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Bankniftyintradaytradesetup

BANKNIFTY Intraday Trade Setup For 28 Nov 2022BANKNIFTY Intraday Trade Setup For 28 Nov 2022 Buy-Above 43060 Sl-42950 T-43300 43522 Sell-Below 42860 Sl-42970 T-42630 42460 BANKNIFTY closed on a positive note last week but on a slight negative note last day. Week ended with 1.29% gain. On Friday we saw a minor profit booking and it closed with a minor cut of 0.21%. It can be start of profit booking, but we need a negative price action in hourly TF. This profit booking can pull BANKNIFTY till 41750 levels; confirmation in the form of negative price action needed. M pattern is needed in hourly and daily. Or else it will slowly and steadily inch higher. No swing low has been tested yet. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 43060 then we will long for the target of 43300. Above 43350 we will hit 43522+. For selling we need a 15 Min candle close below 42860. Target will be 42630. Below 42600 we will hit 42460. 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
BANKNIFTY Intraday Trade Setup For 25 Nov 2022BANKNIFTY Intraday Trade Setup For 25 Nov 2022 Buy-Above 43165 Sl-43050 T-43350 43522 43686 Sell-Below 42870 Sl-42980 T-42676 42460 BANKNIFTY has closed on positive note with 0.81% gain today. It has closed at all time high. As per trade setup buy triggered and gave a move above 42861 till 43160+. It was a bit noisy and sideways for more than 4 hours in between. Rally in NIFTY was smoother as no trailing sl was hit. It has closed above round level- 43000. Bullish sentiment likely to continue above today's high. If a bearish price structure establishes below 43000 in 5 Min TF then we can slide. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43165 then we will long for the target of 43350, 43522 and 43686. For selling we need 15 Min candle closes below 42870. Target will be 42676 and 42460. 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 Nov 2022BANKNIFTY Intraday Trade Setup For 24 Nov 2022 Buy-Above 42861 Sl-42750 T-43055 43250 43400 Sell-Below 42629 Sl-42740 T-42478 42347 42200 BANKNIFTY has closed on a positive note with 0.64% gain. A spinning top shaped candle has been formed in daily TF. It was total sideways till 1:30. Till last moment it was trading in 60 points range. Later 10 o'clock range broke upside and gave more than 150 points gain. As per trade setup all targets were only thing was it opened above 1st target. Sharp fall was seen in the last 30 Min. Next resistance will be 43055. Important support is 42200. Break of any these levels can give big move. Coming to Thursday's trades setup, if index opens flat and a 15 min candle closes above 42861 then we will long or the target of 43055,43250 and 43400. For selling we need 15 min candle close below 42629. Target will be 42478 , 42347 and 42200. Tomorrow is Monthly expiry so trade with caution in long side especially. A profit booking from higher levels( 43055) can take place. 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
BANKNIFTY Intraday Trade Setup For 23 Nov 2022BANKNIFTY Intraday Trade Setup For 23 Nov 2022 Buy-Above 42510 Sl-42400 T- 42637 42750 42870 Sell-Below 42345 Sl-42455 T-42200 42060 41890 BANKNIFTY closed on a slight positive note with 0.26% gain. Previous day loss regained today and a small tiny candle formed in daily TF. Currently index is just consolidating between a small range which is 42650 and 42200. This range breakout will lead a fresh move either side. Till then index is likely to trade without momentum with ultra short length swings in intraday; VIX has gone below 14. Today buy triggered @ 42390 on a 15 Min candle close and hit the 1st target. It took whole day to hit 115 points target. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42510 then we will long for the target of 42637, 42750 and 42870. For selling we need a 15 Min candle close below 42345. Target will be 42200, 42060 and 41890. 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 Analysis Intraday or Swing TradingBanknifty Is not moving as much beacuse of India Vix - below 15 were option selling is highy recomended. there will no move in market after 2:30. might be some move. taking small target for today and needs to be strict with stoploss. hence there will be stoploss hunting as on Spot Price chart there are movement, but not in Banknifty Chart. So highly Recommended option selling is best for today. Slow Market. Entry taken if 5 min candle close above in our Entry point direction.
NSE:BANKNIFTYShort
by ashray1
BANKNIFTY Intraday Trade Setup For 22 Nov 2022BANKNIFTY Intraday Trade Setup For 22 Nov 2022 Buy-Above 42390 Sl-42280 T-42513 42637 42870 Sell-Below 42200 Sl-42310 T- 42060 41890 41725 BANKNIFTY has closed with a minor cut of 0.21% today. The cut is contributed by gap down. Today it traded within a very small range; 41200 and 42400. It was complete choppy market. It tested our sell level. Updated to short below 42200 which was not triggered. It traded within the 10 o'clock range. Today's range is important for tomorrow's session. Above day high it will head towards 42600 zone Above 42650 if sustained then we will head towards 43050. Below 42200 it can start a downside journey towards 41500. Coming to Tuesday's trade Setup, if index opens flat and a 15 min candle closes above 42390 then we will long for the target of 42512, 42636. Above 42650 it will head towards 43050+. For selling we need a 15 min candle close below 42200. Target will be 42060. Below 42000 if sustained then we will proceed towards 41890, 41725 and 41530. 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 21 Nov 2022BANKNIFTY Intraday Trade Setup For 21 Nov 2022 Buy-Above 42480 Sl-42370 T-42620 42835 43055 Sell-Below 42220 Sl-42330 T-42060 41918 41725 BANKNIFTY closed on an absolute flat note on Friday. The week ended with a slight gain of less than 1%. In nut sell whole week was sideways. Last day as per trade setup, sell triggered and gave 140 points gain. Later it closed at mid point. Small range i.e 42625 and 42220 will decide the next move on breakout. Also we need a proper price structure (M) for sell side. This small range is important to watch out for a ultra short span of time. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42480 then we will long for the target of 42620. Above 42650 if sustained then we will hit 42835 an 43055. For selling we need a 15 Min candle close below 42220. Target will be 42060. Below 42000 if sustained we will hit 41725. 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 18 Nov 2022BANKNIFTY Intraday Trade Setup For 18 Nov 2022 Buy-Above 42625 Sl-42510 T-42835 43055 Sell-Below 42360 Sl-42470 T-42190 42000 BANKNIFTY has closed on a slight negative note with 0.18% cut today. A shooting star has been formed in daily TF which is a sign of reversal. It will be confirmed below its low- 42360. Today it traded inside previous day's range completely. Nothing was triggered as per trade setup. Index has formed a 160 points range in last 2 days. Breakout of this range (42625 and 42360) will trigger the next move. Initial target post breakout will be 250 points either side. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42625 then we will long for the target of 42835 and 43055. For selling we need a 15 Min candle close below 42360. Target will be 42190 and near 42000. 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 Nov 2022BANKNIFTY Intraday Trade Setup For 17 Nov 2022 Buy-Above 42615 Sl-42500 T-42835 43055 Sell-Below 42398 Sl-42410 T- 42190 42000 BANKNIFTY has closed on a positive note with 0.38% gain. Last day inside candle's range was broken in higher side above 42350 and told that this breakout will be matured above PDH. So has happened and gave 150 points up move above our buy level. It just traded in a 300 points range as VIX and volume both have collapsed since last week. Next important resistance is 43055. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42615 then we will long for the target of 42835 and 43055. For selling we need a 15 Min candle close below 42398. Target will be 41190 and near 42000. Below 41900 it will slide more. 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