BANKNIFTY Intraday Trade Setup For 27 Feb 2023BANKNIFTY Intraday Trade Setup For 27 Feb 2023
Buy-Above 40070
Sl- 39960
T- 40210 40355
Sell-Below 39810
Sl-39920
T- 39700 39590
BANKNIFTY has closed on bearish sentiment with 3% cut last week. It has closed near the weekly swing low. Last week it was told that below previous week's low 40880 we will start the down move and a good fall can be expected. So has happened we saw sharp 3% cut after activation. There will be reversal if we make any Pin bar or hammer in weekly TF. Till then it will be sideways to bearish action. Below 39400 this down move will be extended. There can be sentimental halt when we will close above PDH.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle close above 40070 then we will long for the target of 40210 and 40355.
For selling we need a 15 Min candle close below 39810. T- 39590 and 39370.
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.
Bankniftyintradaytradesetup
FASP levels for Bank Nifty 27/02/2023The FASP for Nifty is listed for 27-02-2023. 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.
NiftyBank Futures Key Trading Levels for 27th Feb 2023NiftyBank Futures Key Trading Levels for 27th 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.
#Banknifty Trading day 24/2/23 "The global market indicates a positive start. The market's nature is moderately bullish, and it may start with a gap-up. After that, if the market is rejected around the major resistance, we can expect a correction. Alternatively, if the market consolidates that zone, it's a sign of pullback continuation. On the other hand, if the initial market declines, we can expect a range-bound to correction."
FASP levels for Bank Nifty 24/02/2023The FASP for Bank Nifty is listed for 24-02-2023. 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 24 Feb 2023BANKNIFTY Intraday Trade Setup For 24 Feb 2023
Buy-Above 40150
Sl-40040
T-40290 40435
Sell-Below 39895
Sl-40005
T-39745 39590
BANKNIFTY has close on absolute flat note today. It has formed a Pinbar in daily TF. This is the 1st sign of halt/reversal after 5 consecutive bearish sessions. Above its high if sustained and closed EOD we can see good up move. However there will be pullback of the whole parabolic down move ; small or big. Its low is very important and below its low 2nd round selling we resume. Today it opened flat and sell triggered below 39895 and hit our 1st target (39895-39601). After that it traded between 370 points range.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 40150 then we will long for the target of 40290 and 40435.
For selling we need a 15 Min candle close below 39895. T- 39745 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.
BANKNIFTY Intraday Trade Setup For 23 Feb 2023BANKNIFTY Intraday Trade Setup For 23 Feb 2023
Buy-Above 40135
Sl-40025
T- 40400 40700
Sell-Below 39895
Sl-40005
T- 39650 39400
BANKNIFTY has once again closed on a bearish sentiment with 1.67% cut. Since last 5 Trading sessions it is under bears grip very firmly. Last Sunday it was told that below Last Friday's low and below last week's low we will give a very good down move and we can test the lower range of the Budget Day. Job is almost done with more than 1000 points gain. Today sell triggered as per trade setup and hit all the two targets mentioned (40500-39900). Also it can take a halt as it has not given decent pullback in the whole down move we enjoyed.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 40135 then we will long for the target of 40400. if it sustains above 40400 after rejection then it head higher.
For selling we need a 15 Min candle close below 39895. T- 39650 and 39400.
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 Intraday Trade Setup For 22 Feb 2023BANKNIFTY Intraday Trade Setup For 22 Feb 2023
Buy-Above 40785
Sl-40675
T-41000 41160
Sell-Below 40500
Sl-40610
T-40335 40160 39955
BANKNIFTY has closed on a flat note with just 28 points cut. It opened almost flat and then took support from PDL and round level by forming two consecutive hammers. After double hammer triggered it triggered. Buy triggered above 40765 and hit 1st target. This trade gave more than 160 points gain. Later it just consolidated in the 2nd half. We will use that range to build our trade setup. In case of a gap down tomorrow sentiment of the 1st 15 Min candle will be important to watch.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 40785 then we will long for the target of 41000 and 41160.
For selling we need a 15 min candle close below 40500. T- 40335, 40160 and 39955.
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 22nd Feb 2023NiftyBank Futures Key Trading Levels for 22nd 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.
#Banknifty"The global market is expected to start with a negative tone, as the overall sentiment is moderately bearish. There may be a gap-down at the beginning of the trading session. If the market takes a pullback around HDZ, we could see a minimum 23% to 38% Fibonacci retracement. On the other hand, if the gap-down sustains around the HDZ, the market could experience further decline."
FASP levels for Bank Nifty 22/02/2023The FASP for Bank Nifty is listed for 22-02-2023. 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 21 Feb 2023BANKNIFTY Intraday Trade Setup For 21 Feb 2023
Buy-Above 40765
Sl-40655
T-40910 41050
Sell-Below 40580
Sl-40690
T- 40375 40170
BANKNIFTY has closed on a bearish sentiment with 1% cut today. Once again it has closed near day low just like last session. So below today's low bearish momentum is likely to continue. Today it opened almost flat and buy triggered above 41180 and gave gave 110 points gain which was 1:1. It was updated to trail sl to cost and our TSL was hit. Later 10 o'clock range broke downside below 41080 and made a low of 40585. Sell was also triggered below 40880 and that also hit our target smoothly.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 40765 then we will long for the target of 40910 and 41050.
For selling we need a 15 Min candle close below 40580. T- 40375 and 40170.
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"SGX Nifty indicates a positive start, but the market nature is moderately bearish. It may start with a gap-up. If the market sustains, we expect a minimum 50% to 61% Fib level pullback. If it rejects that pullback, then we expect a correctional wave. On the other hand, if the market declines initially, we expect consolidation before a correction."
BANKNIFTY Intraday Trade Setup For 20 Feb 2023BANKNIFTY Intraday Trade Setup For 20 Feb 2023
Buy-Above 41180
Sl- 41070
T- 41370 41570
Sell-Below 40880
Sl-40990
T-40610 40390
BANKNIFTY has closed on a bearish sentiment with 1.2% cut on Friday. Weekly close is also on bearish note with 1% cut. Below current week's low- 40880 there can be more fall. Index will be bullish above 42000. In between index can be sideways momentum and price wise. However we are still inside Budget range since last 15 days. If current week's low is sustained in downside then we will head towards the lower range of the Budget day. Since last two trading sessions its a complete parabolic down move so we can expect some pullback.
Coming to Monday's trade setup, if we open flat and 15 Min candle closes above 41180 then we will long for the target of 41370 and 41570.
For selling we need a 15 Min candle close below 40880. T- 40610 and 40390.
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"The global market indicates a negative start, with a moderately bearish trend. It may start with a gap down. After that, we expect a correction that may reach HDZ. If the market experiences a pullback around HDZ, we expect a minimum pullback of 23 to 38%. On the other hand, if the initial market rejects the immediate support zone, we will expect the previous day's high."
FASP levels for Bank Nifty 17/02/2023The FASP for Bank Nifty is listed for 17-02-2023. 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.