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BANKNIFTY Intraday Trade Setup For 11 Jun 2024BANKNIFTY Intraday Trade Setup For 11 Jun 2024 Bullish-Above 50300 Invalid-Below 50190 T- 51000 Bearish-Below 49550 Invalid-Above 49660 T- 48730 BANKNIFTY opened absolutely flat and closed absolutely flat today. Intraday moves were choppy. It has formed a shooting star in daily TF and chance of a corrective move of the rise from 46100 is high. Below 49550 we may test 48700 zone. Chances of an inside candle looks high in weekly TF. 50300 will be important for any upside trigger, probably towards ATH. 48700 zone can act as an intraday support tomorrow. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 50300 then we will long for the target of 51k. For selling we need a 15 Min candle close below 49550. T- 48700. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Bank Nifty 10-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of s/1 and s/2 Sell - with rejection of R/1 and R/2 Major Support - Around 493## Major Resistance - Around 505## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to fallow... 1) Wait for conformation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purpose and a helping hand to learn trading in live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at respective zone how it works near that zone. 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.
NSE:BANKNIFTY
by SriTrader5121
Bank Nifty 07-06-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDH Sell - with rejection of PDL Major Support - Around 480## Major Resistance - Around 505## See the price action at our zones, take the trade according to your Risk - Reward. Happy Learning and Trading – SriTrader5121 _______________________________________ Rules to fallow... 1) Wait for conformation. 2) See the price action at our zones. 3) Trade with Strict Stop Loss. 4) Trade with Small Quantity. 5) Take entries based on Support & Resistance Zones. _____________________________________________________ Please take the trade according to the zones marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries based on your own analysis and risk. This is for education purpose and a helping hand to learn trading in live market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at respective zone how it works near that zone. 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.
NSE:BANKNIFTY
by SriTrader5121
BANKNIFTY Intraday Trade Setup For 3 May 2024 | Loksabha TradingBANKNIFTY Intraday Trade Setup For 3 May 2024 Bullish-Above 49150 Invalid-Below 49000 T- 50570 52170 BANKNIFTY has closed on a neutral note last week unlike NIFTY being on a slight bearish note. This means that there is a divergence of strength which will lead BANKNIFTY being stronger than NIFTY in the coming days. As per Exit Polls it looks that there can a huge short covering rally ahead of result day. In the coming days 52250 zone can be tested. High chance of a big gap up on Monday so follow 10 o'clock range breakout. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 49150 then we will long for the target of 52170. High chance of a gap up so follow 10 o'clock range to build trade with calculated risk. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 30 May 2024BANKNIFTY Intraday Trade Setup For 30 May 2024 Bullish-Above 48700 Invalid-Below 48590 T- 49230 Bearish-Below 48350 Invalid-Above 48460 T- 47625 BANKNIFTY has closed on a bearish note with 1.3% cut today. Index opened with a big gap down of 355 points. 10 o'clock range was to be used as per setup, range broke downside below 48770, trade gave almost 1:4 gain till 48405 with slow momentum. Tomorrow if 48350 acts as a initial support then a bounce towards 48700 zone is possible. In case index breaks 48350-30 then a gradual fall towards 47625 is possible. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 48700 then we will long for the target of 49230. For selling we need a 15 Min candle close below 48350. T- 47625. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 29 May 2024BANKNIFTY Intraday Trade Setup For 29 May 2024 Bullish-Above 49350 Invalid-Below 49240 T- 49775 Bearish-Below 49040 Invalid-Above 49150 T- 48450 BANKNIFTY has closed on a bearish note with 0.28% cut today. Yesterday we discussed that chances of index being inside 49700 and 49000 is high, so has happened today. Now tomorrow chances of a trendy move tomorrow. Below 49000 index may slip towards 48450 zone. Above 49350 chances of a upmove is also there. Be ready for both side moves ahead of major event. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 49350 then we will long for the target of 49800. For selling we need a 15 Min candle close below 49040. T- 48450. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 27 May 2024BANKNIFTY Intraday Trade Setup For 27 May 2024 Bullish-Above 49060 Invalid-Below 48950 T- 49635 Bearish-Below 48640 Invalid-Above 48750 T- 48200 BANKNIFTY has closed on a bullish note with 1.6% gain last week. Index looks ready for a fresh ATH. Index is still following the channel in daily TF, now the upper trendline of the channel has to be tested which will take index above 50k mark. If index sustains above today's high after 10 o'clock then once again there is a chance of trendy move on Monday. Below 48600 index may give a retracement of the 90 degree upmove from 47450. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 49060 then we will long for the target of 49650. For selling we need a 15 Min candle close below 48640. T- 48200. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 24 May 2024BANKNIFTY Intraday Trade Setup For 24 May 2024 Bullish-Above 48850 Invalid-Below 48740 T- 49450 Buy_2- From - 48250 Invalid-Below 48140 T- 48800+ BANKNIFTY has closed on a bold bullish note with 2% gain today. After 2 weeks it was a clear trendy day. Tomorrow once again we can expect continuation above today's high. Best scenario will be on a flat opening a slight pullback before the breakout of 48850. In case there is a down move then 48250 will be a strong support (38.2%). We will consider a buy position from the same. Avoid bearish view till a bearish price action establishes in 15 Min TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 48850 then we will long for the target of 49450. 2nd buy can be considered from 48250. T- 48800+. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 20 May 2024BANKNIFTY Intraday Trade Setup For 20 May 2024 Bullish-Above 48300 Invalid-Below 48190 T- 48720 49165 Bearish-Below 48000 Invalid-Above 48110 T- 47450 BANKNIFTY has closed on a slight bullish note with 1.64% gain last week. Index is taking 5th bounce from channel's lower trendline in daily TF. As per this ongoing pattern index will test the upper trendline. One need to check previous lows in daily TF, break of any previous will trigger a downside structure which be somehow strong. Topping out signs needs to be spotted in monthly TF. I will treat index decline till it is below 50k and bullish above the same. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48300 then we will long for the target of 48720. For selling we need a 15 Min candle close below 48000. T- 47450. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 17 May 2024BANKNIFTY Intraday Trade Setup For 17 May 2024 Bullish- Above 48070 Invalid-Below 47960 T- 48665 Buy_2- From 47650 Invalid- Below 47540 T- 48100+ BANKNIFTY has closed on a bullish note with 0.61% gain today. It was just too volatile the whole day. Twice it got sold into with a deep pullback. Index gave a sharp recovery and closed near day high. It has formed a Pin-bar candle in daily TF, above today's high we can expect good up move towards 48665. Index may find intra support near 47650 zone. We will maintain bullish view tomorrow but with TSL in 5 MIN TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 48070 then we will long for the target of 48665. 2nd buy can be done from 47650 zone. T- 48100+. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
6
BANKNIFTY Intraday Trade Setup For 16 May 2024BANKNIFTY Intraday Trade Setup For 16 May 2024 Bullish-Above 47970 Invalid-Below 47860 T- 48510 Bearish-Below 47500 Invalid-Above 47610 T- 46950 BANKNIFTY has closed on a bearish note with 0.36% cut today. Since last 2 sessions index has stuck between 48000 and 47500. As per discussed analysis in the weekend we discussed the possibility of halt of the downtrend or reversal. Index has taken a halt which is common before reversal. We will trade on the range breakout of 48000 and 47500. Maintain neutral/sideways view between this range. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47970 then we will long for the target of 48511. For selling we need a 15 Min candle close below 47500. T- 46950. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 15 May 2024BANKNIFTY Intraday Trade Setup For 15 May 2024 Bullish-Above 47950 Invalid-Below 47840 T- 48511 49050 Bearish-Below 47600 Invalid-Above 47710 T- 47000 BANKNIFTY has closed on a slight bullish note with 0.22% gain today. It was total consolidation day, index traded between 47900 and 47600 for the whole day. Nothing triggered as per trade setup today. It has regained 50 EMA in daily TF. In the weekend we discussed in detail about the possibility of halt or reversal of the downmove due to the confluence of the 50 EMA and an inverted hammer on it in daily TF. 48000 will be an important short covering level. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47950 then we will long for the target of 48510. For selling we need a 15 Min candle close below 47600. T- 47000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 14 May 2024BANKNIFTY Intraday Trade Setup For 14 May 2024 Bullish-Above 47850 Invalid-Below 47740 T- 48480 Bearish-Below 47200 Invalid-Above 47310 T- 46650 BANKNIFTY has closed on a bullish note with 0.74% gain today. Index respected the lower trendline support of the channel pattern it is following. In the weekend also we discussed that there is a possibility of halt or reversal due the confluence of the 50 EMA and an inverted hammer over that. Possibility of gap up looks high tomorrow. Incase it opens directly near 48500 ,it can be sold into. Best trade will be in long side above 47850. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 47850 then we will long for the target of 48480. For selling we need a 15 Min candle close below 47200. T- 46650. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Banknifty weekly analysis for 13/05/2024.Banknifty has been trading in a rising parallel channel which is a bearish pattern. The support trend line has been tested 4 times and it is testing it again, closing around it. Even the weekly 20 Ema is around the closing of the candle. If there is a break down on the weekly candle after 2-3 days of consolidation or halt, there is a high chances of bearish momentum is the markets. Major support/target levels:-46600, 45800 Let the market decide the trend and trade accordingly. For last 8 trading session, there is a red candle on the daily charts. A retracement or consolidation is required before any further fall in the market. