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Niftybank

Bank Nifty future chart analysis for 11.09.2023As you can see here price first took resistance at standard deviation two now taking resistance at standard deviation one , if price goes above 45486, you may go long but keep in mind that it may retrace anytime till it do not crosses above 45595, above 45595 it is free to go full target. if price goes below 45178 then it may face two strong support in between 44975, below 44957 price may become much weaker and may reach much downside than target.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 11 Sep 2023BANKNIFTY Intraday Trade Setup For 11 Sep 2023 Bullish-Above 45390 Invalid-Below 45280 T- 45645 45900 Bearish-Below 45030 Invalid-Above 45140 T- 44770 44497 BANKNIFTY has closed on a bullish note last week and day with 1.62% and 0.62% gain respectively. It gave a breakout of the daily range (45k and 44k) in the upper side. We can expect continuation above 45400 now and next stop looks near 45600-50 zone which is a gap area. Weekly support is too far now which is 43600, gateway for downside. 45390 and 45030 are two important levels for next session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45390 then we will long for the target of 45645 and 45900. For selling we need a 15 Min candle close below 45030. T- 44770 and 44497. 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.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | Banknifty | 11-09-2023 [intraday]NSE:BANKNIFTY Trade Setup for 11-09-2023 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.
NSE:BANKNIFTY
by Trading_hawk
BANKNIFTY Intraday Trade Setup For 08 Sep 2023BANKNIFTY Intraday Trade Setup For 08 Sep 2023 Bullish-Above 44920 Invalid-Below 44810 T- 45130 45365 Bearish-Below 44670 Invalid-Above 44780 T- 44440 44200 BANKNIFTY has closed on a bullish note with 1.06% gain today. Tomorrow's daily closing is very important above 44950/44000 for a range shift for 1000 points rally in the coming days. Today buy triggered as per trade setup above 44670 and hit 1st target very smoothly (44670-44915). Bullish move likely to continue above today's high on flat opening. Intraday sentiment will change to bearish below 44670. Be very strict in trailing tomorrow for both side trades. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44920 then we will long for the target of 45130 and 45365. For selling we need a 15 Min candle close below 44670. T- 44440 and 44200. 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.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 07 Sep 2023BANKNIFTY Intraday Trade Setup For 07 Sep 2023 Bullish-Above 44670 Invalid-Below 44560 T- 44950 44275 Bearish-Below 44200 Invalid-Above 44310 T- 43965 43725 BANKNIFTY has closed with a slight cut of 0.28% today. It opened flat and sell triggered as per trade setup below 44400 and gave a decent move of 180 points till 44210. Once again a pinbar candle in daily TF but of no use inside the daily range. Daily range is still intact- 44k and 45k. Tomorrow above today's high if sustained in 15 Min TF then there can be a bullish momentum. However we will buy above 44670. It will bearish below 44200. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44670 then we will long for the target of 44950 and above 44k 44275-95. For selling we need a 15 Min candle close below 44200. T- 43965 and 43725. 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.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 06 Sep 2023BANKNIFTY Intraday Trade Setup For 06 Sep 2023 Bullish-Above 44670 Invalid-Below 44560 T- 44950 44250-300 Bearish-Below 44400 Invalid-Above 44510 T- 44100 43800 BANKNIFTY has closed almost on a flat note day. Nothing triggered as per trade setup today. It just traded between yesterday's buy/resistance and sell sell/support levels. Two consecutive Pin bar candles in daily charts, Above and below its higher and lower range there will be a good directional move. Daily range is intact which is 44950/45k and 44k. Tomorrow above 44670 it can give a good momentum, 44950 will the 1st stop. Above 44k if sustained there can be a short covering. 44400 is the downside gateway. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44670 then we will long for the target of 44950 and 44275-300. For selling we need a 15 Min candle close below 44400. T- 44100 and 43800. 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.
