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Bankniftyintradaytradesetup

BANKNIFTY Intraday Trade Setup For 27 Jan 2023BANKNIFTY Intraday Trade Setup For 27 Jan 2023 Sell_1- Below 41540 Sl-41650 T-41230 40997 Sell_2- From 42310 Sl-42420 T- 42000 41700 BANKNIFTY has closed a complete bearish sentiment with 2.54% cut. It was complete in selling mode since opening. Market opened flat and a sell triggered below 42615. After it was triggered it gave a nose dive till 41540. It was a a complete parabolic move. Now index has tested the weekly swing low. Below 41540 or 41500 (rounded) it will test 38757. No bullish view till there is any sign of reversal. As of now it is sell on rise. Also budget can shake any side. So be lite on overnight positions although direction is clear. Coming to Friday's trade setup, if index opens flat or gap up and 42310 is tested in then we will plan for a short trade for the target of 42000 and 41700. 2nd scenario- if index opens flat and a 15 Min candle closes below 41540 then we will short for the target of 41230 and 40997. Extended T- 40765. 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 Jan 2023BANKNIFTY Intraday Trade Setup For 25 Jan 2023 Buy-Above 42825 Sl-42715 T- 43000 43300 Sell-Below 42615 Sl-42715 T-42415 42230 BANKNIFTY has closed on a bearish sentiment with slight cut of 0.21% today. Last day hourly range shifted above 42700 and today it made a high of 43078. Last day it was updated to trail sl to cost which PDL exactly. Today it was triggered;; NPNL. Now fresh bullish range shift in hourly TF will be above today's high- 43100. Today's closing is @ 42733.45. Below today's low it will be back to the hourly range once again. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42825 then we will long for the target 43000+. Above 43080 it will hit 43300. For selling we need a 15 Min candle close below 42615. T- 42415. Post bounce below 42400 it will test 42200-30. 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 24 Jan 2023BANKNIFTY Intraday Trade Setup For 24 Jan 2023 Buy-Above 42870 Sl-42760 T-43017 43300 Sell-Below 42725 Sl-42835 T-42500-30 42297 BANKNIFTY ha closed on a bullish sentiment with 0.74% gain today. BTW this whole gain is contributed via gap up. Today it opened above the hourly resistance 42750 and took support from dot level 42750 and hit 43000 which was our buy target. Overall after gap up opening it traded within 10 o'clock range entire day. Daily candle is a spinning top which is once again a halt candle which is a sign of indecision once again. This has been the case since one week; indecision. This is due to the upcoming Union Budget. Hourly range shifted above 42700. Now support has been created exactly at cost so today's low will be TSL. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 42870 then we will long for the target of 43017 and 43300. For selling we need a 15 Min candle close below 42725. T- 42500-30 and 42297. 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 23 Jan 2023BANKNIFTY Intraday Trade Setup For 23 Jan 2023 Buy-Above 42605 Sl-42495 T- 42750 42950 Sell-Below 42470 Sl-42580 T-42215 41990 BANKNIFTY has closed on a bullish sentiment on Friday with 0.42% gain. Last week's candle is a hammer. If index sustains above its high then we will test 42600 and then a fresh ATH in the coming days. Tomorrow's closing is important above 42700 for the upside journey. Since a buyers candle has been formed so below its low there can be sharp selling; parabolic down move. Also there is a swing in weekly TF @ 42550. Breakdown will initiate a downside structure for the short term. Follow strict trailing for tomorrow's session with simple price structure for both side trades. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42605 then we will long or the target of 42750 and 42950. For selling we need a 15 Min candle close below 42470. T- 42215 and 41990. 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 23/01/2023The FASP for BankNifty is listed for 23-1-2023 . 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:BANKNIFTYLong
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 20 Jan 2023BANKNIFTY Intraday Trade Setup For 20 Jan 2023 Buy-Above 42385 Sl-42275 T- 42555 42730 Sell-Below 42230 Sl-42340 T-42040 41860 BANKNIFTY has closed on a bearish sentiment with 0.3% cut today. Today it opened with slight cut due to US market sell off last night. Since opening it was almost firm. Whole day it traded on a sideways note. Sell triggered as per trade setup @ 42355 and gave more than 110 points gain which was 1:1. Throughout whole day sideways momentum was noticed. In fact this sentiment is valid since last day second half. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42385 then we will long of the target of 42550 and 42730. For selling we need a 15 Min candle close below 42230. T- 42040. post bounce if we sustain below 42000 then it will test 42860 and below. 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
4
