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BANKNIFTY Intraday Trade Setup For 04 Oct 2023 | Daily AnalysisBANKNIFTY Intraday Trade Setup For 04 Oct 2023 Bullish-Above 44440 Invalid-Below 44330 T- 44625 44815 Bearish-Below 44240 Invalid-Above 44350 T- 44000 43755 BANKNIFTY has closed on a bearish note with 0.425% cut today. It opened flat and sell triggered as per trade setup but is was not at all tradable as the 1st 1 Min candle itself was very big and the 15 Min breakout candle was too big which making the RR worst. After the 1st 15 Min candle it just consolidated between 200 points range. 10 o'clock range was also untouched. Tomorrow on a flat opening it can show a good downside move below today's low. Only thing we have to be alert about is morning star at 44180 breakout. For bullish momentum to lift it has to sustain above 44440 and we will consider this in the 2nd breakout attempt. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44440 then we will long for the target of 44625 and 44815. For selling we need a 15 Min candle close below 44240. T- 44000 and 43755. 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 03.10.2023As you can see here that price closed near median line, taking support on it, if it opens at the same area then,you may see a sideways again, if it crosses above 45019 then you may see a broad area burst which may not sustain for long time you can short again if you see any rejection in upside. if it crosses above 45179, then you may see a short covering and price may go much higher. if price goes below upside trend, as you can see that its already broke it and taking support above it , if it breaks down again then you may price testing its previous low if it goes down below 44740, then it may take support on 44597, crossing below 44597 price may go much lower side. after achieving its full target.
NSE:BANKNIFTYV2023
by stoxway
BANKNIFTY Intraday Trade Setup For 03 Oct 2023BANKNIFTY Intraday Trade Setup For 03 Oct 2023 Bullish-Above 44760 Invalid-Below 44650 T-45040 45270 Bearish-Below 44490 Invalid-Above 44610 T-44248 44000 BANKNIFTY has closed on an absolute flat note last week. Previous week it was discussed that 'a base formation may happen near 44500 zone and probability of a sideways momentum is high after an parabolic (down) move'. 5 out of 7 last sessions it closed exactly near 44600. After consolidation now time for a directional move on last week's range (44180-45000) breakout. Major Weekly levels are 44400 and 43600. In hourly TF 44760 is a bullish reversal level and 44180 is a bearish continuation level. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44760 then we will long for the target of 45040 and 45270. For selling we need a 15 Min candle close below 44490. T- 44250 and 44000. 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 29 Sep 2023BANKNIFTY Intraday Trade Setup For 29 Sep 2023 Sell_1- From 44560 Invalid-Above 44670 T- 44300 44000 Sell_2- Below 44240 Invalid-Above 44350 T- 44000 43755 BANKNIFTY has closed on a complete bearish note with 0.64% cut today. It was a bit confusing and wild till 10 o'clock range was safe. Buy triggered as per trade setup which hit 110 points sl. Later sell triggered below 44490 and 10 o'clock range also broke downside and gave a decent move till 44250. However momentum was a bit messy compared to NIFTY and other indices. Tomorrow once again it can show some bearish move below today' low. 44560 will be a level to short in case of pullback or gap up. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44240 then we will short. T- 44000 and 43755. In case of a gap up , 44560 zone will be a good place to short. T- 44300 and 44000 below 44240. 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 28 Sep 2023BANKNIFTY Intraday Trade Setup For 28 Sep 2023 Bullish-Above 44670 Invalid-Below 44560 T- 45040 45270 Bearish-Below 44490 Invalid-Above 44600 T- 44200 43915 BANKNIFTY has closed on a flat note today after a huge roller coaster ride today. One more time let me just remind you all it was discussed 44500 is going to be base zone in the weekend outlook. Also it was said that probability of sideways momentum is very high after a parabolic move. 4 out of last 5 sessions it has closed exactly near 44600. Index looks ready for a bounce now. Also sentiment will change from sideways bullish to sideways bearish once it closes below 44500 in daily TF. 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 45040 and 45270 above 45050. For selling we need a 15 Min candle close below 44490. T- 44200 and 43915 below 44170. 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 27 Sep 2023BANKNIFTY Intraday Trade Setup For 27 Sep 2023 Bullish-Above 44725 Invalid-Below 44615 T- 45040 45252 Bearish-Below 44530 Invalid-Above 44640 T- 44225 43917 BANKNIFTY has closed with a slight bearish note with 0.32% cut today. In the weekend analysis it was discussed that index can form a base near 44500 and probability of sideways is high after a parabolic down move. It has closed exactly at 44600 in 3 out of 4 last sessions. It was just sideways throughout the day. Sell triggered below 44580 which ended at cost EOD. Tomorrow sustaining above 44725 in 15 Min TF will initiate a bullish momentum. However a clean downside momentum is possible below 44400 only. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44725 then we will long for the target of 45040 and 45252. For selling we need a 15 Min candle close below 44530. T- 44225 and 43917. Trail sl below 44400. 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 26 Sep 2023BANKNIFTY Intraday Trade Setup For 26 Sep 2023 Bullish-Above 44940 Invalid-Below 44830 T- 44179 45400 Bearish-Below 44580 Invalid-Above 44690 T- 44250 43917 BANKNIFTY has closed on a slight bullish note with 0.35% gain today. It was discussed in the weekend that we will give pullback of the fall and 44500 zone can be the probable bottom. Today it gave a sharp recovery of 400+ points till 44936. Now on a flat opening above today's high we will give another recovery. Also it has to be remembered that 0.382 of the recent fall will be a probable pullback which now comes near 44200 zone. 44940-50 and 44580 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44940 then we will long for the target of 45179 and 45400. For selling we need a 15 Min candle close below 44580. T- 44250 and 43917. 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
