above 44000 T- 43600 43239 BANKNIFTY has closed on a bearish note with 0.55% cut today. Yesterday I indicated a pullback scenario to short again from higher levels. This was simple market structure thing as yesterday's impulse needed a pullback. Today without a pullback it dipped and sell triggered which hit sl later sell triggered below 44140 again and hit our 1st target (43900) very smoothly. Tomorrow 44110 and 43890 are important levels for intraday. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 44110 then we will long for the target of 44357 and 44583. For selling we need a 15 Min candle close below 43890. T- 43600 and 43239. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 31 Aug 2023BANKNIFTY Intraday Trade Setup For 31 Aug 2023 Sell_1_From 44550 Invalid-Above 44660 T- 44350 44150 Sell_2- Below 44140 Invalid-Above 44250 T- 43875 43600 BANKNIFTY has closed on a bearish note today with 0.59% cut. It opened with a very big gap up today so 10 o'clock range was to be used as per trade setup. 10 o'clock range broke downside below 43635 and last swing high/sl was 44695 in 5 Min TF. With just 60 points sl it gave a mega gain of 450+ points, also no previous swing high was tested so TSL was intact. Tomorrow in case of a gap near 44550 would be an opportunity to sell again with 110 points risk. Below 44140 bearish sentiment likely to follow. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes below 44140 then we will short for the target of 43875 and 43600. In case of a gap up if 44550 is tested in the first hour then we will short from there. T- 43350 and 43875. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
#Banknifty"Good morning! As of August 2nd, the global market sentiment is positive (based on the Dow Jones alone). The market trend is moderately bullish, and the market might open with a gap-up. Therefore, there is no significant difference from the last session. If the market sharply rejects the immediate resistance zone, we can anticipate a correction. Alternatively, if the market consolidates or breaks beyond it, the pullback will likely continue. On the other hand, if the gap-up doesn't sustain and breaks below the 38% Fib level, then the correction will probably persist."#nifty #banknifty #finnifty
NSE:BANKNIFTY
by Manickamtraders
FASP levels for Bank Nifty 30/08/2023The FASP for BankNifty is listed for 30-08-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 30 Aug 2023BANKNIFTY Intraday Trade Setup For 30 Aug 2023 Bullish-Above 44600 Invalid-Below 44490 T- 44840 45045 Bearish-Below 44420 Invalid- Above 44530 T- 44194 43915 BANKNIFTY has closed on an absolute flat note today. It was sideways the day. Nothing triggered as per trade setup today. Tomorrow if it sustains above today's high then there can be a good up move. However we will plan an aggressive entry above 44600 itself. Below 44220, if sustained then there can be good fall also. Hourly range is intact - 45000 and 44000. Till the time it is inside the range it is going to be sideways. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44600 then we will long for the target of 44840 and 45045. For selling we need a 15 Min candle close below 44420. T- 44194 and 43915. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto