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BANKNIFTY Intraday Trade Setup For 26 Jul 2023BANKNIFTY Intraday Trade Setup For 26 Jul 2023 Bullish-Above 45945 Invalid-Below 45835 T- 46170 46400+ Bearish-Below 45620 Invalid- Above 45730 T-45377 45129 BANKNIFTY has closed on a slight bearish note with 0.17% cut today. Sell triggered as per trade setup below 45855 and hit our 1st target. Trade gave more than 200 points gain (45855-45623). 45950 and 45620 are important levels to look for breakout any side. High probability trades looks in the downside though while up moves have to be watch carefully for a reversal structure (M structure) in 5 Min TF. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45945 then we will long for the target of 46170 and 46400. For selling we need a 15 Min candle close below 45620. T- 45377 and 45129. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
Banknifty daily analysis for 26/07/23.Banknifty after a gap up opening came of selling initially and closed 80 points lower on the daily close. There is a bearish engulfing candle and market is taking support from 45600 levels. On the hourly chart, market remained in a 200 points range in the second half of the trading session. The market has formed resistances on the highs and are near by the trading levels. On 15 minutes time frame, market traded between both the moving averages and took support from the 200 ema and formed a V shape pattern. Support :- 45640, 45360 Resistance :- 45920, 46070 The market today remained in a sideway mode and has closed almost flat. Chance of a nice trending market can be seen in the coming days. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
#banknifty"Good morning! As of July 25th, the global market is indicating a positive start, with GIFT Nifty showing a +45 point increase. There is no significant difference from the last session, suggesting a range-bound market structure. The market's nature is moderately bullish, and there is a possibility of a slight gap-up opening. If it sustains within the range, we can expect the market to continue without a correction. However, a correction may occur if it breaks below the immediate support zone."
NSE:BANKNIFTY
by Manickamtraders
2
BANKNIFTY Intraday Trade Setup For 25 Jul 2023BANKNIFTY Intraday Trade Setup For 25 Jul 2023 Bullish-above 46095 Invalid- below 45985 T- 46320 46530 Bearish-below 45855 Invalid-above 45965 T- 45630 45404 BANKNIFTY has closed on a slight bearish note (just got passing marks :) with 0.33% cut today. In the weekend we discussed that it has created a bearish sentiment candle in daily TF on Friday. Today it was active throughout the day where all the up moves were sold into. Bearish sentiment likely to continue tomorrow below today's low. Also sentiment likely to be decline till we make a proper reversal structure in hourly TF. 46095 and 45855 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 46095 then we will long for the target of 46320 and 46530. For selling we need a 15 min candle close below 45855. T- 45630 and 45404. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
Bank Nifty - Prediction & Intraday Levels for - 24 Jul 2023Banknifty Prediction for Monday: Sideways to Moderately BULLISH BNF likely to open flat or Small Gap down around 46K, 45849/45905 is the key levels to watch, if sustains above we can take long entry for 46300 / 46640 Targets next week. Any weakness and closes below 45830, lower side Targets are possible. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:BANKNIFTYLong
by ViVenTraders
3
BANKNIFTY Intraday Trade Setup For 24 Jul 2023BANKNIFTY Intraday Trade Setup For 24 Jul 2023 Buy-Above 46265 Sl-46155 T- 46530 46852 Sell-Below 45920 Sl-46030 T- 45640 45404 BANKNIFTY has closed on a slight bearish note last Friday by making a shooting star candle in daily TF. Weekly candle is bold with 2.8% gain. So above 46370 we will resume the up move. But below 45920 if sustained we may start the profit booking move, that's the shooting star candle low and also hourly last swing low. While intraday levels are 46265 and 45920 also be very strict in trailing in both side trades as chances of a decline move is high after an impulse. 46800 and 45400 are important resistance and support respectively in hourly TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46265 then we will long for the target of 46530 and 46852. For selling we need a 15 Min candle close below 45920. T- 45640 and 45404. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY--Inside candle + Up = Fall ??After Showing strong Bullish Pressure towards new ATH, price showing strong bearish pressure. price also forms a inside candle, and yesterday shows a strong bullish momentum again. if this bullish momentum sustains...or falls again. Considering that inside candle as consolidation at Previous ATH levels, and shows us a bullish momentum, so if we consider this as Bearish Pressure + Consolidation + Upside = Great fall. if we observe after breaking the trendline no retest is observed in higher timeframes, a strong bullish move is observed from 44700-44750 levels. if price failed to take the help of previous HH, and bottom side Demand fails, we can expect a strong fall. Will see what happens in live market... Thanks for your support.
