BANKNIFTY Intraday Trade Setup For 26 Sep 2023BANKNIFTY Intraday Trade Setup For 26 Sep 2023
Bullish-Above 44940
Invalid-Below 44830
T- 44179 45400
Bearish-Below 44580
Invalid-Above 44690
T- 44250 43917
BANKNIFTY has closed on a slight bullish note with 0.35% gain today. It was discussed in the weekend that we will give pullback of the fall and 44500 zone can be the probable bottom. Today it gave a sharp recovery of 400+ points till 44936. Now on a flat opening above today's high we will give another recovery. Also it has to be remembered that 0.382 of the recent fall will be a probable pullback which now comes near 44200 zone. 44940-50 and 44580 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44940 then we will long for the target of 45179 and 45400.
For selling we need a 15 Min candle close below 44580. T- 44250 and 43917.
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.
Bankniftylevels
BANKNIFTY INDEX MAGICAL LEVELS FOR 26-09-23
The plotted levels on the chart should be considered only when BANKNIFTY opens flat on 26-09-2023.
If BANKNIFTY opens GAP-UP (Open > Previous High) or GAP-DOWN (Open < Previous Low) on 26-09-2023 then the following calculations must be considered:
Level 1 = OPEN PRICE (25-SEP) - 131.20
Level 2 = OPEN PRICE (25-SEP) - 292.20
Level 3 = OPEN PRICE (25-SEP) - 97.25
Level 4 = OPEN PRICE (25-SEP) + 131.20
Level 5 = OPEN PRICE (25-SEP) + 292.20
Level 6 = OPEN PRICE (25-SEP) + 97.25
DISCLAIMER: This idea is only for educational purpose.
NOTE: High probability of reversal may be expected around the levels plotted with yellow lines.
BANK NIFTY -Target Levels- TUE-26.09.23Bank Nifty Spot : 44612 Watch Option Strike : 44700 CE & 44700 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss..
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
25 Sep ’23 Post Mortem on BankNifty - bear below 45399BankNifty Analysis
The real reason Nifty50 went sharply up from 11.00 to 13.30 was due to banknifty. In the same period BN added 534pts ~ 1.20%. The spikes in most banks did not have a natural rhythm to it. Most likely this may be due to some news event. I was not able to find any relevant trigger post market hours also.
The chart patterns were similar on ICICI, AXIS and SBIN whereas HDFCBK went in the opposite direction. KOTAK was immensely strong today. If you look at the 1hr chart it still shows weakness - the hourly candle at 13.15 is a strong evidence for that. Even though we had 2 good green candles prior to that - the bears managed to drive down the price @ 13.15.
14.15 the bulls managed to drive the prices back up, but did not get full strength. My first target of 44451 was hit - but it was not enough to build up momentum. As long as BN stays below 45399 I wish to maintain the bearish call. This is in spite of the day ending with a gain of 154pts. I would prefer to change my status to neutral only if we have a range bound trade tomorrow also.
BankNifty levels - Sep 26, 2023Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
BankNifty Trade Setup for 25-09-2023BankNifty important levels to watch are as follows
#Support: 44550
Sell below: 44550 only on 15 minute candle closure below the level.
Target 1: 44400
Target 2: 44200
#Resistance: 44675
Buy Above: 44675 only on 15 minute candle closure Above the level.
Target 1: 44800
Target 2: 44950
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
BANK NIFTY - Target Levels - 25.09.2023Bank Nifty Spot : 44612. Watch Option Strike : 44800 CE & 44800 PE
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTREND Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DOWNTREND Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma & Thetta,.
3. Selection Of OI Analysis & Prediction Of Entry, Targets, & Stop Loss..
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
Kindly Follow My Channel & Like Your Support in My Idea.
BY : newsbharathi27040.
#September25 Levels and direction for #Banknifty"Good morning, friends! As of September 25th, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a slight gap-down. Additionally, there is a sub-wave 5 forming. So, after the gap-down, if the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a pullback of 38 to 78%. On the other hand, if it consolidates or breaks that support, then the correction will likely continue. However, if the market opens with a gap-up and sustains it, then we can expect a pullback continuation. There is also a regular flat variation, with its minimum target being 44,903, and if it breaks that level, we can expect 45,054."
