Get started

Bankniftyprediction

BANKNIFTY Intraday Trade Setup For 23 Jun 2023BANKNIFTY Intraday Trade Setup For 23 Jun 2023 Buy- Above 43860 Sl-43755 T- 44040 44280 Sell-Below 43660 Sl- 43765 T- 43465 43270 BANKNIFTY has closed on a bearish note with 0.31% cut. Hourly range has been updated last week only. Till the time we are inside 43390 and 44500 in hourly TF. It was said last week that we will see sideways momentum till we give hourly breakout. Range trading is all about buying from support and selling from resistance. Today buy triggered as per trade setup which hit sl then it turned full volatile inside previous day's range. 43860 and 43660 are important levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43860 then we will long for the target of 44040 and 44280-300. For selling we need a 15 min candle close below 43660. T- 43465 and 43270. 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 22 Jun 2023BANKNIFTY Intraday Trade Setup For 22 Jun 2023 Buy-Above 43950 Sl- 43845 T- 44130 44315 Sell-Below 43690 Sl-43795 T- 43514 43330 BANKNIFTY has closed with slight bullish sentiment with 0.21% gain today. Buy triggered above 43825 and gave around 100 points and closed almost at our buy level. Tomorrow can be a good trending day in both the direction above and below the key levels 43950 and 43690. Good momentum will be on breakout of this range. In between this 250 points zone it will sideways with noisy moves. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43950 then we will long for the target of 44130 and 44315. Extended T- 44510. For selling we need a 15 Min candle close below 43690. T- 43514 and 43330. 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
1
Banknifty analysis for weekly expiry 22/06/23.Banknifty has been trading in a single candle for 4 days. It has closed near the Daily 20EMA. Market has been respecting a trend line and it taking serious rejection from the line. Its break out can give recent high 44500 as target. A kind of cup and handle is also being formed, on the hourly charts, and bullish moving averages cross over is also there. On 15 minutes time frame, there is also bullish moving average cross over, and market has closed above both moving averages. Support :- 43700, 43400 Resistance :- 43910, 44050 Wait for the price action near the levels before entering the market. If Nifty breaks the ATH, there are chances of Banknifty travelling to its recent high and even form a new ATH.
NSE:BANKNIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 21 Jun 2023BANKNIFTY Intraday Trade Setup For 21 Jun 2023 Buy-Above 43825 Sl- 43720 T- 44100 44315 Sell-Below 43560 Sl-43665 T- 43330 43075 BANKNIFTY has closed on a bullish note with 0.3% gain today. It opened flat and sell triggered below 43500 and almost hit our 1st target . Trade gave more than 150 points gain. Later it gave a reversal above 43480 , ended with a bullish sentiment by closing at day high. Today hourly range low - 43390 was tested but none hourly candle closed below that. Now fresh level is 43340. Breakdown of this will give us the next round of selling. 43825 and 43560 are the important levels for tomorrow's session. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 43825 then we will long for the target of 44100 and 44315. For selling we need a 15 Min candle close below 43560. T- 43330 and 43075. 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 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