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BANKNIFTY Intraday Trade Setup For 08 Aug 2023BANKNIFTY Intraday Trade Setup For 08 Aug 2023 Bullish-Above 45015 Invalid-Below 44905 T- 45290 45612 Bearish-Below 44770 Invalid-Above 44880 T- 44510 44279 BANKNIFTY has closed on absolute flat note. Last day it was discussed that index has created a a bit big range which was 45120 44590. It was said that it is no trading range till breakout happens. Result is in front of us, it was total sideways and noisy inside the range. Nothing triggered as per trade setup. Today it has consolidated in a tight range of 240 points. Will simply trade on this range breakout. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45015 then we will long for the target of 45290 and 45615. For selling we need a 15 Min candle close below 44770. T- 44510 and 44279. 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 07-08-2023As you can see here that price closed just above standard deviation one and above median line , in between strong resistance and strong support high chance that price may go in a broader sideways. But if price crosses above 45097 than you may see a good upmove till 45283, 45283 is a strong resistance , if price retraces from here than it can again reach to the level of 44851, crossing above 45283 may push price much higher. If price breaks again median line means 44851 than it may reach much lowerside and may achieve both the targets very easily.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 07 Aug 2023BANKNIFTY Intraday Trade Setup For 07 Aug 2023 Bullish-Above 45120 Invalid-Below 45010 T- 45441 45733 Bearish-Below 44590 Invalid-Above 44700 T- 44279 44000 BANKNIFTY has closed on a bearish note this week with 1.29% cut. In the last weekend it was discussed that index is sell on rise as per the hourly TF as it broke important swing low of 45620. A sign of reversal in the hourly TF as per the Friday bounce can be above 45120. Important level for downside in hourly TF is 44270. Intraday range for next session is a bit big, 45120 and 45590 being important level. Inside this range it is no trading zone. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45120 then we will long for the target of 45441 and 45733. For selling we need a 15 Min candle close below 44590. T- 44279 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. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 04 Aug 2023BANKNIFTY Intraday Trade Setup For 04 Aug 2023 Sell_1- From 44890 Sl-45000 T- 44600 44300 Sell_2- Below 44270 Sl-44380 T- 44000 43750 BANKNIFTY has closed on a bearish note once again with more than 1% cut. Sell triggered as per trade setup below 44720 and hit almost both the targets (44720-44280). Tomorrow we if there is a gap up opening near 44890 then we will short from there once again, one can take 5 Min candle low as trigger. If sell triggers below 44270 tomorrow and it reverses by making a morning star in 15 Min TF or the 10 o'clock range breakout happens in the upside then only we will consider buying. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44270 then we will short for the target of 44000 and 43750. 2nd sell position will be considered from 44890. T- 44610 and 44300. 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 04.08.2023As you saw that price did not took support at median line and also broke standard deviation 1, if price goes below cuurent low you may see another burst in bollinger band . burst within burst in same side will pull down price to deep lower side. if price goes below 44597 , then you can see a good down move till 44179, but one special support level you have to keep in your the level 44473, price may take sudden bounce from here. Above -44893 , you may see new long positions and bitten down buying , which may later again fall. 45069strong resistance area above it price will achieve its full target.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 03 Aug 2023BANKNIFTY Intraday Trade Setup For 03 Aug 2023 Bullish-Above 45135 Invalid-Below 45025 T- 45410 45687 Bearish-Below 44720 Invalid-Above 44830 T- 44467 44215 BANKNIFTY has closed on a bearish note with 1.31% cut today. It opened with a big gap down today and it was sustained. All sell targets were hit although 10 o'clock range was valid as per analysis in today's market It was a big gap down day. 10 o'clock range broke downside below 45260 and last swing high was near 45350, around 90 points risk. It gave a trendy move till 44721. In the weekend it was said that it is sell on rise bcs it broke hourly swing low of 45620. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 45135 then we will long for the target of 45410 and 45687. For selling we need a 15 Min candle close below 44720. T- 44467 and 44215. 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 UnknownUnicorn59699627
