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Niftybank

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
BANKNIFTY Intraday Trade Setup For 25 Aug 2023BANKNIFTY Intraday Trade Setup For 25 Aug 2023 Sell_1-From 44755 Invalid-Above 44865 T- 44500 44280 Sell_2- Below 44430 Invalid-Above 44540 T- 44175 43915 BANKNIFTY has closed on an absolutely flat note today after a big roller coaster ride. After the breakout of our bullish reversal key level- 44100 in hourly TF it gave a very good momentum 44949. Today it opened with a big gap up and 10 o'clock range broke downside below 44613 and 170 points gain with 120 points sl. Tomorrow if there is a gap down opening and 10 o'clock range breaks upside then we will buy. On a flat opening or gap up opening 44755 will be our short level. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44430 then we will short for the target of 44174 and 43915. In case of a flat/gap up opening we will short from 44755. T- 44500 and 44174. 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
BANKNIFTY Intraday Trade Setup For 24 Aug 2023BANKNIFTY Intraday Trade Setup For 24 Aug 2023 Bullish-Above 44525 Invalid-Below 44415 T- 44777 45015 Bearish Below 44340 Invalid-Above 44450 T- 44150 43950 BANKNIFTY has closed on bold bullish note with more than 1% gain today. Since last two sessions index was in a tight range. Also it was updated multiple time that index is trading near key resistance level- 44100 which is also our TSL for the short position from 45620; if it sustains above 41100 there will be bullish reversal. It sustained in hourly TF and a clear cut move we enjoyed. Buy triggered as per trade setup above 44155 and hit almost both targets. Next resistance will be near 44800 zone. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44525 then we will long for the target of 44777 and 45015. For selling we need a 15 Min candle close below 44340. T- 44150 and 43950. 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
BANKNIFTY Intraday Trade Setup For 23 Aug 2023BANKNIFTY Intraday Trade Setup For 23 Aug 2023 Bullish-Above 44155 Invalid-Below 44045 T- 44350 44550 Bearish-Below 43930 Invalid-Above 44040 T- 43717 43500 BANKNIFTY has closed on an absolute flat note today. It was total sideways in today's market. Since last day it is juts chilling at 42K. Index traded within 200 points range the whole day. Momentum was good for non directional traders. Tomorrow we will simply use today's market range to build our trade setup. Update about the short position from 45620 is that our TSL is still intact. No candle has sustained above 44100 in hourly TF. Now 44155 is the level as TSL. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44155 then we will long for the target of 44350 and 44550. For selling we need a 15 Min candle close below 43930. T- 44717 and 43500. 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
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NSE:BANKNIFTY
by ISL-TREND
2
BANKNIFTY Intraday Trade Setup For 22 Aug 2023BANKNIFTY Intraday Trade Setup For 22 Aug 2023 Bullish-Above 44120 Invalid-Below 44010 T- 44320 44550 Bearish-Below 43940 Invalid-Above 44050 T- 43720 43500 BANKNIFTY has closed on a slight positive note with 0.34% gain today. Last day it was updated that 44100 is an important level for our short position(from 45620). Today after testing the hourly resistance of 44100 it corrected. Now Above 44120 we will cut our short position completely. There is a chance of reversal in hourly TF above 44120. Today buy triggered as per trade setup above 43960 and gave around 150 points gain. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44120 then we will long for the target of 44320 and 44550. For selling we need a 15 min candle close below 43940. T- 43720 and 43500. 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
Banknifty future chart analysis for 21.08.2023Do not go long before price crosses over upside standard deviation one, crossing over above 44075, you may again see a beaten down buying situation which may push price further ahead, follow levels. As you can see Banknifty future was closing near Median line from last five trading days , this is the first time it closes below downside standard deviation one (Blue) , after rejecting from upside standard deviation one (Blue) , which is pretty good for nice may be downside move , and you can also see a squeeze in bollinger bands. which may burst tomorrow. If price opens at the same level where it left off and then crosses below the special level (Red Line) then you can enter in PE trade , but keep in mind that 43792 will be a strong support in this situation crossing below 43792, price may go below to the level of 43491.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 21 Aug 2023BANKNIFTY Intraday Trade Setup For 21 Aug 2023 Bullish-Above 43960 Invalid-Below 43850 T- 44238 44479 Bearish-Below 43760 Invalid-Above 43870 T- 43500 43239 BANKNIFTY has closed on a slight bearish note last week with 0.79% cut. Since the break of 45620 we have been in selling mode and each week it has been explained that index is sell on rise. Also probable targets were also discussed last week which were 43239 and extended target of 42600. So the 1st target is almost achieved. Now either one can book on break of previous hourly swing high- 44100 or wait for the continuation below 43600. For a confirmed bullish reversal we need a structure in daily TF which will be updated if that happens. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 43960 then we will long for the target of 44238 and 44479. For selling we need a 15 Min candle close below 43760. T- 43500 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
