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BANKNIFTY Intraday Trade Setup For 06 Jun 2023BANKNIFTY Intraday Trade Setup For 06 Jun 2023 Buy-Above 44270 Sl-44165 T- 44515 44755 Sell-Below 44070 Sl- 44175 T- 43840 43680 BANKNIFTY has closed on a bearish sentiment with some positive gain today. It has closed with 0.37% gain and formed shooting star candle in daily chart. It opened with a decent gap up and buy triggered above 44090. Trade gave more than 1:1 gain. It was a rangebound day overall as it traded between the 10 o'clock range range whole day. A sharp buying momentum can kick in above 42270. Hourly range is 44500 and 43700, between this we will have days like today. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44270 then we will long for the target of 44515 and above that 44755. For selling we need a 15 Min candle close below 44070. 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
BANKNIFTY Intraday Trade Setup For 05 June 2023BANKNIFTY Intraday Trade Setup For 05 June 2023 Buy-Above 44090 Sl- 43985 T- 44305 44515 Sell-Below 43840 Sl-43945 T- 43680 43475 BANKNIFTY has closed on a slight bearish note last week, after a fresh ATH which we were targeting since long time. In hourly TF we are currently inside the parallel channel/ rising wedge pattern. We tested the the lower trendline last week and then a small support was taken. Now breakout of this rising wedge will be considered below 43700. Above 44090 if we sustained then more bounce from the lower trendline will unfold. Important turning point level is 44500 in the upside for a bullish momentum. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44090 then we will long for the target of 44305 and 44515. For selling we need a 15 Min candle close below 43840. T- 43680 and 43475. 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 Analysis!! Bull Run Started??BankNifty Analysis on Weekly Timeframe BankNIfty has given a Breakout to it's Resistance level as well as it's Resistance Trendline. We have seen the bull run int the last 2 Weeks. BankNifty rallied very interestingly after Breakouts to it's important levels. We can see further upmove in the BankNifty if this rally continues....... Targets- 1) 43099.85 2)43582.80 3)44161.60 Disclaimer= All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
NSE:BANKNIFTYLong
by Avinash9087
FASP levels for Bank Nifty 02/06/2023The FASP for BankNifty is listed for 02-06-2023. 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 02 Jun 2023BANKNIFTY Intraday Trade Setup For 02 Jun 2023 Buy-Above 44000 Sl-39895 T- 44265 44515 Sell-Below 43700 Sl-43805 T- 43500 43295 BANKNIFTY has once again closed on a bearish note with 0.77% cut. Today it opened flat and traded between last day's range for the whole day. Only in the last 15 Min the range low was tested. Below today's low there will a rising wedge breakdown in hourly TF. So we can expect good down move in below the trendline in hourly TF. Bullish momentum will start above 44500. This will be a short term breakout in the daily TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44000 then we will long for the target of 44265 and 44515. For selling we need a 15 Min candle close below 43700. T- 43500 and 43295. 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 01/06/2023The FASP for BankNifty is listed for 01-06-2023. 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 1 Jun 2023BANKNIFTY Intraday Trade Setup For 1 Jun 2023 Buy-Above 44270 Sl-44165 T- 44515 44755 Sell-Below 43820 Sl-43925 T- 43575 43330 BANKNIFTY has closed on a bearish note with 0.69% cut today. It opened with a slight gap down and then sell triggered with a very big candle. Trade hit both the targets as per trade setup. 10 o'clock range broke downside below 44050 and gave a trendy move. Trade gave more than 200 points with around 100 points which was 1:2 (44050-43823). Today's low is very important. If tomorrow's low is breached tomorrow then we will initiate the pullback move in daily TF. Sustaining above today's high in daily TF may result in uptrend continuation. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44270 then we will long for the target of 44515 and 44755. For selling we need a 15 Min candle close below 43820. T- 43575 and 43330. 44045 is turning point for both sides. 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