2
Bank Nifty future chart analysis for 02-08-2023Price again closed near median line , there is high chance that price will not move properly. but if goes down below 45618, then you may see a burst and a good downside move. Special level is 45673, below it price may go down much lower. if price goes above 45856, then it may easily reach to the level of 46007, 46007 is a super strong resistance , price may go down heavily from here. but if it crosses above 46007, and stay s above it for few minutes than you may see a new upmove.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 02 Aug 2023BANKNIFTY Intraday Trade Setup For 02 Aug 2023 Bullish-Above 45640 Invalid-Below 45530 T- 45905 46135 Bearish-Below 45470 Invalid-Above 45580 T- 45240 44950 BANKNIFTY has closed with a minor cut of 0.13% today. Buy triggered as per trade setup which hit sl. However 10 o'clock range broke before that and this gave 180+ points gain if considered. Since last 3 sessions index is in contraction mode. We have a tight range for tomorrow's session also. 45640 and 45470 are important levels for tomorrow's session. High probability trade looks in sell side if triggers. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 45640 then we will long for the target of 45905 and 46135. For selling we need a 15 min candle close below 45470. T- 45240 and 44950. 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 01-08-2023Travelling above 45969, it may easily reach to its full target of 46213, in between 46076 is super strong resistance. Semi burst bollinger band , 45785 is an important level , if price remains above it and crosses standard deviation 2 , then you can take it as full fledge burst of bollinger band, and it may go much higher along side standard deviation3. if price goes below 45785, then there will be very little chance to take support on Median line it may go down to 45464, in between 45588 is a strong support.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 01 Aug 2023BANKNIFTY Intraday Trade Setup For 01 Aug 2023 Bullish-Above 45700 Invalid-Below 45590 T- 45901 46135 Bearish-Below 45470 Invalid-Above 45580 T-45240 44950 BANKNIFTY has closed with positive gain today of 0.4% today. Buy triggered as per trade setup above 45530 and gave 150+ points gain, although our expected target was not met and it closed. It has formed an inside candle in daily TF which is a sign of contraction. 45730 and 45230 is the broader range as per the inside candle. Above 45700 if sustained then it can test 45935 and above which 46135. It will be bearish below 45470. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45700 then we will long for the target of 45900-35 and 46135. For selling we need a 15 min candle close below 45470. T- 45240 and 44950. 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 31 Jul 2023BANKNIFTY Intraday Trade Setup For 31 Jul 2023 Bullish-Above 45530 Invalid-Below 45420 T-45805 46115 Bearish-Below 45230 Invalid-Above 45340 T-44949 44725 BANKNIFTY has closed on a slight bearish note with 1.32% cut last week. Index can give a pullback as down move but for that we have to wait patiently till a bearish price structure is established in daily TF. Also in hourly TF it is bearish, invalidation till a reversal sign is spotted. So its sell on rise till then. Reversal (M) structure has to be followed in 5 and 15 Min TF in the up moves. 45530 and 45230 are important level to look for breakout in tomorrow's session. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45530 then we will long for the target of 45805 and 46115. For selling we need a 15 Min candle close below 45230. T- 44949 and 44725. 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 31.07.2023Lookslike a sideways, squeeze in bollinger band.it may take long time to burst, may be in last one hour of monday or in tuesday. Whenever market closes near median line, it remains sideway first half of the day in next trading day. and then it gives nice moves to bursted side. gap up and gap down not considered. if price goes above 45807, after breaking sideways or after spending some times below 45807, then it will reach 46010, 46010 is a super strong resistance zone price may retrace from here to reach again median line.if price crosses above 46010 then it will easily achieve 46209. if price goes below 45524 after breaking sideways then or after spending some time over 45524 then it cas esily reach to the level of 45141.