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Bankniftyintradaytradesetup

BANKNIFTY Intraday Trade Setup For 16 Feb 2023BANKNIFTY Intraday Trade Setup For 16 Feb 2023 Buy-Above 41800 Sl-41690 T-42000 42185 Sell-Below 41450 Sl-41560 T-41300 41150 BANKNIFTY has closed on a slight bullish sentiment with 0.2% gain. Today it opened and sell triggered below 41565 and gave almost 110 points gain which was 1:1. It was updated to eat in pieces. Later it turned total sideways at 41600. Last hour 10 o'clock range broke and gave more than 75 points gain. It has closed near hourly range. If it sustains above today's high- 41800 then we can see good up move, only hurdle is 42000. For a trendy downside move it has to sustain below i) 41580 and then ii)below 41550. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 41800 then we will long for the target of 42000 and 42185. For selling we need a 15 min candle close below 41450. T- 41300 and 41150. 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 15 Feb 2023BANKNIFTY Intraday Trade Setup For 15 Feb 2023 Buy-Above 41720 Sl-41610 T-41865 42000 Sell-Below 41565 Sl-41675 T-41395 41200 BANKNIFTY has closed on a bullish sentiment with more 0.89% gain today. It gaped up slightly and then later buy triggered as per trade setup @41380 and made a high of 41700+. This trade gave more than 300 points gain. As it gaped up, 10 o'clock range also broke upside above 41405 and from here also it gave almost 300 points. It has close near day high and range high - 42000 in hourly TF. Bullish momentum likely to continue above today's high. Below 41100 it will start making bearish price structure and will initiate a downfall in hourly TF. There is a high possibility of huge gap up/down due to CPI data outcome in US. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 41720 then we will long for the target of 41865 and 42000+. For selling we need a 15 Min candle close below 41565. T- 41395. Post bounce from 41400 zone if it continues bearish structure then we will hit 41200 also. 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
FASP levels for Bank Nifty 15/02/2023The FASP for Bank Nifty is listed for 15-02-2023. 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.
NSE:BANKNIFTY
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 14 Feb 2023BANKNIFTY Intraday Trade Setup For 14 Feb 2023 Buy-Above 41380 Sl-41270 T-41529 41680 Sell-Below 41150 Sl-41260 T-40995 40835 BANKNIFTY has closed on a bearish sentiment with 0.67% cut today. It opened flat and sell triggered below 41424 and made a low of 41560. This trade gave more than 250 points profit which was more than 1:2. Later it turned complete sideways and slept at 41300 for more than 2 hours. Today's low is important, breakdown can start to build bearish price structure in hourly and daily TF. Above 41800 it will to build bullish price structure in hourly and daily TF. We will simply use the range to build our trade setup for the next session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 41380 then we will long for the target of 41529 and 41680. For selling we need a 15 Min candle close below 41150. T- 40995 and 40835. Till the time it is inside ranges and VIX is near 12 small targets have to be considered. 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 Feb 2023BANKNIFTY Intraday Trade Setup For 13 Feb 2023 Buy-Above 41680 Sl- 41570 T-41810 42000+ Sell-Below 41420 Sl-41510 T- 41255 41070 BANKNIFTY has closed a absolute flat note last week. Its a neutral closing and whole week was heavy rangebound. Inside candle has been formed in weekly charts. Above/below mother candle's high/low there will be a range shift. That range has been created by the Union Budget. Since then index is inside range. Also VIX fell vertically after the budget due to which swings have contracted and have been short length. Important swing in hourly TF are 41800 and 41100. Breakout will trigger start of directional move. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 41680 then we will long for the target of 41810 and 42000+. For selling we need a 15 Min candle close below 41420. T- 41250. Below that we will hit 41100-41070. 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
FASP levels for Bank Nifty 13/02/2023The FASP for Bank Nifty is listed for 13-02-2023. 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.
NSE:BANKNIFTY
by SathishChandrasekaran
#BankniftyGood morning, friends. The global market is indicating a negative start. Structurally, the market is moderately bullish. It may start with a gap-down. If the market takes a sharp pullback after that, we can expect a continuation of the rally. On the other hand, if the initial market decline is sharp, it may reach 38%, which is a major support zone. The market should reach this zone with minor consolidation, then only we can expect a pullback. If the market reaches this zone with a sharp correction, there is a possibility of further decline.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 10 Feb 2023BANKNIFTY Intraday Trade Setup For 10 Feb 2023 Buy-Above 41625 Sl-41515 T-41810 42000+ Sell-Below 41450 Sl-41560 T-41255 41069 BANKNIFTY has closed on a flat note with just 16 points gain today. It has been closing exactly at the same place for the last 3 days. Daily candle looks like a buyer's candle and above its high buyers should dominate and in that case it can test 42000 round level which is also a swing high in hourly TF. Below its low aggressive selling can be seen and that will be breakdown in hourly TF. These two levels are important. Today market opened with a slight gap up and sell triggered below 41400 and very smoothly it gave 150 points gain; more than 1:1. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 41625 then we will long for the target of 41820 and 42000+ For selling we need a 15 Min candle close below 41450. T- 41250. Below 41250 if sustained then aggressive selling can be seen till plotted targets. Be strict with trailing with RR 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 9 Feb 2023BANKNIFTY Intraday Trade Setup For 9 Feb 2023 Buy-Above 41615 Sl-41500 T- 41810 42000+ Sell-Below 41400 Sl-41510 T- 41095 40800 BANKNIFTY has closed on a flat note with a slight gain of 46 points. Unlike NIFTY it was dead sideways. It opened almost flat and a buy triggered and gave 150+ points gain. Later after giving that small profit RBI announcement created as usual noise. And after that it just slept at 41500 the whole day. It has created 200 points range and this will be used to build tomorrow's trade setup. If market opens beyond these ranges and that that direction can be matured. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41615 then we will long for the target of 41810 and 42000. For selling we need a 15 min candle close below 41400. T- 41095 and 40800. 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#banknifty - Happy morning friends. Today our market has RBI monetary policy meeting. This is an important event. Therefore, most likely the market will follow the event. But my point is that The global market indicates a positive start. The market nature is moderately bullish. It may start with Gap-up. After that, if the market rejects around hsz to swing high, then we will expect a minor correction. On the other hand, if the initial market declines sharply, then we will expect a correction. That should break the fib level of 38%.
NSE:BANKNIFTYLong
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 8 Feb 2023BANKNIFTY Intraday Trade Setup For 8 Feb 2023 Buy-Above 41631 Sl-41520 T-42000 42379 Sell-Below 41095 Sl-41205 T- 40729 40419 BANKLNIFTY has closed on a slight positive note with 0.28% gain today. It is contra of NIFTY due to RBI Monetary Policy which is scheduled tomorrow at 10 AM. Safe traders should trade after 10:30. Till now it is inside the Budget day's range. A hammer has been formed on daily charts. So above its high bullishness may continue. Below its low aggressive selling can be seen. Today it opened and tested buy level but did not trigger. Later sell triggered and gave 150 points gain. Before it was triggered 10 o'clock range was already broken and that gave more than 270 points. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 41631 then we will long for the target of 42000 and 42379. For selling we need a 15 Min candle close below 41095. T- 40729 and 40419. 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
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