BANKNIFTY FOR 08 JANResistance Level-
Resistance 1: 48185
Resistance 2: 48373
Resistance 3: 48594.45
Support Level-
Support 1: 47887
Support 1: 47677
Between 47887 to 48373 don't aggressive . After 48372 breakout you can see a good move till at least 48594 level .
Scenario Happen:
Market will open between 47887 - 48373 then it will be side base market.
If open below trendline ( near 47897 )then a down move we can see till 47677 level.
If open near about 48400 and make green candle then wait for settle between 48373-48400. we will bullish for intraday basis.
Niftybank
How to make position on BankNifty on 5th Dec - Trade AnalysisMarket open at 53 point high after create a red candle in 15 min. First 45 min price consolidate near resistance. after that a big red candle and a good down move we can see till 14:15.
Why breakdown why not breakout ?
If we can see from 4th January's 12 pm see green candle's volume is decreasing but price is increasing.
Here Red candle's volume is increasing.
MACD indicate bearish divergency in 15 min.
If we can see OI data Here we can see CE writing is increasing and PE writer exiting there position.
If we can see future chart here clearly indicate squire off future position also after 10.42. (Getting More Confirmation) .
All This combination indicate a short covering is coming in market. That's all.
After Taking trade when you have to book profit?
You can see a trend line . when ever price touch or near about trendline you can book your position.
How can I take position when up move come ?
See after a downfall when price increase and cross the trendline (Orange color).After that you can a long position till resistance (48178) . That's all.
Remember one things we have to follow our risk management and believe in price nothing else.
BANKNIFTY Intraday Trade Setup For 05 Jan 2023BANKNIFTY Intraday Trade Setup For 05 Jan 2023
Bullish-Above 48290
Invalid-Below 48180
T- 48589 48920
Bearish-Below 47940
Invalid-Above 48050
T- 47620 47259
BANKNIFTY has closed on a bullish note with more than 1% gain today. Buy triggered as per trade setup above 47800 and hit first target very smoothly. Trade gave more than 400 points gain. Momentum was quite strong which tells that the current trend is in buyers hand, just check the last 2 days momentum in the downside. Tomorrow once again there can be good bullish move above 48290. For a bearish action it has to sustain below 47940.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 48290 then we will long for the target of 48590 and 48920.
For selling we need a 15 Min candle close below 47940. T- 47620 and 47260.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 4 Jan 2023BANKNIFTY Intraday Trade Setup For 4 Jan 2023
Bullish-Above 47800
Invalid- Below 47690
T- 48178 48510
Bearish-Below 47550
Invalid-Above 47660
T- 47260 46900
BANKNIFTY has closed almost on a flat note with a minor cut of 0.12%. Sell triggered below 47680 which ended near cost EOD. There was a sharp bounce from round level 47500. So bulls will give up below 47500 and may invite bears to take charge again. It has formed a Pinbar candle which indicates a bullish sign so above today's high there can be good bullish move. Probability of a BANKNIFTY bottoming out from 47400 zone is high.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47800 then we will long for the target of 48178 and 48510.
For selling we need a 15 Min candle close below 47550. T- 47259 and 46900.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 03 Jan 2023BANKNIFTY Intraday Trade Setup For 03 Jan 2023
Bullish-Above 48070
Invalid-Below 47960
T- 48510 48920
Bearish-Below 47680
Invalid-Above 47790
T- 47260 46900
BANKNIFTY has closed on bearish note with almost 1% cut today. On 28 Dec EOD it was discussed in the trade setup that index has formed a spinning top candle which can be a sign of bearish reversal below its low. Since then index is on correction mode. Next important support lies near 47100 zone. Coming to intraday it is bold bearish candle in daily TF so index has to sustain above 48070 which is the last line of defence (0.618). On a flat opening best trade will be in sell side below 47680.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 48070 then we will long for the target of 48510 and 48920.