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 28 Jul 2023BANKNIFTY Intraday Trade Setup For 28 Jul 2023 Sell-From 46060 Invalid-Above 46170 T- 45775 45570 Bearish-Below 45570 Invalid-Above 45680 T- 45227 44890 BANKNIFTY has closed on a bearish note with 0.83% cut today. It has formed a bearish engulfing candle in daily TF. Approach will be to sell on rise till it gives a breakout of 46370. Today it opened directly at 1st buy target via gap up. Later 10 o'clock range broke downside below 46175 and gave a trendy move. Meanwhile sell also triggered 45900 and hit 1st target (45575) very smoothly. In case of a gap up tomorrow we will plan for sell near 46060, one can safely do below 1st 5Min candle low. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes below 45570 then we will long for the target of 45227 and 44890. 2nd sell position from 46060 in case of gap up. T- 45775 and 45570. 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 27 Jul 2023BANKNIFTY Intraday Trade Setup For 27 Jul 2023 Bullish-Above 46100 Invalid-Below 45990 T-46320 46535 Bearish-Below 45900 Invalid-Above 46010 T- 45622 45377 BANKNIFTY has closed on a bullish note today with 0.47% gain today. Buy triggered as per trade setup above 45945 and inched slowly and steadily towards 1st target. Trade gave around 150 points move but the momentum was just too choppy. If it sustains above today's high - 46100 then a possibility of a good upside move is there. Below 45900 it will have a bearish stance. While important level for downside is 45600 in hourly TF. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 46100 then we will long for the target of 46320 and 46535. For selling we need a 15 Min candle close below 45900. T- 45622 and 45377. 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
NIFTY Intraday Trade Setup For 27 Jul 2023NIFTY Intraday Trade Setup For 27 Jul 2023 Bullish-Above 19830 Invalid-Below 19780 T- 19935 20045 Bearish- Below 19710 Invalid-Above 19760 T- 19615 19515 NIFTY has closed on a bullish note with 0.5% gain today. Yesterday we discussed that index looks slight bullish by yesterday's closing. It played out very well. Buy triggered as per trade setup above 19710 and hit our 1st target (19825) which was half bat (0.5) PRZ. It acted as a killer resistance in today's market. If NIFTY sustains below 19750 then it will have bearish stance. Above 19830 it will give a breakout towards ATH. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 19830 then we will long for the target of 19935 and 20045. For selling we need a 15 min candle close below 19710. T- 19615 and 19515. 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:NIFTY
by Omahto
8
BANKNIFTY Intraday Trade Setup For 26 Jul 2023BANKNIFTY Intraday Trade Setup For 26 Jul 2023 Bullish-Above 45945 Invalid-Below 45835 T- 46170 46400+ Bearish-Below 45620 Invalid- Above 45730 T-45377 45129 BANKNIFTY has closed on a slight bearish note with 0.17% cut today. Sell triggered as per trade setup below 45855 and hit our 1st target. Trade gave more than 200 points gain (45855-45623). 45950 and 45620 are important levels to look for breakout any side. High probability trades looks in the downside though while up moves have to be watch carefully for a reversal structure (M structure) in 5 Min TF. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45945 then we will long for the target of 46170 and 46400. For selling we need a 15 Min candle close below 45620. T- 45377 and 45129. 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 25.07.2023You may see a good bollinger burst today. as you are seeing here that its taking resistance at median line and price also made a symytrical triangle, whichever side its break will give you good move, more powerful move in downside. If price moves above 46080 then it may resistance at 46214 , crossing 46214 will be very bullish and price can go beyond full target. If price moves below 45864 then you can see a strong downmove and price will reach 45579, 45725 is also a good support.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 25 Jul 2023BANKNIFTY Intraday Trade Setup For 25 Jul 2023 Bullish-above 46095 Invalid- below 45985 T- 46320 46530 Bearish-below 45855 Invalid-above 45965 T- 45630 45404 BANKNIFTY has closed on a slight bearish note (just got passing marks :) with 0.33% cut today. In the weekend we discussed that it has created a bearish sentiment candle in daily TF on Friday. Today it was active throughout the day where all the up moves were sold into. Bearish sentiment likely to continue tomorrow below today's low. Also sentiment likely to be decline till we make a proper reversal structure in hourly TF. 46095 and 45855 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 46095 then we will long for the target of 46320 and 46530. For selling we need a 15 min candle close below 45855. T- 45630 and 45404. 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