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Bankniftyintradaytradesetup

BANKNIFTY Intraday Trade Setup For 06 Jun 2023BANKNIFTY Intraday Trade Setup For 06 Jun 2023 Buy-Above 44270 Sl-44165 T- 44515 44755 Sell-Below 44070 Sl- 44175 T- 43840 43680 BANKNIFTY has closed on a bearish sentiment with some positive gain today. It has closed with 0.37% gain and formed shooting star candle in daily chart. It opened with a decent gap up and buy triggered above 44090. Trade gave more than 1:1 gain. It was a rangebound day overall as it traded between the 10 o'clock range range whole day. A sharp buying momentum can kick in above 42270. Hourly range is 44500 and 43700, between this we will have days like today. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44270 then we will long for the target of 44515 and above that 44755. For selling we need a 15 Min candle close below 44070. T- 43840 and 43680. 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 05/06/2023The FASP for BankNifty is listed for 05-06-2023. 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 05 June 2023BANKNIFTY Intraday Trade Setup For 05 June 2023 Buy-Above 44090 Sl- 43985 T- 44305 44515 Sell-Below 43840 Sl-43945 T- 43680 43475 BANKNIFTY has closed on a slight bearish note last week, after a fresh ATH which we were targeting since long time. In hourly TF we are currently inside the parallel channel/ rising wedge pattern. We tested the the lower trendline last week and then a small support was taken. Now breakout of this rising wedge will be considered below 43700. Above 44090 if we sustained then more bounce from the lower trendline will unfold. Important turning point level is 44500 in the upside for a bullish momentum. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44090 then we will long for the target of 44305 and 44515. For selling we need a 15 Min candle close below 43840. T- 43680 and 43475. 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 02/06/2023The FASP for BankNifty is listed for 02-06-2023. 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 02 Jun 2023BANKNIFTY Intraday Trade Setup For 02 Jun 2023 Buy-Above 44000 Sl-39895 T- 44265 44515 Sell-Below 43700 Sl-43805 T- 43500 43295 BANKNIFTY has once again closed on a bearish note with 0.77% cut. Today it opened flat and traded between last day's range for the whole day. Only in the last 15 Min the range low was tested. Below today's low there will a rising wedge breakdown in hourly TF. So we can expect good down move in below the trendline in hourly TF. Bullish momentum will start above 44500. This will be a short term breakout in the daily TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44000 then we will long for the target of 44265 and 44515. For selling we need a 15 Min candle close below 43700. T- 43500 and 43295. 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 01/06/2023The FASP for BankNifty is listed for 01-06-2023. 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 1 Jun 2023BANKNIFTY Intraday Trade Setup For 1 Jun 2023 Buy-Above 44270 Sl-44165 T- 44515 44755 Sell-Below 43820 Sl-43925 T- 43575 43330 BANKNIFTY has closed on a bearish note with 0.69% cut today. It opened with a slight gap down and then sell triggered with a very big candle. Trade hit both the targets as per trade setup. 10 o'clock range broke downside below 44050 and gave a trendy move. Trade gave more than 200 points with around 100 points which was 1:2 (44050-43823). Today's low is very important. If tomorrow's low is breached tomorrow then we will initiate the pullback move in daily TF. Sustaining above today's high in daily TF may result in uptrend continuation. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44270 then we will long for the target of 44515 and 44755. For selling we need a 15 Min candle close below 43820. T- 43575 and 43330. 44045 is turning point for both sides. 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 May 2023BANKNIFTY Intraday Trade Setup For 31 May 2023 Buy-Above 44500 Sl- 44395 T- 44755 45026 Sell-Below 44360 Sl-44465 T- 44190 43965 BANKNIFTY has once again closed on a slight bullish note with 0.28% gain. Today it opened flat and traded within previous day's range. Nothing triggered as per trade setup. Intraday momentum was complete sideways after the 1st 15 Min candle , just like yesterday. Index has been in consolidating between 44500 and 44190 for the last two days. Breakout of this range may result in trendy move. For tomorrow's session 44500 and 44360 are important levels. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44500 then we will long for the target of 44755 and 45026. For selling we need a 15 Min candle close below 44360. T- 44190 and 43965. 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 31/05/2023The FASP for BankNifty is listed for 31-05-2023. 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 30 May 2023BANKNIFTY Intraday Trade Setup For 30 May 2023 Buy-Above 44485 Sl-44380 T- 44755 45026 Sell-Below 44190 Sl-44295 T- 43965 43735 BANKNIFTY has closed with 0.67% gain today. On weekend we discussed that index is ready for another short term bullish momentum which is active now. The daily range has been broken in the upside. Today it opened with a big gap up and then after the 1st 15 Min candle index was inside 10 o'clock range. It was a sideways momentum market. Now approach will be to buy on dips as the mother trend is bullish. Keep a strict trailing in sell side whenever we get. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44485 then we will long for the target of 44755 and 45026. For selling we need a 15 Min candle close below 44190. T- 43965 and 43735. 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 30/05/2023The FASP for BankNifty is listed for 30-05-2023. 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
#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