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Bankniftyintradaytradesetup

BANKNIFTY Intraday Trade Setup For 16 Nov 2022BANKNIFTY Intraday Trade Setup For 16 Nov 2022 Buy-Above 42451 Sl-42340 T- 42640 42835 Sell-Below 42229 Sl-42340 T-42060 41920 BANKNIFTY has closed on a positive note with 0.7% gain today. Today it opened between the inside candle's range and traded inside till last hour. Nothing was triggered as per trade setup till last moment. In the late 2nd half buy triggered as per trade setup and gave 100 points move. The inside candle's range has been broken but has not closed above in daily TF. Above today's high it will be matured. Next important resistance will be 43055 which is also a round level. Below 41900 down move will be triggered. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42451 then we will long for the target of 42640 and 42835. Extended target will be 43055. For selling we need a 15 min candle close below 42229. Target will be 42060 and 41920. Below 41900 a good down move can be seen. 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 Nov 2022BANKNIFTY Intraday Trade Setup For 15 Nov 2022 Buy-Above 42350 Sl-42230 T- 42580 42835 43055 Sell- Below 41915 Sl-42025 T-71725 41530 41300 BANKNIFTY has closed on a flat note with just 60 points cut. An inside candle has been formed in daily TF. Inside candle's are formed when there is volatility contraction, today it traded within a small range of 270 points only. Today sell triggered as per trade setup and gave almost 1:1 profit. Already updated to manage RR in these sideways market. Inside candle's range is 42350 and 41915. Breakout of this range can decide the next momentum any side. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 42350 then we will long for the target of 42580, 42835 and 43055. For selling we need a 15 Min candle close below 41915. Target will be 41725, 41530. Below 41500 we can test 41300 and below. Index will be weak below 41965. 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 14 Nov 2022BANKNIFTY Intraday Trade Setup For 14 Nov 2022 Buy-Above 42350 Sl-42235 T-42580 42835 43055 Sell-Below 42070 Sl-42185 T-41880 41575 41300 BANKNIFTY gave a all time high closing last day and week. It closed with a moderate gain of more than 2% last week. Now it can stretch itself with extended gains from these levels. This leg of up-move started above 39610 which was well updated with all of you. Now TSL for long will be 41300. This level should be held firmly by the bulls. In case it slips below this level then it will start a downside journey to test 40800 and below levels. While important swing low is weekly TF is 37385. Also for any down move we have to spot a bearish price structure (M) in daily TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42350 then we will long for the target of 42580, 42835 and 42055. For selling we need a 15 Min candle close below 42070. Target will be 41880, 41575 and 41300. Keep a strict trailing sl 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
2
BANKNIFTY Intraday Trade Setup For 11 Nov 2022BANKNIFTY Intraday Trade Setup For 11 Nov 2022 Buy-Above 41645 Sl- 41535 T-41950 42230 Sell-Below 41315 Sl- 41425 T-41050 40820 BANKNIFTY has closed in negative with positive sentiment. It has closed with 0.43% cut but at day high. Today it opened below our sell level via gap up. 10 o'clock range broke downside below 41455 and gave a move till 41320. This trade gave more than 130 points profit which was 1:2 as per intraday chart. Then in the 2nd half usual recovery happened which is happening since last 3 days. Important resistance as of now is 41950-42000. Above which a short covering move can be expected. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 41645 then we will long for the target of 41950 and 42230. Then trail as per intraday charts for further up move. Important resistance will be 42440-42500. For selling we need a 15 Min candle close below 41315. Target will be 41050 and 40820. Chances of a big gap up is high due to US CPI numbers. 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 10 Nov 2022BANKNIFTY Intraday Trade Setup For 10 Nov 2022 Buy-Above 41950 Sl-41840 T-42230 42421 42575 Sell-Below 41665 Sl-41775 T-41465 41250 41050 BANKNIFTY has closed at ATH with slight gain of about 100 points today. Last day we planned to buy above 41780 on a 15 Min candle close. 2nd candle closed and gave more than 150 profit. BTW it was a heavy rangebound market today, some movement was seen only in the 2nd half. Today's range will be used for tomorrow's trading session. Coming to Thursday's trading session, if index opens flat and a 15 Min candle closes above 41950 then we will long for the target of 42230,42421 and 42575. For selling we need a 15 min candle close below 41665. Target will be 41465, 41250 and 41050. 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 Nov 2022BANKNIFTY Intraday Trade Setup For 9 Nov 2022 Buy-Above 41780 Sl-41670 T- 42065 42230 42421 Sell-Below 41530 Sl-41640 T-41340 41050 40820 BANKNIFTY has closed on a positive sentiment with 1% gain on Monday. Last day it opened with a big gap up, directly at our 1st buy target. 10 o'clock range broke downside below 41560 and gave a move till 41340. The daily candle is a hanging man which is a sign of weakness in uptrend. But this is will be confirmed only below its low. The weekly doji candle's high has been broken; sign of continuation. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 41780 then we will long for the target of 42065. This can act as a resistance. Next target if sustained will be 42230 and 42421. For selling we need a 15 Min candle close below 41530. Target will be 41340. Post bounce we will head towards 41050 and 40800-20. 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 7 Nov 2022BANKNIFTY Intraday Trade Setup For 7 Nov 2022 Buy-Above 41315 Sl-41200 T-41515 41700 41911 Sell-Below 41050 Sl-41165 T-40820 40610 40350 BANKNIFTY has closed on flat note on the last day and week. A neutral doji has been formed in weekly TF. Any side momentum is possible above and below the high(41680) and low(40800) of the candle. Important levels are 41850 and 40800 in daily TF. Breakout will lead to an start of a fresh swing either side. Selling pressure will build only when any previous swing will be broken in daily TF, as of now it is 40800. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 41315 then we will long for the target of 41515, 41700 and 41911. For selling we need a 15 Min candle close below 41050. Target will be 40820, 40610 and 40350. 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