For selling we need a 15 Min candle close below 47680. T- 47259 and 46900.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bank Nifty Futures Analysis for 2nd Jan 2024Bank Nifty is in good Support zone
Today market was side base except last move. From 27 December 2023 -1 January 2024 it create a support Zone. Today we can see a fake breakout at14:15.
Reason behind the reason:
Volume was very not supporting the price.
Also MACD was indicate downtrend for the day.
If we see Option data at the time of price increase but CALL Open Interest in negating and PUT OI not adding .(Big money just square off his position nothing else)
So it's purely indicate that at 48800 we can short our position.
Tomorrow view:
if market open near 48405 we will wait. Side base market is not for option buyer.
if market open near about 48600 then we will find position after taking support at 48405 .
If market open below 48405 then after 48200 and creat a bearish candle at 15 or 30 min or price wait for 10-15 min near 48405 in 5 min timeframe candle after that we can see a bearish move.
BANKNIFTY Intraday Trade Setup For 01 Jan 2023BANKNIFTY Intraday Trade Setup For 01 Jan 2023
Bullish-Above 48390
Invalid-Below 48280
T- 48785 49185
Bearish-Below 48090
Invalid-Above 48200
T- 47710 47315
BANKNIFTY has closed on a bold bullish note last month with 8.57% gain. Its a very strong closing in weekly TF too. It has given a pullback move in the last 2 sessions. Breakout of this channel pattern will initiate an impulse. It has to sustain above 48400. However momentum will come above Friday's high. Expected move can be 500 points. 48090 is equally important for downside. 49185-200 and 47315 are important resistance and support zone.
Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 48390 then we will long for the target of 48785 and 49185.
For selling we need a 15 min candle close below 48090. T- 47710 and 47315.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Happy New Year In Advance
BANKNIFTY Intraday Trade Setup For 29 Dec 2023BANKNIFTY Intraday Trade Setup For 29 Dec 2023
Bullish-Above 48650
Invalid-Below 48540
T- 49025 49440
Bearish-Below 48340
Invalid-Above 48450
T- 47952 47575
BANKNIFTY has closed on a bullish note with 0.47% gain today. It opened above our buy level with a gap up. 10 O'clock range was to be used as per trade setup. But nothing triggered as per that, whole day it traded between 10 o'clock range. Momentum dropped drastically due to VIX cool off. It has formed a Spinning top candle in daily TF which is halt sign. Below today's low it can be a reversal sign in very short or in intraday. Tomorrow we will trade on today's range breakout . 48650 and 48340 are important levels for next session.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 48650 then we will long for the target of
For selling we need a 15 Min candle close below 48340. T- 47950 and 47575.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 29 Dec 2023BANKNIFTY Intraday Trade Setup For 29 Dec 2023
Bullish-Above 48350
Invalid-Below 48240
T- 48730 49150
Bearish-Below 47880
Invalid-Above 47990
T- 47570 47207
BANKNIFTY has closed on a positive note with 1.17% gain today. Buy triggered as per trade setup above 47840 and hit our 1st target very smoothly (47840-48347). Tomorrow we can expect bullish continuation as it has closed at ATH. Above 48350 it can test 48750 zone and wild case 49150. Tomorrow it is the last expiry of the year, so may result in some volatility so be very strict with TSLs. 47880 is the level for a downside trigger.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 48350 then we will long for the target of 48730 and 49150.
For selling we need a 15 Min candle close below 47880. T- 47570 and 47200.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 27 Dec 2023BANKNIFTY Intraday Trade Setup For 27 Dec 2023
Bullish-Above 47840
Invalid-Below 47730
T- 48220 48632
Bearish-Below 47400
Invalid-Above 47510
T- 47029 46685
BANKNIFTY has closed on a bullish note with 0.49% gain today. Buy triggered as per trade setup which ended with no profit no loss as EOD it near cost. After taking support from previous day low it was completely sideways for the rest of the day. In the weekend analysis we had already discussed that index is contracting in hourly TF so momentum will come after its breakout. Tomorrow 47840 and 47400 are important levels to plan trades.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47840 then we will long for the target of 48220 and 48632.
