#BankniftyGood morning! As of May 31st, the global market indicates a negative start with a moderately bullish market sentiment. There may be a gap-down start initially. Structurally, it might form as a flat correction. So, if the correction finds support around the major key zone, we can expect a bounce back. On the other hand, if it breaks a major key zone, that is a sign of correction continuation with minor pullbacks.
Bankniftyprediction
BANKNIFTY Intraday Trade Setup For 31 May 2023BANKNIFTY Intraday Trade Setup For 31 May 2023
Buy-Above 44500
Sl- 44395
T- 44755 45026
Sell-Below 44360
Sl-44465
T- 44190 43965
BANKNIFTY has once again closed on a slight bullish note with 0.28% gain. Today it opened flat and traded within previous day's range. Nothing triggered as per trade setup. Intraday momentum was complete sideways after the 1st 15 Min candle , just like yesterday. Index has been in consolidating between 44500 and 44190 for the last two days. Breakout of this range may result in trendy move. For tomorrow's session 44500 and 44360 are important levels.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44500 then we will long for the target of 44755 and 45026.
For selling we need a 15 Min candle close below 44360. T- 44190 and 43965.
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.
Trade ideas for Nifty & BankNifty Analysis for 31-05-2023In this video, I share my analysis for Nifty and Bank Nifty for tomorrow. I use my own technique called FASP to identify the immediate targets for the index.
These levels are important to recognize where the key resistance and support points exist. Map these levels to your charts and explore how it works for you.
Wish you a very happy and profitable year ahead!
FASP levels for Bank Nifty 31/05/2023The FASP for BankNifty is listed for 31-05-2023. 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.
BankNifty Tweezer Top formation on Daily ChartsBank Nifty making tweezer Top on daily charts it play its role below 44155 levels & most important today closing should have to be flat & tomorrow Bank Nifty should trade below 44155 levels & close below 44000 then one quick move will be there if close above high of these 2 candles then it not valid to trade tweezer Top. Thank you all
[INTRADAY] #BANKNIFTY PE & CE Levels(30/05/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. Any Major downside only expected in case banknifty starts trading below 44450 level to 44050 level. 44050 level also possibility to reversal upto again upside rally.
BANKNIFTY Intraday Trade Setup For 30 May 2023BANKNIFTY Intraday Trade Setup For 30 May 2023
Buy-Above 44485
Sl-44380
T- 44755 45026
Sell-Below 44190
Sl-44295
T- 43965 43735
BANKNIFTY has closed with 0.67% gain today. On weekend we discussed that index is ready for another short term bullish momentum which is active now. The daily range has been broken in the upside. Today it opened with a big gap up and then after the 1st 15 Min candle index was inside 10 o'clock range. It was a sideways momentum market. Now approach will be to buy on dips as the mother trend is bullish. Keep a strict trailing in sell side whenever we get.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44485 then we will long for the target of 44755 and 45026.
For selling we need a 15 Min candle close below 44190. T- 43965 and 43735.
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.
FASP levels for Bank Nifty 30/05/2023The FASP for BankNifty is listed for 30-05-2023. 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.
banknifty Bullish view Banknifty taking multiple times support at around 44360 levels. we can plan for long for a decisive movement once 15 minute candle closes above the trendline marked in the chart.
any trade on downside can be initiated only when the 15 minute candle closes below 44360, dont enter before that.
[INTRADAY] #BANKNIFTY PE & CE Levels(29/05/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44050 level then possible upside rally of 400-500 points upto 44450 Level. And this rally can extend for another 400 points if it gives breakout of 44550 level. Any Major downside only expected in case banknifty starts trading below 43950 level.
FASP levels for Bank Nifty 29/05/2023The FASP for BankNifty is listed for 29-05-2023. 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.
BANKNIFTY Intraday Trade Setup For 29 May 2023BANKNIFTY Intraday Trade Setup For 29 May 2023
Buy-Above 44070
Sl-43965
T- 44300 44531
Sell-Below 43840
Sl-43945
T- 43580 43330
BANKNIFTY has closed on a slight bullish sentiment last week and day with 0.48% and 0.77% respectively. Last week it was inside the the range of 44160 and 43440 CB. Daily range for this week is 44160 and 43390. This range breakout has to be sustained in daily TF. A good bullish momentum is likely to unfold above ATH. Below 43390 position sell will be triggered. Bullish momentum likely to continue above 44070, best suited on flat on flat opening.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44070 then we will long for the target of 44300 and 44531.
For selling we need a 15 Min candle closes below 43840. T- 43580 and 43330. 43735 can be an intraday support.
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.