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BANKNIFTY Intraday Trade Setup For 22 May 2023BANKNIFTY Intraday Trade Setup For 22 May 2023 Buy-Above 44021 Sl-43915 T- 44305 44555 Sell-Below 43790 Sl-43900 T- 43530 43290 BANKNIFTY has closed on bullish note last day and week with 0.5% and 0.4% gain respectively. Last week it traded within a range of 750 points. 44160 and 43440 are important levels and hourly range. Breakout of this range will give us a directional move. Last day it formed a pin bar candle in daily TF. So we can expect a good up move above last day's high- 44021. Below 43440 we will initiate a bigger pullback/down move. If we sustain above 44160 then we may hit 45025 in the higher side. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44021 then we will long for the target of 44305 and 44555. For selling we need a 15 Min candle close below 43790. T- 43530 and 43290. 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 Levels for 22-05-2023In Bank Nifty Upper side 44075-44150 is Important Level and Lower Side 44750 is important level. Previous day nifty has closed @ 40981 @ Near downward Trendline. Disclaimer: Content shared on or through our digital media channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
NSE:BANKNIFTY
by easi2invest
BANKNIFTY Intraday Trade Setup For 19 May 2023BANKNIFTY Intraday Trade Setup For 19 May 2023 Buy-Above 43930 Sl-43825 T- 44150 44355 Sell-Below 43670 Sl-43775 T- 43450 43240 BANKNIFTY has closed with a slight positive gain today. Till now it has not closed below PDL after hitting our ATH target. If it closes below PDL and that red candle's low is breached then will book completely and this will initiate the pullback/down move. Today it opened with a big gap up and 10 o'clock range broke downside below 43844 and gave more than 170 points gain. 43930 and 43670 are important levels. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43930 then we will long. T- 44150. above 44155 it will test 44355 and 4455. For selling we need a 15 min candle close below 43670. T- 43450. Below 43440 it will test 43240 and 43000. 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
#BankniftyGood morning! As of May 18th, the global market has shown a positive start with a bearish market nature. There may be a gap-up at the beginning, and there is a possibility of a sub-wave 4th. So, if it sustains, we can expect a minor three-wave structure. After that, if it rejects in the key zone, we can expect the 5th wave on the downside. However, the minor pullback shouldn't break the fib level of 78%. On the other hand, if the market declines sharply at the start, we can expect a 5th correctional wave.
NSE:BANKNIFTY
by Manickamtraders
FASP levels for Bank Nifty 18/05/2023The FASP for BankNifty is listed for 18-05-2023. 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