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Bankniftytrendanalysis

#Banknifty Trading Plan for 28 Jan 2022Today's I'm bullish on Banknifty. Expecting a really good move ahead which should be caught by my system; here's what it looks like. In this chart we've marked 2 price levels which have been determined based on previous day high ( PDH ) and previous day low ( PDL ) of Banknifty . The zone between these two price levels is a strict "No Trade Zone". If Banknifty crosses/opens or stays above the PDH , we will be looking for long opportunities and if Banknifty crosses/opens or stays below the PDL , we will be looking for short opportunities. Given that it is has given a gap-up opening above PDH - for now I am looking only for long opportunities. Entry criteria: Bullish case: Breakout to be followed by retracement which in turn would be followed by a 5 minute candle close above the DAY HIGH. Since the market has already opened with a gap now I will only be looking for a retracement followed by Day High Breakout. Bearish case: Breakout to be followed by retracement which in turn would be followed by a 5 minute candle close below the DAY LOW. Stop Loss criteria: Ideally the stop loss should be palced just below (in bullish case) or just above (in bearish ) the nearest retracement on the spot chart; this is a just a guide though - in some cases you might actually have to deploy your own discretion. Assuming you're trading at-the-money (ATM) options - the stop loss wouldbe half the stop loss on the spot chart of Banknifty . Take profit criteria: ATM Option Buying (Next Week Expiry): Enter with 2 lots. Exit lot number 1 at 1:1 RR. Once 1:1 RR is hit, set Stop Loss of lot 2 to cost and take profit of the same at 1:3 RR. ATM Option Selling (Current Week Expiry): Enter with 2 lots. Exit lot number 1 at 1:1 RR. Once 1:1 RR is hit, trail profit in lot 2 with the help of 15 EMA on the option chart; exit lot 2 on 5 minute candle close above 15 EMA . Please note the given zones are valid only until the end of the day. Any open positions must be closed by 15:20 PM IST.
NSE:BANKNIFTYLong
by abhineetramjiwal
BANKNIFTY Intraday Trade Setup For 28 Jan 2022BANKNIFTY Intraday Trade Setup For 28 Jan 2022 Buy-Above 38200 Sl-38100 T-38400 38570 Sell-Below 37700 Sl-37800 T-37500 37400 BANKNIFTY opened with a very big gap down today. Our sell level was 37300 index hit our sell level and fell till 370060 in the 1st 30 min. Index took support from 37000 and bounced till 38000. This move was also captured when intraday trendline resistance broke after 12:15 . Coming to tomorrow's trade we will once again but above today's high just need a closing in 5 Min TF. target will be around 38500 level. For selling 37700 is important. We can plan to short below this for a target of 200-300 points. No aggressive selling in BANKNIFTY as of now. For bullish trade prefer trading BANKNIFTY than NIFTY. Since last two trading session index is following the same behaviour. Try to enter in pullback after the trendline breakout.
NSE:BANKNIFTY
by Omahto
Banknifty Intraday Levels Analysis, 27th JanHello Traders, Strategy to follow : 1.Buy on Dips near Support Level. Please take the trade according to the levels marked, with Stop Loss. 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 section. Please give a like, it motivates me to do analysis and do share with your friends as well.
NSE:BANKNIFTYLong
by kiranrshinde
BANKNIFTY Intraday Trade Setup For 13 Jan 2022BANKNIFTY Intraday Trade Setup For 13 Jan 2022 Buy-Above 38860 Sl-39760 T-39057 39190 Sell-Below 38600 Sl-38900 T-38500 38400 38300 BANKNIFTY has formed a doji candle in daily TF. This doji candle has been formed at 0.618 level . For tomorrow's trading session the low and high of today's trading session is the trigger to initiate a trade either side. If today's high is breached then 39000 will be tested tomorrow. And if low is breached then index will test 38400 and 38300 levels. A big gap up can trigger profit booking in tomorrow's trading session.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 10 Dec 2022BANKNIFTY Intraday Trade Setup For 10 Dec 2022 Buy-Above 37850 Sl-37750 T-38100 38300 38550 Sell-Below 37400 Sl-37500 T-37200 37000 On Friday we discussed that index may trade between 38000 and 37000. But BANKNIFTY tried to break the upper range but eventually came down and it is once again in the range of 38000 and 37000. No aggressive short position as of now. Till we get price action below 37000 for a short trade. While we will buy above from two levels- one above 35200 and second above 37850. 38550 will be tested if index sustains above 38200.
NSE:BANKNIFTY
by Omahto
3
Entry Plan for BANKNIFTY 56000 Target We have completed 5 Wave move Up since Covid Fall and now in making of 5-3-5 Corrective pattern ((A)) ((B)) ((C)). Its too Early to confirm Connector ((B)) is completed however assuming it is done, we can now expect making of wave ((C)) Black is in process and we can have entry planned @ 31080 Level with target to en-cash Next Up move of Wave III red. Trade Plan : Well In advance Entry : 31080 Stop Loss : 27000 Target : 56000
NSE:BANKNIFTYLong
by profitadda
7
BankNifty view for the week of 20th - 24th DecemberGood evening all, Last week: We saw a the continuation down after a pull back from the previous one. This was necessary and a good one of between 50% and 61.8%. This provided us a good structure on both sides for the last week and next. This week: Our entry point is below 34800 with a potential target of 800 points on the short side. On the long side, we wait for 38000 to be breached for a target of 200 points/ But not a good RR ratio there. *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., hit like, follow me, and do spread the word.
