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Bankniftyintradaytradesetup

BANKNIFTY Intraday Trade Setup For 05 Jul 2023BANKNIFTY Intraday Trade Setup For 05 Jul 2023 Buy-Above 45660 Sl-45550 T- 45950 46250 Sell-Below 45220 Sl-45330 T- 44975 44730 BANKNIFTY has closed with positive gain of 0.32% today. Last week we expected a target of 1150-1200 points above our buy level- 44500. Target almost achieved today (44500-45655). Our TSL is still intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Till then ride the open sky momentum. Today buy triggered as per trade setup above 45355 and hit 1st target. It has formed a neutral doji in daily TF. Chances of an inside candle tomorrow. 45660 and 45220 are important levels for tomorrow. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45660 then we will long for the target of 45950 and 46250. For selling we need a 15 Min candle close below 45220. T- 44975 and 44730. 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 04 Jul 2023BANKNIFTY Intraday Trade Setup For 04 Jul 2023 Buy-Above 45355 Sl-45245 T- 45665 45928 Sell-Below 45040 Sl-45150 T- 44747 44447 BANKNIFTY has closed on a bullish note with almost 1% gain today. After the daily range breakout above 44500 it is giving non-stop momentum. We will keep on riding this swing position till our TSL is hit. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Today it opened with a decent gap up above our buy level and both targets were achieved as per trade setup. Nothing triggered as per 10 o'clock range breakout. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45355 then we will long for the target of 45665 and 45928. For selling we need a 15 min candle close below 45040. T- 44747 and 44447. 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
1
BANKNIFTY Intraday Trade Setup For 03 Jul 2023BANKNIFTY Intraday Trade Setup For 03 Jul 2023 Buy-Above 44790 Sl-44680 T- 45039 45265 Sell-Below 44615 Sl-44725 T- 44370 44115 BANKNIFTY has closed at all time high with 2.58% gain last week. Last week 44100 and 43340 was the hourly range and 44500 and 43340 being the daily range. Hourly range and daily range both shifted in the upside. Index is heading towards 45700-46k zone as per the daily range shift. No sign of selling till we get a bearish price structure in daily TF. Dips will be considered to buy on a reversal sign as pullback trading. 44790 and 44615 are important levels for Monday's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44790 then we will long for the target of 45039 and 45265. For selling we need a 15 min candle close below 44615. T- 44370 and 44115. 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 30 Jun 2023BANKNIFTY Intraday Trade Setup For 30 Jun 2023 Buy-Above 44510 Sl-44400 T- 44716 44932 Sell-Below 44240 Sl-44350 T- 43995 43778 BANKNIFTY has closed on a bullish note last day with 0.47% gain. On 26 Jun EOD we planned our trade as per the symmetrical triangle breakout. Breakout happened in the upside and buy triggered above 43690 and index just exploded for a fresh ATH (43690-44500+). Last week we marked 44500 and 43340 (43400) as the daily range. We are likely to breakout above 44510 for a fresh rally. No aggressive selling till we break 43340 (43400). Last day buy triggered above 44195 and hit our 1st target 44500. 44510 and 44240 are important levels for tomorrow. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44510 then we will long for the target of 44716 and 44932. For selling we need a 15 Min candle close below 44240. T- 43995 and 43778. 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 28 Jun 2023BANKNIFTY Intraday Trade Setup For 28 Jun 2023 Buy-Above 44195 Sl-44085 T- 44510 44715 Sell-Below 43900 Sl-44010 T- 43690 43490 BANKNIFTY has closed on a bullish note with 1.1% gain today. yesterday a symmetrical triangle was plotted in the trade setup. Breakout happened in the upside and explosive move came. Buy triggered as per trade setup above 43690 and hit all our targets. Trade gave almost 500 points gain (43690-44194+). Above 44200 we will test the daily range high 44500+. For selling we need a a sell setup in intraday. However 43900 is important to watch out. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44195 then we will long for the target of 44510 and 44715. For selling we need a 15 Min candle close below 43900. T- 43690 and 43490. 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 27 Jun 2023BANKNIFTY Intraday Trade Setup For 27 Jun 2023 Buy-Above 43690 Sl-43580 T- 43910 44100 Sell-Below 43540 Sl-43650 T- 43300 43077 BANKNIFTY has closed on a complete flat note today. It traded inside previous day's range the whole day. Nothing triggered as per trade setup today. There was a trend till 10:30 which was 200 points in length, then after it was complete sideways between 43690 and 43540. This was a very narrow range, less than 150 points. We will simply use this range to build our trade tomorrow. VIX is ultra low. Breakout of the daily range will kick in momentum in intraday. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43690 then we will long for the target of 43910 and 44100. For selling we need a 15 min candle close below 43540. T- 43300 and 43077. 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 June 26th, the same sentiment continues; there is no significant difference compared to the last session. The global market is showing a neutral to slightly positive start with a moderately bearish market sentiment. There is a possibility of a slight gap-up opening. If the market experiences a pullback afterward, we can expect a minor pullback to reach the immediate resistance zone. If the market turns around there, we can anticipate a correction. Alternatively, if it breaks, we can expect a pullback continuation. On the other hand, if the initial market decline is sharp, the correction will likely continue with minor pullbacks."