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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
#Banknifty"Trading day, April 27th, the global market is indicating a neutral to slightly negative start, with a moderately bullish market sentiment. If the initial market experiences a sharp pullback, we can expect a continuation of the rally. Alternatively, if the initial market consolidates, a diagonal pattern may emerge. However, if the market structurally breaks yesterday's minor low, we can expect a flat correction, which may be complicated in nature. Therefore, if you are a conservative trader, it is advisable to wait for good confirmation."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 27 Apr 2023BANKNIFTY Intraday Trade Setup For 27 Apr 2023 Buy-Above 42880 Sl-42775 T-43105 43335 Sell-Below 42650 Sl-42755 T- 42450 42185 BANKNIFTY has closed on a bullish note with 0.35% gain. It was a great day for bulls as it shot up with double force from day low. Today sell triggered first below 42600 and almost hit our 1st target (42600-42432). Then a morning star formed at day low and reversed completely. Bullishness likely to continue above today's high. Best continuation trade will be on flat opening. It is approaching 42335-50 as per ABCD above today's high. Index will be weak only below 42650 is sustained firmly. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 42880 then we will long for the target of 43105 and 43335-50. For selling we need a 15 Min candle close below 42650. T- 42450 and 42185. 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 26 Apr 2023BANKNIFTY Intraday Trade Setup For 26 Apr 2023 Buy-Above 42870 Sl-42765 T-43105 43365 Sell-Below 42600 Sl-42705 T- 42395 42185 BANKNIFTY has closed almost flat today. Today buy triggered as per trade setup. It gave almost 150 points gain (42715-42865) which was more than 1:1. Later it closed near day day low and formed a shooting star in daily charts. Its a sign of halt. Next leg of rally will start above 42870. Below 42600 if sustained we may slip to lower levels. Let market decide which side gives trigger. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42870 then we will long for the target of 43105 and 43365. For selling we need a 15 Min candle close below 42600. T- 42395 and 42185. 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 25 Apr 2023BANKNIFTY Intraday Trade Setup For 25 Apr 2023 Buy-Above 42715 Sl-42610 T- 42937 43150 Sell-Below 42570 Sl-42675 T- 42409 42245 BANKNIFTY has closed on a bullish sentiment with 1.23% gain today. We discussed on weekend that index can pick up any direction and we have to be neutral and just wait for the levels to be breached. We discussed that 42385 and 41960 are important level and above and below respectively directional move will come. It opened with a big gap up today directly above 42385 and sustained. From there it gave a non stop move till 42714. 10 o'clock range also broke upside above 42465 and gave almost 250 points gain with 55 points sl. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 42715 then we will long for the target of 42937 and 43150. For selling we need a 15 Mi candle close below 42570. T- 42409 and 42245. 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 24th April 2023NiftyBank Futures Key Trading Levels for 24th April 2023 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:BANKNIFTY1!
by sbkurandwad77
BANKNIFTY Intraday Trade Setup For 24 Apr 2023BANKNIFTY Intraday Trade Setup For 24 Apr 2023 Buy-Above 42190 Sl- 42080 T- 42416 42645 Sell-Below 41960 Sl-42070 T- 41735 41500 BANKNIFTY has closed on a flat note last week. Last week it was said that probability of a pullback is very high . Unlike NIFTY we saw a small pullback this week but closed almost flat. Majority of the daily candle were indecisive. 42385 and 41960 are the two important level for a fresh move on breakout. 41790 is more important if it tested in the very next week. We may start a healthy downside move in that case. Whichever side it gives breakout we will plan the trade in that direction for this week. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42190 then we will long for the target of 42416 and 42645. For selling we need a 15 Min candle close below 41960. T- 41735 and 41500. 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 21 Apr 2023BANKNIFTY Intraday Trade Setup For 21 Apr 2023 Buy-Above 42380 Sl-42270 T- 42615 42830 Sell-Below 42100 Sl-42200 T- 41790 41530 BANKNIFTY has closed with a slight gain of 0.27% gain today. In nutshell it is just sideways and there is no surprise in that. Already on 19 Apr Apr trade setup it was explained that we have entered entered the contraction phase and this is very common and obvious after an impulse. Now it has formed a symmetrical triangle in 1hourly chart. We will simply wait for the breakout. We have to be neutral and let market decide the direction on breakout. 42380 and 42100 are important levels. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42380 then we will long for the target of 42615 and 42830. For selling we need a 15 Min candle close below 42100. T- 41790 and 41530. 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 Key Trading Levels for 21st April 2023 NiftyBank Key Trading Levels for 21st April 2023 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:BANKNIFTY1!
by sbkurandwad77
#Banknifty"Today, April 20th, the global market indicates a slightly positive start, but the market nature is moderately bearish. It may begin with a gap-up, but if it takes a pullback, we can initially expect minor stocks only. If it sustains the pullback, the trend will continue, or if it rejects around a major key level, we can expect a correction. On the other hand, if the initial market declines, we can expect the 5th sub-wave of a diagonal. If the decline takes a sharp and long turn, it is a sign of correction continuation."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 20 Apr 2023BANKNIFTY Intraday Trade Setup For 20 Apr 2023 Buy-Above 42250 Sl-42140 T-42515 42800 Sell-Below 42020 Sl-42130 T-41790 41560 BANKNIFTY has closed on a slight bearish sentiment with 0.26% cut today. Last day a bearish sentiment was triggered and we expected its continuation. Slowly and steadily it maintained a bearish price structure till end. This sentiment will be on till we make a bullish price structure in 15 Min TF. Also it closed below PDL in daily TF and our TSL will be hit if today's low is tested. Today it opened flat and sell triggered below 42110 and after it triggered after 1 o'clock it turned almost sideways. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42250 then we will long for the target of 42515 and 42800+. For selling we need a 15 Min candle close below 42020. T- 41790 and 41560. 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 20th Apr 20th Apr 2023 NiftyBank Futures Key Trading Levels for 10th Apr 20th Apr 2023_Expiry Tradesetp 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:BANKNIFTY1!
by sbkurandwad77
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