BANKNIFTY Intraday Trade Setup For 19 Jan 2023BANKNIFTY Intraday Trade Setup For 19 Jan 2023 Buy-Above 42560 Sl-42450 T-42730 42911 Sell-Below 42355 Sl-42465 T-42110 41860 BANKNIFTY has closed on a bullish sentiment with 0.53% gain today. Today it opened almost flat and as per last day's trade setup buy triggered above 42310 and hit 1st target very smoothly. This trade gave more than 240 points gain (42310-42555) which was 1:2. Later it turned total sideways and traded within 200 points range. Tomorrow's trade setup is based on this range breakout. 42730 is hourly resistance, breakout will impact range shift in the coming days. 41700 is the hourly low, breakdown can lead to sharp fall in the coming days. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42560 then we will long for the target of 42730 and 42911. For selling we need a 15 Min candle close below 42355. T- 42110. Post bounce if index breaks 42100 then it will test 41860 and below. 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 18 Jan 2023BANKNIFTY Intraday Trade Setup For 18 Jan 2023 Buy-Above 42310 Sl-42200 T-42510 42710+ Sell-Below 42055 Sl-42165 T-41860 41675 BANKNIFTY has closed almost on a flat note today. It just closed with 67 points gain. Daily candle looks like a pin bar which shows bullishness. Bullish sentiment will continue above today's high. Incase its low is broken and sustained then we may see sharp fall in the coming days. Today it opened almost flat and then sell triggered below 42065 and hit our 1st target. Sharp recovery was seen from 1st target. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42310 then we will long for the target of 42510 and 42710+ For selling we need a 15 Min candle close below 42055. T- 41860 and 41675. 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 Jan 2023BANKNIFTY Intraday Trade Setup For 17 Jan 2023 Buy-Above 42460 Sl-42350 T-42700 42950 Sell-Below 42060 Sl-42170 T-41885 41710 BANKNIFTY has closed on a bearish sentiment with 0.48% cut today. It opened with a gap up directly at PRZ plotted 42700. A dot reversal was seen from there. It opened with a decent gap up and we already planned that we will trade on 10 o'clock range breakout. It broke below 42445 and 300 points profit with just 100 points sl. Market is likely to show these big length volatile moves ahead of budget. Index has made a range of 980 (42720-41720) points in hourly TF. In between it will be seesaw market. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 42460 then we will long for the target of 42700 and 42950. For selling we need a 15 Min candle close below 42060. T- 41885 and 41710. 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 16 Jan 2023BANKNIFTY Intraday Trade Setup For 16 Jan 2023 Buy-Above 42455 Sl-42345 T- 42590 42730 42900+ Sell-Below 42260 Sl-42370 T-42050 41885 BANKNIFTY has closed on a positive note with 0.69% gain on Friday. After forming a base at 42700. Now 42700 is very important, breakdown will initiate a larger slide in the coming days. Last day it has closed near day high which is bullish sentiment. Above 42550 this bullish momentum will continue. Also if no previous swing low is broken in hourly TF then slowly and steadily it will inch higher. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42555 then we will long for the target of 42590 and 42730. For selling we need a 15 Min candle close below 42260. T- 42050 and 41885. 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 Jan 2023BANKNIFTY Intraday Trade Setup For 13 Jan 2023 Buy-Above 42135 Sl-42025 T- 42340 42565 42800 Sell-Below 41950 Sl-42060 T-41740 41348 41000 BANKNIFTY has closed on a slight bearish note with 0.36% cut today. It was another volatile day with volatile swings. As per trade setup, sell triggered below 42000 and hit 1st target. This trade gave more than 250 points. Sharp moves were common in today's session. In daily TF two consecutive hammer candles have been formed. Above its high - 42350 it will give good upside momentum. Since its a buyer's candle so below its low- 41700 aggressive selling can be seen. Initial move of 600 points can be achieved either side. In between we can see usual unpredictable sharp moves. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42135 then we will long. T- 42340, 42565 an 42800. For selling we need a 15 Min candle close below 41729. T- 41545 41350 and 41000. 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
#BankniftyThe global market indicates a positive start. market nature is slightly bullish. It may start with a gap-up. After that, if the market sustains the gap-up, we will expect min 78% fib level. it's a major resistance, if the market rejects around 78% then we will expect a correction. On the other hand, if the initial market declines sharply, then we will expect a minor correction. After that correction, if the market takes a pullback, then we will expect a range-bound market. And if the market takes consolidation, then we expect correction continuation.
NSE:BANKNIFTYLong
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 12 Jan 2023BANKNIFTY Intraday Trade Setup For 12 Jan 2023 Buy-Above 42320 Sl-42210 T- 42550 42800 Sell-Below 42000 Sl-42110 T-41730 41355 BANKNIFTY has closed on a slight bullish sentiment with more than half percent gain. It has closed near day high which is a bullish sign. This bullishness will continue above today's high. Decent contraction has happened in today's session. Contraction burst likely to happen the and below ascending triangle which can be seen in 15 Min TF. Whichever side market gives breakout be strict with trailing as market is just to volatile to handle; especially in the 1st hour. Daily candle looks a buyer's candle so below today's low aggressive selling can be seen. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42320 then we will long for the target of 42550 and 42800. For selling we need a 15 min candle close below 42000. T- 41730 and 41355. Extended target- 41000. 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