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Bankniftyintradaytradesetup

BANKNIFTY Intraday Trade Setup For 21 Dec 2022BANKNIFTY Intraday Trade Setup For 21 Dec 2022 Buy-Above 43455 Sl-43350 T-43775 44000 Sell-Below 43155 Sl-43265 T-42960 42700 BANKNIFTY has closed almost on a flat note with slight cut of 50 points. It has closed near day high which is a sign of bullish sentiment. This momentum will continue above today's high if sustained . Today sell triggered as per trade setup below 43290 and gave a smooth fall till 42960. Yesterday it was mentioned in the trade setup that 43000 is will be a strong hurdle. We saw 400 points V shape recovery from there. Coming to Wednesday's trade setup, if index opens flat an 15 Min candle closes above 43455 then we will long for the target of 43775 and 44000. For selling we need a 15 Min candle close below 43155. T-42960. Below 42950 we will proceed towards 42500. 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 BankNifty 21/12/22The FASP for Bank Nifty is listed for 21-12-2022. 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: Only valid for the intraday mentioned above. 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, Purple is either strong support or resistance and blue is regular resistance. 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
BankniftyThe global market indicates a slightly negative start. After the minor gap-down, if the market breaks the previous day's high, then we will expect pullback continuation. It will reach a minimum of 50 to 61% fib level. And also that's a (C) leg, so if the market rejects sharply, then we expect a correctional wave. Or if the market takes consolidation, then it will go further. On the other hand, after the gap-down market breaks the 38% zone, then we will expect range bound market to correction.
NSE:BANKNIFTYLong
by Manickamtraders
2
BANKNIFTY Intraday Trade Setup For 20 Dec 2022BANKNIFTY Intraday Trade Setup For 20 Dec 2022 Buy-Above 43455 Sl-43345 T-43620 43800 Sell-Below 43290 Sl-43400 T-43100 42855 BANKNIFTY has closed on a positive note with almost 0.5% gain. It has has closed near day high and a formed a Pinbar candle in daily TF. Bullish momentum will continue above today's high if sustained. We are likely to hit 43800 if 43455 is sustained. Next downside move with full force movement will be below 43080. Today nothing triggered as per trade setup and traded inside range. 10 o'clock range broke upside and gave 70+ points. VIX has once again cooled today. Coming to Tuesday's trade setup, if index opens flat and 15 min candle closes above 43455 then we will long. T-43620 and 43800. For selling we need a 15 min candle close below 43290. T- 43100. Below 43080 we will hit 42855 and 42630. 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
2
FASP Levels for BankNifty 20/12/22The FASP for Bank Nifty is listed for 20-12-2022. 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: Only valid for the intraday mentioned above. 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, Purple is either strong support or resistance and blue is regular resistance. 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
4
BANKNIFTY Intraday Trade Setup For 19 Dec 2022BANKNIFTY Intraday Trade Setup For 19 Dec 2022 Buy-Above 43450 Sl-43340 T-43620 43800 Sell-Below 43080 Sl-43190 T-42855 42630 BANKNIFTY has closed on a slight negative note last day and week. Since last 10 weeks we have been closing above previous week's low in weekly TF. Which is a positive sentiment. But if we break PWL and sustain below then we can see a good profit booking which will be the initial pullback of the mega upmove . If Friday's low will be safe then we will test 43800. Below that we will hit 42350. Only hurdle will be 43k. We have changed curve in VIX so we are likely to see medium to big length swing in intraday. Coming to Monday's trade setup, if we open flat and a 15 Min candle closes above 43450 then we will long. T-43620 and 43800. For selling we need a 15 min candle close below 43080. Target will be 42855 and 42630. Extended target will be 43350. 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
Bank Nifty Fib Levels for 19_12_22The Fib Levels for Banknifty is listed for 19-12-2022. 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. How Does This Work? 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. 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:BANKNIFTYShort
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 16 Dec 2022BANKNIFTY Intraday Trade Setup For 16 Dec 2022 Sell_1- Below 43370 Sl-43480 T-43175 42950 Sell_2- From 43810 Sl-43920 T-43600 43400 BANKNIFTY has closed on a negative sentiment with decent cut of 1.25%. It has closed near day low. This sentiment will continue below today's low. Last day we discussed in detail about the spinning top formed in daily TF yesterday. it was clearly mentioned that this is a sign of rest/reversal of the current uptrend. As it started to trade below spinning top's low the sentiment worked very well. Sell triggered as per trade setup @ 42980 and hit all targets (43400) with very good momentum as VIX changed curved (intraday). Coming to Friday's trade setup, if index opens flat and a 15 min candle closes below 43370 then we will short for the target of 43175 an 42950. In case we open gap up and 43810 is tested in the 1st hour then we will short from there for the target of 43600 and 43400. 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
