BANKNIFTY Intraday Trade Setup For 21 Mar 2024
Bullish-Above 46750
Invalid-Below 46640
T- 47350
Bearish-Below 45800
Invalid-Above 45910
T- 45220
BANKNIFTY has closed with a minor cut of 0.16% today. The 50 EMA in daily TF has really become like a magnet which pulls BANKNIFTY closure whenever it inches away. Today sell triggered below 46250 but breakout candle...
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
These levels act as support and resistance. You have to trade according to level breakout...
BANKNIFTY Intraday Trade Setup For 20 Mar 2024
Bullish-Above 46750
Invalid-Below 46640
T- 47255
Bearish-Below 46250
Invalid-Above 46360
T- 45660 45140
BANKNIFTY has closed on a bearish with 0.41% cut today. Index has closed below 50 EMA after after 18 days. Now below today's low 46250 there can be a strong downmove however key level is 46000. Tomorrow's best...
I am expecting market to be sideways for today.
all important levels have been marked at the chart.
Support: 46343, 46000
Resistance: 46690, 46900
Verdict: Sideways
Plan of action: Sell 46300 PE and Sell 46700 CE (Hedge it with 20/- premium )
The BankNifty's gap-up opening above 46200 suggests a bullish outlook for the day. Traders may anticipate upward momentum, particularly considering the channel pattern observed in higher time frames.Conversely, a gap-down opening below 46000 could lead to a sideways to bearish trend. However, the prevailing channel pattern increases the likelihood of a bullish...
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
These levels act as support and resistance. You have to trade according to level breakout...
BANKNIFTY Intraday Trade Setup For 19 Mar 2024
Bullish-Above 46750
Invalid-Below 46640
T- 47350 47855
Bearish-Below 46000
Invalid-Above 46110
T- 45430 44819
BANKNIFTY has closed on an absolute flat note today. For the 3rd day index is playing around 50 EMA on close to close basis. However it has formed a Pinbar candle in daily TF. Above its high there can be a...
As we discussed in our analysis market closed sideways today.
I am expecting market to be sideways for tomorrow.
all important levels have been marked at the chart.
Support: 46343, 46000
Resistance: 46690, 46900
Verdict: Sideways
Plan of action: Sell 46300 PE and Sell 46700 CE (Hedge it with 20/- premium )
bank nifty is travelling inside a channel. 46300 to 46500 is a strong support level as marked on the chart.
if this level is broken, bank nifty may go downside to the next support level marked on the chart.
or, if it takes support to this level, it may go up to the next upper level marked on the chart
Disclaimer: All information provided here is for...
BANKNIFTY Intraday Trade Setup For 18 Mar 2024
Bullish-Above 46810
Invalid-Below 46700
T- 47375 47855
Bearish-Below 46300
Invalid-Above 46410
T- 45750 45220
BANKNIFTY has closed on a bearish note last week with 2.6% cut last week. Index is at 50 EMA in daily TF. If at all index has to take support from this zone then we will wait for a bullish price structure...
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 or gap down chase. Wait and trade between...
As we have discussed in our Video, BANKNIFTY was making HNS, whose target was 46470. that has been achieved.
If we look at the chart now:
The market is trading at the support trendline(1-H TF). Banknifty is also trading at 0.61 fib level, which might be crucial for banknifty to take support. Price is volume balanced, which indicates the market can make a...
BankNifty Analysis - Stance Neutral ➡️
BankNifty fell 195 points today ~ -0.42%, but that would end up not being sufficient to push it into Bear territory. We might need roughly 400+ points fall to slip into the bearish channel following which both N50 and BN will have the same direction. Over the last 2.5 months rarely did both the indices align in the same...
The banknifty is travelling in a downward channel. also the possible support and resistances are marked in the chart. if it breaks the channel in upside direction, may be a bullish movement is possible. if it breaks the support of 46500 level, a bearish movement may happen.
Disclaimer: All information provided here is for educational purposes and not a...
BankNifty Major Breakdown
Banknifty Short Triggered
BankNIfty Broke a very Crucial Trendline Support of 1H TimeFrame, indicating a Crashh on its way
Targets as follows
T1 45661
T2 44651
BANKNIFTY Intraday Trade Setup For 15 Mar 2024
Bullish-Above 47250
Invalid- Below 47140
T- 48040
Bearish-Below 46550
Invalid-Above 46660
T- 45930 45360
BANKNIFTY has closed on a bearish note with 0.41% cut today. Index is at a decisive level, 50 EMA in daily TF. If it all it has to take support then 46550 should be safe and should make a bullish price...
After 3 days holiday markets will open tomorrow.
Banknifty has been halting around the higher levels and constantly facing rejection around 48k levels.
On the weekly charts, there is a bullish move in the market and seems to continue as nifty is around the highs but banknifty is still lagging behind it.
An inside candle has been formed on the daily charts and...
