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BANKNIFTY Intraday Trade Setup For 20 Jun 2023BANKNIFTY Intraday Trade Setup For 20 Jun 2023 Buy-Above 43760 Sl- 43655 T- 43935 44115 Sell-Below 43500 Sl-43605 T- 43268 43068 BANKNIFTY has closed on a bearish note with 0.69% cut today. It was in bear's grip from the 1st candle onwards. As we have given a breakdown of the rising wedge pattern in hourly TF. 43930 is our short level as per this. Now it should not re-test again our entry price. So that will be our TSL now. 43390 is the hourly range low; breakdown can give us a smooth profit in our existing position. 43760 and 43500 are the levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 43760 then we will long for the target of 43935 4415. For selling we need a 15 Min candle close below 43500. T- 43268 and 43068. 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 20/06/23.Banknifty has taken a good support from the round figure level of 43500 and bounced back to test 43700 levels. Market from the first hour came for selling and tested the support levels and closed below both the moving averages on the hourly charts. A break down and retest has been done by the market. Market may fall this week and after crossing the 43400 levels, there are chance of a huge sell off as next support level is around 43100. On 15 minutes chart, market may give a break out of a Head and shoulder pattern above 43700. Support :- 43500, 43400-50, 43115 Resistance :- 43720, 43860 The market on the daily charts has been trading in the same range for 3 days and has closed below 20 EMA. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 19 Jun 2023BANKNIFTY Intraday Trade Setup For 19 Jun 2023 Buy-Above 44085 Sl-43980 T- 44300 44510 Sell-Below 43830 Sl-43935 T- 43615 43395 BANKNIFTY has closed on a flat note last week. It gave a breakdown of hourly rising wedge pattern below 43930( hourly CB) last week. We got a straight move of more than 500 points in a single day in a single flow. Now next round of selling will be triggered below 43390. 44500 and 43390 is the range for the coming week. Breakout of this range will give us the next directional move. It will be sideways between this broader range. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44085 then we will long for the target of 44300 and 44510. For selling we need a 15 Min candle close below 43830. T- 43615 and 43395. 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 - 19 Jun 2023Banknifty Prediction : Trend : BULLISH / Positive momentum Banknifty likely to Open Flat / Small gap down tomorrow around 43853 level where have support zone at 43700-43770 which is the level to take BUY entry for Target of 44000 & 44400. BEARISH trend is only below 43638. BNF expected to move higher and might test 45K in two weeks. Plan for positional trades. Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
NSE:BANKNIFTYLong
by ViVenTraders
Bank Nifty Still in confusion state. Weekly prediction(19/16/23)A nice expiry this week and a good reversal too. Banknifty on the weekly expiry has given a very nice move of 500+ points and the option premium took a toll from the first hour. Though, the market has formed a Harami pattern(bullish reversal) on the daily charts and a dragon fly doji on the weekly charts. For last 3 weeks, it has been closing in a range of 400 points. It has also given close above the 20 EMA on the daily charts after giving a closed below it on expiry. It might be a fake out and markets are ready to touch new Highs. This is also the third time that the market have tested the 43450 levels and recovered quickly. Buyers are there forming a Supply zone. Another pattern is also being formed on the daily charts and if it goes to beark down the neck line very good momentum can be gained. On the hourly charts, the market trading close to both the moving averages. Either side movement can be taken using the MA Setup. Major Support:- 43840, 43400 Major Resistance :- 44120, 44435 Positional and swing trades can be entered only when market sustain above 44430 or below 44400. Intraday and scalping trades can be produced in the zone. Wait and watch for the market movement and price action near the levels before entering the trade.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 16 May 2023BANKNIFTY Intraday Trade Setup For 16 May 2023 Sell_1- Below 43390 Sl-43495 T- 43185 42970 Sell_2- From 43820 Sl-43925 T- 43607 43400 BANKNIFTY has closed on a bearish note with 1.24% cut today. It opened flat and sell triggered @43950. It was a perfect and dot level as fall started from this level. This gave a non-stop fall till 43400. Trade gave550 points, it was a great RR trade (1:5). Also it was mentioned in the weekend level that 43930 is the activation level of the rising wedge pattern. It was a very strong level which we picked. It was said that it will be considered and activated in hourly TF, candle closed and we enjoyed a free fall. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 43390 then we will short. T- 43185 and 42970. 2nd sell level is from 43820 in case of a gap up. T- 43607 and 43400. 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 16th june tradeHello traders Hope you guys have made great profit today after breaking my level of 44050 for the target of 43750 and 43550 which is achieved today in expiry. If you see the post that are posted yesterday you will learn and earn great in share market. For now buying level will activate after crossing 43550 level and sustain above for some time then go for 43750 level again. but if it not crossed and make some bearish candle go for sell. For selling we can see the level of 43070 level which is market in chart and again i am telling you guys trade with only that much quantity which you can handle and not attached emotionally with it or you will be exit in 1-5 rupees and taking losses beyond your limit which is just a gambling. Hope you understand this market and learn something from it. Thanks
NSE:BANKNIFTYShort
by Green_Red_Blood
FASP levels for Bank Nifty 16/06/2023The FASP for BankNifty is listed for 16-06-2023. 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 15 Jun 2023BANKNIFTY Intraday Trade Setup For 15 Jun 2023 Buy-Above 44065 Sl-43960 T- 44225 44367 Sell-Below 43950 Sl-44055 T- 43780 43580 BANKNIFTY has closed with a slight cut of 0.21% today. nothing triggered as per trade setup and it was complete rangebound market. After 10 o'clock it traded within a tight range of 100 points. In hourly TF after the trendline breakdown it has not activated the lower level for downside trigger. 43870 is the hourly low, below which a good downside move will be activated. 44220 and 43870 is the hourly range. Its been almost a week index is stuck in this narrow range of 350 points. Swings will become medium length only when VIX moves above 14. Above 16 it will be a good momentum days. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44065 then we will long for the target of 44225 and 44367. For selling we need a 15 Min candle close below 43950. 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
Banknifty daily analysis for 15/06/23 (weekly expiry).Banknifty has consolidated whole day after the first hour fall. A bearish candle on the daily charts have been formed and has consolidated for 3-4 days in a range. The market has consolidated whole day in 60 points range. It constantly hit the hourly 20 EMA and faced rejection. There is much probability of a 300-400 points move either side as tomorrow is expiry. On 15 minutes chart, the market traded around the 20 EMA and closed below both the moving averages. Support:- 43940, 43820 Resistance :- 44120-170, 44435 Market has halted at the same levels for 3-4 day and the breakout/break down can give nice targets. Watch for confirmation of your setup and enter. Wait for the price action near the price levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
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