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BANKNIFTY Intraday Trade Setup For 18 Aug 2023BANKNIFTY Intraday Trade Setup For 18 Aug 2023 Bullish-Above 44075 Invalid-Below 43965 T- 44325 44575 Bearish-Below 43740 Invalid-Above 43850 T- 43490 43239 BANKNIFTY has closed almost flat today with minor cut of 0.13%. It has formed a neutral doji candle in daily TF. Buy triggered as per trade setup above 44005, last day it was said to be very strict in trailing as per previous swings in any side. Long trade hit TSL near cost. Then sell triggered as per trade setup which ended again near cost EOD. Tomorrow above 44075 buyers will try to close the week on a bullish sentiment, below 43740 it will be bearish. Be strict in trailing in 5 MIN TF as per previous high/low. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44075 then we will long for the target of 44325 and 44575. For selling we need a 15 Min candle close below 43740. T- 43490 and 43239. 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"Good morning! As of August 17th, there isn't a significant difference from the last session. The global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a range-bound market or a pullback continuation. If it breaks the immediate support zone, then the correction will likely continue."
NSE:BANKNIFTY
by Manickamtraders
FASP levels for Bank Nifty 17/08/2023The FASP for BankNifty is listed for 17-08-2023. 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 17 Aug 2023BANKNIFTY Intraday Trade Setup For 17 Aug 2023 Bullish- Above 44005 Invalid-Below 43895 T- 44290 44575 Bearish-Below 43830 Invalid-Above 43940 T- 43535 43239 BANKNIFTY has closed with a 0.33% cut today. it opened with a big gap down but intraday sentiment changed after the 15 Min candle and slowly and slowly there was recovery. 10 o'clock range broke upside above 43852 and gave around 150 points, however sl was hunted in the 1st attempt. Important levels for tomorrow's session are 44005 and 43830. Keep tight trailing in tomorrow's session after trade goes in favor till some extent, valid for both sides. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 44005 then we will long for the target of 44290 and 44575. For selling we need a 15 Min candle close below 43830. T- 43535 and 43239. 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 Tradesetup for 16-08-2023Banknifty important levels to watch are as follows #Support: 44000 Sell below: 44000 only on 15 minute candle closure below the level. Target 1: 43790 Target 2: 43540 #Resistance: 44200 Buy Above: 44200 only on 15 minute candle closure Above the level. Target 1: 44410 Target 2: 44570 #Demand Zone: 43900-43960 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart. #Supply Zone: 44360-44400 may act as an immediate selling zone, and price may reject from the region marked in red on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:BANKNIFTY
by InvestyourAsset
#banknifty"Good morning! As of August 16th, the global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bullish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. If it breaks the immediate support zone, then the correction will likely continue. On the other hand, if the decline doesn't break yesterday's low, it might turn into a range-bound market."
NSE:BANKNIFTY
by Manickamtraders
FASP levels for Bank Nifty 16/08/2023The FASP for BankNifty is listed for 16-08-2023. 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 TradeSetup For 14-08-2023BankNifty important Intraday levels to watch are as follows Expectations: Trending Day #Support: 44120 Sell below:44120 only on 15 minute candle closure below the level. Target 1: 44020 Target 2: 44890 #Resistance: 44265 Buy Above: 44330- 44265 only on 15 minute candle closure Above the level aggressive buy above supply zone. No fresh positions to be initiated in the supply zone before the price breaks on either side of the supply zone. Target 1: 44412 Target 2: 44572 #Supply Zone: 44330- 44410 may act as a selling zone and price may reject from the region marked in red on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stop loss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:BANKNIFTY
by InvestyourAsset
BANKNIFTY Intraday Trade Setup For 16 Aug 2023BANKNIFTY Intraday Trade Setup For 16 Aug 2023 Bullish-Above 44215 Invalid-Below 44105 T- 44475 44737 Bearish-Below 43990 Invalid-Above 44100 T- 43770 43515 BANKNIFTY has closed with a minor cut of 0.24% today. Closing sentiment is bullish BTW as its a pin bar candle in daily TF. So above 44215 if sustained in 15 Min TF we can expect a continuation of today's up move. Important level for downside is 43990 however the main move will come below 43770. We will consider a reversal trade in hourly TF only when a proper W structure starts to form which will be updated here. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44215 then we will long for the target of 44475 and 44737. For selling we need a 15 Min candle close below 43990. T- 43770 and 43515. 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"Good morning! As of August 14th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), There is no significant difference from the last session. While the market trend is bearish. Therefore, there might be a start with a minor gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. or if it breaks it(immediate support zone), then the correction will likely continue. On the other hand, if the initial market shows a positive start, we can expect a ranging market."