NSE:BANKNIFTY
by IIT-Trader
1
BANKNIFTY Intraday Trade Setup For 21 Jul 2023BANKNIFTY Intraday Trade Setup For 21 Jul 2023 Buy-Above 46260 Sl-46150 T- 46530 46852 Sell-Below 45980 Sl-46090 T- 45750 45510 BANKNIFTY has closed on a super bullish note with more than 1% gain today. It opened flat and then buy triggered as per trade setup. Trade hit both our targets very smoothly (45710-46250+). After buy was triggered it hovered near cost 12 PM. Post that a trendy move came. On 17 July it was updated that 44500 region is a CIP support zone in daily TF. Above the Pin bar candle's high formed on 14 July we expected good upside move. It has given about 1300 points rally after that against 400 points risk. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46260 then we will long for the target of 46530 and 46852. For selling we need a 15 min candle close below 45980. T- 45750 and 45510. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
1
Banknifty daily analysis for 21/07/23.A 500 points rally took banknifty past 46k levels and market has closed above it. During the morning hour market consolidated and in the second half gave a rally of more than 400 points touching 46200 levels. On the hourly charts, the breakout of the previous day high gave a 350 points rally during the last hours. A sideway to bullish market will be there. Buy on dips is going on the market. Support :- 45850, 45370 Resistance :- 46250, 46885(fibonacci level) 200-300 points rally is there as per the flag and pole pattern break out. Watch the market closely before entering any bearish trade. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
FASP levels for Bank Nifty 20/07/2023The FASP for BankNifty is listed for 20-07-2023. 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
BANKNIFTY Intraday Trade Setup For 20 Jul 2023BANKNIFTY Intraday Trade Setup For 20 Jul 2023 Buy-Above 45710 Sl-45600 T- 45925 46230 Sell-Below 45510 Sl-45400 T- 45280 45034 BANKNIFTY has closed with 0.57% gain today. It has formed an inside candle in daily TF which is a sign of contraction which results sideways before any fresh trendy move. It was a total choppy market today. Nothing triggered as per trade setup today. Today's daily candle is buyers candle so below today's low there can be aggressive selling. Since it a slight bullish candle so above today's high, bullish momentum can be expected. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 45710 then we will long for the target of 45925 and 46230. For selling we need a 15 Min candle close below 45510. T- 45281 and 45034. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
19 Jul ’23 Post Mortem on BankNifty, Upside looks very promisingBanknifty on the other hand had a perfect range bound trade today, the option prices also reflected this & there was absolutely no spike in premiums. Yesterday we had an action packed price action, whereas it was calm and quiet today. So we have an inside day today meaning the big-boys have taken a day of rest. Most likely we could see a continuation of price action of what we had on 18th July. But these days Banknify has lost its wild swinging nature, in fact Nifty is showing more tendency to swing. Like mentioned earlier, reasons like this are prompting banknifty traders to switch back to nifty for more bang! 1hr TF should show bullishness, again due to the bearish trend line breakout. The retest of the trend line should happen real quick if bears would like to pass a message, otherwise the field is set for more bull runs. Again I wish to stay out from trading as we dont have strong support levels.Only if the premiums look enticing, I could go ahead and sell them. Tomorrow’s expiry looks uneventful if the premiums stay like this. Let us hope RELIANCE brings in some drama tomorrow & the banks are called upon to counterbalance the weight on Nifty50.