NSE:BANKNIFTY
by Omahto
Bank Nifty future chart analysis for 05.09.2023As you can see here price is resting over atandard deviation one,which means it has a support just below it as median line and resistance above it as standard devition two.if it takes resistance around 44925, you can witness sideways and if it takes support at 44623 you can witness sideways. if it crosses above 44925 , it can again face strong resistance at 45014 (Red line), crossing above red line price may further move upside strongly and may reach to the level of 45322. if price goes below 44623 then it can face strong support at 44529 (*Purple Line), crossing below purple line price may be very weak and reach to the level of 44288.
NSE:BANKNIFTY1!
by stoxway
Simple Trade Setup | BANKNIFTY | 05-09-2023 [INTRADAY]NSE:BANKNIFTY Trade Setup for 05-09-2023 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.
NSE:BANKNIFTY
by Trading_hawk
BANKNIFTY Intraday Trade Setup For 5 Sep 2023BANKNIFTY Intraday Trade Setup For 5 Sep 2023 Bullish-Above 44660 Invalid-Below 44550 T- 44950 45215 Bearish-Below 44400 Invalid-Above 44510 T- 44100 43800 BANKNIFTY has closed on a bullish note with 0.32% gain. Today it opened with a big gap up so 10 o'clock range was to be used. 10 o'clock range broke downside below 44399 and and last swing high was 44460. It gave 80 points which was more than 1:1. Later buy triggered as per trade setup above 44570 which ended at cost. On a flat opening above 44670 bullish momentum likely to continue. 44935-50 will be an intraday resistance above which it will test 45215. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44660 then we will long for the target of 44935-50 and 45215. For selling we need a 15 Min candle close below 44400. T- 44100 and 43800. 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.
NSE:BANKNIFTY
by Omahto
1
BankNifty future chart analysis for 04.09.2023As you can see that banknifty future is in burst situation and price taking resistance near standard deviation two (2), if price again rejects from this level then you can see a little profit booking, not much after that you can see a sideways. But if price croosses over 44777 then burst will continue in a strong manner and price may easily reach to the level of 45213. (Accept Gap up) If price goes below 44481 then it will certainly reach to the level of 44286, 44286 is a strong support you see a good upmove till 44573 from here , crossing below 44286 will make price weaker and it may travel much lower side.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 04 Sep 2023BANKNIFTY Intraday Trade Setup For 04 Sep 2023 Bullish-Above 44570 Invalid-Below 44460 T- 44917 45250 Bearish-Below 44220 Invalid-Above 44330 T- 43895 43600 BANKNIFTY has with 0.46% gain last week. It closed almost on neutral note as it is at midpoint from the breakout levels. 44950/45k and 43600 is the weekly range. Breakout of this will lead to a big or at least decent directional move. Aug month candle closed and its on bear grip. Only below 43600 this grip will be confirmed or else it will be sideways. Weekly range is very important to look for a direction. 44917 and 43895 are important resistance and support zones for Monday. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44570 then we will long for the target of 44917 and 45250. For selling we need a 15 min candle close below 44220. T- 43895 and 43600. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
4
BANKNIFTY Intraday Trade Setup For 1 Sep 2023BANKNIFTY Intraday Trade Setup For 1 Sep 2023 Bullish-Above 44110 Invalid-Below 44000 T- 44357 44583 Bearish-Below 43890 Invalid-Above 44000 T- 43600 43239 BANKNIFTY has closed on a bearish note with 0.55% cut today. Yesterday I indicated a pullback scenario to short again from higher levels. This was simple market structure thing as yesterday's impulse needed a pullback. Today without a pullback it dipped and sell triggered which hit sl later sell triggered below 44140 again and hit our 1st target (43900) very smoothly. Tomorrow 44110 and 43890 are important levels for intraday. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 44110 then we will long for the target of 44357 and 44583. For selling we need a 15 Min candle close below 43890. T- 43600 and 43239. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
