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Bankniftyprediction

FASP levels for Bank Nifty 26/05/2023The FASP for BankNifty is listed for 26-05-2023. 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.
NSE:BANKNIFTYShort
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 26 May 2023BANKNIFTY Intraday Trade Setup For 26 May 2023 Buy-Above 43720 Sl-43615 T- 43910 44100 Sell-Below 43390 Sl-43495 T- 43200 43017 BANKNIFTY has closed on absolute flat note today. Sell triggered below 43635 and hit our 1st target very smoothly (43635-43391). There was a sharp recovery from the 1st support zone and it closed at day high. Today hourly zone was tested, now below 43390 we will open a short short trade below 43390 positionally. It has formed a pin bar candle in daily charts, above its high 43720 there can be good up move. 43555 is deciding level for both sides in intraday. However we will short below 43390. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43720 then we will long for the target of 43910 and 44100. For selling we need a 15 Min candle close below 43390. T- 43200 and 43017. 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 25th may expiry inverted hammerbanknifty in daily timeframe formed inverted hammer which is a sign for reversal and in weekly timeframe it is forming evening star pattern. This week expiry looking range bound (similar to the finnifty) so trade with less quantity or go for next week expiry(june series) to avoid premium decay. possibility of short covering on either side is possible. Buy above 44057(43900 CE) Target 44132,44282,44410,44550 Sell below 43579 (43800 PE) Target 43465, 43333 OI Data 44000 Call writing: 81 lacs 43500 put writing. : 51 lacs
NSE:BANKNIFTY
by rajender.kundhuri
1
#BankniftyGood morning! As of May 25th, there are no significant differences compared to the previous day. The global market has shown a negative start with a bearish market nature. There may be a gap-down at the beginning. After that, if it consolidates or breaks the major key zone, we can anticipate a continuation of the correction. On the other hand, the ABC structure has been completed. So, if the market sharply pulls back at the start, we can expect a range market for pullback consolidation.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY Intraday Trade Setup For 25 May 2023BANKNIFTY Intraday Trade Setup For 25 May 2023 Buy-Above 43855 Sl-43750 T- 44100 43305 Sell-Below 43635 Sl-43740 T- 43425 43235 BANKNIFTY has closed on a bearish note with 0.63% cut today. It opened with a decent gap down and 10 o'clock range broke upside above 43920 and gave around 90 points gain. Later sell triggered below 43850 and hit our 1st target very smoothly (43850-43640). Till now index is inside hourly range discussed last week. Hourly range is 44160 and 43440. There can be good selling pressure below 43635 if sustained. Above 43855 we can get good upside momentum. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43855 then we will long for the target of 44100 and 44305. For selling we need a 15 min candle close below 43635. T- 43425 and 43235. Ride the sell move with previous high as TSL in 5 MIN TF. 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 24/05/2023The FASP for BankNifty is listed for 24-05-2023. 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.
NSE:BANKNIFTYShort
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 24 May 2023BANKNIFTY Intraday Trade Setup For 24 May 2023 Buy-Above 44100 Sl-43995 T- 44305 44555 Sell-Below 43850 Sl-43955 T- 43670 43480 BAKNIFTY has closed with a slight gain 0.16% gain today. It was complete sideways market, except the last 45 Min small downside move. Buy triggered as per trade setup but it just consolidated at buying price almost the whole day which eventually hit sl post 3PM. BANKNIFTY is consolidating tightly in daily and hourly TF. Hourly major swing are 44160 and 43440. Breakout of this range will give us the next trendy move. Above 44100 we can expect good upside momentum. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44100 then we will long for the target of 44305 and 44555. For selling we need a 15 Min candle close below 43850. T- 43670 and 43480. 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
2
banknifty 24th may rising wedge and double top bank nifty is forming rising wedge pattern (blank line) and double top (M) green line and there is a strong support trendline. If the support trendline is broken at 43888 level then possibility of reaching 43333 is high. if it takes support at 43888 level then market might retest and try to break all-time high. Don't be bullish or bearish trade with the market direction. Buy above 440057(43900 CE) Target 44132,44282,44410,44550. Sell below 43766 (43800 PE) Target 43579,43465, 43333.
NSE:BANKNIFTY
by rajender.kundhuri
FASP levels for Bank Nifty 23/05/2023The FASP for BankNifty is listed for 23-05-2023. 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.
NSE:BANKNIFTYLong
by SathishChandrasekaran
BANKNIFTY Intraday Trade Setup For 23 May 2023BANKNIFTY Intraday Trade Setup For 23 May 2023 Buy-Above 44030 Sl-43925 T- 44305 44555 Sell-Below 43680 Sl-43785 T- 43480 43275 BANKNIFTY has closed with a slight cut of 0.19% today. Last day it formed a Pin bar and we anticipated a bullish momentum above its high. It did not trigger our buy level as 15 Min candle did not close. Later sell triggered below 43790 and gave 100 points gain (1:1). A Pin bar candle has been formed once again in daily TF, high and low are very important for a directional move. It has formed a symmetrical triangle in 15 Min TF. Breakout of this and sustained price action will give us a good direction move. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 44030. T- 44305 and 44555. For selling we need a 15 Min candle close below 43680. T- 43480 and 43275. 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