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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.
NSE:BANKNIFTY
by Omahto
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.
NSE:BANKNIFTY
by TheMamboMomentum
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.
NSE:BANKNIFTY
by suraranjanganguli
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.
NSE:BANKNIFTY
by suraranjanganguli
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.
NSE:BANKNIFTY
by suraranjanganguli
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.
NSE:BANKNIFTY
by TheMamboMomentum
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.
NSE:BANKNIFTY
by TheMamboMomentum
#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."
NSE:BANKNIFTY
by Manickamtraders
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.
NSE:BANKNIFTY
by suraranjanganguli
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.
NSE:BANKNIFTY
by Omahto
Banknifty Intraday Prediction Levels for 9 Oct 2023Banknifty Intraday Prediction Levels for 9 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- 44433,44510,… Major Supports- 44277,44110,43900,43700,… 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.
NSE:BANKNIFTY
by suraranjanganguli
Banknifty weekly analysis for 09/10/23.Banknifty has been taking support from the 20 ema on the weekly charts and has closed above the level this week too. It is respecting the crucial levels and has closed 223 point lower on the weekly charts. There were gap up and gap down this week and didn't gave any intraday opportunity for an option buyers. The market has closed between both the moving averages, on the daily charts. In the last trading session, banknifty opened 110 points higher and traded in a range of just 250 points whole day. It closed only 147 points higher just decaying the option premiums. The market has been forming a similar pattern on the daily charts and this week can be different. The gift nifty is showing a 113 point gain on the daily close and if it remain same in the morning, Indian market too can show another gap up opening. On the hourly charts, it took support from the 20 ema and has closed between both the moving averages. Market has created support and resistance at a close range and trades should only be initiated once the market crosses the high or low of the previous day. Support :- 44270, 44120, 44020 Resistance :- 44450, 44720, 44975 Banknifty has been respecting a trend line on the hourly charts and its break out can show some bullish move in the market. The markets are still confused in deciding the trend It has been tradin in a 1000 points range for last 15 days or 10 trading session which is unusual for Banknifty. There are high chances of a trending move in the market. Bullish or bearish trades should be trailed if the market start trading above 44700 or below 43700 levels respectively. Wait for the price action near the levels before etnering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 09 Oct 2023 || Weekly OutlookBANKNIFTY Intraday Trade Setup For 09 Oct 2023 Bullish-Above 44505 Invalid-Below 44395 T- 44770 45040 Bearish-Below 44240 Invalid-Above 44350 T- 43995 43800 BANKNIFTY has closed with a slight cut of 0.5% last week. As per volume profile 43900 was the discussed level last week. Now resistance as per volume profile from 15 Sep High is 44650-750 zone. It has formed a pinbar candle in weekly TF. 43570 is the high and trigger point to the bullish sentiment. 44500 and 44240 are important levels for tomorrow's session on a flat opening. Important intraday support and resistance are 44770 and 43800. High probability trade looks in the bullish side. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44505 then we will long for the target of 44770 and 45040. For selling we need a 15 Min candle close below 44240. T- 43995 and 43800. 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.
NSE:BANKNIFTY
by Omahto
banknifty As 2 days goes by but primium does't risk as market trapped many sellers as to gave a brackout 2 days earlyer from past 2 days consolidation we can see people are looseing nmoney consistenly But as they will close there trade if market opens high tommorow so as only buyer wiil stay or buy at that zone Market will come down to hunt there sl but in another senario if market starts flat then look for buy cauz markets moving slowly in upward direction and closing of both buyer and sellers when there are less participents markets then to go up not probeble senario market starts down or comes down after opening flat then look for a buy opertunity cauz there are already sell and then buyers who brought on friday should be stoped out and there money will creat a sell order and trapping sells again so market will rayly upside Conclusion 1 avoid if flat , wait if comes down after opning flat 2 sell only if market opens gap up , avoid if goes up after an hour 3 buy if comes down after opning flat, buy if opens below and give a selling setup/ avoid if opens below and gives a buying setup cauz market can creat a buying setup to come down as there are one gap at 44000 to 44150
NSE:BANKNIFTY
by samantamonojit98
BANKNIFTY Intraday Trade Setup For 06 Oct 2023 | Daily AnalysisBANKNIFTY Intraday Trade Setup For 06 Oct 2023 Bullish-Above 44400 Invalid-Below 44290 T- 44625 44815 Bearish-Below 44100 Invalid-Above 44210 T- 43850 43650 BANKNIFTY has closed with 0.57% gain today contributed by the gap up. It opened with a big gap up and 10 o'clock range was to be used, range broke downside below 44145 which hit around 90 points sl. There can be good short covering move today's high 44400. below 44100 it will bearish in intraday tomorrow. 43800 zone is a major intraday support. 44400 and 44100 is a no trading range it will be complete sideways between this 300 points range. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44400 then we will long for the target of 44625 and 44815. For selling we need a 15 min candle close below 44100. T- 43850 and 43650. 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.
NSE:BANKNIFTY
by Omahto
Banknifty Intraday Prediction Levels for 6 Oct 2023Banknifty Intraday Prediction Levels for 6 Oct 2023 The chart indicates 15 min time frame. These Levels are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone. Resistance- 44320 Support- 44110 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.
NSE:BANKNIFTY
by suraranjanganguli
Banknifty daily analysis for 06/10/23.Banknifty is trading below the moving average and has formed a doji candle on the daily charts. After an initial gap up the market consolidated in a range and was range bound causing serious decay in the option premiums. Even the markets consolidated on the weekly expiries and there are now high chances of a trend move in the market. On the hourly charts, market today traded between both the moving averages took support from 20 ema . Support :- 44030, 43890 Resistance :- 44340, 44730 Major levels for trend move are above 44800 and below 43730. Banknifty has been trading between these levels and is creating enough volatility for option buyers. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
Banknifty Intraday Prediction Levels for 5 Oct 2023Banknifty Intraday Prediction Levels for 5 Oct 2023 The chart indicates 15 min time frame. These Levels are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone. Resistance- 44105 Support- 43875 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.
NSE:BANKNIFTY
by suraranjanganguli
FASP levels for Bank Nifty 05/10/2023The FASP for BankNifty is listed for 05-10-2023. 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 levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
#october5 direction and levels for Banknifty"Good morning, friends! As of October 05, the global market sentiment is neutral to slightly positive, as indicated by the Dow Jones. However, our market trend remains bearish. It may open with a neutral to slightly positive sentiment. Afterward, if it breaks the Fib level of 38%, we can expect a pullback continuation. On the other hand, if the gap-up doesn't sustain or if it opens with a gap-down, then we can anticipate a range-bound market to correction."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 05 Oct 2023 | Daily AnalysisBANKNIFTY Intraday Trade Setup For 05 Oct 2023 Bullish-Above 44050 Invalid-Below 43940 T- 44250 44450 Bearish-Below 43850 Invalid-Above 43960 T- 43653 43440 BANKNIFTY has closed on a bearish note with 0.98% cut. It opened with a big gap down and 10 o'clock range was to be used as per trade setup. However it was updated to avoid trading this today. As it turned total sideways just like yesterday. Above 44050 we can see a pullback move as 43900 looks as an important confluence zone as per volume profile in daily TF (16 Mar-15 Sep). gap filling will confirmed above 44170 .Below day low bearish move will once again kick in. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 44050 then we will long for the target of 44250 and 44450. For selling we need a 15 min candle close below 43850. T- 43440 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.
NSE:BANKNIFTY
by Omahto