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BANKNIFTY Intraday Trade Setup For 18 Aug 2023BANKNIFTY Intraday Trade Setup For 18 Aug 2023 Bullish-Above 44075 Invalid-Below 43965 T- 44325 44575 Bearish-Below 43740 Invalid-Above 43850 T- 43490 43239 BANKNIFTY has closed almost flat today with minor cut of 0.13%. It has formed a neutral doji candle in daily TF. Buy triggered as per trade setup above 44005, last day it was said to be very strict in trailing as per previous swings in any side. Long trade hit TSL near cost. Then sell triggered as per trade setup which ended again near cost EOD. Tomorrow above 44075 buyers will try to close the week on a bullish sentiment, below 43740 it will be bearish. Be strict in trailing in 5 MIN TF as per previous high/low. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44075 then we will long for the target of 44325 and 44575. For selling we need a 15 Min candle close below 43740. T- 43490 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"Good morning! As of August 17th, there isn't a significant difference from the last session. The global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a range-bound market or a pullback continuation. If it breaks the immediate support zone, then the correction will likely continue."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 17 Aug 2023BANKNIFTY Intraday Trade Setup For 17 Aug 2023 Bullish- Above 44005 Invalid-Below 43895 T- 44290 44575 Bearish-Below 43830 Invalid-Above 43940 T- 43535 43239 BANKNIFTY has closed with a 0.33% cut today. it opened with a big gap down but intraday sentiment changed after the 15 Min candle and slowly and slowly there was recovery. 10 o'clock range broke upside above 43852 and gave around 150 points, however sl was hunted in the 1st attempt. Important levels for tomorrow's session are 44005 and 43830. Keep tight trailing in tomorrow's session after trade goes in favor till some extent, valid for both sides. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 44005 then we will long for the target of 44290 and 44575. For selling we need a 15 Min candle close below 43830. T- 43535 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 16 Aug 2023BANKNIFTY Intraday Trade Setup For 16 Aug 2023 Bullish-Above 44215 Invalid-Below 44105 T- 44475 44737 Bearish-Below 43990 Invalid-Above 44100 T- 43770 43515 BANKNIFTY has closed with a minor cut of 0.24% today. Closing sentiment is bullish BTW as its a pin bar candle in daily TF. So above 44215 if sustained in 15 Min TF we can expect a continuation of today's up move. Important level for downside is 43990 however the main move will come below 43770. We will consider a reversal trade in hourly TF only when a proper W structure starts to form which will be updated here. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44215 then we will long for the target of 44475 and 44737. For selling we need a 15 Min candle close below 43990. T- 43770 and 43515. 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 14 Aug 2023BANKNIFTY Intraday Trade Setup For 14 Aug 2023 Bullish-Above 44470 Invalid-Below 44360 T- 44737 45050 Bearish-Below 44120 Invalid-Above 44230 T- 43795 43515 BANKNIFTY has closed on a bearish sentiment last day and week with 0.77% and 1.52% cut respectively. Since 45620 broke we have been in sell on rise mode. And every week it has been updated that index is 'sell on rise' especially in hourly TF. Next probable support seems near 43200 zone. While major support is 42500 zone. No bullish view till we get a breakout of last swing high in daily TF. 44470-80 and 44120 are important levels for tomorrow's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44470 then we will long. T- 44737 45050. For selling we need a 15 Min candle close below 44120. T- 43795 and 43515. 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
NiftyBank Key weely Trading Levels 14th Aug-18th Aug 2023NiftyBank Key weely Trading Levels 14th Aug-18th Aug 2023 Looking for profitable Options trading opportunities for the week of 14th Aug-18th August 2023. In this video, I'll be sharing the option buying and selling levels for Nifty50, Banknifty & Finnifty for the week 14th Aug-18th August 2023,Learn how to make informed decisions and maximize your returns in the stock market. Don't miss out on this valuable trading insight! Join me as we analyze the market and identify potential winning trades. Get ready to take your trading game to the next level. Disclaimer: I do not give any tips or buy sell recommendation I only teach trading strategies. These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view. Please consult your Financial Advisor before making any trading decision
NSE:BANKNIFTY
by sbkurandwad77
