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Bankniftyintradaytradesetup

BANKNIFTY Intraday Trade Setup For 10 May 2023BANKNIFTY Intraday Trade Setup For 10 May 2023 Buy-Above 43350 Sl-43245 T- 43555 43775 Sell-Below 43120 Sl-43225 T- 42937 42759 BANKNIFTY has closed on a slight bearish sentiment with 0.2% cut. Today buy triggered as per trades setup above 43420 and gave more than 110 points gain which was 1:1. Later profit booking took place from day high. After an impulse some sideways momentum is very obvious that is why we have 2 consecutive inside candles in daily TF. Above today's high - 43535 if sustained we will have very good bullish momentum whenever it is triggered. Below today's low we can slide till some extent. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43345 then we will long for the target of 43555 and 43775. For selling we need a 15 Min candle close below 43120. T- 42937 and 42759. 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 May 9th, the global market has shown a slightly neutral to negative start, but the market is currently moderately bullish in nature. We may see a small gap-down at the start; after that, if there is a sharp pullback, the rally will continue. On the other hand, if the gap-down sustains, we could expect a minor correction with a three-wave structure. If the market declines sharply at the start and breaks the fib level of 38%, then we can expect 78% to swing low."
NSE:BANKNIFTY
by Manickamtraders
2
BANKNIFTY Intraday Trade Setup For 09 May 2023BANKNIFTY Intraday Trade Setup For 09 May 2023 Buy-Above 43420 Sl-43315 T- 43638 43858 Sell-Below 43195 Sl-43300 T- 42989 42780 BANKNIFTY has closed on a bullish sentiment with almost 1.5% gain today. Last day index closed below PDL and today it failed to hit our TSL in long as that candle's low was safe and eventually it rallied. Last day a pullback was scenario was discussed that there is a possibility that it can test 43335 in the 1st hour so has happened. Also price fell almost 150 points from 0.618 plotted. Tomorrow's best trade will be done on flat opening. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 43420 then we will long for the target of 43638 and 43858. For selling we need a 15 Min candle close below 43195. T- 42989 and 42780. 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 May 8th, the global market has shown a slightly neutral to positive start, but the market nature is bearish. We may see a small gap-up at the start, and if it sustains, we could expect a minor pullback. If it reaches the key zone, we can expect correction continuation. Alternatively, if it sustains around the key zone, that's a sign of a range market or rally continuation. On the other hand, if the market declines sharply at the start, the correction will continue with a minor pullback."
NSE:BANKNIFTY
by Manickamtraders
2
BANKNIFTY Intraday Trade Setup For 8 May 2023BANKNIFTY Intraday Trade Setup For 8 May 2023 Sell_1- Below 42580 Sl-42685 T- 42240 41958 Sell_2- From 43335 Sl-43440 T- 43085 42840 BANKNIFTY has closed on bearish sentiment last day and week with 2.34% and 1.32% cut respectively. After 5 weeks of mega rally it closed on a bearish sentiment and is likely to give small pullback below currents week's low . This pullback can take BANKNIFTY to 41600-41700. Next bullish momentum will be based on fresh bullish reversal structure in hourly and daily TF. Best trade will be on flat opening tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min closes below 42580 then we will short for the target of 42240 and 41958. In case it opens with a very big gap up then we will plan a short from 43335. T- 43085 and 42840. 43085 is yet another resistance. 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 08/05/2023The FASP for BankNifty is listed for 08-05-2023. 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 05 May 2023BANKNIFTY Intraday Trade Setup For 05 May 2023 Buy-Above 43740 Sl-43635 T- 43953 44165 Buy_2- From 43415 Sl-43310 T- 43570 43730+ BANKNIFTY has closed on a bullish note with 0.86% gain. Today buy triggered above 43355 and hit both the targets very smoothly. It gave more than 380 points gain, almost 1:4 RR. On 23 Apr we planned our long above 42385. After it was triggered since then we are enjoying non stop rally. Till now we have captured more than 1300 points. Last week also it was said that we are heading towards ATH. If a daily candle closes below PDL and that red candle's low is breached then our TSL will be hit and a sentimental halt will take place in that case. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43740 then we will long for the target of 43953 and 44165. In case it opens below today's high and 43415 is tested then we will buy from there for the target of 43570 and 43730+. 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