For selling we need a 15 Min candle close below 47400. T- 47029 and 46685.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 26 Dec 2023BANKNIFTY Intraday Trade Setup For 26 Dec 2023
Bullish-Above 47750
Invalid-Below 47640
T- 48117 48478
Bearish-Below 47410
Invalid-Above 47520
T- 47050 46720
BANKNIFTY has closed on a slight bearish note with 1.35% cut last week. After 4 weeks of rally it has taken a pause. 48220 is a short term top above which the next leg of rally will be triggered for 50k. 43900 is a major hourly support, breakdown will take BANKNIFTY to 46300 zone for a retest scenario. In hourly TF it more or less contracting to form an apex. 47750 and 47410 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 47750 then we will long for the target of 48117 and 48478.
For selling we need a 15 Min candle close below 47410. T- 47050 46720.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 22 Dec 2023BANKNIFTY Intraday Trade Setup For 22 Dec 2023
Bullish-Above 47950
Invalid-Below 47840
T- 48335 48750
Bearish-Below 47330
Invalid-Above 47440
T- 46915 46485
BANKNIFTY has closed on a bullish note with 0.83% gain today. Yesterday it was said that there is a probability of pullback which happened very effectively. Only problem was the gap down opening and sell triggered which hit sl. However 10 o'clock range was to be used and range broke upside above 47250 and reached till yesterday's half bat plotted. As the Vix has shot up the volatility is insane in the last 2-3 days. 47950 and 47330 are important levels for tomorrow's session.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47950 then we will long for the target of 48335 and 48750.
For selling we need a 15 Min candle close below 47330. T- 46915 and 46485.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 21 Nov 2023BANKNIFTY Intraday Trade Setup For 21 Nov 2023
Sell_1- From 47805
Invalid-Above 47915
T- 47500 47200
Sell_2- 47200
Invalid-Above 47310
T- 46850 46485
BANKNIFTY has closed on a bold bearish note with 0.89% cut. It opened with a gap up and 10 o'clock range was to be used as per trade setup. Range broke downside below 48015 , last swing high was 48160. Trade gave a mega move till 47203. Tomorrow there is a fair chance of pullback till 47805 and 0.618 can act as an intraday resistance. On a flat opening below 47200 there can be another round of selling. Hourly support lies near 46850 zone.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle close below 47200 then we will short. T- 46850 and 46485.
2nd selling will be from 47805. T- 47500 and 47200.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 20 Dec 2023BANKNIFTY Intraday Trade Setup For 20 Dec 2023
Bullish-Above 48020
Invalid-Below 47910
T- 48250 48575
Bearish-Below 47640
Invalid-Above 47750
T- 47420 47160
BANKNIFTY has closed has closed on a flat note today. Sell triggered as per trade setup below 47800 and gave a small move till 47647 then intraday price structure changed and reversed till day high. It has formed a Pin bar candle in daily TF so above 48020 we can expect a good move. For selling 47640 is the level but 47780 will be equally important to watch out. In the coming days 47600 will be an important level in hourly TF.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 48020 then we will long for the target of 48250 and 48575.
For selling we need a 15 min candle close below 47640. T- 47420 and 47160.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 19 Dec 2023BANKNIFTY Intraday Trade Setup For 19 Dec 2023
Bullish-Above 47980
Invalid-Above 47870
T- 48220 48565
Bearish-Below 47800
Invalid-Above 47910
T- 47420 47150
BANKNIFTY has closed on a bearish note with 0.57% cut today. It opened with a slight cut and traded overall in a range. Sell triggered as per trade setup below 47890 which closed near to cost EOD due to the sideways momentum. On a flat opening best trade looks in the sell side. Below 47800 there can be a decent sell off till 47420. For a buying case it has to sustain above 47980. However bullish move with momentum will come above 48220 only.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 47980 then we will long for the target of 48220 and 48565.
