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BANKNIFTY Intraday Trade Setup For 30 Jun 2023BANKNIFTY Intraday Trade Setup For 30 Jun 2023 Buy-Above 44510 Sl-44400 T- 44716 44932 Sell-Below 44240 Sl-44350 T- 43995 43778 BANKNIFTY has closed on a bullish note last day with 0.47% gain. On 26 Jun EOD we planned our trade as per the symmetrical triangle breakout. Breakout happened in the upside and buy triggered above 43690 and index just exploded for a fresh ATH (43690-44500+). Last week we marked 44500 and 43340 (43400) as the daily range. We are likely to breakout above 44510 for a fresh rally. No aggressive selling till we break 43340 (43400). Last day buy triggered above 44195 and hit our 1st target 44500. 44510 and 44240 are important levels for tomorrow. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44510 then we will long for the target of 44716 and 44932. For selling we need a 15 Min candle close below 44240. T- 43995 and 43778. 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 Intraday Trade Setup For 28 Jun 2023BANKNIFTY Intraday Trade Setup For 28 Jun 2023 Buy-Above 44195 Sl-44085 T- 44510 44715 Sell-Below 43900 Sl-44010 T- 43690 43490 BANKNIFTY has closed on a bullish note with 1.1% gain today. yesterday a symmetrical triangle was plotted in the trade setup. Breakout happened in the upside and explosive move came. Buy triggered as per trade setup above 43690 and hit all our targets. Trade gave almost 500 points gain (43690-44194+). Above 44200 we will test the daily range high 44500+. For selling we need a a sell setup in intraday. However 43900 is important to watch out. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44195 then we will long for the target of 44510 and 44715. For selling we need a 15 Min candle close below 43900. T- 43690 and 43490. 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 June 27th, The global market is showing a neutral to a slightly positive start with a moderately bearish market sentiment. There is a possibility of a slight gap-up opening. If the market experiences a pullback afterward, we can expect a minor pullback to reach the immediate resistance zone. If the market turns around there, we can anticipate a correction. Alternatively, if it breaks, we can expect a pullback continuation. On the other hand, if the initial market decline is sharp, the correction will likely continue with minor pullbacks."
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 27 Jun 2023BANKNIFTY Intraday Trade Setup For 27 Jun 2023 Buy-Above 43690 Sl-43580 T- 43910 44100 Sell-Below 43540 Sl-43650 T- 43300 43077 BANKNIFTY has closed on a complete flat note today. It traded inside previous day's range the whole day. Nothing triggered as per trade setup today. There was a trend till 10:30 which was 200 points in length, then after it was complete sideways between 43690 and 43540. This was a very narrow range, less than 150 points. We will simply use this range to build our trade tomorrow. VIX is ultra low. Breakout of the daily range will kick in momentum in intraday. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43690 then we will long for the target of 43910 and 44100. For selling we need a 15 min candle close below 43540. T- 43300 and 43077. 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
PostMortem on BankNifty Today & Analysis of 26 JUN 2023BN opened gap up, but right at the opening itself we all anticipated that we are not going to have an up day today. The options flow gave me a bearish bias and was looking for opportunities to enter. The first swing till 10.50 where we had a drop of 222pts & then a retracement of 113pts looked healthy and almost filling all the checklist for the 2nd leg. Instead of making a lower low - the 2nd leg made an upmove to take out the retracement high. By this time the options premium was dead - indicating no more uncertainty ahead. SBIN & ICICIBANK gave ample support to BN today & prevented it from falling. Again the conviction of the bulls were quite strong. Between 15.00 to 15.05 BN made a quick surge of 105pts and then quickly lost it between 15.10 to 15.15 - might have taken out the stop losses of few option traders today. The way in which PE options reacted made me think the major participants would want BN to go up. 1hr TF The double bottom W pattern that formed with the bottom at 43404 is still intact. The upmove from 20th Jun to 22nd Jun was pretty weak that did not allow it to go past the resistance zone of 44068.
