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BANKNIFTY Intraday Trade Setup For 14 Jun 2023BANKNIFTY Intraday Trade Setup For 14 Jun 2023 Buy-Above 44140 Sl- 44035 T- 44337 44510 Sell-Below 43945 Sl-44050 T- 43780 43580 BANKNIFTY has closed on a slight note with 0.21% gain today. It was having a bullish bias since opening as it had open= low. Buy triggered as per trade setup and hit our 1st tgt. Trade gave more than 130 points gain (44005-44138+) which was 1:1. It has been updated many time that we have to focus on small RR gains and not for very big targets bcs they cant' be achieved due to short length moves which is due to ultra low VIX. Rising wedge breakdown is still pending as no hourly candle has closed below 43915. Now below 43870 it will be active. 44140 and 43945 are important levels for tomorrow. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44140 then we will long for the target of 44337 and 44510. For selling we need a 15 Min candle close below 43945. T- 43780 and 43580. 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
Niftybank Daily analysis & Prediction-14th June-2023 Niftybank Daily analysis & Prediction-14th June-2023 Disclaimer: I do not give any tips or buy sell recommendation I only teach trading strategies. These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view. Please consult your Financial Advisor before making any trading decision
NSE:BANKNIFTY
by sbkurandwad77
#BankniftyGood morning! As of June 13th, the global market indicates a positive start, with a bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect pullback continuation with minor consolidation. However, the notable point here is that Nifty has a single bending wave (C), while Banknifty has three bending waves (ABC). Therefore, the market might follow the trend of whichever one is dominating. Simply put, if Nifty undergoes a correction after completing the "C" leg, Banknifty will turn the range market into a correction without finishing three waves. Conversely, if Banknifty dominates the market, Nifty might experience consolidation before a pullback continuation, ranging from 61% to 78%. On the other hand, if the initial market declines sharply, we can expect a range-bound market or correction.
NSE:BANKNIFTY
by Manickamtraders
NiftyBank Key Trading Levels 13th June 2023 for Options TradingNiftyBank Key Trading Levels 13th June 2023 Options Trading Disclaimer: I do not give any tips or buy sell recommendation I only teach trading strategies. These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view. Please consult your Financial Advisor before making any trading decision
NSE:BANKNIFTY
by sbkurandwad77
BANKNIFTY Intraday Trade Setup For 13 Jun 2023BANKNIFTY Intraday Trade Setup For 13 Jun 2023 Buy-Above 44005 Sl-43900 T- 44155 44337 Sell-Below 43870 Sl-43975 T- 43690 43490 BANKNIFTY has closed closed almost on a flat note with 0.10% cut today. It consolidated the whole day today in a very narrow range. It was a total sideways and momentum less market. This is due to ultra low VIX environment. Swing have become ultra short length due to this. Below 43870 we can expect good downside move tomorrow. Also in hourly TF is to sustain below that. Above 44005 if sustained we can get very good move in the upside. But keep tight trailing. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44005 then we will long for the target of 44155 and 44337. For selling we need a 15 min candle close below 43870. 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
Banks showing consolidation near ATH.Banknifty is trading in a 2% range for last four weeks. Before it the market has given a 4000 points move in 7 weekly candles. Creating a new ATH and consolidation near it shows the strenght of the buyer. Whereas, selle are trying to sell near the high but seems to be weak. The index has travelled more than the 9% move in Nifty. Chance of end of bearish trend can be there is the market break the support zone of 43900 as there will also be chance of 20 EMA break down on daily charts. It will be a short term bear trend as fibonacci, Weekly 20 EMA and BOS. The markets have formed a lower high and can form a lower low. Crucial level for swing trader is the levels of 43900 with a nice 500-600 points target. Bearish Hedge Positions can be created, if markets start trading below the support zone. Bullish position can only be created above 44400 levels. Technically, markets are showing some negativity and the candle formed on the daily charts, shows a bearish move and a halt. A sell on rise can be the market cycle for June expiry and watching market creating new highs in July. Intraday opportunities will also be of sell on rise and wait for the price action near the levels. Big target can be achieved if position and trail stop loss is ready. Next week option can be taken for creating bearish hedge positions. Put credit spread and Backeven hedging strategy will work giving small losses and big profits with little adjustment in trailing stop loss and position creation. Watch for market to start trading below 43900 and hitting 43450-500 as support zone.
NSE:BANKNIFTY
by Mambotrade
FASP levels for Bank Nifty 09/06/2023The FASP for BankNifty is listed for 09-06-2023. 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 09 Jun 2023BANKNIFTY Intraday Trade Setup For 09 Jun 2023 Sell_1- Below 43910 Sl-44015 T- 43700 43515 Sell_2- From 44255 Sl-44360 T- 43950 43700 BANKNIFTY has closed on a bearish note with 0.63% cut today. Buy triggered as per trade setup above 44350. But it was mentioned last day that if we sustain above 44300 then we can have bullish momentum. It gave a move till 44459 which was more than 150 points gain. Later it slipped below 10 o'clock range and gave one way move which was more than 250 points. Now it is at the hourly trendline support (rising wedge). Below today's low there will be breakdown , we have to follow hourly TF for this. Coming to Friday's trade setup, if index opens flat and or below 44255 then this zone (44255) is tested in the 1st hour then we will short from there. T- 43950 and 43700. 2nd sell is below 43910 on a 15 Min candle close. T- 43700 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 daily analysis for 09/06/23.A great bearish move in banknifty, it has broken the recent support of 44000-50 and closed below it. The market has given a bearish engulfing candle engulfing 3 previous day's candle. Banknifty was trading around ATH in the morning session and in the second half has given a nice move of more than 350 points. Being a expiry, there was a good opporunity in the last hour. On the hourly charts, market has broken the 20 ema and closed well below it. Support :- 43850, 43710 Resistance :- 44050, 44200-240 Market has given both side move today. It can take a halt or fall futher to test lower levels. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
FASP levels for Bank Nifty 08/06/2023The FASP for BankNifty is listed for 08-06-2023. 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 08 Jun 2023BANKNIFTY Intraday Trade Setup For 08 Jun 2023 Buy-Above 44350 Sl-44245 T- 44523 44675 Sell-Below 44140 Sl-44245 T- 44000 43840 BANKNIFTY has closed with slight gain of 0.25% today. It opened opened with a decent gap up today. 10 o'clock rage broke downside below 44231 and gave 85+ points gain with less than 50 points sl. On a flat opening if it sustains above 44300 then it can show strength tomorrow, confirmation above 44350. Below 44140 there can be good selling momentum and we can see good profit booking. Tomorrow is RBI Policy at 10 AM so safe traders should trade after market settles in the 2nd session. Tomorrow is expiry and credit policy both so market can be volatile and random. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44350 then we will long for the target of 44523 and 44675. For selling we need a 15 min candle close below 44140. T- 44000 and 43840. 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 07 Jun 2023BANKNIFTY Intraday Trade Setup For 07 Jun 2023 Buy-Above 44240 Sl-44135 T- 44380 44522 Sell-Below 44000 Sl- 44105 T- 43840 43680 BANKNIFTY has closed with a slight gain of 0.14%, closing is in flat zone. Overall it was another sideways day. It has been updated multiple times that we are inside the broader daily and hour range. Also it has been updated that we are inside the rising wedge pattern in hourly TF. Till the time we are inside this range, we will have sideways sessions. Also the VIX has became ultra low so till it starts to rise we will have short length moves in intraday. We will plan tomorrow's trade above and below today's high and low. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 44240 then we will long for the target of 44380 and 44522. For selling we need a 15 Min candle close below 44000. T- 43840 and 43680. 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