BANKNIFTY Intraday Trade Setup For 01 Dec 2021
T-35225 35000 34800
BANKNIFTY has formed has been forming doji candles since last 2 days. Bulls are trying to create a base here.
35000 is a round number so book partial profits there if we get selling position.
For buying the level is too far.
Bnf Short covering zone expected up trend can be expected
look like rising wedge pattern move another one cup and handle 90% pattern foremd
open interest data strong support 37300
strong Resistance 37500
when one day open close above 39890 confirmation 2 confimation down trend reversal
BANKNIFTY Intraday trade Setup For 26 Nov 2021
BANKNIFTY has closed in a range which is very useful for the next trading session.
Simply We will trade on range shift.
Higher chances of of consolidation between below levels.
Intraday Resistance -37500
Intraday Support -37000
Today will be slightly gap down opening in banknifty. After opening expected further downside upto 37050 level. In case banknifty starts trading below 36950 level then possible strong fall of 400-500 points in banknifty. 36550 will act as an important downside support for today's session. Further downside will be there in case breakdown of this support level. Any...
Keep it simple,Make it powerful
Expiry Day Scenarios
1. If Bank nifty Face Trendline Resistance then fall and Break 37200 Level then we can expect fall up to 36700 level.
2. If Bank nifty takes Support at 37200 level then it will fight between Trendline and Support 37200 to break trendline, If Trendline Breaks We can Expect market Raise up to 37850 Levels.
BankNifty opened with a gap-up near our Buy level of 37420 and we saw a good up-move in the first half though the rally couldn't sustain at upper levels and we lost most of the gains by closing.
Trades we took today -
> Bought BankNifty 37300 CE at 290 which made a high above 500 and Traders booked great profit in this Trade
> Bought BankNifty 37300 CE 2ND Dec...
BANKNIFTY Intraday trade Setup For 2021
T-37000 36900 36650
Banknifty has moved both the side today. The last hour sell off will continue if it breaches today's low.
Also keep i mind that 37000-36900 will act as a support so book profits there. If 37000 is is breached then will test 36700. Eat in...
Slightly gap up opening in banknifty for today's session. After opening if banknifty sustain above 37050 level then expected upside movement towards the 37450. And this rally will extend if banknifty gives breakout of 37550 level. Downside possible if it starts trading below 36950 level.
>Expecting Tomorrow Market moment will be Between 37250 to 37700 levels
>37700 will act as Immediate Resistance. If Market Gapup and fail to break level 37700 then it will come down up to 37250 level.
>37250 is the Immediate Support, if Market Gap down or fall up to 37250 level then We can see Raise up to 37700 level.
>Support will Become Resistance and...
BANKNIFTY Intraday trade Setup For 24 Nov 2021
Index has shown good upside momentum in today's trading session. This move can continue till 37570-37600.
For Selling 37000 is the level to short. Build your short from 37000 add more if 37900 is broken for the target of 36700.
If 36640 is...
Today will be gap down opening in banknifty. After opening if banknifty starts trading below 36950 level then possible further downside upto 36550 level. Upside correction movement expected if banknifty sustain above 37050 level. 37450 will act as an upside resistance level for today's session. Any strong upside movement only possible above this resistance level.
hello friends we are providing the intraday levels of nifty and banknifty as per demand and supply zones & as per option chain open interest . its a combination of both fundamental and technical analysis. plz give feedback about analysis its very helpful to us.
What a huge water Fall. We booked Good profit in Index PUTS, as Data Was negative from morning. Now BankNifty is Support level which very crucial i.e. near to 37000 level. We have seen bounce bank in last hour. But the sentiment is still bearish. We do not hold any position. Further important level to watch is 37557 as CALL writer made new Position at 37500 level...
BANKNIFTY Intraday Trade Setup For 23 Nov 2021
T-36500 39327 36112
Index has hit our target in sell side . Our sell level was from 38300 target was 36600.
Now if index continues to break low then simply short trail and enjoy.
If index touches 37575-37600 in the first half an hour then sell from there...