Banknifty"As of March 28, the trading day is indicating a positive start, but the market nature is moderately bearish. It may begin with a gap-up. After that, if the market sustains it, we can expect a range market. On the other hand, if the market declines initially, we can expect the continuation of the correction."
Bankniftyintradaytradesetup
BANKNIFTY Intraday Trade Setup For 28 Mar 2023BANKNIFTY Intraday Trade Setup For 28 Mar 2023
Buy-Above 39700
Sl-39590
T- 39950 40200+
Sell-Below 39270
Sl-39380
T-38945 38615
BANKNIFTY has closed closed on a flat note with just 35 points gain. It has formed a spinning top like candle in daily TF. This is a sign of indecision and same kangaroo moves were seen in today's session. Buy triggered as per trade setup which hit sl as it was trading a range the whole day. It has made a base at 39270 since last two days. So below this there will be very good directional move. If we make a bullish price structure and sustain above 39500 then we can head higher. Above 39700 it will be confirmed.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39700 then we will long for the target of 39950 and 40200.
For selling we need a 15 Min candle close below 39270. T- 38945 and 38615.
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.
NiftyBank Futures Key Trading Levels for 28th March 2023NiftyBank Futures Key Trading Levels for 28th 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.
BANKNIFTY Intraday Trade Setup For 27 Mar 2023BANKNIFTY Intraday Trade Setup For 27 Mar 2023
Buy-Above 39515
Sl-39405
T- 39750 40000
Sell-Below 39290
Sl-39400
T- 39089 38884
BANKNIFTY has closed on a bearish sentiment last week and day with 0.5% cut. Important levels in the daily TF are 40210 and 38600. Above 40210 we will see reversal and head towards 41350 and below 38600 we will resume the selling and this time it can give a sharp panic low. This leg can take BNF towards 36800-37000. Also if we make a bullish candle this week then we can reverse for the short term. Till then same approach of sell on rise will be followed.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 39515 then we will long for the target of 39750 and 40000.
For selling we need a 15 Min candle close below 39290. T- 39089 and 38884.
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.
NiftyBank Futures Key Trading Levels for 27th March 2023NiftyBank Futures Key Trading Levels for 27th 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.
#Banknifty"Trading day, March 24: The global market is indicating a slightly negative start with a moderately bearish nature. It may begin with a gap-down. After that, we can expect a pullback around the immediate support zone. and we can use fib swing high to low. if it breaks the 38% fib level, we can expect a pullback to the 61 to 78% levels. On the other hand, if the market rejects the 38% fib level, we can expect a continuation of the correction."
BANKNIFTY Intraday Trade Setup For 24 Mar 2023BANKNIFTY Intraday Trade Setup For 24 Mar 2023
Buy-Above 39825
Sl-39715
T- 40013 40200
Sell-Below 39550
Sl-39660
T- 39325 39095
BANKNIFTY has closed on a bearish sentiment with almost 1% cut today. It was a roller coaster ride today and big moves were seen both the sides. It opened with a decent gap down and then 10 o'clock range broke upside above 39967 and gave a good move till 40200+. Sl was only 100 points and with that it gave more than 200 points gain. Now above 40210 we will plan the positional buy trade for the target of 41350. Below 39550 we head towards lower zones and below 38600 we will initiate the next leg of sell off.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 39825 then we will long for the target of 40013. Post rejection above 40030 we will hit 40200+.
For selling we need a 15 Min candle close below 39550. T- 39325 and 39095.
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.
Nifty Bank Futures Key Trading Levels for 24th March 2023Nifty Bank Futures Key Trading Levels for 24th 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.
NiftyBank Futures Key Trading Levels for 23rd March 2023 Expiry NiftyBank Futures Key Trading Levels for 23rd March 2023 Expiry
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.
#Banknifty"Trading day, March 23: The global market indicates a neutral start with a moderately bullish nature, which may begin with a neutral tone. If the market breaks yesterday's high, we can expect the rally to continue. However, if the market declines, we can expect a minor correction that will reach a minimum of 23 to 38% Fib correction. If the correction breaks the 38% Fib level, that's a sign of a trend reversal, and it may reach the 61 to 78% Fib level."
FASP levels for Bank Nifty 23/02/2023The FASP for BankNifty is listed for 23-03-2023. 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.
BANKNIFTY Intraday Trade Setup For 23 Mar 2023BANKNIFTY Intraday Trade Setup For 23 Mar 2023
Buy-Above 40090
Sl-39980
T- 40315 40515
Sell-Below 39835
Sl-39945
T-39600 39347
BANKNIFTY has closed on slight bullish note with 0.26% gain. After our PRZ hit on 16 Mar since then it is going up slowly and steadily and till now we have not closed below PDL. So this up move will be strong till we defend PDL (CB). Today it had formed a tiny spinning top like candle in daily TF which is a sign of halt. And it was clearly seen in today's session. It opened with a slight gap up and then buy triggered as per trade setup which hit sl as it was complete sideways. It just traded inside 10 o'clock range the whole day.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 40090 then we will long for the target of 40315 and 40515.
For selling we need a 15 min candle close below 39835. T- 39600 and 39347.
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.
FASP levels for Bank Nifty 22/02/2023The FASP for BankNifty is listed for 22-03-2023. 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.
#Banknifty"Trading day, March 22: The global market indicates a neutral start with a bullish nature that may begin with a neutral to slightly gap-up. after that, If the market breaks 50%, we can expect a rally to continue. On the other hand, if the market rejects around 50%, we can expect a minimum of 38% Fib correction. If the correction breaks the 38% Fib level, that's a sign of trend reversal, and it may reach a 78% to swing low."
BANKNIFTY Intraday Trade Setup For 22 Mar 2023BANKNIFTY Intraday Trade Setup For 22 Mar 2023
Buy-Above 39971
Sl-39860
T- 40180 40357
Sell-Below 39755
Sl-39865
T- 39545 39335
BANKNIFTY has closed on a bullish sentiment with 1.35% gain today. In the weekend when BNF was at 39600 it was said that we will give a small pullback and then we will make a bottom and start the upside journey. Exact same thing happened on the very next day on Monday it gave a pullback and today it just started the upside journey towards 41250. Today it opened with a slight gap and then buy triggered above 39450 and hit targets (39450-39970). 10 o'clock range also broke upside above 39615 and gave 350 points.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 39971 then we will long for the target of 40180 and 40357.
For selling we need a 15 Min candle close below 39755. T- 39545 and 39335.
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.
Nifty Bank Futures Key Trading Levels for 22nd March 2023NiftyBank Futures Key Trading Levels for 22nd 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.
BANKNIFTY Intraday Trade Setup For 21 Mar 2023BANKNIFTY Intraday Trade Setup For 21 Mar 2023
Buy-Above 39451
Sl-39340
T-39735 39925 40119
Sell-Below 39130
Sl-39240
T-38870 38615
BANKNIFTY has closed on bearish sentiment with 0.6% cut today. Today it opened with a slight gap down and sell triggered below 39220 and gave more than 180 points in the 1st go and later in the 2nd go it gave 280 points and hit 1st target. In the weekend it was very clearly told that we will give pullback before the start of the up move or reversal. It has formed a hammer in daily TF so its low and high both are important for the directional move. Above 39515 if sustained we will head higher and below 39900 we will resume the selling. Final take over level is 38600.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39451 then we will long for the target of 39735 and 39925 and 40119.
For selling we need a 15 Min candle close below 39130. T- 38870 and 38615.
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.
NiftyBank Futures Key Trading Levels for 21st March 2023NiftyBank Futures Key Trading Levels for 21st 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.