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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
BANKNIFTY Intraday Trade Setup For 24 Jul 2023BANKNIFTY Intraday Trade Setup For 24 Jul 2023 Buy-Above 46265 Sl-46155 T- 46530 46852 Sell-Below 45920 Sl-46030 T- 45640 45404 BANKNIFTY has closed on a slight bearish note last Friday by making a shooting star candle in daily TF. Weekly candle is bold with 2.8% gain. So above 46370 we will resume the up move. But below 45920 if sustained we may start the profit booking move, that's the shooting star candle low and also hourly last swing low. While intraday levels are 46265 and 45920 also be very strict in trailing in both side trades as chances of a decline move is high after an impulse. 46800 and 45400 are important resistance and support respectively in hourly TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 46265 then we will long for the target of 46530 and 46852. For selling we need a 15 Min candle close below 45920. T- 45640 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
BANKNIFTY Intraday Trade Setup For 21 Jul 2023BANKNIFTY Intraday Trade Setup For 21 Jul 2023 Buy-Above 46260 Sl-46150 T- 46530 46852 Sell-Below 45980 Sl-46090 T- 45750 45510 BANKNIFTY has closed on a super bullish note with more than 1% gain today. It opened flat and then buy triggered as per trade setup. Trade hit both our targets very smoothly (45710-46250+). After buy was triggered it hovered near cost 12 PM. Post that a trendy move came. On 17 July it was updated that 44500 region is a CIP support zone in daily TF. Above the Pin bar candle's high formed on 14 July we expected good upside move. It has given about 1300 points rally after that against 400 points risk. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46260 then we will long for the target of 46530 and 46852. For selling we need a 15 min candle close below 45980. T- 45750 and 45510. 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
1
Banknifty future chart analysis for 20.07.2023Bollinger squeeze and about to burst in 30 minute chart. if bollinger burst and price travel s upside and crosses 45816 then it may touch 45933 easily , which is a strong resistance, crossing above 45933 price may reach easily to the level of 46129. if bollinger do not burst upside and starts travelling below and crosses down below 45618 then you may see a strong down move and bollinger may burst down side. and it will achieve all its level and may be more than levels.
NSE:BANKNIFTY1!
by stoxway
BANKNIFTY Intraday Trade Setup For 20 Jul 2023BANKNIFTY Intraday Trade Setup For 20 Jul 2023 Buy-Above 45710 Sl-45600 T- 45925 46230 Sell-Below 45510 Sl-45400 T- 45280 45034 BANKNIFTY has closed with 0.57% gain today. It has formed an inside candle in daily TF which is a sign of contraction which results sideways before any fresh trendy move. It was a total choppy market today. Nothing triggered as per trade setup today. Today's daily candle is buyers candle so below today's low there can be aggressive selling. Since it a slight bullish candle so above today's high, bullish momentum can be expected. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 45710 then we will long for the target of 45925 and 46230. For selling we need a 15 Min candle close below 45510. T- 45281 and 45034. 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 19 Jul 2023BANKNIFTY Intraday Trade Setup For 19 Jul 2023 Buy-Above 45655 Sl-45545 T- 45925 46230 Sell-Below 45280 Sl-45390 T- 45034 44790 BANKNIFTY has closed on an absolute flat note today. It opened with a decent continuation gap and tested our buy target in the 1st 15 Min candle. Since it opened gap up so 10 o'clock range worked perfectly. Range broke downside below 45580 and gave almost 300 points gain. Coming to tomorrow's session, it has formed a base at 45280, breakdown can initiate a good down move for intraday. Buying momentum will kick in above today's high but 45655 is a crucial swing high to look for breakout. Be strict in trailing. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45655 then we will long for the target of 45925 and 46230. For selling we need a 15 Min candle close below 45280. T- 45034 and 44790. 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 18 Jul 2023BANKNIFTY Intraday Trade Setup For 18 Jul 2023 Buy-Above 45560 Sl-45450 T- 45855 46125 Sell-Below 45040 Sl-45150 T- 44795 44547 BANKNIFTY has closed on a bullish note as expected. Last day we discussed that 44500 area is a CIP support zone in daily TF and yesterday's Pin-bar candle strengthened our view. We expected that support will be taken above 44925 and we will trade that. Today buy triggered as per trade setup in the 2nd half and hit all our targets. Trade gave more than 550 points gain (44925- 45556+) Now bullishness likely to continue above today's high if sustained in 15 MIN post 10 AM.45300 is a crucial zone to watch out for both side price action building. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45560 then we will long for the target of 45855 and 46125. For selling we need a 15 Min candle close below 45040. T- 44795 and 44547. 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 17 Jul 2023BANKNIFTY Intraday Trade Setup For 17 Jul 2023 Buy-Above 44925 Sl-44815 T- 45190 45425 Sell-Below 44540 Sl- 44650 T- 44327 44110 BANKNIFTY has closed almost flat last week and made a neutral candle. Last week one view we built is that we will short every rise in intraday with a bearish/M structure in 5 MIN TF as the index was in decline cycle. It worked almost on all 5 sessions last week. Now for this week it has created a neutral sentiment. Also it was said that 44500 zone is a CIP support. It has formed a pin bar candle in daily TF. So above its high we can expect that the support has been taken. Below 44540 there can be downside move. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44925 then we will long for the target of 45190 and 45425. For selling we need a 15 Min candle close below 44540. T- 44327 and 44110. 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
3
Bank Nifty future chart analysis for 17.07.2023As you are seeing here a declining wedge (wedge rules- gives good movement to opposite side) you are also seeing that last two breakout did not sustain , may be this time it will sustain if it crosses above 45044, above 45044 there is a high chance that it will reach 45295. but if it will goes inside again after breaking upside of the wedge then it will reach 44679 certainly. if it crosses down below 44820 ,without crossing upside the it may face strong support at 44679 and may again travel upside to the level of 45044. crossing down below 44679 may push it much deeper side.
NSE:BANKNIFTY1!
by stoxway
1
BANKNIFTY Intraday Trade Setup For 14 July 2023BANKNIFTY Intraday Trade Setup For 14 July 2023 Buy-Above 44870 Sl-44760 T- 45125 45370 Sell-Below 45610 Sl-45720 T- 44350 44110 BANKNIFTY has closed on an absolute flat note today. Buy triggered as per trade setup above 44940 and gave 140 points gain but did not hit our expected target. Once again the same sell the rise worked perfectly in today's market. This in every trade setup it has been mentioned that in each rise we have to find a reversal structure (M structure) in 5 Min TF for a sell trade as index has entered decline phase. Today's high is a bit important for any sort of bullish reversal in hourly TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 45090 then we will long for the target of 45370 and 45655. For selling we need a 15 Min candle close below 44610. T- 44350 and 44110. 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 13 Jul 2023BANKNIFTY Intraday Trade Setup For 13 Jul 2023 Buy-Above 44940 Sl-44830 T- 45185 45420 Sell-Below 44560 Sl-44670 T- 44270 43979 BANKNIFTY has closed on a bearish note once again with 0.24% cut today. Since the start of this week it has been updated everyday that index is in decline phase and all the up moves are for selling on a bearish price (M) structure in 5 Min TF. