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Bankniftytradeplan

BANKNIFTY Intraday Trade Setup For 17 Jan 2022BANKNIFTY Intraday Trade Setup For 17 Jan 2022 Buy-Above 38600 Sl-38500 T-38700 38800 Sell-Below 38270 Sl-38370 T-38155 38000 BANKNIFTY is a bit weak compared to NIFTY. We planned to short below 38370 in Friday's trading session. Index opened gap down below our sell level. But As soon as came to our sell level our short trade triggered and index fell more than 350 points which was too good profit. In the second half trading session index broke the intraday trendline resistance and shown a V shape recovery. We will buy aggressive only if we get closing above 38600 in 15 Min TF. Otherwise I would like to sell first from that level if I get any negative candle there. Index can pullback till 37550-37700 as discussed before. The rest move will be seen below 38000. Weekly Range is 39000 in the upside and 38000 in the downside.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 11 Jan 2022BANKNIFTY Intraday Trade Setup For 11 Jan 2022 Buy-Above 37400 Sl-38300 T-38550 37800 Sell-Below 37980 Sl-38080 T-37750 37600 BANKNIFTY has closed in a positive note. Took support from 38000 and shot till 38400. We have been long from 35500 levels. Its time for profit booking. First of all book the longs or trail tightly. We will re-enter after a pullback. 38550 is the area will target for tomorrow if we get buying opportunity above 38400.38550-38570 will act as an resistance. For selling we need price action below 38000 in 5 min TF. Till then no aggressive shorts. A big gap will result in profit booking. The 1st 5 Min candle low will be important. Will ignore buying if opens with a big gap up. Best trade will be on flat opening.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday trade Setup For 24 Nov 2021BANKNIFTY Intraday trade Setup For 24 Nov 2021 Buy-Above 37300 Sl-37200 T-37575 Sell-Below 37000 Sl-37100 T-36900 36700 Index has shown good upside momentum in today's trading session. This move can continue till 37570-37600. For Selling 37000 is the level to short. Build your short from 37000 add more if 37900 is broken for the target of 36700. If 36640 is broken then again free fall will be seen in index. 37600-37660 will act as an resistance .Consider shorting from this levels if we find any breakdown.
NSE:BANKNIFTY
by Omahto