BankNifty shorting oppr with Inv Flag & Pole patternBNF has formed inv flag & pole pattern on 1H chart ahead of montly exp with heavy sell off today in last 1 hr....looks good for shoring opportunity
Bnf
BankNifty Intraday view for 27-07-2021Good evening all,
A sideways market is never a good sign. It means, indecision and a potential reversal. So, are we going to see a downtrend? Maybe, maybe not. Having said that, my view is still bullish for where it still is. So;
Long side view:
Buy above 35140
Target 1 - 35230
Target 2 zone 35350 - 35380
Target 3 - 35475
(Long SL - 35000)
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Short Side view:
Sell below 34630
Target 1 - 34575
Target 2 zone 34400 - 35350
Target 3 - 35300
(Short SL - 34750)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Banknifty 1H Time Frame Analysis Intraday 26-07-2021Banknifty 1H Time Frame Analysis Intraday 26-07-2021
*Just my views, not trading advice*
BankNifty Intraday view for 26-07-2021Good morning all,
Friday was like that Hindi movie where the Hero reaches his destination to vanquish the villain, only to find his mother tied to post and has to drop his weapon.... Our targets were missed just like that (~30 points on each side). But that's past and let's look ahead.
My view is bullish for tomorrow based on the current position of the index poised around 35K and will move to reach the reversal zone. So;
Long side view:
Buy above 35130
Target 1 - 35240
Target 2 - 35350
Target 3 - 35485
(Long SL - 35000)
--------------------
If it does move south.
Short Side view:
Sell below 34740
Target 1 - 34635
Target 2 - 34570
(Short SL - 34850)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Bank Nifty may fill the gap CMP 35050As per heavy put writing, BN may target 35300/35500 levels soon
BNF Next Moves - positional LongPlease refer to earlier ideas on BNF - Target 1 achieved, reversed from Target 1, couldn't breach SL. Now what next
NASDAQ and DOW futures are on ATH levels, Results season is on
The hypothesis is that when global markets are at an all-time high and Indian banks are publishing results soon. Market movers would very much like to take this opportunity to take BNF to new highs
SL - 34300
Target - 37200
risk-reward is very much favouring longs - do note its a positional trade
The analysis is based on certain hypotheses, so if Global markets come down heavily on profit-taking from ATH - it will hit SL very quickly
These are the levels that I would be trading
Safe Trading
BankNifty Intraday view for 23-07-2021Good evening all,
Today was a gap up opening of 200 points and gave us an entry on the long side level to meet our 1st & 2nd targets at 35000 (just 11 points shy of 35K). And, I am indecisive on a directional view for tomorrow as the no-trade zone for me is huge, ~500 points actually.
Outside of that;
Long side view:
Buy above 35000
Target 1 - 35125
Target 2 zone - 35325 to 35375
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Short Side view:
Sell below 34550
Target 1 - 34375
Target 2 - 34270
Above and below the 2nd target on either side, you will be happy to trail your SL. Also, for a good RR, of at least 1:1, your SL needs to be 100 points below the entry point.
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
BankNifty Intraday view for 22-07-2021Good evening all,
Tuesday again was a gap down opening of 150 points and gave us an entry at the short side level to meet all three targets in just about an hour and a half.
For tomorrow, I am basing a long view because the index is in a reversal zone on the daily as well as the hourly chart. Hence 34350 to 34675 remains a non-tradable zone
If it climbs north;
Long side view:
Buy above 34675
Target 1 zone - 34850 to 34900
Target 2 - 35000
Target 3 - 35125
(Long SL - 34575)
On the other side though (be very careful);
Short Side view:
Sell below 34265
Target 1 - 34150
Target 2 - 33930
Below this..... Well, let's just hope it does and we ride a wave.
(Short SL - 34350)
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
BNF Intraday view for 20-07-2021Good evening all,
All our levels were invalidated due to the huge gap down opening. Tomorrow we will probably see a range between 35800 and 34800 and on either side, the views are as follows;
Long side view:
Buy above 35140
Target 1 zone - 35300 to 35350
Target 2 - 35400
Target 3 - 35469
On the other side;
Short Side view:
Sell below 34850
Target 1 - 34700
Target 2 - 34630
Target 3 - 34525
On either side, 100 point stop loss is a good idea, providing you a RR of atleast 1:1
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Banknifty View : Intraday Levels for 20th July 2021Overview: Banknifty gapped down significantly on negative global cues. Looking at the sentiments we might see more downfall in upcoming sessions.
