Intraday
BANKNIFTY LEVELS 17/04/2023BANKNIFTY ANALYSIS WITH LOGIC:
1. If there's gap up or flat opening price should retest 42105 or 41920 levels
2. If price gets reversal from those from those two levels with 15m bullish candle. we can take long position upto 42820 by maintaining trailing stoploss.
3. On today's intraday session banknifty is stronger when compared to nifty.
4. Consolidation may occur in between 42105 - 41920 levels
Have a safe and profitable day :)
My big loss 2,18,000/- IN EXPIRY 13-4 Stoploss Vs. Account closeLearning topic : Learn from your loss
Be flexible in market movement do not attach to one setup only, Always take seriously your stoploss do not ignore your loss target.
If your back testing movement is accurate for 70% then also real market movement can wipe your 30% and you can have a big loss which will make your funds to 00.
When such situation comes where you make your funds 00, after that take gap for atleast 4-6 weeks to gain confidence as without stable mind you cannot trade properly.
BANKNIFTY LEVELS 13/04/2023 BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering those levels bank nifty is weak when compared to nifty,
2. Maximum range boundness can be seen during first half session in between 41600- 41412 levels.
3. If there's slight gap up price should get reversal from 41660 level with strong 15m bearish candle therefore we can short up to 41412 level by maintaining trailing stoploss.
4. Option buyers be careful during today intraday session as we can expect heavy decay.
Have a safe and profitable day :)
BANKNIFTY LEVELS 10/04/2023BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering the new levels if there's flat opening and gets reversal from 41100 level with strong bearish candle. We can short up to 40820 level.
2. If there's gap up opening price may create range boundness in between 41270 - 41100 levels.
3. Maintain proper stoploss while placing trades in options.
4. Remaining will update during live market.
5. Range boundness can be seen during today's intraday session.
Have a safe and profitable day.
Simple Trade Setup | BANKNIFTY | 10-04-2023 [INTRADAY]NSE:BANKNIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown.
All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL.
Good trade setup with good Risk reward will be only if we enter from any of zone.
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Trade Setup for 10-04-2023
Most of all the levels and zones remains same as per previous.
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
BANKNIFTY LEVELS 06/04/2023BANKNIFTY ANALYSIS WITH LOGIC:
1. If there's flat opening or gap up price will get reversal either 41135 level or 41260 level, if it gets reversal from these levels, we can short up to 40690 level.
2. If those price breaks 41260 level with strong bullish candle, then only will take long position.
3. Maintain trailing stoploss during trade due to options weekly expiry.
4. I will update further information during trading session.
5. Those analysis is only for today intraday session not for long term.
Have a safe and profitable day.
BANKNIFTY LEVELS 05/04/2023BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering same levels price must retest 40690 level with 15m bullish candle. then only we will take long side position up to 41260.
2. Don't expect big movement on today intraday session.
3. Consolidation may occur try to maintain trailing stoploss for buyers,
4. If price breaks 40690 level downwards, we can short up to 40420 level.
Have a safe and profitable trading :)