NSE:BANKNIFTY
by viswaram
18 Jul ’23 Post Mortem on BankNifty | 557pts fall in 1hr ?Banknifty saw some profit booking today & it seems healthy. Thats right after we broke the all time high by 09.25. Interestingly finnifty also hit the day’s high at the same timeline but it could not take out the previous ATH. There was a fall of 557pts ~ 1.22% between 11.15 to 12.20 but even this did not take banknifty much below the prev. close of 45449.75. It also means the selling momentum was not picking up pace - another bad news for the bears. Also the impact on Nifty50 was not heavy as NiftyIT started to support and rallied almost 1.6% afternoon. Hitting a new ATH for banknifty was something special, this has to do with the impressive quarterly results. Seems like the other banks may have similar or better numbers to report than Hdfcbk, saw the IndusInd bank results post market hours - that looked good as well. On an hourly time-frame banknifty is sill looking bullish - mostly because of its trend line break and the break-out momentum. Today’s fall was also arrested quickly which may be of interest to the bulls.
NSE:BANKNIFTY
by viswaram
BANKNIFTY Intraday Trade Setup For 19 Jul 2023BANKNIFTY Intraday Trade Setup For 19 Jul 2023 Buy-Above 45655 Sl-45545 T- 45925 46230 Sell-Below 45280 Sl-45390 T- 45034 44790 BANKNIFTY has closed on an absolute flat note today. It opened with a decent continuation gap and tested our buy target in the 1st 15 Min candle. Since it opened gap up so 10 o'clock range worked perfectly. Range broke downside below 45580 and gave almost 300 points gain. Coming to tomorrow's session, it has formed a base at 45280, breakdown can initiate a good down move for intraday. Buying momentum will kick in above today's high but 45655 is a crucial swing high to look for breakout. Be strict in trailing. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45655 then we will long for the target of 45925 and 46230. For selling we need a 15 Min candle close below 45280. T- 45034 and 44790. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
FASP levels for Bank Nifty 19/07/2023The FASP for BankNifty is listed for 19-07-2023. 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
BANKNIFTY Intraday Trade Setup For 18 Jul 2023BANKNIFTY Intraday Trade Setup For 18 Jul 2023 Buy-Above 45560 Sl-45450 T- 45855 46125 Sell-Below 45040 Sl-45150 T- 44795 44547 BANKNIFTY has closed on a bullish note as expected. Last day we discussed that 44500 area is a CIP support zone in daily TF and yesterday's Pin-bar candle strengthened our view. We expected that support will be taken above 44925 and we will trade that. Today buy triggered as per trade setup in the 2nd half and hit all our targets. Trade gave more than 550 points gain (44925- 45556+) Now bullishness likely to continue above today's high if sustained in 15 MIN post 10 AM.45300 is a crucial zone to watch out for both side price action building. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45560 then we will long for the target of 45855 and 46125. For selling we need a 15 Min candle close below 45040. T- 44795 and 44547. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY--@Channel Breakout ??The index price is still trading in a channel... will this channel breakout.... or continue it's momentum towards downside.... we are at important zone...i.e 44500 zone... today price comes almost near to this zone and showed a bullish momentum towards upside... But we are still having some bullish gap left @44400 level... if today's bullish momentum is a bull trap, tomorrow price will be bearish... opens gap down fill the bottom side gap and moves up... or continue fall bottom levels, to grab the liquidity on buyside. If this a bear trap...still those who are buying puts after a strong bullish momentum puts are available at cheaper price...price will opens again gap up and takes all the liquidity on put side.. fills bearish gap and again falls from that level... so without confirmation, we cannot say anything ....as per the price movement it is in a channel.so we are taking any decision after breaking this channel... Will see what happens in the upcoming session. If this is helpful...please do follow and give a like..... Thank you guys...those who are supporting me... Have a nice weekend.
NSE:BANKNIFTY
by IIT-Trader