BANK NIFTY This is just for my personal studies and if anyone finds it useful feel free to use it but I would still bet you cannot make profits by copying anyone else strategy as you may copy the strategy but not the psychology behind it. This is how I find my supply and demand zone using indicators and I have developed my own setup. Yes it took 3-4 months to get used to the setup as developing setup is easy but to accept it deep within is difficult. It has been a good profitable year which does not guarantee it will continue the same. R-R is always 1:10 + thus the overall quarterly trades are in profits. therefore it is my psychology that helps me more than the strategy. Here is some example without using trendline but just simple supply/demand or Support/resistance levels to trade in market. Did a lot of courses, followed may people to learn stock market and it was all useless as people here can scam you easily. WAIT & HUNT
NSE:BANKNIFTY
by rrithe9
#Banknifty"Today, May 4th, the global market is indicating a negative start with a moderately bullish market sentiment. It may begin with a gap-down. Structurally, there is a range-bound market, so we will wait for the range breakout. The high probability is a downside breakout, and I have given two variations, both describing sub-wave 5th. Once the 5th is finished, we could expect a minor pullback. On the other hand, if the market takes a pullback without breaking yesterday's low, that's a sign of rally continuation."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 4 May 2023BANKNIFTY Intraday Trade Setup For 4 May 2023 Buy-Above 43355 Sl-43250 T- 43540 43755 Sell-Below 43075 Sl-43180 T- 42880 42727 BANKNIFTY has closed on a flat note today. Today it opened with a decent gap down directly at our 1st sell target which was also a PRZ (0.618) level. As usual sharp bounce came from there. Later it tested the sell level- 43260 and fell more than 150 points whish was more than 1:1. It has closed on a bullish sentiment as after a gap down opening it has closed at day high. Bullish momentum likely to continue above today's high. Index will turn change its hourly structure into bearish below 43070. 43180 is also important to watch so as early sign. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43355 then we will long for the target of 43540 and 43755. For selling we need a 15 Min candle close below 43070. T- 42880 and 42727. 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 3 May 2023BANKNIFTY Intraday Trade Setup For 3 May 2023 Buy-Above 43490 Sl-43385 T- 43715 43940 Sell-Below 43260 Sl-43365 T- 43065 42810 BANKNIFTY has closed with with a slight bullish sentiment with 0.27% gain today. Whole gain is contributed via gap up and in intraday it was just sideways within less than 200 points range. It has formed a spinning top in daily charts which is sign of pause. If it sustains below below today's low then we will can give pullback of the up move we enjoyed last week. Above today's high bullish sentiment will be intact. Initial 200 points move can be expected above and below today's high and low. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43490 then we will long for the target of 43715 and 43940. For selling we need a 15 Min candle close below 43260. T- 43065 and 42920, 42800. 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"Today, May 2nd, the global market is indicating a positive start with a bullish market sentiment. It may begin with a gap-up. After that, if the market sustains, we can expect a continuation of the rally with minor consolidation. On the other hand, the initial market might be rejected, but structurally it shouldn't lead to a big correction. We can expect a minimum correction of 23% to 38%. If it breaks 38%, then we will wait for good confirmation before initiating a short sell."
NSE:BANKNIFTYLong
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 02 May 2023BANKNIFTY Intraday Trade Setup For 02 May 2023 Buy-Above 43305 Sl-43195 T- 43535 43765 Sell-Below 43000 Sl-43110 T- 42789 42600 BANKNIFTY has closed on a bullish sentiment with 0.54% and 2.65% gain last day and week respectively. Last week it was said that above 42385 is the breakout level when price was at 42118. After it was triggered it has given more than 900 points gain. We will ride this trade with TSL as PDL (CB). There will be sentimental halt only when we will close below PDL. Bullish momentum likely to continue above today's high. We have been riding this mega move from 39710 in pieces. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 43310 then we will long for the target of 43535 and 43765. For selling we need a 15 Min candle close below 43000. T- 42789 and 42600. 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 Apr 2023BANKNIFTY Intraday Trade Setup For 28 Apr 2023 Buy-Above 43045 Sl-42935 T-42335 42620 Sell-Below 42790 Sl-42900 T- 42615 42430 BAKNIFTY has closed on a bullish sentiment with 0.4% gain today. Last week it was said that 42380 is very important above which we we will plan the directional trade. After it was triggered we are in smooth profit of more than 650 points (42380-43043+). Bullishness likely to continue above today' s high. Today buy triggered above 42880 which was updated to exit at cost and was told to enter in the next time. Later in the 2nd attempt it gave more than 150 points after re-entry. Momentum was sideways unlike NIFTY. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43045 then we will long for the target of 43335 and 43620. For selling we need a 15 Min candle close below 42795. T- 42615 and 42430. 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