Banknifty buyThere are multipul seller zoner and seller sl area above there are none buyers sl area below. so,buying probebility becomes high and also 50 billion from J.P. Moegen.
There are multiple short cover moves upside so be cautious of selling because there are no sellers right now.
and market will trap sellers so it can gain lequidity to go up ad hit SHOORT COVER area
BANKNIFTY Weekly Outlook | Intraday Trade Setup For 24 Sep 2023BANKNIFTY Intraday Trade Setup For 24 Sep 2023
Bullish-Above 44790
Invalid-Below 44680
T- 45050 45385
Bearish-Below 44540
Invalid-Above 44650
T- 44270 44000
BANKNIFTY has closed on a complete bearish note last week with 3.5% cut. It has formed a double top structure in daily TF although breakout of the neckline (43600) will be the validation. Currently it is near 0.618 in daily TF so 44500 zone is going to be a base from where it can give retracement of the fall from 46310, while 45k is the reversal point. After a pullback if it breaks the low created say near 44500 zone we can plan a positional short.
As of now it can go sideways after a parabolic move.
Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 44790 post rejection then we will buy. T- 45050 and 43385.
For selling we need a 15 Min candle close below 44540. T- 44270 and 44000.
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.
BankNifty levels - Sep 25, 2023Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve.
The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior.
We trust that this information proves valuable to you.
* If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it.
Wishing you successful trading endeavors!
Banknifty Trade Setup for 22-09-2023BankNifty important levels to watch are as follows
#Support: 44600
Sell below: 44600 only on 15 minute candle closure below the level.
Target 1: 44410-44400
Target 2: 44220-44200
#Resistance: 44720
Buy Above: 44720 only on 15 minute candle closure Above the level.
Target 1: 44850
Target 2: 45040
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
More weakness ahead in Bank Nifty | Intraday levels 22/Sep/23Good Morning Traders.
Guy's Banknifty fell 761 points in yesterday's session. It plunges almost 1.7% in just intraday and end at 44624 and formed a long bearish candlestick pattern on the daily time frame. Banknifty fell down below 45000 mark for the first time in several days. Relative strength index signalled bearishness with a bearish crossover on the daily timeframe. In the short term, the index can move towards 44000 at the lower end, while encountering resistance at 45000 at the higher end. Global cues are also showing huge bearishness inmarket let's see how our market going to behave.
Important levels for banknifty:
Strong support zone 44000
Strong Resistance zone 45000
Buy above 44764, if levels sustains at least for 30 Mints.
Targets we can see in upside 44924/45124
Stop loss will be 44610
Sale below 44370, if levels sustains at least for 30 mints.
Targets we can see in downside 44218/44000
Keep stop loss at 44610
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
#banknifty"Good morning! As of September 21st, there is no significant difference compared to the last session. Global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. If the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a maximum Fibonacci pullback of 23% to 38%. On the other hand, if it breaks or consolidates around the immediate support zone, we can expect a continuation of the correction with minor consolidation."
BANKNIFTY Intraday Trade Setup For 22 Sep 2023BANKNIFTY Intraday Trade Setup For 22 Sep 2023
Sell_1-From 45040
Invalid-Above 45150
T- 44800
Sell_2- Below 44590
Invalid-Above 44700
T- 44345 44100
BANKNIFTY has closed on a bearish note once again with 1.68% cut today. Once again it opened with slight gap down and tested our sell level. It just crashed after that and all targets were achieved (45270- 44593). Also since it opened with slight gap down so 10 o'clock range was to be used. Range broke downside below 45098 and last swing high was near 45120. With 100 points risk it gave almost 400 points gain. Tomorrow in case of a gap up opening 45040 will be place to short. After a fall near 44800 if it breaks 45050 then it will fill the gap and that will be bullish trade plan.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44590 then we will short for the target of 44345 and 44100.
2nd sell will be from 45040 on a gap up opening. T- 44800.
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.
Banknifty TradeSetup for 21-09-2023
BankNifty important levels to watch are as follows
#Support: 45300
Sell below: 45300 only on 15 minute candle closure below the level.
Target 1: 45130
Target 2: 44870
#Resistance: 45460
Buy Above: 45460 only on 15 minute candle closure Above the level.
Target 1: 45690
Target 2: 45980
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.