The global market indicates a neutral start. market nature is slightly bearish. It may start with neutral. After that, if the market takes a pullback, then we expect the range bound to pullback continuation. On the other hand, if the initial market declines sharply, then it will fall further.
Banknifty Price Action Trading Strategy
Support Zones
Frist Support Level For Buying - 41921 - 41951
Second Support Level For Buying - 41645 - 41690
Third Support Level For Buying - 41365 - 41395
Resistance Zones
First Resistance Level For Selling - 42360...
BANKNIFTY Intraday Trade Setup For 20 Jan 2023
Buy-Above 42385
Sl-42275
T- 42555 42730
Sell-Below 42230
Sl-42340
T-42040 41860
BANKNIFTY has closed on a bearish sentiment with 0.3% cut today. Today it opened with slight cut due to US market sell off last night. Since opening it was almost firm. Whole day it traded on a sideways note. Sell triggered as per trade...
DISCLIMER
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your...
BANKNIFTY Intraday Trade Setup For 19 Jan 2023
Buy-Above 42560
Sl-42450
T-42730 42911
Sell-Below 42355
Sl-42465
T-42110 41860
BANKNIFTY has closed on a bullish sentiment with 0.53% gain today. Today it opened almost flat and as per last day's trade setup buy triggered above 42310 and hit 1st target very smoothly. This trade gave more than 240 points gain...
From 5th January onwards we have seen that Banknifty is stuck between 41720 - 42745 is creating a sine wave pattern.
If we look at banknifty chart in a broader time frame we will see that price is consolidating in this range preparing for a breakout to a new Banknifty high.
SCENARIO 1
If we see a gap up and Banknifty opens above or around 42745 then we may see...
The global market indicates mixed sentiment. market nature is slightly bullish. The market starts with neutral. After that, if the market breaks immediate resistance, then we will expect a rally continuation. On the other hand, if the initial market decline sharply, then it will take consolidation to correction.
BANKNIFTY Intraday Trade Setup For 18 Jan 2023
Buy-Above 42310
Sl-42200
T-42510 42710+
Sell-Below 42055
Sl-42165
T-41860 41675
BANKNIFTY has closed almost on a flat note today. It just closed with 67 points gain. Daily candle looks like a pin bar which shows bullishness. Bullish sentiment will continue above today's high. Incase its low is broken and sustained...
What we have seen in the last few trading sessions is that Banknifty is facing getting strong support between 41720 - 41928 and 42745 is acting as strong resistance.
If we see gap up on Banknifty and price stay above 42400 in first half then we can see a movement till 42745
✅ BANKNIFTY SUPPORT AND RESISTANCE LEVELS
SUPPORT ZONE - 41720 - 41928
RESISTANCE 1 -...
BANKNIFTY Intraday Trade Setup For 17 Jan 2023
Buy-Above 42460
Sl-42350
T-42700 42950
Sell-Below 42060
Sl-42170
T-41885 41710
BANKNIFTY has closed on a bearish sentiment with 0.48% cut today. It opened with a gap up directly at PRZ plotted 42700. A dot reversal was seen from there. It opened with a decent gap up and we already planned that we will trade on 10...
BANKNIFTY Intraday Trade Setup For 16 Jan 2023
Buy-Above 42455
Sl-42345
T- 42590 42730 42900+
Sell-Below 42260
Sl-42370
T-42050 41885
BANKNIFTY has closed on a positive note with 0.69% gain on Friday. After forming a base at 42700. Now 42700 is very important, breakdown will initiate a larger slide in the coming days. Last day it has closed near day high which...
Banknifty Support and Resistance for Option Buying
Support Zones
Frist Support Level For Buying - 42360 - 42370
Second Support Level For Buying - 41921 - 41951
Third Support Level For Buying - 41648 - 41677
Resistance Zones
First Resistance Level For Selling - ...
Good morning everyone. We have Pongal festival, I will not be able to post on those days. Hence this pre-post. The global market has a positive sentiment. The market nature is bullish. It may open with neutral to slightly positive. After that, if the market breaks the previous day's high, then we will expect a minor pullback. On the other hand, if the initial...
The global market indicates a positive start. Market nature is slightly bearish. It may start with neutral to gap-up. After that, if the market sustains the start, we will expect a solid rally. Thereafter, if the market rejects around the major resistance (swing high to 78%), then we will expect a correction. On the other hand, if the initial market rejects...
BANKNIFTY Intraday Trade Setup For 13 Jan 2023
Buy-Above 42135
Sl-42025
T- 42340 42565 42800
Sell-Below 41950
Sl-42060
T-41740 41348 41000
BANKNIFTY has closed on a slight bearish note with 0.36% cut today. It was another volatile day with volatile swings. As per trade setup, sell triggered below 42000 and hit 1st target. This trade gave more than 250 points....
The global market indicates a positive start. market nature is slightly bullish. It may start with a gap-up. After that, if the market sustains the gap-up, we will expect min 78% fib level. it's a major resistance, if the market rejects around 78% then we will expect a correction. On the other hand, if the initial market declines sharply, then we will expect a...
BANKNIFTY Intraday Trade Setup For 12 Jan 2023
Buy-Above 42320
Sl-42210
T- 42550 42800
Sell-Below 42000
Sl-42110
T-41730 41355
BANKNIFTY has closed on a slight bullish sentiment with more than half percent gain. It has closed near day high which is a bullish sign. This bullishness will continue above today's high. Decent contraction has happened in today's...
