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Bankniftyintradaytradesetup

Bank nifty Intraday levels for 04.11.2022Resistance level: 41475 Support level : 41208.70 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance *** For quick scalping use 5-minute time frame***** Note: Pls check my previous day idea for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:BANKNIFTY
by AATHIE
BANKNIFTY Intraday Trade Setup For 3 Nov 2022BANKNIFTY Intraday Trade Setup For 3 Nov 2022 Buy-Above 41225 Sl-41115 T-41350 41475 41570 Sell-Below 41060 Sl-41170 T-40840 40610 BANKNIFTY has closed on a negative sentiment with slight cut of 0.35% cut. Last day we planned to buy above 41400 , it was triggered but sl hit. Later 10 o'clock range broke downside and sell level also triggered and gave 170 points gain. In nutshell it was green as per trade setup. Important levels are 41850 and 40830. Above and below a fresh move will come. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41225 then we will long for the target of 41350, 41475. Above which we will hit 41570 and 41700. For selling we need a 15 Min candle close below 41060. Target will be 40840 and 40610. In between 40935 and 40718 are also placed. 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 2 Nov 2022BANKNIFTY Intraday Trade Setup 2 Nov 2022 Buy-Above 41400 Sl-41290 T- 41573 41700 41840 Sell-Below 41185 Sl-41290 T-40985 40840 40610 BANKNIFTY has closed absolute flat with just 18 points cut. It has closed on a negative sentiment as a profit booking from higher levels was witnessed in today's session. Important levels are 41850 and 40830. Above these levels next swing will be initiated. Last day we planned to buy above 41355 which hit our 2nd target 41680 very smoothly. Then fell form there and broke 10 o'clock range and gave more than 200 points move. Coming to Wednesday's trade setup, if index opens flat and 15 Min candle closes above 41400 then we will long for the target of 41573 and 41700. For selling we need 15 Min candle close below 41185. Target will be 40982 and 40840. 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 1 Nov 2022BANKNIFTY Intraday Trade Setup For 1 Nov 2022 Buy-Above 41355 Sl-41250 T-41500 41680 41850 Sell-Below 41215 Sl-41315 T-41105 40980 40840 BANKNIFTY has closed on a positive note with 0.77% gain. Today it directly opened at our 1st target in buy side and fell 150 points from there. Then it turned sideways and consolidated between 10 o'clock range. Next day trade will be based on today's range. Important swing low in daily TF is 40839. Below which a bearish price action can established. If it sustains above ATH then we can see a good up move. Monthly TF chart looks bullish above ATH. Coming to Tuesday's trade setup, if index opens flat and a 5/15 Min candle closes above 41355 then we will long for the target of 41500+. Above 41550 if sustained then we will test ATH levels. For selling we need a 15 Min candle close below 41215/ Target will be 41105. Below 41105 we will hit next targets - 40980 and 40840. Range in 15 Min TF is 41531 and 40835. 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 31 Oct 2022BANKNIFTY Intraday Trade Setup For 31 Oct 2022 Buy-Above 41065 Sl-40950 T- 41265 41500+ Sell-Below 40835 Sl-40950 T-40610 40330 BANKNIFTY has closed just in the positive territory last weak. A tiny candle red candle with slight positive gains has been formed. On Friday buying trade hit a 110 points sl then we sell triggered and that gave more than 300 points gain. Inside candle's range was broken and gave 180 points move but end of the day closed inside the range. Now the range is 41550 and 40835. Directional move is expected on this breakout. Also we are trading at crucial levels as ATH is nearby. We need some price action in daily TF for further move expectancy. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 41065 then we will long for the target of 41265, 41400 and near 41500 levels. For selling we need a 15 Min candle close below 40835. Target will be 40610 and 40330. 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 28 Oct 2022BANKNIFTY Intraday Trade Setup For 28 Oct 2022 Buy-Above 41370 Sl-41260 T- 41530 41670 41840 Sell-Below 41175 Sl-41285 T-41020 40800 40600 BANKNIFTY has closed with 0.43% gain today. An inside candle has been formed in daily charts. Mother candle's high is 41535 and 41020. Breakout of this range will give a directional move . Initial target post breakout will be the height of the range which 500 points. Last day it opened with a decent gap up and buy triggered which gave more than 110 points which was 1:1. Later 10 o'clock range broke downside and gave 80 points. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 41370 then we will long for the target of 41530, 41670 and 41840. For selling we need a 15 Min candle close below 41175. Target will be 41020. Below 41000 we will head towards 40800 and 40600. 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 27 Oct 2022BANKNIFTY Intraday Trade Setup For 27 Oct 2022 Buy-Above 41400 Sl-41290 T-41630 41840 42230 Sell-Below 41020 Sl-41130 T-40800 40610 40330 BANKNIFTY has closed on a negative note with 0.44% cut on Tuesday. Last day it opened with a decent gap up and traded inside range where 10 o'clock range was intact the whole day. Short trade as per trade setup gave just 90 points. I had already updated to trail sl to cost with RR ratio. Currently index is at a striking distance from ATH. Sustaining above 41400 and above last day's high can trigger a short covering. We have to be alert in this zone as it at a crucial place. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41400 then we will long for the target of 41630 and 41840. If it sustains above 41850 then we can see a short covering move to hit further mentioned targets. For selling we need a 15 Min candle close below 41020. Target will be 40800, 40610. Below 40600 we will dive near 40300. 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 Oct 2022BANKNIFTY Intraday Trade Setup For 25 Oct 2022 Buy-Above 41430 Sl-41310 T- 41631 41840 42000+ Sell- Below 41200 Sl-41310 T- 40875 40610 40330 BANKNIFTY has closed on a positive note with 1.28% gain. A doji has been created on Monday which is a sign of halt; indecision. Next day closing above or below the candle's high and low will give us the sentiment which side the indecision can turn. After swing buy triggered on 17 Oct 2022 @ 39610 Index has been trending in our favor and we are at striking distance from ATH. TSL can be kept at PDL (CB). Above ATH once again index will be trending for a larger up move. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 41430 then we will long for the target of 41631 and 41840. For selling we need a 15 Min candle close below 41200. Post breakdown we will short for the target of 40875 and 40610. 41000 is midway so be alert on that as a target. 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 Oct 2022BANKNIFTY Intraday Trade Setup For 21 Oct 2022 Buy-Above 40210 Sl-40095 T-40360 40500 40650 Sell-Below 40024 Sl-40140 T-39850 39710 39550 BANKNIFTY has closed with 0.68% cut today. Our swing long target was hit last day( 19 Oct) which was triggered @ 39610 on 17 Oct. After that index has collapsed around 800 points. Last day we planned planned to sell below 40195 which gave more than 300 points and our 1st target was hit. Usual bounce came came from support. A range has been formed in today's trading session, above and below which a fresh move will come. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 40210 then we will long for the target of 40360, 40500. If 40550 is sustained then we will hit 40800. For selling we need a 15 Min candle close below 40024. Target will be near 39850. Below 39845 we will hit 39710 and 39550. 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 20 Oct 2022BANKNIFTY Intraday Trade Setup For 20 Oct 2022 Buy-Above 40535 Sl-40420 T-40800 41000 41200 Sell-Below 40195 Sl-40305 T-39900 39710 39550 BANKNIFTY has closed on a flat note with 54 points gain, just like NIFTY. Today our 1st target in long side was hit which was triggered on 17 Oct @ 39610 (39610-39640+) . As usual a profit booking came as we booked some gains. Last day we planned to buy above 40436 which hit our 1st target very smoothly and then fall came from there. 10 o'clock range broke downside below 40448 and gave 435 points gain. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 40535 then we will long for the target of 40800, 4100 and 41200. For selling we need a 15 Min candle close below 40195. Target will be 39900, 39710 and 39550. Be strict to trail sl to cost with RR ratio. 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 19 Oct 2022BANKNIFTY Intraday Trade Setup For 19 Oct 2022 Buy-Above 40436 Sl-40320 T-40600 40779 Sell-Below 40199 Sl-40315 T- 39950 39780 BANKNIFTY has closed on a positive note with 1% gain today. The daily range (39610-38430) was broken in the higher side and has given a very good move till now (39610-40435). Our 1st target was near 40500 which is almost hit. Next target is 40779. Keep trailing sl in 15 Min TF. As per last trade setup, 40300 acted as a resistance today and gave more than 160 points fall from there. 10 o'clock range broke upside @ 40350 and gave 80 points move. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 40436 then we will long for the target of 40600 and 40779. After 2nd target you can trail and ride. For selling we need a 15 Min candle close below 40199. Target will be 40070, 39950 and 39780. 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-19/10/2022-LevelsHello Traders, Welcome to SriTrader5121 ____________________________________ BankNifty-19/10/2022-Levels IMPORTENT ZONE FOR THE DAY : 40254 - 40323 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP-SIDE then BUY with the Support of PDH and SELL with the Rejection of R2. (or) If market open as a FLAT and moves to DOWN-Side then BUY with the Support of PDL and SELL with the Rejection of S1. Possibility 2: GAP-UP If market open as a GAP-UP and moves to UP-Side then BUY with the Support of No and SELL with the Rejection of R2. (or) If market open as a GAP-UP and moves to DOWN-Side then BUY with the Support of PDH and SELL with the Rejection of R2 or PDH. Possibility 3: GAP-DOWN If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of S1 and SELL with the Rejection of PDL. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S2 and SELL with the Rejection of PDL. _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- 0.5-> 0.5% Swing PDH-> Previous Day High PDL-> Previous Day Low PDC-> Previous Day Close PDO-> Previous Day Open PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low D_S-> Day Support D_R-> Day Resistance W_S-> Week Support W_R-> Week Resistance W_O-> Week Open W_C-> Week Close LW_O-> Last Week Open LW_C-> Last Week Close IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones MS -> Major Support SH -> Swing-High SL -> Swing-Low DT -> Double Top DB -> Double Bottom TT -> Triple Top TB -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:BANKNIFTY
by SriTrader5121