The view in the market has turned negative and the sell-on-rise strategy can be used for intraday trading.
So we can expect some really good moves tomorrow depending on if we sustain below the support levels.
Banknifty resistance level: 35265/35520
Only once we sustain above these levels then only we can see an upside move till 2nd level of resistance which is again very unlikely to happen.
Banknifty Support level: 34893/34631
If we go below the support levels and form a negative candle on 5 or 15 min we can short bank nifty for lower levels support, if we fall below 34600 levels then more panic selling can be seen in the market.
PLS LIKE , COMMENT YOUR VIEWS AND FOLLOW FOR MORE UPDATES
BNF Intraday view for 19-07-2021Good evening all,
Freaky Friday..... Do you agree? Like I had mentioned on Thursday, the market was going to be tricky and it was. We had to manually close the trade at 100 points.
Tomorrow is going to be no different, multiple swings over the past 2-3 sessions have created an immense amount of noise and hence doubt.
The best trade in this scenario is to NOT trade at all. Seriously... However, if you do want to;
Long side view:
Buy above 35860
Target 1 zone - 35950 to 36000
Target 2 - 36065
On the short side;
Short Side view:
Sell below 35600
Target 1 - 35500
Target 2 - 35450
Target 3 - 35365
On either side, 100 point stop loss is a good idea, providing you a RR of atleast 1:1
Again, I will want to re-iterate, Trade with extreme caution unless a clear move offers itself
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
BNF Intraday view for 16-07-2021Good evening all,
Finally..... Fort 35800 was breached and we climbed almost up to 36000 (15 points shy of the summit).
Tomorrow is a different day, and tricky at that. The noise on my chart suggests so. If the market carries its 'long' sentiment from the past 5 sessions then;
Long side view:
Buy above 36070
Target 1 zone - 36180 to 36200
Target 2 - 36400
Target 3 - 36500
However, if it goes south then;
Short side view:
Sell below 35800
Target 1 zone - 35650 to 35600
Target 2 - 35430
On either side, 100 point stop loss is a good idea, providing you a RR of at least 1:1
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
BNF Intraday view for 15-07-2021Good evening all,
Today we waited and waited some more for 35800 to be breached. But naaaa, not happening.
For tomorrow, the possibility of 'Long' is more than today with higher lows being made consistently and trend line being respected..... Very much.
But again.... it will need to break 35800;
Long side view:
Buy above 35800
Target 1 - 35935
Target 2 - 36000
However, if it breaks the trend line and goes down;
Short Side view:
Sell below 35600
Target 1 - 35430
Target 2 - 35365
Target 2 - 35300
On either side, 100 point stop loss is a good idea, providing you a RR of at least 1:1
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Banknifty View : Intraday Levels for 14th July 2021Overview: Banknifty gapped up significantly and continued trading above our resistance levels after a breakout of 35520 levels. We saw a very good upside move which propelled the index to 35710 levels.
So we can expect some really good moves tomorrow depending on if we sustain above the resistance levels.
Banknifty resistance level: 35797/36009
If we open flat, and sustain above 35710 levels and cross 35750 we can see an intraday spike on the market making it to 36k levels.
Banknifty Support level: 35520
Only if we form a price action below the support levels we can short BNF if we fall then it will be a panic one too.
EXPECTING GOOD MOVEMENT ON EITHER SIDE
Banknifty View : Intraday Levels for 13th July 2021Overview: Banknifty gapped up above the triangle pattern tested 35265 levels but was holding onto it when later there was a profit booking seen in both the indices and it took support on lower triangle bar.
So as expected it was a volatile day with the market making wild moves and taking support at lower levels.
Again the range is the same as yesterday and mentioned below. As the trendline is supporting below the lower trendline we can see a good fall if we sustain on 15 mins till 34894 and 34630 levels.
Banknifty resistance level: 35265/35520
If we open flat, and cross the triangle pattern on the upside then higher resistance levels can be tested but do not go aggressive buying until we have a closing above 35530 levels on the daily pattern.
Banknifty Support level: 34893/34630
Only if we form a price action below the triangle pattern, we can short BNF for lower levels of the target, but as 34630 is a good support zone we can see a good buying at that level.
