BANKNIFTY INTRADAYBn has shown certain sell off throughout the week between 21900-21950, so this is very crucial level. As today is the last trading day of the week, buy only when this level is breached and sustained. conversely if this level is not retained shorting can be initiated from 21900. 21000 is the major support.
Bankniftylong
BankNifty buy on dipsI hope you can now see how BankNifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Ready to Short Bank Nifty One More Time ? Looking Weak ?As mentioned already in my earlier idea (attached below) on Banknifty that if buyers has to take back the control Bank nifty has to move above 21920-930 which might stretch upside towards 22200-22300.
We booked profits in that trade and Banknifty moves similarly as expected by us and now we can clearly see that 22300-350 is acting superb support for Banknifty for couple of previous sessions.
Keeping this scenario in mind one can enter short below 21940 levels marked by dark red line for downside targets of 21650, 21410 & 21200 marked by red dotted line, keeping sl around levels of 31320-340.
If anyhow, Buyer took the charge we will be entering Long as per levels mentioned on chart.
Thanks!
Long BankniftyI hope you can now see how Banknifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Trade Set Up in Bank Nifty for Positional Traders Heys Guys,
Please refer the earlier charts of bank nifty where in it is mentioned that Bank Nifty can move towards 23724 kind of levels, so in the first move it take the break towards 23060 odd levels retraced back and again taken support again at the same levels just near to 21000 and now it will drive the movement first towards 23724 and if this level withstand and cross we can expect 26000 kind of levels.
Please note this chart is for Educational Purpose
Banknifty PE & CE Buy Levels (21/07/2020)Possible gap up opening in banknifty above 22500 levels. If banknifty able to sustain above this level then we will see upside move till next strong resistance level 23050. It's less possibility to break 23050 and might see the reversal from 23050. This is the profit booking level for our long trend and we will wait for breakout 23100 level for CE options and reversal confirmation at 22950 levels for PE options.
Bank Nifty Short Term Trend is Positive--- Demand zones on the down side @ 21480-21750 and @ 20700-20950.
--- Supply zones on the up side @ 22170-22370 and @ 22900-23000.
--- Bank Nifty short term trend is positive. I will think for a positional short trade in Bank Nifty if daily close below 21480 level for the target of
20700-20950
--- I may take a aggressive long position once Bank Nifty will sustain above 22350 for the target of 22900-23000.
--- There was strong buying in Bank Nifty in last one hour so I bought 22000 call @ 238 booked my 50% qty @ 420 and carrying 50% qty for Monday.
Follow this post to get update of my next week bank nifty trades.
Thank X :)
Trade setup for Banknifty(Educational)Nifty is looking in a strong uptrend, but Banknifty is neutral as it still hasn't broken the 23000 barrier on a daily chart. For Banknifty to be bullish, it needs to break 23000 on a daily chart. This is my personal setup for Banknifty on Monday. Looking at domestic cues, the trial for vaccine has been allowed by AIIMS, which is a positive, but on the other hand, Indian COVID cases are rising exponentially. Another point is that HDFC Bank's results are out and they look positive, and as HDFC Bank is a heavy weight in Banknifty and Nifty, we can expect Banknifty to rally with HDFC Bank. Market has somewhat taken into consideration the result of HDFC Bank as it rose by 3% on Friday and profit booking can also be visible, like that on Britannia. Be cautious while taking trades. Targets as set according to how the market can react.
This is an educational post and all the opinions provided above and on charts are simply speculation. Nothing is 100% in market
Consult your financial advisor before taking trades
I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.
Trade carefully
Grateful🙏
BankNifty Update 19th July 2020 - Uptrend ContinuesBanknifty after the fast up move as expected as per the last update, it gave a running/expanded flat correction which now is complete and the up move has resumed and the next targets are 24000 and 25000. One can trade long for targets of 24000 and 25000 with stoploss just below the recent lows of 21000.
Happy Trading!
BNF PASSED CRITICAL LEVEL TEST IN PAST TWO DAYS WHAT NEXT ?Hi Traders,
1. On 15th July, post in point no.1 of the trading plan, I clearly mentioned is quoting as proof of my statement and compare it with the current chart " Today low is important If it is breached and 15 min candle gives closing below this low then chances of upside move will finish. And on taking out the red upper band of the lower zone, the price will travel to the lower band of the zone." See in 15 min chart the next day 15 min candle breached the red line and gave closing below the line. But the next 15 min candle gave closing above redline. And price never came back to that low. This means that taken out condition of this level is broken neither in 1-hour time frame nor in 15 min. All followers know when the condition is not satisfied means no change in trend. That how perfectly mentioned in the above-highlighted condition. Can you imagine this manifestation was done before the move and title of 15th July "BNF STANDING AT CRITICAL LEVEL SEE HOW TO TRADE !!" proves my understanding with price movement is so precise which forced me to give this title of the post. Why I selected that red line for change in sentiments is a question of thinking. Because after move anybody can co-relate but before move how many cans?
2. Now come to the third point of the trading plan of the last post is quoting for you." opening at what price and sustaining in the next 15 min will decide the direction of Bnf. That is why I gave the title of critical stage price is standing on."
Here I used word sustaining in the next 15min you saw only the first 15 min candle was full bearish but could not sustain that sentiment and price moved up. That is the perfection of words no need to mention who can see the move can only write with this sort of accuracy.
3. Before going to trading plan section for the next trading session, I Like to Inform in last three months the number profit-earning traders are increasing day by day and many of them share their trades in comment pox of nifty and BNF post struggling traders and newbies should read in this way, they will be motivated and many educational questions are asked where replies will also increase your knowledge to understand the market in a practical way. To better compare of above-mentioned statements, I set a previous post chart for you so that you can compare each discussed aspects.
Trade Plan Of The Next Session.
1. With the change of structure, some previous lines are erased and new are drawn so do not get confused. One has to change with sentiments of price. A yellow dotted line is seen on the chart this implies that If price breach this line and take it out on 15 min chart then uptrend will reverse to downtrend. I prefer on breaching all longs should be cleared. the satisfying condition will confirm it.
2. Blue dotted line is breached in a 1-hour time frame but not taken out yet small candle confuses it by satisfying the condition but I do not count it as the trading period is only 15 min. This satisfied the condition of 15 min not 1 hour. As you all know we need both conditions to be satisfying the up move. If this is satisfied then you will see price moving to pink line where it is expected to get resistance.
3. If the pink color line is taken out in 15 min not necessarily in 1 hour then breached candle sl long can be created with the target of the blue line.
4. For new readers taken out condition is as follows:-
Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
5. Above mentioned condition is valid for trending move but for range-bound move please see 8th July post that link is attached in downside box. Until and unless you understand these two cases can not understand my analysis. The rest market will decide.
YOGESH VATS
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
Banknifty PE & CE Buy Levels (17/07/2020)According to the global market today we will see a gap up opening in banknifty but possible it will trade between 21550 - 21950 which is major support and resistance for banknifty. Breakout level is above 21150+ and breakdown level is below 21400.
Disclaimer: All levels and calls provided here are our personal view. Take call according to your risk management. Kindly initiate trade by asking your financial advisers. We are not responsible for your any profit/loss.
Trade setup for BankniftyIf you want, I have an expiry strategy for tomrrow in Banknifty. Comment below so I know, but the strategy will be educational and doesn't mean that you need to follow it exactly. Consult your financial advisor before taking any trades
Analysis is given on chart
I will buy above 21420
This is an educational post
I do not recommend taking trades according to my analysis as you may incur loss, for which I am not responsible.
Trade carefully
Grateful🙏