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Bankniftyintradaytradesetup

#BankniftyGood morning! As of May 29th, the global market indicates a positive start with a bullish market nature. The SGX Nifty indicates a long gap-up, so we don't know exactly where it will open. Structurally, it's a strong bullish market. If it breaks the major key zone, we can expect a rally continuation. On the other hand, if it declines at the start, we can expect a minor correction. It could possibly indicate a rally continuation. Due to the trend, market consolidation will mostly follow the trend. Therefore, if it experiences a minor correction (within the Fibonacci level of 38%), we can expect a rally continuation in the upcoming sessions.
NSE:BANKNIFTY
by Manickamtraders
FASP levels for Bank Nifty 29/05/2023The FASP for BankNifty is listed for 29-05-2023. 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 29 May 2023BANKNIFTY Intraday Trade Setup For 29 May 2023 Buy-Above 44070 Sl-43965 T- 44300 44531 Sell-Below 43840 Sl-43945 T- 43580 43330 BANKNIFTY has closed on a slight bullish sentiment last week and day with 0.48% and 0.77% respectively. Last week it was inside the the range of 44160 and 43440 CB. Daily range for this week is 44160 and 43390. This range breakout has to be sustained in daily TF. A good bullish momentum is likely to unfold above ATH. Below 43390 position sell will be triggered. Bullish momentum likely to continue above 44070, best suited on flat on flat opening. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44070 then we will long for the target of 44300 and 44531. For selling we need a 15 Min candle closes below 43840. T- 43580 and 43330. 43735 can be an intraday support. 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 26/05/2023The FASP for BankNifty is listed for 26-05-2023. 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:BANKNIFTYShort
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 26 May 2023BANKNIFTY Intraday Trade Setup For 26 May 2023 Buy-Above 43720 Sl-43615 T- 43910 44100 Sell-Below 43390 Sl-43495 T- 43200 43017 BANKNIFTY has closed on absolute flat note today. Sell triggered below 43635 and hit our 1st target very smoothly (43635-43391). There was a sharp recovery from the 1st support zone and it closed at day high. Today hourly zone was tested, now below 43390 we will open a short short trade below 43390 positionally. It has formed a pin bar candle in daily charts, above its high 43720 there can be good up move. 43555 is deciding level for both sides in intraday. However we will short below 43390. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43720 then we will long for the target of 43910 and 44100. For selling we need a 15 Min candle close below 43390. T- 43200 and 43017. 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 25th may expiry inverted hammerbanknifty in daily timeframe formed inverted hammer which is a sign for reversal and in weekly timeframe it is forming evening star pattern. This week expiry looking range bound (similar to the finnifty) so trade with less quantity or go for next week expiry(june series) to avoid premium decay. possibility of short covering on either side is possible. Buy above 44057(43900 CE) Target 44132,44282,44410,44550 Sell below 43579 (43800 PE) Target 43465, 43333 OI Data 44000 Call writing: 81 lacs 43500 put writing. : 51 lacs
NSE:BANKNIFTY
by rajender.kundhuri
1
BANKNIFTY Intraday Trade Setup For 25 May 2023BANKNIFTY Intraday Trade Setup For 25 May 2023 Buy-Above 43855 Sl-43750 T- 44100 43305 Sell-Below 43635 Sl-43740 T- 43425 43235 BANKNIFTY has closed on a bearish note with 0.63% cut today. It opened with a decent gap down and 10 o'clock range broke upside above 43920 and gave around 90 points gain. Later sell triggered below 43850 and hit our 1st target very smoothly (43850-43640). Till now index is inside hourly range discussed last week. Hourly range is 44160 and 43440. There can be good selling pressure below 43635 if sustained. Above 43855 we can get good upside momentum. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43855 then we will long for the target of 44100 and 44305. For selling we need a 15 min candle close below 43635. T- 43425 and 43235. Ride the sell move with previous high as TSL in 5 MIN TF. 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 24/05/2023The FASP for BankNifty is listed for 24-05-2023. 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:BANKNIFTYShort
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 24 May 2023BANKNIFTY Intraday Trade Setup For 24 May 2023 Buy-Above 44100 Sl-43995 T- 44305 44555 Sell-Below 43850 Sl-43955 T- 43670 43480 BAKNIFTY has closed with a slight gain 0.16% gain today. It was complete sideways market, except the last 45 Min small downside move. Buy triggered as per trade setup but it just consolidated at buying price almost the whole day which eventually hit sl post 3PM. BANKNIFTY is consolidating tightly in daily and hourly TF. Hourly major swing are 44160 and 43440. Breakout of this range will give us the next trendy move. Above 44100 we can expect good upside momentum. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44100 then we will long for the target of 44305 and 44555. For selling we need a 15 Min candle close below 43850. T- 43670 and 43480. 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
2
#BankniftyGood morning! As of May 23rd, the global market has shown a neutral to slightly positive start with a moderately bullish market nature. There may be a gap-up at the beginning. After that, if it sustains or if the market sharply pulls back at the start, we can expect a continuation of the rally with minor consolidation. Additionally, Nifty is currently exhibiting a long rally, while Bank Nifty is in a range market with a bullish structure. Once the range market breaks, the rally may take off sharply. On the other hand, if the market declines or rejects the immediate key zone at the start, we can anticipate a range-bound market or a continuation of the correction.
NSE:BANKNIFTY
by Manickamtraders
FASP levels for Bank Nifty 23/05/2023The FASP for BankNifty is listed for 23-05-2023. 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:BANKNIFTYLong
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 23 May 2023BANKNIFTY Intraday Trade Setup For 23 May 2023 Buy-Above 44030 Sl-43925 T- 44305 44555 Sell-Below 43680 Sl-43785 T- 43480 43275 BANKNIFTY has closed with a slight cut of 0.19% today. Last day it formed a Pin bar and we anticipated a bullish momentum above its high. It did not trigger our buy level as 15 Min candle did not close. Later sell triggered below 43790 and gave 100 points gain (1:1). A Pin bar candle has been formed once again in daily TF, high and low are very important for a directional move. It has formed a symmetrical triangle in 15 Min TF. Breakout of this and sustained price action will give us a good direction move. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 44030. T- 44305 and 44555. For selling we need a 15 Min candle close below 43680. T- 43480 and 43275. 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 22/05/2023The FASP for BankNifty is listed for 22-05-2023. 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:BANKNIFTYLong
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 22 May 2023BANKNIFTY Intraday Trade Setup For 22 May 2023 Buy-Above 44021 Sl-43915 T- 44305 44555 Sell-Below 43790 Sl-43900 T- 43530 43290 BANKNIFTY has closed on bullish note last day and week with 0.5% and 0.4% gain respectively. Last week it traded within a range of 750 points. 44160 and 43440 are important levels and hourly range. Breakout of this range will give us a directional move. Last day it formed a pin bar candle in daily TF. So we can expect a good up move above last day's high- 44021. Below 43440 we will initiate a bigger pullback/down move. If we sustain above 44160 then we may hit 45025 in the higher side. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44021 then we will long for the target of 44305 and 44555. For selling we need a 15 Min candle close below 43790. T- 43530 and 43290. 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