Banknifty future chart analysis for 18.08.2023As you can see here that price continously closing near Median line , thatswhy you are not getting proper move in banknifty , this is the fifth time it closed near Median line, but with a squeeze in bollinger band , you may see a nice move today price do not face resistance at 44149 or support at 43919, if it retraces back from 44149 , or bounce back from 43919 , then you may see sideways again. If price goes below 43919, then you can see a good downmove and price may reach to the level of 43646, in between 43839 is a strong support if price takes support here sqaure off your position with small profit, take trade again when it breakdown 43839. In upside if price breaks up above 44149, go long , 44262 strong resistance crossing above it may push price towards 44389.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 18 Aug 2023BANKNIFTY Intraday Trade Setup For 18 Aug 2023 Bullish-Above 44075 Invalid-Below 43965 T- 44325 44575 Bearish-Below 43740 Invalid-Above 43850 T- 43490 43239 BANKNIFTY has closed almost flat today with minor cut of 0.13%. It has formed a neutral doji candle in daily TF. Buy triggered as per trade setup above 44005, last day it was said to be very strict in trailing as per previous swings in any side. Long trade hit TSL near cost. Then sell triggered as per trade setup which ended again near cost EOD. Tomorrow above 44075 buyers will try to close the week on a bullish sentiment, below 43740 it will be bearish. Be strict in trailing in 5 MIN TF as per previous high/low. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44075 then we will long for the target of 44325 and 44575. For selling we need a 15 Min candle close below 43740. T- 43490 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
Banknifty future chart analysis for 16.08.2023As you can see here price took nice rejection from Median Line , so it must go down but here a little twist remains as you can see that bollinger bands are pretty broad, so if price opens near same place where it left off then there is a high chance that it will take support on bollinger bands standard deviation one and may go in a sideways. if price again goes below 44065, then you can again witness a burst and price will achieve all targets downside. in between 43862 is a strong support. If price goes above 44356, then it may easily reach to the level of 44546, 44546 is a super strong resistance price may again go down to the level of 44205, crossing above 44546 may push it towards 44725.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 16 Aug 2023BANKNIFTY Intraday Trade Setup For 16 Aug 2023 Bullish-Above 44215 Invalid-Below 44105 T- 44475 44737 Bearish-Below 43990 Invalid-Above 44100 T- 43770 43515 BANKNIFTY has closed with a minor cut of 0.24% today. Closing sentiment is bullish BTW as its a pin bar candle in daily TF. So above 44215 if sustained in 15 Min TF we can expect a continuation of today's up move. Important level for downside is 43990 however the main move will come below 43770. We will consider a reversal trade in hourly TF only when a proper W structure starts to form which will be updated here. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44215 then we will long for the target of 44475 and 44737. For selling we need a 15 Min candle close below 43990. T- 43770 and 43515. 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
BANKNIFTY Intraday Trade Setup For 14 Aug 2023BANKNIFTY Intraday Trade Setup For 14 Aug 2023 Bullish-Above 44470 Invalid-Below 44360 T- 44737 45050 Bearish-Below 44120 Invalid-Above 44230 T- 43795 43515 BANKNIFTY has closed on a bearish sentiment last day and week with 0.77% and 1.52% cut respectively. Since 45620 broke we have been in sell on rise mode. And every week it has been updated that index is 'sell on rise' especially in hourly TF. Next probable support seems near 43200 zone. While major support is 42500 zone. No bullish view till we get a breakout of last swing high in daily TF. 44470-80 and 44120 are important levels for tomorrow's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44470 then we will long. T- 44737 45050. For selling we need a 15 Min candle close below 44120. T- 43795 and 43515. 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