3
BANKNIFTY Intraday Trade Setup For 15 Dec 2022BANKNIFTY Intraday Trade Setup For 15 Dec 2022 Buy-Above 44155 Sl-44045 T-44345 44595 Sell-Below 43980 Sl-44100 T-43850 43650 BANKNIFTY has closed with a slight gain of 0.23%. A spinning top candle has been formed in daily TF. This is a sign of rest/reversal of the current uptrend. It will act as a sign of reversal if we trade below its low and will be confirmed if daily candle closes below its low. Above its high current uptrend and its sentiment will continue. VIX is ultra low that is the reason we are seeing very slow and choppy momentum in intraday. Swings are short length. A head and shoulder chart pattern can be spotted in 5 Min TF. Neckline is the day low. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44155 then we will long for the target of 44345 and 44595. For selling we need a 15 min candle close below 43980. target will be 43850 and 43650. 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 14 Dec 2022BANKNIFTY Intraday Trade Setup For 14 Dec 2022 Buy-Above 43985 Sl-43875 T-44345 44595 Sell-Below 43850 Sl-43960 T-43600 43400 BANKNIFTY has closed on a positive sentiment with more than 0.5% gain. Last day it closed near day high and we planned to trade that bullish sentiment for the next day. Expected move came above previous day high. Buy triggered above 43770 and hit our 1st target slowly and steadily. This trade gave almost 200 points gain. Closing is near day high. This positivity will continue above today's high. Below today's low we can expect some down move. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43985 then we will long for the target of 44160, 44345 and 44595. 44k is psychological level so trail sl strictly. For selling we need a 15 Min candle close below 43850. Target will be 43600 and 43400. This is an aggressive short; confirmation will be 43765. 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 Dec 2022BANKNIFTY Intraday Trade Setup For 13 Dec 2022 Buy-Above 43770 Sl-43660 T-43965 44160 Sell-Below 43580 Sl-43690 T-43400 43050 BANKNIFTY has closed on a flat to slight positive sentiment. An inside candle has been formed in daily TF. Important level for a downside structure is 43350. Below this chances of a negative price action building is possible. If it sustains above today's high then we will hit psychological level of 44k. Nothing triggered as per trade setup today. Also 10 o'clock range was intact. We saw good moves in the 1st 1 hour then total sideways. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43770 then we will long for the target of 43965-44k. 2nd target will be 44160. For selling we need a 15 Min candle close below 43580. Target will be 43400. Below 43360 we will hit 43050-43k. 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 12 Dec 2022BANKNIFTY Intraday Trade Setup For 12 Dec 2022 Buy-Above 43855 Sl-43745 T-44100 44345 Sell-Below 43360 Sl-43470 T-43051 42830 BANKNIFTY has closed on a flat note on Friday. For the 10th consecutive week it has closed in green. Till now no weekly low has been tested and sustained. Weakness will come only when it will close below any previous week's low. A hanging man has been formed in daily TF. If the next daily candle closes below its low then only its sentiment will be strengthened. Also no previous swing low has been tested. Once again a triangle pattern has been formed in 15 Min TF. Breakout then supporting price action will lead to breakout momentum. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 43855 then we will long for the target of 44100 and 44345. For selling we need a 15 min candle close below 43360. Target will be 43050. Post bounce from this psychological level if low breaks then we will see 42400. 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 Dec 2022BANKNIFTY Intraday Trade Setup For 9 Dec 2022 Buy-Above 43645 Sl-43540 T-73755 43872 44050 Sell-Below 43520 Sl-43630 T-43330 43140 BANKNIFTY has given a very strong closing today. It has closed with 1.15% gain. Now important support is 42900 in hourly TF. Below this we can see a profit booking. Last day it was clearly told that we have been inside a tight range. It was mentioned that we have formed a triangle pattern, on breakout we can see a good momentum. So has happened today. Buy triggered @ 43181 on 15 Min candle close and it gave no-stop rally till 43640. Coming to Friday's trade setup, if index opens flat an a 15 Min candle closes above 43645 then we will long for the target of 43755, 43872 an 44050. For selling we need a 15 Min candle close below 43520. Target will be 43330 an 43140. BTW this a bit aggressive as last swing low is 43330. 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