NSE:BANKNIFTY
by Manickamtraders
1
Ooops Head & Shoulder in Banknifty@ATHHi, A Bearish Head and Shoulder Pattern is visible on the daily charts of $NSE:BANKNIFTY. So caution while going ahead in bank nifty. The breakdown is not yet cponfirmed.......... after the breakdown bank nifty may go down to 42000 in near term. After Confirm Breakdown levels will be poted..... If you agree with the idea then hit the airplane icon and don't forget to follow me to get all the latest updates. Post your comments and queries. Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:BANKNIFTYShort
by raigvivek
BANKNIFTY Intraday Trade Setup For 14 Aug 2023BANKNIFTY Intraday Trade Setup For 14 Aug 2023 Bullish-Above 44470 Invalid-Below 44360 T- 44737 45050 Bearish-Below 44120 Invalid-Above 44230 T- 43795 43515 BANKNIFTY has closed on a bearish sentiment last day and week with 0.77% and 1.52% cut respectively. Since 45620 broke we have been in sell on rise mode. And every week it has been updated that index is 'sell on rise' especially in hourly TF. Next probable support seems near 43200 zone. While major support is 42500 zone. No bullish view till we get a breakout of last swing high in daily TF. 44470-80 and 44120 are important levels for tomorrow's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44470 then we will long. T- 44737 45050. For selling we need a 15 Min candle close below 44120. T- 43795 and 43515. 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 14/08/2023The FASP for BankNifty is listed for 14-08-2023. 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 TradeSetup For 11-08-2023BankNifty important Intraday levels to watch are as follows Expectations: Trending Day #Support: 44420 Sell below: 44420 only on 15 minute candle closure below the level. Target 1: 44230 Target 2: 44050 #Resistance: 44605 Buy Above: 44605 only on 15 minute candle closure Above the level agressive buy above supply zone. Target 1: 44820 Target 2: 45050 #Supply Zone: 44600-44680 may act as a selling zone and price may reject from the region marked in red on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:BANKNIFTY
by InvestyourAsset
#banknifty"Good morning! As of August 11th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), while the market trend is moderately bearish. Therefore, there might be a start with a minor gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a minimum 38% pullback. or if it breaks it(immediate support zone), then the correction will likely continue. On the other hand, if the initial market shows a positive start, we can expect a ranging market."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 11 Aug 2023BANKNIFTY Intraday Trade Setup For 11 Aug 2023 Bullish-Above 44735 Invalid-Below 44625 T- 44980 45290 Bearish-Below 44410 Invalid-Above 44520 T- 44170 43907 BANKNIFTY has closed on a bearish note with 0.76% cut. Yesterday closed on a bullish note although there was slight cut. It was discussed that 44700 zone will act as a support zone in case of a gap down. It worked perfectly, giving us 250+ points bounce. Later there was total volatility due to RBI event. Tomorrow on flat opening above 44610 there can be some small bounce however buy level is 44735. Same goes for downside, on a flat opening below 44410 we will get a trendy move. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 44735 then we will long for the target of 44980 and 45290. For selling we need a 15 Min candle close below 44410. T- 44170 and 43907. 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 TradeSetup For 10-08-2023BankNifty important Intraday levels to watch are as follows Expectations: Volatile day #Support:44760 Sell below: 44760 only on 15 minute candle closure below the level. agressive sell below demand zone. Target 1: 44520 Target 2: 44280 #Resistance: 44920 Buy Above: 44920 only on 15 minute candle closure Above the level agressive buy above supply zone. Target 1: 45120 Target 2: 45380 #Demand Zone:44520-44615 may act as a buying zone and price may bounce from the region marked in green on the chart. #Supply Zone: 44990-45080 may act as a selling zone and price may reject from the region marked in red on the chart. #Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital. Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
NSE:BANKNIFTY
by InvestyourAsset
#banknifty"Good morning! As of August 10th, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend remains moderately bullish. There is no significant difference from the last session. Therefore, whether it opens with a gap-up or down, it won't matter. If the initial market experiences sharp declines, we can anticipate a ranging market or a correction. On the other hand, if the market exceeds yesterday's high, we can expect the rally to continue with minor corrections. However, the important thing to note is that today's market has a significant event: the RBI MPC meeting at 10 am. This is a major event, and the market will likely move based on its outcome. So, it's advisable to take your position a bit more cautiously. "
NSE:BANKNIFTY
by Manickamtraders
3
BANKNIFTY Intraday Trade Setup For 10 Aug 2023BANKNIFTY Intraday Trade Setup For 10 Aug 2023 Bullish- Above 44925 Invalid-Below 44815 T- 45140 45355 Bearish- Below 44530 Invalid-Above 44640 T- 44250 44000 BANKNIFTY has closed with a minor cut of 0.19% today, but it closed on a positive sentiment as it has formed a Pin bar candle in daily TF. It opened flat and sell triggered as per setup and first target was achieved. If it sustains above 44925 then we can expect good bullish momentum tomorrow. in case it tests 44715 then it can act as a support. While we have to wait for the breakout of 44530 for a trendy short. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle close above 44925 then we will long for the target of 45140 and 45355. For selling we need a 15 Min candle close below 44530. T- 44250 and 44000. 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"Good morning! As of August 9th, the global market sentiment is neutral to slightly negative (based on the Dow Jones alone), while the market trend remains moderately bullish. There is no significant difference from the last session. Therefore, whether it opens with a gap-up or down, it won't matter. If the initial market experiences sharp declines, we can anticipate a ranging market. However, if it breaks the immediate support zone, the correction is more likely to continue.. On the other hand, should the market exceed yesterday's high, we can expect the rally to continue with minor corrections."
NSE:BANKNIFTY
by Manickamtraders