Today flat or slightly gap up opening expected in banknifty. After opening it will trade in between range of 36000-36500 level. Further downside possible if banknifty starts trading below 35950 level in today's session. Above 36550 level expected upside 400-500+ points rally upto 36950+ level.
BankNifty opened flat, we saw selling in morning BankNifty took support near 35900 zones and gave up-move towards 36350 which was also our Buying level but it couldn't sustain at upper levels and broke morning lower range in the second session.
Trades we took today -
> Bought BankNifty 36100 PE at 380 which made a high around 480 and Traders booked good Profit...
BANKNIFTY Intraday Trade Setup For 07 Dec 2021
Buy-None
Sell-Below 36690
Sl-35700
T-35526 35380 350100
BANKNIFTY has closed below 36000, so 36000-36040 will act as an resistance, consider a short trade from this area.
best scenario to trade is if index opens flat and crosses 36690 then short then short for the target of 35380.
Below 35300 index will fall freely...
Hello Traders,
Strategy to follow : Buy on Dips at Support of 35500 and Sell on Rise at 36000 levels.
Please trade accordingly the levels marked.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment...
BankNifty opened flat and we saw a sharp up-move in the morning but it couldn't sustain at higher levels and we again saw selling near the trendline.
Trades we took today -
> Bought BankNifty 36700 CE at 430 which made a high around 530 and Traders booked good Profit in this Trade
> Bought BankNifty 36700 CE again at 390 which we booked at the cost
> Bought...
Good evening all,
Last week:
We were able to achieve our 1st target within a mater minutes on Monday and then snuck into the range we had marked between SL and Target.
This week:
The range this time is huge, 2000 points and may see the week within that making us wait and watch. On either side 37200 and 35300m the RER is good and make us earn between 300-500...
BANKNIFTY Intraday Trade Setup For 06 Dec 2021
Buy-Above 36300
Sl-36200
T-36500
Sell-Below 36000
Sl-36100
T-35900 35800
Selling would be much safe to trade , below yesterday's low . 36000 is being tested frequently and 36900 is also being tested in the higher side. We will get moves on the range shift.
Today will be flat opening expected in banknifty. After opening if banknifty starts trading and sustain above 36550 level then possible upside rally of 400-500+ points upto 36950 level. Any downside only possible if banknifty not sustain above level and starts trading below 36450 level. Downside 36050 will act as an important support for today's session.
Nifty Bank on a chart of 15 minutes time-frame
Not always you can use candlesticks to read something that's being written on the charts
So, this be treated as an attempt to read it using another tool, this time it is baseline
Trying to keep it simple and readable enough there is an upward journey, a destination point and again a downward travel, In the...
BankNifty opened flat, we saw selling in the morning but the 37180 zones acted as support, and BankNifty has shown great recovery from lower levels though it was a Range-Bound day.
Trades we took today -
> Bought BankNifty 37400 PE at 240 which we booked with 60 points profit at 300
> Bought BankNifty 37200 CE at 220 which made a high around 318 and Traders...
Bank Nifty Trade Plan for 03 Dec 2021 - Friday
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Bank Nifty is trying reverse on the Up Side, Lets see how market supports.
Today we can expect small Gap down / Sideways open and We can expect Trending day.
First level of support is - CPR Zone 36400.. you can look for...
BankNifty opened with a minor Gap-down and after consolidation in the morning, we saw a good upmove. Though BankNifty was underperforming Nifty we saw a good move in the last 2 hours.
Trades we took today -
> Bought BankNifty 36100 CE at 330 which we booked with 70 points loss
> Bought BankNifty 36100 CE again at 300 which made a high around 400 and Traders...
Price has made extreme high, and impulse moves have started a correction. According to Elliott wave price confirmation, Safe traders can enter when the price breaks wave B at 40160 .
Sub-wave C of wave 4 is about to complete. If price breaks wave B, It has the potential to make a new high.
At present, the price has neither made higher-lows nor sub-waves of...
If the Support in 1hr tf breaks then channel pattern also breaks then we can see huge movement tomorrow or else we can take that as a support to bounce back
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(06/12/2021)](https://s3.tradingview.com/r/RE8g1mVm_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(06/12/2021)")
![BANKNIFTY: [INTRADAY] #BANKNIFTY PE & CE Levels(03/12/2021)](https://s3.tradingview.com/7/7Fid9GbY_mid.png "[INTRADAY] #BANKNIFTY PE & CE Levels(03/12/2021)")