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 26 Jun 2023BANKNIFTY Intraday Trade Setup For 26 Jun 2023 Buy-Above 43825 Sl- 43720 T- 44040 44280 Sell-Below 43515 Sl-43620 T- 43300 43077 BANKNIFTY has closed on a bearish note last week with 0.72% cut. After the breakdown of rising wedge pattern below 43930 in hourly it is in decline mode. To change its phase index has to sustain above 44100 in hourly and daily TF. Daily range is 44500 and 43340 (43400). Breakout of this broad range will give us the next directional move for short- term. VIX will rise on this range shift. Till then zig-zag moves will be common in intraday. 43825 and 43515 are important levels for Monday's intraday. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 43825 then we will long for the target of 44040. Above 44050 it will hit 44300 zone. For selling we need a 15 Min candle close below 43515. T- 43300 and 43077. 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 weekly analysis for last week of June (26/06/23).Banknifty on the weekly charts has been forming doji after doji and has lost 300 points on week to week close. It has been consolidating on the higher levels but nifty is not supporting the up move. As nifty is still to form a new ATH whereas, banknifty has formed a new ATH. On the daily charts, market has formed a perfect doji candle after a gap down opening. Banknifty has closed below the 20 EMA and if it breaks down below 43400 levels it can test the 200 EMA. The moving averages, on the hourly charts, have converged and are close to each other. Market are yet to decide the trend. Bearish moving averages crossover is there, on 15 minutes time frame, and market has been taking rejection from 20 EMA . Support :- 43400, 43120 Resistance :- 43760, 44050 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
NiftyBank Weekly Aanlysis &Key Trading levels 26th-30th June2023NiftyBank Weekly Aanlysis &Key Trading levels 26th-30th June2023 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 June 23rd, there is no significant difference compared to the last session. The global market is showing a neutral to slightly negative start with moderately bullish market sentiment. There is a possibility of a slight gap-down opening. If the market experiences a pullback afterward, we can expect a minor pullback reaching anywhere between 38% to 61%. If the market turns around at 61% or 78%, we can anticipate a correction. Alternatively, if the initial market decline is sharp, the correction will likely continue. For pullback confirmation, consider using EMA20 and the 38% Fibonacci level, as both will indicate a conservative reversal."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 23 Jun 2023BANKNIFTY Intraday Trade Setup For 23 Jun 2023 Buy- Above 43860 Sl-43755 T- 44040 44280 Sell-Below 43660 Sl- 43765 T- 43465 43270 BANKNIFTY has closed on a bearish note with 0.31% cut. Hourly range has been updated last week only. Till the time we are inside 43390 and 44500 in hourly TF. It was said last week that we will see sideways momentum till we give hourly breakout. Range trading is all about buying from support and selling from resistance. Today buy triggered as per trade setup which hit sl then it turned full volatile inside previous day's range. 43860 and 43660 are important levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43860 then we will long for the target of 44040 and 44280-300. For selling we need a 15 min candle close below 43660. T- 43465 and 43270. 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 22 Jun 2023BANKNIFTY Intraday Trade Setup For 22 Jun 2023 Buy-Above 43950 Sl- 43845 T- 44130 44315 Sell-Below 43690 Sl-43795 T- 43514 43330 BANKNIFTY has closed with slight bullish sentiment with 0.21% gain today. Buy triggered above 43825 and gave around 100 points and closed almost at our buy level. Tomorrow can be a good trending day in both the direction above and below the key levels 43950 and 43690. Good momentum will be on breakout of this range. In between this 250 points zone it will sideways with noisy moves. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43950 then we will long for the target of 44130 and 44315. Extended T- 44510. For selling we need a 15 Min candle close below 43690. T- 43514 and 43330. 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
1
BANKNIFTY Intraday Trade Setup For 21 Jun 2023BANKNIFTY Intraday Trade Setup For 21 Jun 2023 Buy-Above 43825 Sl- 43720 T- 44100 44315 Sell-Below 43560 Sl-43665 T- 43330 43075 BANKNIFTY has closed on a bullish note with 0.3% gain today. It opened flat and sell triggered below 43500 and almost hit our 1st target . Trade gave more than 150 points gain. Later it gave a reversal above 43480 , ended with a bullish sentiment by closing at day high. Today hourly range low - 43390 was tested but none hourly candle closed below that. Now fresh level is 43340. Breakdown of this will give us the next round of selling. 43825 and 43560 are the important levels for tomorrow's session. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 43825 then we will long for the target of 44100 and 44315. For selling we need a 15 Min candle close below 43560. T- 43330 and 43075. 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