PLS DO LIKE AND SHARE YOUR VIEWS ON THE CONTENT
Banknifty Long on Take Off Terminal !! :)Hello Friends Please find this Banknifty 2 Hours candle view. BNF on 7 times support channel seems its ready to fly!!
Banknifty View : Intraday Levels for 12th July 202112th July 2021 Analysis:
Overview: Banknifty trading in a tight zone as of now, new levels have been updated with the current volatility in the market.
Either it's a correction or a trend reversal. It's yet to be seen so we can have a view of not going on the long side as long as we are below 35520 levels. Once we are above then only look to buy else don't.
Banknifty resistance level: 35265/35520
If we open flat, and cross the triangle pattern on the upside then higher resistance levels can be tested but do not go aggressive buying until we have a closing above 35530 levels on the daily pattern.
Banknifty Support level: 34893/34630
Only if we form a price action below the triangle pattern, we can short BNF for lower levels of the target, but as 34630 is a good support zone we can see a good buying at that level.
DO SUPPORT AND LIKE & COMMENT IF YOU LIKE THE ANALYSIS :)
Banknifty View : Intraday Levels for 9th July 2021Overview: Banknifty gapped down today and we saw a cracking fall below the support levels of 35575 and tested below 35240 levels.
Either it's a correction or a trend reversal. It's yet to be seen so we can have a view of shorting in the market as long as we are below 35240 levels.
Banknifty resistance level: 35405/35575
If we open flat, we can see the selloff continue if we fall below 35240 and resistance can be found at 35405.
Banknifty Support level: 35076/34893/34629
Only if we form a price action below the support levels of 35240 we go short for the next levels of support.
BNF Intraday view for 08-07-2021Good evening all,
This is NOT a copy & paste from yesterday. Well, it is..... In a way that my view hasn't changed and levels haven't been breached.
With an ascending triangle forming at 35800, from here, if the market goes up, it will be as follows:
Long side view:
Buy above 35820
Target 1 - 36050
Target 2 - 36445
Target 3 - 36575
However in my view, it will touch the 36000 range and then probably drop back, and if it does, then;
Short Side view:
Sell below 35400
Target 1 - 35120
Target 2 Zone (35000 - 34900)
Target 3 - 34650
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Banknifty View : Intraday Levels for 8th July (Weekly Expiry)Overview: Banknifty opened above 35575 and went to hit our 1st resistance level of 35710 and after it continued to maintain that level for a long time and consolidated.
But we gave closing on the lower side due to profit booking at higher levels and NIFTY missed ATH.
The view is bullish and the trend is positive now as long as we are sustaining above 35100 levels.
Banknifty resistance level: 35904/36176
If we open flat and sustain above 35904 levels we can see a target of 36176 on an intraday basis, also tomorrow is weekly expiry so expect a volatile and sessions.
Banknifty Support level: 35575/35240
Only if we form a price action below the support levels of 35575 can we short BNF for the next level of support, but it is not recommended to short tomorrow.
We can see some good movements tomorrow so stay active and if the market goes past day high around 1 PM we can see a good expiry rally.
BNF Intraday view for 07-07-2021Good evening all,
Like I had mentioned in my weekly view, the target for 35700 was met today. from here, if the market goes up, it will be as follows:
Long side view:
Buy above 35820
Target 1 - 36050
Target 2 - 36445
Target 3 - 36575
However in my view, it will touch the 36000 range and then probably drop back, and if it does, then;
Short Side view:
Sell below 35400
Target 1 - 35120
Target 2 Zone (35000 - 34900)
Target 3 - 34650
*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., do spread the word.
Banknifty View : Intraday Levels for 7th July 2021Overview: Banknifty gapped up above 35240 levels and as expected we kept moving upward and all our given targets till 35710 have been achieved.
But we gave closing on the lower side due to profit booking at higher levels and NIFTY missed ATH.
The view is bullish and the trend is positive now as long as we are sustaining above 35100 levels.
Banknifty resistance level: 35575/35710
If we open flat and go past 35575 on forming a bullish candle in 15 mins we can buy BNF for the next level of resistance.
Banknifty Support level: 35405/35240
If we gap down and start to trade lower then we might see a fall and support can be found at 35405 and 35240 levels, so buying is suggested around 35240 levels, Keep an eye.
Mostly tomorrow can be a wait and watch day, let the market decide if it sustains the support or not.
PLEASE SUPPORT BY LIKING AND SHARING IDEAS IN THE COMMENT SECTION