NSE:BANKNIFTY
by ChartMantra
2
Why Bank nifty fall today?? Hello Everyone, Here You can see on chart bank nifty today panic fall from top, but why??? last 2 days market in Bull run...then why panic fall today??? so, don't worry I am here for analysis why fall..... 1) First you see market fall continue previous days and made Triple Bottom on chart you can see, 2) Then market Next open Gap up and Continue move upside and you should see on daily chart first Big Red candle and next day open Gap up and closed previous day high, so well if you understand candlestick pattern so you know already right?? 3) And also Bottom trendline support.. 4) you see there is flag pattern and breakout and today open gap up(There are two chances market open gap down because fear of omicron virus and gap up because flag breakout and also had weekend so no idea Monday where open Gap up or gap down), so its better to no carry position on weekend if you want peace of enjoy so.. haha.. well its depended upon you 5) Now, market open gap up but where open?????? direct nearest use resistance major trendline.. if you know that so hope you did not take buy position otherwise you know what happen next... market open gap up and broken use resistance trendline, its impossible without and good news to support market but today no news and market respect resistance and panic fall.. my suggestion is only one if you don't know TA so first learn deeply, and do paper trading so that you understand market sentiment.
NSE:BANKNIFTYEducation
by POWER_OF_STOCK_ANALYSIS
BankNifty view for the week of 15th - 19th NovemberGood evening all, Last week: The range we had marked between 40160 and 38400 ws well respected by the index and did not allow us any entry. Primarily all the profit booking that for buying that started in September & October. This week: Again the levels allow us entry ONLY after 40160 on the 'long' side and below 38000 on the 'short' side. Why 38000? Look at the dynamic trend line crossing through. A break down of that will give us a move of 500 points and then 500 some more. *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., hit like, follow me, and do spread the word.
NSE:BANKNIFTY
by ChartMantra
4
Bank Nifty Trade Plan for 15 NOV 2021Bank Nifty Trade Plan for 15 NOV 2021 Bank Nifty traded in a very tight range in the previous session and formed a inside day bar on the daily time frame waiting to explode. In case Bank Nifty opens gap up above 18831 and sustains then we can expect BN to test 38900 levels as first target. In case 38930 is taken out we can expect BN to test 39047/39100 levels. If weekly resistance of 39125 is taken out we can also expect next resistance around 39400 which is unlikely to test on same day. In case BN finds resistance around 38831 levels we can expect BN to test previous session closing price & CPR which will be our shorting targets. 38636 is a strong support for Bank Nifty, if that supports holds good & BN trades above CPR we can again look for possible long opportunity with first target of 38831. In case if CPR is compromised then we can look for shorting opportunity with possible target of 38500.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
1
Bank Nifty Trade Setup for 09 Nov 2021Bank Nifty Trade Setup for 09 Nov 2021 Bank Nifty had managed to close above 39400 levels showing good strength. In case BN open flat and pull back to CPR finds a support, we can go long with first possible target of 39600/39700. In case of 39650 taken out and sustains we can expect possible next target possible targets as marked on charts. We can expect some shorting opportunity only if 39234 is compromised and forms a resistance.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
3
Nifty Bank Futures Key Trading Level for 9th Nov 2021 Nifty Bank Futures Key Trading Level for 9th Nov 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:BANKNIFTY1!
by sbkurandwad77
Bank Nifty Trade Plan for 04 OCT 2021Bank Nifty Trade Plan for 04 OCT 2021 Bank Nifty traded in a very narrow range in the last session and managed to close above the next day CPR levels showing some signs of pull back. Bank Nifty likely to open with a small gap up opening. 37342 is the first resistance to watch out, if that is taken out successfully we can expect Bank nifty to find resistance from previous session Virgin CPR levels which is our Bullish Breakout zone of 37458. If break out is confirmed we can expect possible Target 1 & Target2. In case CPR is compromised we can expect possible Breakout zone 36994 & lower Target1 & 2.
NSE:BANKNIFTY
by RaviChandran_Rajkumar
Bank Nifty Trade Plan for 29 Sep 2021 Expect Bank Nifty to open gap down. Global weakness withnessed in the last trading session and expecting nifty to open gap down. Key levels on the lower side to be watched out are Bullish Reversal of 37653 and 37361 levels, Any of the these levels compromised on the lower side we can can expect BN to test out Target 1 and Target 2 (37 K levels). If that is compromised we can expect 36530 to be tested on the lower side. Very Narrow CPR and India VIX on high , expect some good volatile market and trade safe.
NSE:BANKNIFTY
by RaviChandran_Rajkumar