NSE:BANKNIFTY
by viswaram
Bank Nifty - Prediction & Intraday Levels for - 27 Jun 2023Banknifty Tomorrow: Moderately BULLISH Banknifty likely to Open flat or Small Gap up around 43670 where we can look for BUY on the opening for Target 43873. from there BNF might take reversal for lower targets. BNF is pending to revisit 43450 level which might be tested before its rally. 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
BANKNIFTY Intraday Trade Setup For 26 Jun 2023BANKNIFTY Intraday Trade Setup For 26 Jun 2023 Buy-Above 43825 Sl- 43720 T- 44040 44280 Sell-Below 43515 Sl-43620 T- 43300 43077 BANKNIFTY has closed on a bearish note last week with 0.72% cut. After the breakdown of rising wedge pattern below 43930 in hourly it is in decline mode. To change its phase index has to sustain above 44100 in hourly and daily TF. Daily range is 44500 and 43340 (43400). Breakout of this broad range will give us the next directional move for short- term. VIX will rise on this range shift. Till then zig-zag moves will be common in intraday. 43825 and 43515 are important levels for Monday's intraday. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 43825 then we will long for the target of 44040. Above 44050 it will hit 44300 zone. For selling we need a 15 Min candle close below 43515. T- 43300 and 43077. 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 - 26 Jun 2023Banknifty Prediction for Tomorrow: BULLISH Reversal BNF likely to open small gap down, and further bearish move can be expected until 43400-43300 level. 43300 is where might expect strong BULLISH reversal towards 44000 & 44500 this week. 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
Banknifty weekly analysis for last week of June (26/06/23).Banknifty on the weekly charts has been forming doji after doji and has lost 300 points on week to week close. It has been consolidating on the higher levels but nifty is not supporting the up move. As nifty is still to form a new ATH whereas, banknifty has formed a new ATH. On the daily charts, market has formed a perfect doji candle after a gap down opening. Banknifty has closed below the 20 EMA and if it breaks down below 43400 levels it can test the 200 EMA. The moving averages, on the hourly charts, have converged and are close to each other. Market are yet to decide the trend. Bearish moving averages crossover is there, on 15 minutes time frame, and market has been taking rejection from 20 EMA . Support :- 43400, 43120 Resistance :- 43760, 44050 Wait for the price action near the levels before entering the markets.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 23 Jun 2023BANKNIFTY Intraday Trade Setup For 23 Jun 2023 Buy- Above 43860 Sl-43755 T- 44040 44280 Sell-Below 43660 Sl- 43765 T- 43465 43270 BANKNIFTY has closed on a bearish note with 0.31% cut. Hourly range has been updated last week only. Till the time we are inside 43390 and 44500 in hourly TF. It was said last week that we will see sideways momentum till we give hourly breakout. Range trading is all about buying from support and selling from resistance. Today buy triggered as per trade setup which hit sl then it turned full volatile inside previous day's range. 43860 and 43660 are important levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43860 then we will long for the target of 44040 and 44280-300. For selling we need a 15 min candle close below 43660. T- 43465 and 43270. 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 Intraday Trade Setup For 22 Jun 2023BANKNIFTY Intraday Trade Setup For 22 Jun 2023 Buy-Above 43950 Sl- 43845 T- 44130 44315 Sell-Below 43690 Sl-43795 T- 43514 43330 BANKNIFTY has closed with slight bullish sentiment with 0.21% gain today. Buy triggered above 43825 and gave around 100 points and closed almost at our buy level. Tomorrow can be a good trending day in both the direction above and below the key levels 43950 and 43690. Good momentum will be on breakout of this range. In between this 250 points zone it will sideways with noisy moves. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43950 then we will long for the target of 44130 and 44315. Extended T- 44510. For selling we need a 15 Min candle close below 43690. T- 43514 and 43330. 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
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