Simple Trade Setup | BANKNIFTY | 10-01-2023 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 10-01-2023
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 or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Bankniftyprediction
Simple Trade Setup | BANKNIFTY | 06-01-2023 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 06-01-2023
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 or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 23-12-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 23-12-2022
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 levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 22-12-2022 EXPIRY [INTRADAY]NSE:BANKNIFTY
Trade Setup for 22-12-2022
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 levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 21-12-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 21-12-2022
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 levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 20-12-2022 [INTRADAY]NSE:BANKNIFTY
Trade Setup for 20-12-2022
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 levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Nifty & Bank Trade Plan for 21 JULY 2022 - Expiry day Nifty Trade Plan for 21 JULY 2022 - Expiry day
After a gap up opening in Nifty found some selling pressure at the close.
Key support level to watch out is 16500 level for next trading session.
Even though the CPR is bullishly aligned for the next trading session the closing sentiment is weak.
Tomorrow if Nifty opens flat to small gap down, then CPR & Bearish reversal should act as a strong resistance, In case if PDL & S1 is getting compromised we can expect the Previous day gap to be filled.
In case if Nifty opens with in yesterday range & sustains above CPR then we can expect Nifty to again test out PDH & be in a range bound.
Bank Nifty Trade Plan for 21 JULY 2022 - Expiry day
After a gap up opening in Bank Nifty found some selling pressure at the close.
Key support level to watch out is 36000 level for next trading session.
Even though the CPR is bullishly aligned for the next trading session the closing sentiment is weak.
Tomorrow if Bank Nifty opens flat to small gap down, then CPR & Bearish reversal should act as a strong resistance, In case if PDL & S1 is getting compromised we can expect the Previous day gap to be filled.
In case if Bank Nifty opens with in yesterday range & sustains above CPR then we can expect Bank Nifty to again test out PDH & be in a range bound.
Entry Plan for BANKNIFTY 56000 Target We have completed 5 Wave move Up since Covid Fall and now in making of 5-3-5 Corrective pattern ((A)) ((B)) ((C)).
Its too Early to confirm Connector ((B)) is completed however assuming it is done, we can now expect making of wave ((C)) Black is in process and we can have entry planned @ 31080 Level with target to en-cash Next Up move of Wave III red.
Trade Plan : Well In advance
Entry : 31080
Stop Loss : 27000
Target : 56000