Banknifty analysis for 19th October 2023 for educational purposeBanknifty analysis for 19th October 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
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BANKNIFTY Intraday Trade Setup For 19 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 19 Oct 2023
Sell_1- From 44270
Invalid-Above 44380
T- 44050 43850
Sell_2- Below 43860
Invalid-Above 43970
T- 43498 43200
BANKNIFTY has closed on a complete bearish note with 1.17% cut today. It opened flat and sell triggered as per trade setup below 44330 and hit almost both our targets. It made a low of 43862 and gave more than 450 points. Tomorrow once again index can crash if it below 43860. Best opening condition is flat or a small gap down opening. In case of a gap up index will not have that powerful bearish stance. I will ignore buying tomorrow and will plan to sell from 44270 in case of a gap up.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes below 43860 then we will short for the target of 43498 and 43200.
2nd selling can be planned from 44270 in case it is tested after gap up opening. T- 44050 and 43850.
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 Intraday Prediction Levels for 18 Oct 2023Banknifty Intraday Prediction Levels for 18 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 44550,44655,44715,44810,44940,45080,45120,…
Major Supports- 44280,44180,44090,44025,43900,43760,43700,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
Banknifty daily analysis for 19/10/23.After many weekly expiry this expiry was the one which was in favour of the option buyers.
Banknifty has closed 520 points lower moving the market more then 1% down. It was struggling to sustain above 20 ema and today being the weekly expiry it gave a nice move in the first half and consolidated in the second.
On the hourly charts, the market took resistance from 20 ema and came for selling, giving 422 points in single candle.
The market has consolidated after a fall in the second half which shows that the market has halted. If the market fall below 43800 levels, it can test 42800 levels soon.
On 15 minute chart, it has formed a bearish moving averages cross over and has closed below both the moving averages.
Support :- 43870, 43680
Resistance :- 43980, 44210
Wait for the price action near the level before entering the market.
BANKNIFTY Intraday Trade Setup For 18 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 18 Oct 2023
Bullish-Above 44590
Invalid-Below 44480
T- 44885 45120
Bearish-Below 44330
Invalid-Above 44440
T- 44040 43795
BANKNIFTY has closed with 0.42% gain today, all contributed by gap up. It was another day of sideways momentum. It opened with a big gap up and momentum was lost within 150 points range for the 1st 4 hours. Later 10 o'clock range broke downside below 44430 and gave 90 points move in favor. Tomorrow if it sustains above 44600 then we can see a good up move. Below 44330 it can give a move towards 44040 but 44200 can be a confluence gap zone.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44590 then we will long for the target of 44885-915 and 45120.
For selling we need a 15 Min candle close below 44330. T- 44040 and 43795.
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 analysis for 18th October 2023 for educational purposeBanknifty analysis for 18th October 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
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Banknifty Intraday Prediction Levels for 17 Oct 2023Banknifty Intraday Prediction Levels for 17 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 44315,44410,44445,44510,44660,44715,…
Major Supports- 44160,44100,44000,43900,43800,43700,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
Banknifty weekly expiry analysis for 18/10/23.Banknifty on the daily time frame has given a red candle after a gap up opening and closing 180 points higher.
It opened above the 20 ema but couldn't sustain above the level and closed below the level and constantly faced resistance from 44500 level.
On the hourly charts, banknifty traded between both the moving averages, taking resistance from the 200 ema and support from 20 ema.
Today, there was a nice sell in the market in the second half after a consolidation forming a bearish flag and pole pattern.
Tomorrow is weekly expiry and last expiry has also been in the consolidation phase. If there is a trend move it can be captured by booking 80% on the target and trailing SL for the remaining 20%.
On 15 minute charts, the market closed around both the moving averages. The market took support from the 200 ema and respected the 44350 level.
Support :- 44330, 44210
Resistance :- 44450, 44550, 44730
Wait for the price action near the level before entering the market.
Banknifty Intraday Prediction Levels for 16 Oct 2023Banknifty Intraday Prediction Levels for 16 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 44570,44760,44920,45120,45330,…
Major Supports- 44090,43900,43760,43700,43600,43500,43420,43295,43100,42875,42680,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
BANKNIFTY Intraday Trade Setup For 17 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 17 Oct 2023
Bullish-Above 44360
Invalid-Below 44250
T- 44600 44883
Bearish-Below 44040
Invalid-Above 44150
T- 43795 43524
BANKNIFTY has closed almost on a flat not with a minor cut of 0.14% today. Sell triggered as per trade immediately after opening, without any pullback after a big parabolic down move from last session's high. It formed a morning star immediately after breakout and hit our sl. Index momentum is still sideways, especially when seen in hourly TF. It is trading between 44750 and 43790. Tomorrow high probability trade looks in the upside if triggered. 44360 and 44040 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44360 then we will long for the target of 44600 and 44883.
For selling we need a 15 min candle close below 44040. T- 43790 and 43524.
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 daily analysis for 17/10/23.Banknifty is still trading below the 20 ema and has formed another doji candle at the day close.
It has given a nice move both side. In the opening it tested the lower levels and also tested the higher levels.
On the hourly charts, the market tested the 20 ema, facing resistance from the levels and closed almost flat.
Ongoing market is for the option seller as there is time decay whole in option premiums.
On 15 minutes charts, the market has closed below both the moving averages.
Support :- 44190, 44060, 43860
Resistance :- 44560, 44740
Banknifty is volatile and there are chances of a trending move in the market. There is a good consolidation going on in the market a powerful break out or break down is about to be seen.
Wait for the price action near the levels before entering the market.