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 13 May 2024BANKNIFTY Intraday Trade Setup For 13 May 2024 Bullish-Above 47800 Invalid-Below 47690 T- 48400 Bearish-Below 47300 Invalid-Above 47410 T- 46737 46090 BANKNIFTY has closed on a bold bearish note with 3% cut last week. In the last weekend we discussed that despite it closed with 1.5% gain there is a selling pressure from higher levels. Index is overall sell on rise till it regains previous weekly high. In daily TF index has reached 50 EMA zone and formed an inverted hammer which indicates a potential halt or reversal. To reverse it has to make a bullish price structure in hourly and daily TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 47800 then we will long for the target of 48400. For selling we need a 15 Min candle close below 47300. T- 46737 and 46090. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Banknifty Intraday Prediction Levels for 10 May 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
Banknifty Intraday Prediction Levels for 9 May 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
BANKNIFTY Intraday Trade Setup For 9 May 2024BANKNIFTY Intraday Trade Setup For 9 May 2024 Bullish-Above 48250 Invalid-Below 48140 T- 48750 Bearish-Below 47850 Invalid-Above 47960 T- 47200 BANKNIFTY has closed on a bearish note once again with 0.55% cut today. It opened below our sell level and respected the same however overall it was sideways with injections. It has formed a spinning top candle in daily TF above its high there can pause if not reversal of the downmove. Bears will try to grip below 47950 but will short below confirmation level- 47850. We will ride the short with trailing sl in 5 MIN TF. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 48250 then we will long for the target of 48750. For selling we need a 15 Min candle close below 47850. T- 47200. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 6 May 2024BANKNIFTY Intraday Trade Setup For 6 May 2024 Bullish-Above 49200 Invalid-Below 49090 T- 49725 Bearish-Below 48650 Invalid-Above 48760 T- 48100 47550 BANKNIFTY has closed with 1.5% gain last week, however both side moves were seen. Index has taken stiff resistance from psychological level 50k and corrected till previous hourly level 48700. Now possibility is high of a bounce from this CIP level. In that case 49200 will be confirmation. In rare case of a gap down opening I will personally wait for 10 o'clock range breakout in the upside. In case of opening above 48700 best trade will be in short side below 48650. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48200 then we will long for the target of 49725 and 50250. For selling we need a 15 Min candle close below 48650. T- 48100 and 47550. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 3 May 2024BANKNIFTY Intraday Trade Setup For 3 May 2024 bullish- Above 49550 Invalid-Below 49440 T- 50075 50685 Bearish-Below 49100 Invalid-Above 49210 T- 48550 48050 BANKNIFTY has closed with a slight cut of 0.34% today. It did not give the pullback move expected as our main criteria was that Tuesday's low should have been safe as discussed on Tuesday EOD. As index gave a breakout of ATH few days back so bulls may try to close at ATH levels, so 49550 will play an important swing to initiate a bullish move. Below 49110 index will dive towards plotted 0.618 half bat. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 49550 then we will long for the target of 50075 and 50685. For selling we need a 15 Min candle close below 49100. T- 48550 and 48050. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 30 Apr 2024BANKNIFTY Intraday Trade Setup For 30 Apr 2024 Bullish-Above 49500 Invalid-Below 49390 T- 50085 Bearish-Below 48940 Invalid-Above 49050 T- 48480 BANKNIFTY has closed on a bold bullish note after a long time with 2.54% gain today. Buy triggered as per trade setup above 48510 and index just sky rocketed till 49470. In the weekend we discussed that 48700 and 47700 are hourly levels. Breakout of this range in the upside gave a fantastic move. Tomorrow if index opens flat and gives a small pullback towards 49230 and then crosses 49500 then we will buy. 48950 will act as a strong support, post bounce below 48940 we will plan to short. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 49500 then we will long for the target of 50085. For selling we need a 15 Min candle close below 48940. T- 48480. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 26 Apr 2024BANKNIFTY Intraday Trade Setup For 26 Apr 2024 Bullish-Above 48650 Invalid-Below 48540 T- 48250 Bearish-Below 48050 Invalid-Above 48160 T- 47550 BANKNIFTY has closed on a bullish note with 0.63% gain today. It opened with a big gap down of 400 points and then recovered immediately and ended closing near day high. Seeing today's daily candle if index flat tomorrow and then above 48650 we will get a clear move towards 49250 which may act as resistance. 48070 will act as an intraday support. Below 48050 bears will take charge. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 48650 then we will long for the target of 49250. For selling we need a 15 Min candle close below 48050. T- 47550. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto