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Bankniftyintradaytradesetup

BANKNIFTY Intraday Trade Setup For 21 Mar 2024BANKNIFTY Intraday Trade Setup For 21 Mar 2024 Bullish-Above 46750 Invalid-Below 46640 T- 47350 Bearish-Below 45800 Invalid-Above 45910 T- 45220 BANKNIFTY has closed with a minor cut of 0.16% today. The 50 EMA in daily TF has really become like a magnet which pulls BANKNIFTY closure whenever it inches away. Today sell triggered below 46250 but breakout candle was huge leading to void entry. It has once again formed a Pinbar in daily TF so above today's high bulls will try to close BANKNIFTY above 50 EMA again. However our key level for upside breakout is 46750 as per falling parallel channel. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46750 then we will long for the target of 47350. For selling we need a 15 Min candle close below 45800. T- 45220. 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 21-03-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone Sell - Below Side-ways-zone 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 20 Mar 2024BANKNIFTY Intraday Trade Setup For 20 Mar 2024 Bullish-Above 46750 Invalid-Below 46640 T- 47255 Bearish-Below 46250 Invalid-Above 46360 T- 45660 45140 BANKNIFTY has closed on a bearish with 0.41% cut today. Index has closed below 50 EMA after after 18 days. Now below today's low 46250 there can be a strong downmove however key level is 46000. Tomorrow's best trade will be in short side below today's low, ideally on flat opening. We will change our bearish view to bullish if index regains 50 EMA in daily TF. Between 46750 and 46250 index will be sideways like seen today. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 46750 then we will long for the target of 47255. For selling we need a 15 Min candle close below 46250. T- 45660 and 45140. 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
Bank Nifty 19-03-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone Sell - Below Side-ways-zone 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 Prediction Levels for 18 March 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 19 Mar 2024BANKNIFTY Intraday Trade Setup For 19 Mar 2024 Bullish-Above 46750 Invalid-Below 46640 T- 47350 47855 Bearish-Below 46000 Invalid-Above 46110 T- 45430 44819 BANKNIFTY has closed on an absolute flat note today. For the 3rd day index is playing around 50 EMA on close to close basis. However it has formed a Pinbar candle in daily TF. Above its high there can be a good bullish move. 46750 is the level for a bullish trigger towards 47855. 46000 will be an intraday support, breakdown of which will trigger a short term bearish move. Ideal and best trade looks in the upside. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46750 then we will long for the target of 47350 and 47855. For selling we need a 15 Min candle close below 46000. T- 45430 and 44820. 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 18 Mar 2024BANKNIFTY Intraday Trade Setup For 18 Mar 2024 Bullish-Above 46810 Invalid-Below 46700 T- 47375 47855 Bearish-Below 46300 Invalid-Above 46410 T- 45750 45220 BANKNIFTY has closed on a bearish note last week with 2.6% cut last week. Index is at 50 EMA in daily TF. If at all index has to take support from this zone then we will wait for a bullish price structure atleast in hourly TF while it has to regain 47000 to gain bullishness. Below 46300 index may give a sharp downside as it hourly trendline support. 45660 is another big level for a larger slide. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46810 then we will long for the target of 47375 and 47855. For selling we need a 15 Min candle close below 46300. T- 45750 and 45220. 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
4
BANKNIFTY Intraday Trade Setup For 15 Mar 2024BANKNIFTY Intraday Trade Setup For 15 Mar 2024 Bullish-Above 47250 Invalid- Below 47140 T- 48040 Bearish-Below 46550 Invalid-Above 46660 T- 45930 45360 BANKNIFTY has closed on a bearish note with 0.41% cut today. Index is at a decisive level, 50 EMA in daily TF. If it all it has to take support then 46550 should be safe and should make a bullish price structure. In hourly TF it has maintained a falling channel, breakout will confirm 50 EMA support. Below 46550 there can be panic selling. 46950 will be an important internal level. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47250 then we will long for the target of 48040. For selling we need a 15 Min candle close below 46550. T- 45930 and 45350. 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 11/03/24.After 3 days holiday markets will open tomorrow. Banknifty has been halting around the higher levels and constantly facing rejection around 48k levels. On the weekly charts, there is a bullish move in the market and seems to continue as nifty is around the highs but banknifty is still lagging behind it. An inside candle has been formed on the daily charts and near the high. If there is a break out new highs can be tested this week for banknifty. Else it may come to test the lower levels. Major support levels :- 47520, 47260 Resistance :- 48150, 48260, 48400 Buying there on every dip and resistances above are weak. Bullish move is expected as the charts indicate. If there is a gap down opening, it would be wise to avoid trading for intraday as there will confusion in the markets. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 14 Mar 2024BANKNIFTY Intraday Trade Setup For 14 Mar 2024 Bullish-Above 47250 Invalid-Below 47140 T- 47850 Bearish-Below 46840 Invalid-Above 46950 T- 46218 45640 BANKNIFTY has closed on a bearish note with 0.64% cut today. However BANKS were defending NIFTY or else NIFTY would have tanked much more resulting into pure panic selling. Sell triggered as per trade setup below 47180 and gave a move till 46850. Tomorrow 47250 will be important level for upside if broken. In case it 46840 is broken in the downside after flat opening then we can see good intraday fall towards 46210. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47250 then we will long for the target of 47855. For selling we need a 15 Min candle close below 46840. T- 46218 and 45640. 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 13 Mar 2024BANKNIFTY Intraday Trade Setup For 13 Mar 2024 Bullish-Above 47500 Invalid-Below 47390 T- 47855 48385 Bearish-Below 47150 Invalid-Above 47260 T- 46645 BANKNIFTY closed almost on a flat note with a minor cut of 0.1% after a huge volatility today. As per the trade setup short triggered @ 47810 and gave a nose dive till 46885. Plotted half bat worked like a dot level. Now tomorrow if there is a big gap up above 47800 then chances of Open= High will be high. Opening between 47500 and 47200 will be best suited to trade on 47500 and 47150 range breakout. Till the time leader NIFTY is in distribution phase or trading between the parallel channel momentum will be fuss. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47500 then we will long for the target of 47855 and 48386. For selling we need a 15 Min candle close below 47150. T- 46615. 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 13-03-2024 AnalysisHello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - Above Side-ways-zone / with support of PDL / with support of Strong-resistance Sell - Below Side-ways-zone / with rejection of PDH / with rejection of Strong - resistance 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 12 Mar 2024BANKNIFTY Intraday Trade Setup For 12 Mar 2024 Sell_1- From 47810 Invalid-Above 47920 T- 47500 47200 Sell_2- Below 47200 Invalid-Above 47310 T- 46615 46068 BANKNIFTY has closed on a bearish note with with 1% cut today. Sell triggered as per trade setup below 47730 and gave a good move in favor till 47235. Although a clear move, the momentum was really pathetic which is mainly due to VIX. It has to regain 16 then only there will be good momentum in intraday. Tomorrow above 47500 it will test 47810 zone. 47810 will act as a strong resistance and we will plan a short from there. Below 47200 clear bearish momentum will kick in. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 47200 then we will short for the target of 46615 and 46068. 2nd sell can be planned from 47810. T- 47500 and 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
Bank Nifty 12-03-2024 Analysis Hello Traders, Welcome to SriTrader5121 _______________________________________ Overall view for the day. Buy - with support of PDL / Strong- Resistance Sell - with rejection of PDL / support 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 11 Mar 2024BANKNIFTY Intraday Trade Setup For 11 Mar 2024 Bullish-Above 48170 Invalid-Above 48060 T- 48800 49430 Bearish-Below 47730 Invalid-Above 47840 T- 47140 46645 BANKNIFTY has closed on a slight bearish note last week with 1.16% gain last week. Last week we saw a good grip of bulls in the initial 2 days and then some some sideways move. Index will give a bold bullish move once again above 48170 if crossed. Reason behind a bold bullish move is based on current market trend and bulls grip and a compression seen on last day. Trendline breakout will be early indication of impulse trigger. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48170 then we will long for the target of 48800 and 49430. For selling we need a 15 Min candle close below 47730. T- 47140 and 46645. 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 7 Mar 2024BANKNIFTY Intraday Trade Setup For 7 Mar 2024 Bullish- Above 48180 Invalid-Below 48070 T- 48800 49430 Bearish-Below 47720 Invalid-Above 47830 T- 47140 46645 BANKNIFTY has closed on a bullish note with 0.81% gain today. Index has filled a major gap area today. This gap area/zone can act as a resistance now. After a rejection from this zone if index sustains above 48180-200 then the bullish move will continue. But first outlook seems to be a resistance zone. Below 47720 if index sustains then intraday sell off can be seen and gap area resistance will be validated by a bearish price structure. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 48180 then we will long for the target of 48800 and 49430. For selling we need a 15 Min candle close below 47730. T- 47140 and 46645. 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 levels for weekly expiry (06/03/24).It has given a nice up move in a single candle and closed forming a flag and pole pattern. The market movement is consolidation, a move and consolidation again. Tomorrow being the weekly expiry banknifty may give a trending move. Major resistance levels :- 47700, 47830, 48000 If there is a gap up opening, there are chance of market moving even higher and closing above 48k levels. In case of a flat to slight gap down opening, a bullish move can be captured as per the price action. Support levels :- 47500, 47280 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by Mambotrade
#Banknifty directions and levels for March 6th.The Banknifty structure is a little different; as per the wave structure, there is a pullback wave bending (minor sub-wave 5th). So, if the market breaks yesterday's high, then we can expect a range between 47821 to 47957. Since this is the 5th wave, once it rejects there, we can anticipate a correctional wave that may take a 23 to 38% Fibonacci correction to the minor swing. however, if it sustains there(47957) then we can expect further extension. Alternatively, if it declines initially, the 47427 level will act as a crucial support. If it finds support there, then we can initially expect a range market for rally continuation. However, if it breaks, it might turn into an overall correction phase."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 4 Mar 2024BANKNIFTY Intraday Trade Setup For 4 Mar 2024 Bullish-Above 47450 Invalid-Below 47340 T- 47950 48450 Buy_2- From 46645 Invalid-Below 46535 T- 47000 47450 BANKNIFTY has closed on a slight bullish note with 1% gain last week. It has given a strong breakout candle on Friday , it is the 2nd attempt to cross 46600 CB. Index seems ready for a fresh ATH journey again. But as of now it is near a trendline resistance if drawn from ATH. So a pullback scenario looks high as per current positioning before the start of impulse. It can test 46645 zone and this can be a buying zone with a very small sl. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 47450 then we will long for the target of 47950 and 48450. 2nd buying can be done from 46645. T- 47000 and 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
BankNifty Intraday Trade Setup | 4th MarSaturday was a special trading session and BankNifty opened with a gap-up around 47430 and that was the high of a small trading session. For tomorrow, BankNifty has to sustain above 47520 for further upside which can take BankNifty towards 47650 and upper marked levels. On the other side, if BankNifty breaks 47180 on downside, we expect to see 47050 and below marked levels on the chart. Expectations: Volatile day. Intraday Levels: Buy Above - 47520 Sell Below - 47180 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NSE:BANKNIFTY
by InvestPro_India
1
BANKNIFTY Intraday Trade Setup For 1 Mar 2024BANKNIFTY Intraday Trade Setup For 1 Mar 2024 Bullish-Above 46350 Invalid-Below 46240 T- 46900 47425 Bearish-Below 45650 Invalid-Above 45760 T- 45000 44400 BANKNIFTY has closed on a slight bullish note with 0.34% gain today. It as the worst price action day in intraday. Most of the moves were random to decay premiums from both sides. The daily candle does not cater a strong sentiment. The plotted trendline can be a potential hurdle. After a pullback from this trendline we we get a breakout above 46350 then we will consider bullish trade. Below 45650 it can test round level 45k. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46350 then we will long for the target of 46900 and 47425. For selling we need a 15 Min candle close below 45650. T- 45000 and 44400. 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 28 Feb 2024BANKNIFTY Intraday Trade Setup For 28 Feb 2024 Bullish- Above 46740 Invalid-Below 46630 T- 47250 47830 Bearish-Below 46310 Invalid-Above 46420 T- 45800 45310 BANKNIFTY has closed on an absolute flat note today. The neck-point of the breakout in daily TF is 46300 which was defended today. The plotted trendline breakout will lead index to a higher high formation. Above 46730 there will be a good upside move. Below 46300 index will give a sharp fall towards 45550 zone. High probability trade looks in the upside as is on verge of breakout of the falling parallel channel. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 46730 then we will long for the target of 47250 and 47830. For selling we need a 15 Min candle close below 46310. T- 45800 and 45310. 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