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Bankniftyintradaytradesetup

BANKNIFTY Intraday Trade Setup For 19 Apr 2023BANKNIFTY Intraday Trade Setup For 19 Apr 2023 Buy-Above 42365 Sl-42355 T- 42575 42800 Sell-Below 42110 Sl-42220 T-41917 41719 BANKNIFTY has closed on a neutral note and formed an inside candle in daily TF. Its sign of contraction. This usually happens after a big rally. After some days this contraction will burst out till then it can have a sideways momentum. Today by triggered above 42370 and gave more than 120 points gain (1:1). In the second half we saw a profit booking from day high , this move may continue below today's low and proceed towards 41700 zone. Its an inside candle so above 42605 we can expect upside move. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42365 then we will long for the target of 42575 and 42800+. For selling we need a 15 Min candle close below 42110. T- 41917 and 41719. 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"On the trading day of April 18th, the global market is indicating a slightly negative start, and the market sentiment is moderately bullish. Structurally, there is a lower probability for a big rally, but if the market initially shows a strong pullback, we can consider that the pullback will turn into a rally continuation. However, the immediate upside key level will be a potential rejection point. On the other hand, if there is an initial decline, we can expect a correction."
NSE:BANKNIFTY
by Manickamtraders
2
BANKNIFTY Intraday Trade Setup For 18 Apr 2023BANKNIFTY Intraday Trade Setup For 18 Apr 2023 Buy-Above 42370 Sl-42260 T- 42800 43117 Sell-Below 42150 Sl-42260 T- 41975 41775 BANKNIFTY has closed on a positive note with 0.31% gain today. It was a bit volatile since opening till the day low. It opened with a crazy gap up and sold into immediately. In the weekend it was said that there is a chance of pullback before any further upside move. A pullback has been given yet small. Also our TSL for swing long position is still intact as PDL is safe (CB). Today's low is 17790 is important , breakdown can start the pullback move. Today 2nd buy level was triggered and it just gave V shape recovery almost from our 2nd buy zone mentioned in the trade setup. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 42365 then we will long for the target of 42585-42.6k and 42800. For selling we need a 15 Min candle close below 42150. T- 41975 and 41775. 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 17 Apr 2023BANKNIFTY Intraday Trade Setup For 17 Apr 2023 Buy_1-Above 42200 Sl-42090 T- 42350 42505 Buy_2- From 41750 Sl-41640 T- 41975 42200 BANKNIFTY has closed a bold bullish note last day and week with 1.38% and 2.66% gain respectively. Our long trade from 39710 has hit 2 targets very smoothly and quickly. Long trade on 20 Mar Trade Setup. Till now it has given 2400+ points gain. TSL is intact which is PDL (CB). One can book some gain now. 2 weeks back it was updated that we have changed sentiment to bullish when morning star was formed and activated in weekly TF. Last month's high has been crossed but one pullback is pretty much expected before any further up move and this will be activated when we make a bearish price structure in hourly TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42200 then we will long for the target of 42350 and 42505. We will buy from 41750 zone also if it is tested in the 1st hour on Monday. 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 13 Apr 2023BANKNIFTY Intraday Trade Setup For 13 Apr 2023 Buy-Above 41615 Sl-41505 T- 41730 41850 Sell-Below 41465 Sl-41575 T- 41300 41115 BANKNIFTY has closed once again on a positive note with almost 0.5% gain. The long trade which we took from 39710 (trade shared on 20 Mar Trade Setup). It is in a profit of almost 1900 points. Our TSL as said is the PDL (CB) or the last swing low in hourly TF. We will book our gains when our TSL is hit or else just keep on riding this parabolic move. Today buy triggered as per trade setup and hit our 1st target EOD. Trade gave almost 200 points (1:2). Tomorrow is expiry and so we have to be careful as there can a chance of profit booking. Coming to Thursday's trade setup, if index opens flat and and a 15 Min candle closes above 41615 then we will long for the target of 41730 and 41860. For selling we need a 15 min candle close below 41465.T- 41300 and 41115. 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
#Banknifty"Trading day, April 12th: The global market indicates a neutral start with a bullish sentiment. If the initial market takes a sharp pullback, we can expect a rally continuation. and if the pullback takes place slowly and consolidates, that's a sign of distribution, and we can expect a correction when it rejects the major resistance zone. On the other hand, if the initial market declines sharply, we can expect a correctional wave. that should break fib level 38%. and if the market breaks 38%, then we can expect a minimum of 78% to the extension level of 1.27. or if the decline doesn't break 38%, that's a sign of a range market to rally continuation.