BANKNIFTY Intraday Trade Setup For 16 Oct 2023BANKNIFTY Intraday Trade Setup For 16 Oct 2023
Bullish-Above 44600
Invalid-Below 44490
T- 44860 45120
Bearish-Below 44200
Invalid-Above 44310
T- 43957 43725
BANKNIFTY has closed almost on a flat note last week with 0.16% cut and 0.7% cut on Friday. It has formed an inverted hammer in daily charts so if its low-44200 is safe and we sustain 44600 then we are likely to see a good up move in hourly TF. If we get a sustained breakout of 44750 then bullish momentum likely to kick in (Hourly TF). Below 44180 we will maintain bearish view (CE short) (Hourly TF). Selling the 10 o'clock range looks more safe till we get a 10 o'clock range breakout.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44600 then we will long for the target of 44860 and 45120.
For selling we need a 15 Min candle close below 44200. T- 43957 and 43725.
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 weekly analysis for 16/10/23.Banknifty on the weekly time frame has given a doji candle and has closed almost flat below the 20 ema.
On the daily charts, market has formed a gravestone doji candle and closed below the 20 ema after taking a resistance from the level.
It is showing some negative build up on the intraday front and is consolidating on the higher time frame.
Banknifty has been closing in a narrow range and is facing a serious resistance from 44740 level.
On the hourly time frame, during the last trading session, it has formed a tweezer top or bearish engulfing candle. There are chance of banknifty testing the low again.
Banknifty is consolidating around the recent low and if the low is broken there are chances of fear selling.
The global consents are negative and the ongoing Israel Palestine war may also contribute to the sell off.
Major Support :- 43820-850
Resistance :- 44740
For intraday trading levels.
Support :- 44190, 44060, 43860
Resistance :- 44560, 44740
Wait for the price action near the levels before entering the market.
Banknifty Intraday Prediction Levels for 13 Oct 2023Banknifty Intraday Prediction Levels for 13 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 44680,44740,44830,44920,45000,45120,…
Major Supports- 44515,44450,44360,44280,44200,44100,43900,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
Banknifty Intraday Prediction Levels for 12 Oct 2023Banknifty Intraday Prediction Levels for12 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 44600,44671,44715,44770,44950,45120…
Major Supports- 44435,44360,44315,44261,44096,43910…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
Banknifty Intraday Prediction Levels for 11 Oct 2023Banknifty Intraday Prediction Levels for 11 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 44500,44542,44600,44660,44710,44850,44910,…
Major Supports- 44308,44258,44190,44110,44070,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
Banknifty daily analysis for 12/10/23.Banknifty today tested 44700 level after a gap up opening and came down lossing the gain and closing only 156 points higher.
It took a good support around 44500 levels and closed just around the levels.
Again, there a doji formation on the higher levels and it is unable to close above 20 ema on the daily charts.
On the hourly charts, after a first hour volatile movement it remained in a 100 points range, closing between both the moving averages.
A minor resistance is there around 44550 level and it is taking support from the 20 ema.
Support :- 44450, 44340
Resistance :- 44740, 44970
Today's weekly expiry remained silent and the markets remained volatile.
Wait for the price action near the levels before entering the market.
Banknifty daily analysis for 10/10/23.Banknifty has closed more than 1% lower on the daily charts but it took support around the major support levls of 43800.
The market remained in a first hour candle and has closed below both the moving averages on the hourly chart.
There are chance of a trending market as there is weekly expiry of another finance index.
For last 2 weeks there were no trend expiry of the 2 finance indices. So there is much possibility of market giving a trend move.
On 15 minutes charts, it has closed below both the moving averages. 20 ema is providing market a resistance and it has been retested.
The RSI indicator is showing a bullish divergence. The Indian market are strong but due to the global news there was a gap down opening.
Support :- 43840, 43740, 43480
Resistance :- 44120, 44250
Wait for the price action near the levels before entering the market.
#october11 directions and levels for Banknifty"Good morning, friends! As of October 11th, global market sentiment is slightly positive, as indicated by the Dow Jones. However, our market trend is bullish. It may open with a gap-up. After that, if the gap-up sustains, we can expect a rally continuation with minor consolidation. We can expect a correction only if it rejects the major resistance levels. On the other hand, if the gap-up doesn't sustain, we can expect 'sub-wave 4,' which may take a maximum of 23 to 38% Fibonacci correction."
Banknifty Intraday Prediction Levels for 10 Oct 2023Banknifty Intraday Prediction Levels for 10 Oct 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.
Major Resistances- 43955,44022,43120,44310,…
Major Supports- 43830,43790,43700,43630,43500,43300,…
These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
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 your Financial Advisor before taking any decision or trade.
Banknifty Important Support and Resistance Level For 11-Oct-2023The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas.
When price come to these area we can expect either reversal or breakout from the given area's.
So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas.
BANKNIFTY Intraday Trade Setup For 10 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 10 Oct 2023
Bullish-Above 44115
Invalid-Below 44005
T- 44395 44615
Bearish-below 43790
Invalid-Above 43900
T- 43524 43253
BANKNIFTY has closed on a bearish note with 1.07% cut today. It was due by the Middle East tension we opened with a gap down. It directly tested 43800, hourly support. Decent bounce came from there and then it just contracted within the 1st 15 Min candle's range. 10 o'clock was to be used as per trade setup but it was untouched. A good trendy move can be seen below 43790 now. If it sustains above 43970 tomorrow then bulls might try their grip. However we will long above 44115.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 44115 then we will long for the target of 44395 and 44615.
For selling we need a 15 Min candle close below 43790. T- 43524 and 43253.
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.