Technical Analysis of Bank Nifty for Tomorrow Technical Analysis of Bank Nifty for Tomorrow (26 September 2023) Support: 44500 (Big Support) 44700/44600 Resistance: 45000 (Big Resistance) Overall Analysis: The Bank Nifty index is currently in a consolidation phase, with a strong support zone at 44500 and a strong resistance zone at 45000. If the index breaks below 44500, it could fall further to 44400 or even lower. On the other hand, if the index breaks above 45000, it could rally to 45900 or even higher. However, it is important to note that the 45000 strike price has a huge concentration of call writers. This suggests that there is strong resistance at this level. Therefore, traders should be cautious before taking any bullish bets on Bank Nifty. Trading Strategy: Bullish Traders: If the Bank Nifty index breaks above 45000, bullish traders can enter long positions with a stop loss below 44900. Bearish Traders: If the Bank Nifty index breaks below 44500, bearish traders can enter short positions with a stop loss above 44700. Overall, the Bank Nifty index is likely to remain in a consolidation phase tomorrow. Traders should be cautious before taking any bets on the index. Disclaimer: This is just a technical analysis and should not be considered as a trading recommendation. Please consult your financial advisor before making any trading decisions.
NSE:BANKNIFTY
by santubittu
Bank Nifty future chart analysis for 25.09.2023As you can see here bollinger bands made a parrallel low of previous low two, it means it is on strong support, but price taking resistance at standard deviation one 44867 is a strong resistance , if it crosses above 44867 then it may reach to the level of 45082, 45082 is a strong resistance price may again go down to the level of previous closing. crossing above 45082 will give price a strong move to the upside and it may reach to its full target. Crossing below 44492 will make price extremely weak and it may achieve both the targets. if it takes support at 44402, or takes resistance at 44867 , you may see a sideways.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Weekly Outlook | Intraday Trade Setup For 24 Sep 2023BANKNIFTY Intraday Trade Setup For 24 Sep 2023 Bullish-Above 44790 Invalid-Below 44680 T- 45050 45385 Bearish-Below 44540 Invalid-Above 44650 T- 44270 44000 BANKNIFTY has closed on a complete bearish note last week with 3.5% cut. It has formed a double top structure in daily TF although breakout of the neckline (43600) will be the validation. Currently it is near 0.618 in daily TF so 44500 zone is going to be a base from where it can give retracement of the fall from 46310, while 45k is the reversal point. After a pullback if it breaks the low created say near 44500 zone we can plan a positional short. As of now it can go sideways after a parabolic move. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 44790 post rejection then we will buy. T- 45050 and 43385. For selling we need a 15 Min candle close below 44540. T- 44270 and 44000. 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 22 Sep 2023BANKNIFTY Intraday Trade Setup For 22 Sep 2023 Sell_1-From 45040 Invalid-Above 45150 T- 44800 Sell_2- Below 44590 Invalid-Above 44700 T- 44345 44100 BANKNIFTY has closed on a bearish note once again with 1.68% cut today. Once again it opened with slight gap down and tested our sell level. It just crashed after that and all targets were achieved (45270- 44593). Also since it opened with slight gap down so 10 o'clock range was to be used. Range broke downside below 45098 and last swing high was near 45120. With 100 points risk it gave almost 400 points gain. Tomorrow in case of a gap up opening 45040 will be place to short. After a fall near 44800 if it breaks 45050 then it will fill the gap and that will be bullish trade plan. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44590 then we will short for the target of 44345 and 44100. 2nd sell will be from 45040 on a gap up opening. T- 44800. 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 21 Sep 2023BANKNIFTY Intraday Trade Setup For 21 Sep 2023 Bullish-Above 45470 Invalid-Below 45360 T- 45650 45820 Bearish-Below 45270 Invalid-Above 45380 T- 45025 44780 BANKNIFTY has closed on a bearish sentiment with 1.29% cut today. It opened with a big gap down and 10 o'clock range was to be used as per trade setup. Range broke downside below 45454 and last swing high was near 45550. With 100 points risk it gave more than 170 points gain till 45277. Tomorrow there is a high chance of recovery as it at hourly support zone. In case it opens flat or below 45460 on break of 45470 in 15 Min TF we can trade the bounce in hourly TF. 44800 and 45820 are important support and resistance respectively. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 45470 then we will long for the target of 45650 and 45820. For selling we need a 15 min candle close below 45270. T- 45025 and 44780. 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
2
Bank Nifty future chart analysis for 20.09.2023As you can see here that bollinger bands already burst in 30 minutes time frame near next strong support at 45895, if this support breaks down there is a high chance that banknifty future will take support at 0.5% fibonacci support. and may may take good upmove from there. if price takes support on 45895 , the you may see a sideways again crossing above 46165 , may put price again above long trend for new moves. and price may reach its full target, in between 46308, strong resistance.
NSE:BANKNIFTY1!
by stoxway
1
BANKNIFTY Intraday Trade Setup For 20 Sep 2023BANKNIFTY Intraday Trade Setup For 20 Sep 2023 Bullish-Above 46160 Invalid-Below 46050 T- 46400 46630 Bearish-Below 45900 Invalid-Above 46010 T- 45679 45397 BANKNIFTY has closed on a bearish note with 0.54% cut today. It It was sideways and zone till 1'0 clock. Later at the time of closing post 3 PM there were spikes in the downside. Nothing triggered as per trade setup today till 3 PM. Post 3 PM sell was triggered which was void. On a flat opening below 45900 there can be decent sell off in intraday. For a bullish view we have to wait till 46150-60 is sustained in 15 Min TF. it is near ATH so there can be sideways activity before it gets lifted or crashed. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close below 45900 then we will short for the target of 45679 and 45397. For buying we need a 15 Min candle close above 46160. T- 46400 and 46630. 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 future chart analysis for 18.09.2023As you can see , whenever it is making diagonal down sideways breaking upside, price is standing just below standard deviation one if it crosses above standard deviation two you may see an another burst in bollinger bands and price may go till 46799 after crossing 46410. If price goes down from current area then it may take support on 46100 and bounce back, but if it crosses down below 46100 then you may see a weakness in price and it may reach to the level of 45812.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 18 Sep 2023BANKNIFTY Intraday Trade Setup For 18 Sep 2023 Bullish-Above 46320 Invalid-Below 46210 T- 46585 46855 Bearish-Below 46020 Invalid-Below 46130 T- 45720 45415 BANKNIFTY has closed on a bullish sentiment with 2.88% gain last week. Before Sep 8 we were waiting for the daily range shift to get a directional move. Range was 45k and 44K which broke in the upside on 8 Sep and we got a decent move (45160-46310, more than 1:1). Also we are very close to our target which is a fresh ATH. Now either one can book some or trail sl to PDL (CB). Incase case of a gap down tomorrow 45700 zone can act as support zone. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46320 then we will long for the target of 46585 and 46855. For selling we need a 15 min candle close below 46020. T- 45720 and 45415. 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 15.09.2023As you can see a short squeeze is there and price is standing just above standard deviation one which is a strong support , its lookslike that it is ready boost upside. if it crosses above 46231 then it may easily reach to the level of 46583 and above. Downside it may face strong support at 45970, if it takes support at 45970 then you can see another sideways.. crossing below 45970 will not make price weak,it may take another support at 45870, below 45870 price may get very weak and may reach 45614 easily.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 15 Sep 2023BANKNIFTY Intraday Trade Setup For 15 Sep 2023 Bullish-Above 46160 Invalid-Below 46050 T- 46450 46750 Bearish-Below 45800 Invalid-Above 45910 T- 45530 45290 BANKNIFTY has closed with a slight gain of 0.2% today. It opened with a slight gap up and buy triggered as per trade setup above 46000 which hit sl after giving small momentum. Later 10 o'clock range broke downside below 45912 and gave around 100 points. Yesterday 45800 was projected a pullback support before the buy level. 45800 acted as a iron support for the rest of the day. Tomorrow there can be good sell off on break of 45800. Above 46160 if sustained we can create a fresh ATH. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46160 then we will long to the target of 46450 and 46750. For selling we need a 15 Min candle close below 45800. T- 45530 and 45290. 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