Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone Sell - Below Side-ways-zone See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 ______________________________________ Rules to fallow... 1) Wait for...
BANKNIFTY Intraday Trade Setup For 27 Mar 2024 Bullish-Above 46800 Invalid-Below 46690 T- 47250 Bearish-Below 46500 Invalid-Above 46610 T- 46050 BANKNIFTY has closed on a bearish note with 0.56% cut today. All this cut was contributed due to sustained gap down opening. It was a complete option seller's day as it traded within 250 points the whole day. Tomorrow...
For last few trading sessions, market is volatile and is taking the stop losses. Today also the market remained in a range and closed below the daily 20 ema. There is a rejection from the levels and an inverted hammer is formed on the daily charts. If there is a gap up to flat opening and market starts trading below today's low, it can test the lower support...
A big red candle on the weekly charts after 4 consecutive green candle is either profit booking or a double top formation confirmation. Banknifty has come for selling but the downside movement is slow which shows there are still buying happening in the market. There is doji formation on the daily charts and a significant selling is not there in the index as...
BANKNIFTY Intraday Trade Setup For 22 Mar 2024 Bullish-Above 47000 Invalid-Below 46890 T- 47615 Bearish-Below 46550 Invalid-Above 46660 T- 46050 45640 BANKNIFTY has closed on a bullish note with 0.81% gain today. While all this gain was entirely contributed via gap up backed by FED outcome overnight. It has formed a shooting star candle in daily TF. So below...
BANKNIFTY Intraday Trade Setup For 21 Mar 2024 Bullish-Above 46750 Invalid-Below 46640 T- 47350 Bearish-Below 45800 Invalid-Above 45910 T- 45220 BANKNIFTY has closed with a minor cut of 0.16% today. The 50 EMA in daily TF has really become like a magnet which pulls BANKNIFTY closure whenever it inches away. Today sell triggered below 46250 but breakout candle...
Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone Sell - Below Side-ways-zone See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 ______________________________________ Rules to fallow... 1) Wait for...
BANKNIFTY Intraday Trade Setup For 20 Mar 2024 Bullish-Above 46750 Invalid-Below 46640 T- 47255 Bearish-Below 46250 Invalid-Above 46360 T- 45660 45140 BANKNIFTY has closed on a bearish with 0.41% cut today. Index has closed below 50 EMA after after 18 days. Now below today's low 46250 there can be a strong downmove however key level is 46000. Tomorrow's best...
Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone Sell - Below Side-ways-zone See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 ______________________________________ Rules to fallow... 1) Wait for...
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout...
BANKNIFTY Intraday Trade Setup For 19 Mar 2024 Bullish-Above 46750 Invalid-Below 46640 T- 47350 47855 Bearish-Below 46000 Invalid-Above 46110 T- 45430 44819 BANKNIFTY has closed on an absolute flat note today. For the 3rd day index is playing around 50 EMA on close to close basis. However it has formed a Pinbar candle in daily TF. Above its high there can be a...
Time Period (1-3 Days) Buy BANKNIFTY Above 46940 Stop Loss 46620 Target 47170-47300
BANKNIFTY Intraday Trade Setup For 18 Mar 2024 Bullish-Above 46810 Invalid-Below 46700 T- 47375 47855 Bearish-Below 46300 Invalid-Above 46410 T- 45750 45220 BANKNIFTY has closed on a bearish note last week with 2.6% cut last week. Index is at 50 EMA in daily TF. If at all index has to take support from this zone then we will wait for a bullish price structure...
BANKNIFTY Intraday Trade Setup For 15 Mar 2024 Bullish-Above 47250 Invalid- Below 47140 T- 48040 Bearish-Below 46550 Invalid-Above 46660 T- 45930 45360 BANKNIFTY has closed on a bearish note with 0.41% cut today. Index is at a decisive level, 50 EMA in daily TF. If it all it has to take support then 46550 should be safe and should make a bullish price...
After 3 days holiday markets will open tomorrow. Banknifty has been halting around the higher levels and constantly facing rejection around 48k levels. On the weekly charts, there is a bullish move in the market and seems to continue as nifty is around the highs but banknifty is still lagging behind it. An inside candle has been formed on the daily charts and...
BANKNIFTY Intraday Trade Setup For 14 Mar 2024 Bullish-Above 47250 Invalid-Below 47140 T- 47850 Bearish-Below 46840 Invalid-Above 46950 T- 46218 45640 BANKNIFTY has closed on a bearish note with 0.64% cut today. However BANKS were defending NIFTY or else NIFTY would have tanked much more resulting into pure panic selling. Sell triggered as per trade setup...
BANKNIFTY Intraday Trade Setup For 13 Mar 2024 Bullish-Above 47500 Invalid-Below 47390 T- 47855 48385 Bearish-Below 47150 Invalid-Above 47260 T- 46645 BANKNIFTY closed almost on a flat note with a minor cut of 0.1% after a huge volatility today. As per the trade setup short triggered @ 47810 and gave a nose dive till 46885. Plotted half bat worked like a dot...
Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone / with support of PDL / with support of Strong-resistance Sell - Below Side-ways-zone / with rejection of PDH / with rejection of Strong - resistance See the price action at our zones, take the trade according to your...