#Banknifty"Trading day, March 8th: The global market is indicating a negative start. Structurally, the market's nature is moderately bullish. It may start with a gap-down, and after that, if the market breaks the 38% Fib level, that's a sign of a correction. The correction will reach a minimum of 50% to 61% Fib levels. On the other hand, if the market rejects around 38%, then we can expect a range-bound market to rally continuation."
Bankniftyintradaytradesetup
BANKNIFTY Intraday Trade Setup For 8 Mar 2023BANKNIFTY Intraday Trade Setup For 8 Mar 2023
Buy-Above 41405
Sl-41295
T-41560 41715
Sell-Below 41255
Sl-41365
T-41115 40969 40770
BANKNIFTY has closed with slight gain of 0.24%. Last day it hit the pullback target which was discussed after the activation of hammer which was formed on 23 Feb. Last day buy triggered as per trade setup above 41400. This trade gave more than 250 points gain. Later it made a top at 41675 and fell till 41260. It has formed a shooting star in daily TF. So above its high if sustained we will head higher towards 42000. Below its low we can expect some downside momentum.
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 41560 and 41715.
For selling we need a 15 min candle close below 41255. T- 41115 and 40969. Below 40950 fall can be extended.
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 8th March 2023
NiftyBank Futures Key Trading Levels for 8th 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 6th: SGX Nifty indicates a positive start, and the market nature is bullish. It may start with a gap-up. If the market rejects around immediate resistance zones, then we can expect a minor correction that shouldn't break the previous swing high. On the other hand, if the market declines initially, we can expect a correction that would break the previous swing high."
BANKNIFTY Intraday Trade Setup For 6 Mar 2023BANKNIFTY Intraday Trade Setup For 6 Mar 2023
Buy-Above 41400
Sl-41290
T- 41550 41710
Sell-Below 41150
Sl-41260
T-40880 40600
BANKNIFTY has closed on a bullish sentiment with with 3.36% gain. It has formed a bullish engulfing candle in weekly TF. On 23 Feb EOD it was updated that we have formed a hammer above its high there can be reversal. The very next day it was triggered and till now it has given more than 1200 points gain with just 550 points sl. Important resistance is 42000 zone. And as per bat pattern a resistance can also be seen near 41750. For selling we need a bearish price structure at-least in 15 Min TF.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 41400 then we will long for the target of 41550 and 41710. If 41750 sustained ,we will head towards 42k.
For selling we need a 15 min candle close below 41150. T- 40880 and 40600.
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 6th March 2023NiftyBank Futures Key Trading Levels for 6th 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 03rd March 2023NiftyBank Futures Key Trading Levels for 03rd 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 3rd: SGX Nifty indicates a positive start, but the market nature is moderately bearish. It may start with a gap-up. If the market sustains around 61 to 78%, then we can expect a rally continuation. On the other hand, if the market declines initially, we expect a correction."
FASP levels for Bank Nifty 03/03/2023The FASP for BankNifty is listed for 03-03-2023 . 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 3 Mar 2023BANKNIFTY Intraday Trade Setup For 3 Mar 2023
Buy-Above 40500
Sl-40390
T- 40637 40770+
Sell-Below 40310
Sl- 40420
T-40100 39820
BANKNIFTY has closed on a bearish sentiment with 0.76% cut. After hammer formed on 23 Feb 2023. It was updated that we will give pullback of the down move above its high. Yesterday it hit our 1st target or pullback area which was calculated using ABCD (2.0). It has given Dot Reversal from there. Today it opened and tested buy level but did not trigger. Later sell triggered below 40510 and made a low of 40313. Till 1 o'clock it was just sideway with complete dead momentum due to ultra low premiums.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 40500 then we will long for the target of 40637 and 40770.
For selling we need a 15 Min candle close below 40310. T- 40100. Below 40070 we will hit 39820.
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.
#Banknifty"Trading day, March 2nd: The global market is indicating a negative start. Its structure is moderately bullish, but it may open with a gap-down. If the initial market experiences a pullback of around 38%, we can expect a continuation of the pullback with minor consolidation. On the other hand, if the initial market experiences a sharp decline, we can expect a correctional wave that may reach a minimum of 61% to 78%."
FASP levels for Bank Nifty 02/03/2023The FASP for BankNifty is listed for 02-03-2023 . 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 02 Mar 2023BANKNIFTY Intraday Trade Setup For 02 Mar 2023
Buy-Above 40730
Sl-40620
T- 40925 41120
Sell-Below 40510
Sl-40620
T- 40260 40075
BANKNIFTY has closed on a bullish sentiment with more than 1% gain today. Buy triggered above 40400 and hit all the targets slowly and steadily. Trade gave more than 300 points gain which was almost 1:3. However momentum was pathetic due to IV crash. On 23 Feb hammer formed and it was told that above its high we will give the pullback of the down move. Which has been played out perfectly till now.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 40730 then we will long for the target of 40925 and 40120.
For selling we need a 15 min candle close below 40510. T- 40260 and 40075.
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 1st March 2023NiftyBank Futures Key Trading Levels for 1st 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"The global market is indicating a neutral start. Its nature is structurally moderately bearish, so it may start with a gap-down. If the market experiences a sharp decline, we can expect a correctional wave that may reach a minimum of 78%. Alternatively, if the initial market experiences a pullback, we can expect pullback continuation with minor consolidation."
BANKNIFTY Intraday Trade Setup 01 Mar 2023BANKNIFTY Intraday Trade Setup 01 Mar 2023
Buy-Above 40400
Sl-40290
T- 40550 40725
Sell-Below 40070
Sl-40180
T- 39818 39590
BANKNIFTY has closed on a absolute flat note. It was just sideways for 4 hours and 30 min. It traded at 40300 and at the end of the day also it has closed near 40300. Nothing triggered as per trade setup and traded inside the buy and sell levels. 10 o'clock range broke downside below 40205 and gave more than 120 points gain. We will simply use the last day's trade setup to build trade. 40400 and 40070 is the range above and below which directional move will come.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 40400 then we will long for the target of 40550 and 40725.
For selling we need a 15 Min candle close below 40070. T- 39818 and 39590.
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 01/03/2023The FASP for Nifty is listed for 01-03-2023. 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"The global market indicates a neutral start. The market's nature is structurally moderately bearish, so it may start off neutral. After that, if the market experiences a sharp decline, we can expect a correctional wave. On the other hand, if the initial market experiences a pullback, then we can expect pullback continuation with minor consolidation."
BANKNIFTY Intraday Trade Setup For 28 Feb 2023BANKNIFTY Intraday trade Setup For 28 Feb 2023
Buy-Above 40375
Sl-40265
T- 40550 40725
Sell-Below 40070
Sl-40180
T- 39832 39590
BANKNIFTY has closed on a bullish sentiment with 1% gain today. After one week it has closed on bullish sentiment and has closed at PDH. Sentimental halt has happened after the Pinbar candle formed 23 Feb. We are likely to give pullback of the down move. We can test max 41150 in this pullback move. Today buy triggered as per trade setup and hit our targets very smoothly. Trade gave 300 points gain (40065-40371). Below 39600 if sustained in daily TF then next round of selling will start.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 40375 then we will long for the target of 40550 and 40725. Extended T- 41120-50.
For selling we need a 15 Min candle close below 40070. T- 39832 and 39590.
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 Feb 2023NiftyBank Futures Key Trading Levels for 28th Feb 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.