NSE:BANKNIFTY
by Manickamtraders
Banknifty-12/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-12/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 41230 - 41244 Possibilities of Today market open... Possibility 1: FLAT If market open as a GAP-UP and moves to UP-Side then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of S and SELL with the Rejection of S. Possibility : GAP-UP If market open as a FLAT and moves to UP - SIDE then BUY with the Support of Red-Zone and SELL with the Rejection of Red-Zone. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of PDH and SELL with the Rejection of PDH. Possibility 3: GAP-DOWN If market open as a GAP - DOWN and moves to UP-Side then BUY with the Support of S and SELL with the Rejection of S. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- 0.5-> 0.5% Swing PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PDO-> Previous Day Open PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY Intraday Trade Setup For 12 Apr 2023BANKNIFTY Intraday Trade Setup For 12 Apr 2023 Buy-Above 41405 Sl-41300 T-41550 41700 Sell-Below 41230 Sl-41330 T-41075 40930 BANKNIFTY has closed on a bullish note with 1.3% gain. Today it opened with a big gap up and sustained that. 10 o'clock range broke upside above 41287 and gave around 100 points gain. Overall it was complete sideways post 10 AM. Nifty had clear moves but BANKNIFTY just slept the whole day. Bullish momentum likely to continue above today's high. Also trailing sl in our positional long is intact. Keep TSL as PDL (CB) or the last swing low - 40700. If it sustains below 41300 then there can weakness. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 41405 then we will long for the target of 41550 and 41700. For selling we need a 15 Min candle close below 41230. T- 41075 and 40930. 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 11 Apr 2023BANKNIFTY Intraday Trade Setup For 11 Apr 2023 Buy-Above 40871 Sl-40760 T-41070 41270+ Sell-Below 40725 Sl-40835 T- 40530 40345 BANKNIFTY has closed on a slight bearish sentiment with 0.5% cut. Sell triggered as per trade setup and 1:1 and then it reversed which ended with NPNL . Later in the 2nd half sell triggered once again and 200+ points gain (1:2). After 6 trading session today it closed below PDL. Fun fact is that it happened after our long target (gap area) was hit. Now below today's low the down move may continue. Above 41275 which is the recent high next leg of bullish momentum will start. Keep trailing tight in these days with RR and as price moves. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 40871 then we will long for the target of 41070. Above 41075 we will hit 41270+. For selling we need a 15 Min candle close below 40725. T- 40530 and 40345. 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 10 Apr 2023BANKNIFTY Intraday Trade Setup For 10 Apr 2023 Buy-Above 41110 Sl- 41000 T- 41270 41500+ Sell-Below 40940 Sl-41050 T- 40755 40580 BANKNIFTY closed on a positive note with more than 1% last week. It hit our projected target in long side which was triggered @ 39710 for the target of 41250-41350 which was the gap area. This trade was shared on 20 Mar trade setup. It hit our target and filled the gap area. Now coming to the fresh approach. Confluence of gap area and the the trendline can act as resistance and we may see a down move/pullback in the coming days. A shooting star candle can spotted in daily charts. Below its low we are likely to see a down move. Also this area cluster where it will decide the trend. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 41110 then we will long for the target of 41275 and 41505. For selling we need a 15 Min candle close below 40940. T- 40755 and 40580. 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
NiftyBank Futures Key Trading Levels for 10th March 2023NiftyBank Futures Key Trading Levels for 10th March 2023 Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying Disclaimer: 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:BANKNIFTY1!
by sbkurandwad77
BANKNIFTY Intraday Trade Setup For 6 Apr 2023BANKNIFTY Intraday Trade Setup For 6 Apr 2023 Buy-Above 41075 Sl-40965 T- 41275 41475 Sell-Below 40890 Sl-41000 T- 40685 40475 BANKNIFTY has once again closed on bullish sentiment with 0.46% gain. After we initiated buy @39710 which was shared on 20 Mar trade setup for the gap area target. This is almost achieved and currently we are in a profit of more than 1300 points. Now if sell is triggered as per intraday trade setup we will book our gains. While actual TSL is PDL (CB). Today buy triggered above 40860 and gave a move till 41070+ Bullish sentiment will be intact till we safeguard PDL(CB). Reversal will be planned in case we close below PDL. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41075 then we will long for the target of 41275 and 41475. For selling we need a 15 Min candle close below 40890. T- 40685 and 40475. 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-06/04/2023-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-06/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 40883 - 40920 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP-SIDE then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility : GAP-UP If market open as a GAP-UP and moves to UP-Side then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. Possibility 3: GAP-DOWN If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of IMP and SELL with the Rejection of IMP. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of PDL. _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- 0.5-> 0.5% Swing PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PDO-> Previous Day Open PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:BANKNIFTY
by SriTrader5121
NiftyBank Futures Key Trading Levels for 6th April 2023 ExpiryNiftyBank Futures Key Trading Levels for 6th April 2023 Expirytradesetup Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying Disclaimer: 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:BANKNIFTY1!
by sbkurandwad77
#Banknifty"Trading day, April 5th: The global market indicates a negative start with a moderately bullish market nature. It may start with a neutral to slightly gap-down. After that, if the market breaks the minor support zone, we can expect a 38% Fib level, which is a major support zone. So, if the market rejects this level, we can anticipate a minor pullback that will likely retrace to at least 78% of the Fib level. On the other hand, if the initial market takes a sharp pullback, that's a sign of rally continuation. However, structurally, it might not go much higher."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 5 Apr 2023BANKNIFTY Intraday Trade Setup For 5 Apr 2023 Buy-Above 40860 Sl-40750 T- 41130 41350 Sell-Below 40650 Sl-40760 T- 40438 40180 BANKNIFTY closed on a bullish sentiment with 0.5% gain on Monday. Last day buy triggered as per trade setup. It gave a move from 40700 till 40850+. Bullishness will be intact till we safeguard PDL (CB). 1000+ points gained after we initiated buy @39710 shared on 20 Mar trade setup. Now trail sl aggressively with hourly swing lows or PDL on closing basis. Projected target is near 41350. Keep an eye on the trendline plotted in 15 Min TF. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 40860 then we will long for the target of 41130 and 41350. For selling we need a 15 Min candle close below 40650. T- 40438 and 40180. 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