The SGX nifty indicates a positive start. But today we have an important event and that is the Union Budget. It will start around 11 am. So most likely the market will act based on this phenomenon. There I prepared chart based on Elliott wave on hourly chart. It might work. But take your position a bit more carefully.
The FASP for BankNifty is listed for 02-02-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
BANKNIFTY Intraday Trade Setup For 2 Feb 2023
Buy-Above 40680
Sl-40560
T-41350
Sell-Below 39400
Sl-39520
T-38750
BANKNIFTY has closed on on a slight bearish sentiment with 0.35% cut. It was just too wild. It has created a range of 6% which translates 2500 points. The range is too big. This is a obvious scenario due to Union Budget. I will personally avoid...
BANKNIFTY Intraday Trade Setup For 1 Feb 2023
Buy-Above 40815
Sl-40700
T-41250 41685
Sell-Below 40470
Sl-40580
T- 39945 39500
BANKNIFTY has closed on a bullish sentiment with 0.66% gain today. It has closed near day high and formed a pinbar in daily TF. Above its high bullish momentum likely to continue and below its low parabolic down move can be seen....
BANKNIFTY Intraday Trade Setup For 31 Jan 2023
Buy-Above 40790
Sl-40680
T- 41275 41750
Sell-Below 39410
Sl-41520
T- 39000 38600
BANKNIFTY has closed closed on a neutral note today with just 42 points gain. This was yet another volatile day ahead of Union Budget. Today it opened with gap down of more than 1% and violent mega moves were seen. It opened and shot...
The FASP for BankNifty is listed for 31-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
BANKNIFTY Intraday Trade Setup For 30 Jan 2023
Buy-Above 40485
Sl-40375
T-40775 41075
Sell-Below 40145
Sl-40255
T-39845 39500
BANKNIFTY has closed on bearish sentiment last day and last week. Last week was one of the largest weekly cuts in the recent months. It was being updated since last 2 weeks that if in any case index tests the support zones which were...
Banknifty Analysis and Price Action Trading with Key Levels
Weekly Expiry on 02 Feb 2023
India Vix Closing – 17.32
Support Zones
Frist Support Level For Buying - 40170 - 41194
Second Support Level For Buying - 39885 - 39911
Third Support Level For Buying - 39207 -...
Buy CE above Green line or
Buy PE below red line
To reach Target
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The global market indicates a neutral start. The market nature is bearish. If the initial market takes pullback then we expect a 3wave structure, it may reach min 38% fib level. After that, if the market rejects around there, then we will expect a correction. On the other hand, if the initial market declines, then the correction will continue.
NSE:BANKNIFTY
Trade Setup for 30-01-2023
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up...
bank nifty covering the trend line liqudity almost 17% it seems alsomst a crash but if it comes as consolidation and fall it wont we a crash it is a retest only
as per now at budjet day we can find is it a crash or correction 39600 to 39500 have a order block if market turns from there we can see a new high as soon
happy trading...
The FASP for BankNifty is listed for 30-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
The FASP for BankNifty is listed for 27-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot...
BANKNIFTY Intraday Trade Setup For 27 Jan 2023
Sell_1- Below 41540
Sl-41650
T-41230 40997
Sell_2- From 42310
Sl-42420
T- 42000 41700
BANKNIFTY has closed a complete bearish sentiment with 2.54% cut. It was complete in selling mode since opening. Market opened flat and a sell triggered below 42615. After it was triggered it gave a nose dive till 41540. It was a...
The SGX nifty indicates a neutral to slightly negative start. The market nature is neutral. If the market starts with neutrality, we expect a minor pullback. If this pullback reaches the fib range around 61 to 78%, it may take a correction. On the other hand, if the market breaks yesterday's low, then we expect the correction continuation.
BANKNIFTY Intraday Trade Setup For 25 Jan 2023
Buy-Above 42825
Sl-42715
T- 43000 43300
Sell-Below 42615
Sl-42715
T-42415 42230
BANKNIFTY has closed on a bearish sentiment with slight cut of 0.21% today. Last day hourly range shifted above 42700 and today it made a high of 43078. Last day it was updated to trail sl to cost which PDL exactly. Today it was...
Yesterday we started discussing on the habit of NSE:BANKNIFTY taking out the support & resistance via gaps. Thats what happened today also. We opened gap up at 42994 above the resistance level of 42888.
This was the same resistance level that had a breakout failure yesterday, so today we took that out in open. The 09.30 candle was pretty strong and i almost...
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 30-01-2023 [INTRADAY]](https://s3.tradingview.com/b/bP6gG5iH_mid.png "Simple Trade Setup | BANKNIFTY | 30-01-2023 [INTRADAY]")
