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Bankniftyintradaytradesetup

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
BANKNIFTY Intraday Trade Setup For 4 Nov 2022BANKNIFTY Intraday Trade Setup For 4 Nov 2022 Buy-Above 41480 Sl-41370 T-41700 41911 42051 Sell-Below 41235 Sl-41345 T-40960 40820 40610 BANKNIFTY has closed on a positive note with 0.37% gain. Today it opened with a decent gap down, directly at our 1st sell target which was the major swing low in daily TF. As usual a sharp bounce came from support zone, the bounce was more than 600 in less than 2 hours. 10 o'clock range broke upside above 41335 and gave more than 140 points profit. Then index turned sideways and consolidated between 41480 and 41235. And this range will be used to build our trade next day. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 41480 then we will long for the target of 41700, 41911. If it sustains above 41950 the we will hit 42057 and 42230. For selling we need a 15 Min candle close below 41235. Target will be 40960, 40820. Below 40800 index will dive towards 40610. 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 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