#banknifty"Good morning! As of August 11th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), while the market trend is moderately bearish. Therefore, there might be a start with a minor gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. or if it breaks it(immediate support zone), then the correction will likely continue. On the other hand, if the initial market shows a positive start, we can expect a ranging market."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 11 Aug 2023BANKNIFTY Intraday Trade Setup For 11 Aug 2023 Bullish-Above 44735 Invalid-Below 44625 T- 44980 45290 Bearish-Below 44410 Invalid-Above 44520 T- 44170 43907 BANKNIFTY has closed on a bearish note with 0.76% cut. Yesterday closed on a bullish note although there was slight cut. It was discussed that 44700 zone will act as a support zone in case of a gap down. It worked perfectly, giving us 250+ points bounce. Later there was total volatility due to RBI event. Tomorrow on flat opening above 44610 there can be some small bounce however buy level is 44735. Same goes for downside, on a flat opening below 44410 we will get a trendy move. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 44735 then we will long for the target of 44980 and 45290. For selling we need a 15 Min candle close below 44410. T- 44170 and 43907. 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 10th, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend remains moderately bullish. There is no significant difference from the last session. Therefore, whether it opens with a gap-up or down, it won't matter. If the initial market experiences sharp declines, we can anticipate a ranging market or a correction. On the other hand, if the market exceeds yesterday's high, we can expect the rally to continue with minor corrections. However, the important thing to note is that today's market has a significant event: the RBI MPC meeting at 10 am. This is a major event, and the market will likely move based on its outcome. So, it's advisable to take your position a bit more cautiously. "
NSE:BANKNIFTY
by Manickamtraders
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BANKNIFTY Intraday Trade Setup For 10 Aug 2023BANKNIFTY Intraday Trade Setup For 10 Aug 2023 Bullish- Above 44925 Invalid-Below 44815 T- 45140 45355 Bearish- Below 44530 Invalid-Above 44640 T- 44250 44000 BANKNIFTY has closed with a minor cut of 0.19% today, but it closed on a positive sentiment as it has formed a Pin bar candle in daily TF. It opened flat and sell triggered as per setup and first target was achieved. If it sustains above 44925 then we can expect good bullish momentum tomorrow. in case it tests 44715 then it can act as a support. While we have to wait for the breakout of 44530 for a trendy short. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle close above 44925 then we will long for the target of 45140 and 45355. For selling we need a 15 Min candle close below 44530. 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. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
#banknifty"Good morning! As of August 9th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), while the market trend remains moderately bullish. There is no significant difference from the last session. Therefore, whether it opens with a gap-up or down, it won't matter. If the initial market experiences sharp declines, we can anticipate a ranging market. However, if it breaks the immediate support zone, the correction is more likely to continue.. On the other hand, should the market exceed yesterday's high, we can expect the rally to continue with minor corrections."
NSE:BANKNIFTY
by Manickamtraders
FASP levels for Bank Nifty 08/08/2023The FASP for BankNifty is listed for 08-08-2023. 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 09 Aug 2023BANKNIFTY Intraday Trade Setup For 09 Aug 2023 Bullish-Above 45100 Invalid-Below 44990 T- 45355 45613 Bearish-Below 44880 Invalid-Above 44990 T-44585 44250 BANKNIFTY has closed on a slight bullish note with 0.28% gain today. It was yet another day of consolidation. Since last 3 sessions index has been trading without momentum. It has been contracting since last few days and this usually happens before any start of a big move. Tomorrow whichever side it trade gets triggered follow 10 o'clock range breakout along with that. Important levels are 45100 and 44880 for tomorrow's session. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45100 then we will long for the target of 45355 and 45612. For selling we need a 15 Min candle close below 44880. T- 44585 and 44250. 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 8th, there is no significant difference compared to the last session. The global market sentiment is slightly positive (based on the Dow Jones alone), while the market trend remains moderately bullish. Therefore, whether it opens with a gap-up or down, it doesn't matter. If the initial market experiences sharp declines, we can anticipate a ranging market. On the other hand, if the market surpasses yesterday's high, we can expect a continuation of the rally with minor corrections."