For selling we need a 15 min candle close below 47800. T- 47420 and 47150.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 18 Dec 2023BANKNIFTY Intraday Trade Setup For 18 Dec 2023
Bullish-Above 48220
Invalid-Below 48110
T- 48565 48920
Bearish-Below 47890
Invalid-Above 48000
T- 47510 47190
BANKNIFTY has closed on a bullish note last week with 1.87% gain last week. It was a bit messy up move as thats how a typical bull run happens. Bulls are ready to take BANKNIFTY till 50650. Till then all dips will be bought. Best outlook is to find bullish reversal trades in intraday if a dip served. No point in looking for reversal positionally till we get a bold bearish candle or sentiment on weekly charts. 48220 and 47890 are important levels for next session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48220 then we will long for the target of 48565 and 48920.
For selling we need a 15 Min candle close below 47890. T- 47510 and 47190.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Indexes analysis for 18th December 2023 for educational purposeIndexes analysis for 18th December 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
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BANKNIFTY Intraday Trade Setup For 15 Dec 2023BANKNIFTY Intraday Trade Setup For 15 Dec 2023
Bullish-Above 47950
Invalid-Below 47840
T- 48230 48510
Bearish-Below 47500
Invalid-Above 47610
T- 47190 46885
BANKNIFTY has closed on a bullish note with 1.36% gain today. While all the gains was contributed through gap up. 10 o'clock range was to be used as per setup. And fun fact is that it just traded within the range whole day. Market will show an easy bullish move above today's high on a flat opening. Below 47500 if sustained, there can be a chance of gap filling move. In between today's range market outlook will be sideways in intraday.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 47950 then we will long for the target of 48230 and 48510.
For selling we need a 15 Min candle close below 47500. T- 47190 and 46885.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
BANKNIFTY Intraday Trade Setup For 14 Dec 2023BANKNIFTY Intraday Trade Setup For 14 Dec 2023
Bullish-Above 47210
Invalid-Below 47100
T- 47454 47735
Bearish-Below 46880
Invalid-Above 46990
T- 46485 46155
BANKNIFTY has closed on an absolute flat note today. Sell triggered as per trade setup below 47000 and gave 1:1 move till 46887 and later hit trailing sl (cost) and reversed. Our swing long position (from 44450) was closed today @47000 as per the opted TSL. It has formed a pin-bar in daily TF so above 47210 we can expect a bullish move towards ATH. below 46880 bears will take charge. A sideways market is pretty much obvious between 47250 and 46880.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 47210 then we will long for the target of 47454 and 47735.
For selling we need a 15 Min candle close below 46880. T- 46484 and 46155.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Banknifty Future Chart Analysis for 13.12.202347156 is a strong support , if price takes support over there go long for the target of 47323, if price crosses over
47405 (Super Strong resistance may push price to the level of 47200) long for the target of 47546, above 47546 it may
reach to the level of 47673.
BANKNIFTY Intraday Trade Setup For 12 Dec 2023BANKNIFTY Intraday Trade Setup For 12 Dec 2023
Bullish-Above 47590
Invalid-Below 47680
T- 48013 48325
Bearish-Below 47180
Invalid-Above 47290
T- 46785 46350
BANKNIFTY has closed almost on a flat note with slight gain of 0.11% today. Buy triggered as per trade setup above 47310 and gave a good momentum till 47580 later turned sideways. Index sentiment is intact till our TSL in swing long (from 44450) is intact. If a daily candle closes below PDL and that red candle's low is breached then we will exit longs completely. And in that case there will be sentiment reversal from bullish to bearish. 47590 and 47180 are important levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 47590 then we will long for the target of 48013 and 48325.
For selling we need a 15 Min candle close below 47180. T- 46785 and 46350.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.