Bank Nifty future chart analysis for 30.08.2023If price goes above 44636, then it may easily reach to the level of 44779, if price takes resistance at 44779 then price may go sideways , crossing above 44779, price may be much stronger and may reach 44931 and above . If price goes below 44387 then you can see a burst and extreme weeaknes in price and price may go down to the l;evel 44101, special level is -44445 , if price opens near previous closing and goes below 44445, then you can go short.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 30 Aug 2023BANKNIFTY Intraday Trade Setup For 30 Aug 2023 Bullish-Above 44600 Invalid-Below 44490 T- 44840 45045 Bearish-Below 44420 Invalid- Above 44530 T- 44194 43915 BANKNIFTY has closed on an absolute flat note today. It was sideways the day. Nothing triggered as per trade setup today. Tomorrow if it sustains above today's high then there can be a good up move. However we will plan an aggressive entry above 44600 itself. Below 44220, if sustained then there can be good fall also. Hourly range is intact - 45000 and 44000. Till the time it is inside the range it is going to be sideways. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44600 then we will long for the target of 44840 and 45045. For selling we need a 15 Min candle close below 44420. T- 44194 and 43915. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
Bank Nifty future chart analysis for 29.08.2023If price goes above above 44639, then price will easily reach to the level of 44825, 44825 is a strong resistance if price takes resistance here you may see a down move till 44500, crossing above 44825 it may go to the level of 44999. If price goes below 44381, then it may reach to the level of 44222. 44222 is strong support price may bounce back to the level of 44500.if price goes below 44222 , then it may easily reach to the level of 44088. Broad area squeeze , if bollinger bursts in this situation you may get a move but not a good move. if price rejects from 44639, you may see a sideways , if price takes support above 44381, you may again witness a sideways,
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 29 Aug 2023BANKNIFTY Intraday Trade Setup For 29 Aug 2023 Bullish-Above 44615 Invalid-Below 44505 T- 44840 45045 Bearish-Below 44370 Invalid-Above 44480 T- 44100 43825 BANKNIFTY has closed on a bullish note with decent gain of 0.6% today. In the weekend we discussed that index is likely to maintain a sideways momentum till daily range (45000-43600) breaks, so one directional trade should be the target. It was complete sideways till buy triggered as per trade setup. 1st target was achieved smoothly above 43360. Bullish momentum likely to continue above today's high towards 44840 zone. Below 44370 it will be bearish in intraday. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 44615 then we will long for the target of 44840 and 45045. For selling we need a 15 Min candle close below 43370. T- 44100 and 43825. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
Bank Nifty future chart analysis for 28.08.2023As you can see here that price closed just below the standard deviation one which is 2nd strong support after median line, if price goes above from here and takes resistance from median line you may see a sideways. if price goes below from here and takes support at 44012 you may again see a sideways. if price goes above 44314 , then you may see a steady upside move and price may continue upside ,don;t try to book only trail. If price goes below 44012 then you may see a strong downside current and price may go much lower side.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 28 Aug 2023BANKNIFTY Intraday Trade Setup For 28 Aug 2023 Bullish-Above 44360 Invalid-Below 44250 T- 44631 44950 Bearish-Below 44130 Invalid-Above 44240 T- 43825 43518 BANKNIFTY has closed with slight cut in the last trading session. Last week after sustaining above 44100 in the hourly TF it gave a very fantastic move till 44900. Now if it sustains above 45000 in daily TF then it will be a swing buy or bullish biased. While Friday's low is important for a downside move. However key level in daily TF is 43600. Sustaining below this will initiate a move towards 42600 and 42000. Between this daily range market will stay in sideways momentum and less directional intraday trades will be the right approach. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44360 then we will buy for the target of 44631 and 44950. Gap area will be important. For selling we need a 15 Min candle close below 44130. T- 43825 and 43518. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | Banknifty | 28/08/2023 [INTRADAY]NSE:BANKNIFTY Trade Setup for 28-08-2023 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.
NSE:BANKNIFTY
by Trading_hawk