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 08 Aug 2023BANKNIFTY Intraday Trade Setup For 08 Aug 2023 Bullish-Above 45015 Invalid-Below 44905 T- 45290 45612 Bearish-Below 44770 Invalid-Above 44880 T- 44510 44279 BANKNIFTY has closed on absolute flat note. Last day it was discussed that index has created a a bit big range which was 45120 44590. It was said that it is no trading range till breakout happens. Result is in front of us, it was total sideways and noisy inside the range. Nothing triggered as per trade setup. Today it has consolidated in a tight range of 240 points. Will simply trade on this range breakout. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45015 then we will long for the target of 45290 and 45615. For selling we need a 15 Min candle close below 44770. T- 44510 and 44279. 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 07 Aug 2023BANKNIFTY Intraday Trade Setup For 07 Aug 2023 Bullish-Above 45120 Invalid-Below 45010 T- 45441 45733 Bearish-Below 44590 Invalid-Above 44700 T- 44279 44000 BANKNIFTY has closed on a bearish note this week with 1.29% cut. In the last weekend it was discussed that index is sell on rise as per the hourly TF as it broke important swing low of 45620. A sign of reversal in the hourly TF as per the Friday bounce can be above 45120. Important level for downside in hourly TF is 44270. Intraday range for next session is a bit big, 45120 and 45590 being important level. Inside this range it is no trading zone. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45120 then we will long for the target of 45441 and 45733. For selling we need a 15 Min candle close below 44590. T- 44279 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. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
#Banknifty"Good morning! As of August 4th, there is no significant difference compared to the last session. However, the global market sentiment is slightly positive (based on the Dow Jones alone), and the market trend is bearish. There is a possibility of opening with a neutral to slight gap-up. Afterward, if the initial market breaks the previous day's closing price, it will reach the 38% Fib level. This level acts as a strong resistance, so there might be a rejection here. We can expect a continuation of the pullback only if the market breaks the 38% Fib level. On the other hand, if the initial market experiences sharp declines, we can anticipate a continuation of corrections with minor pullbacks, but it should break the previous day's low."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 04 Aug 2023BANKNIFTY Intraday Trade Setup For 04 Aug 2023 Sell_1- From 44890 Sl-45000 T- 44600 44300 Sell_2- Below 44270 Sl-44380 T- 44000 43750 BANKNIFTY has closed on a bearish note once again with more than 1% cut. Sell triggered as per trade setup below 44720 and hit almost both the targets (44720-44280). Tomorrow we if there is a gap up opening near 44890 then we will short from there once again, one can take 5 Min candle low as trigger. If sell triggers below 44270 tomorrow and it reverses by making a morning star in 15 Min TF or the 10 o'clock range breakout happens in the upside then only we will consider buying. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44270 then we will short for the target of 44000 and 43750. 2nd sell position will be considered from 44890. T- 44610 and 44300. 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
FASP levels for Bank Nifty 04/08/2023The FASP for BankNifty is listed for 04-08-2023. 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"Good morning! As of August 3rd, the global market sentiment is slightly negative (based on the Dow Jones alone), and the market trend is bearish. Therefore, whether it opens with a gap-up or down doesn't matter. If the initial market experiences sharp declines, we can anticipate a continuation of corrections with minor pullbacks (potentially breaking the previous day's low). On the other hand, if the initial market undergoes some consolidation, there is a possibility of a 50 to 61% pullback (with the potential to break the 38% Fib level)."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 03 Aug 2023BANKNIFTY Intraday Trade Setup For 03 Aug 2023 Bullish-Above 45135 Invalid-Below 45025 T- 45410 45687 Bearish-Below 44720 Invalid-Above 44830 T- 44467 44215 BANKNIFTY has closed on a bearish note with 1.31% cut today. It opened with a big gap down today and it was sustained. All sell targets were hit although 10 o'clock range was valid as per analysis in today's market It was a big gap down day. 10 o'clock range broke downside below 45260 and last swing high was near 45350, around 90 points risk. It gave a trendy move till 44721. In the weekend it was said that it is sell on rise bcs it broke hourly swing low of 45620. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 45135 then we will long for the target of 45410 and 45687. For selling we need a 15 Min candle close below 44720. T- 44467 and 44215. 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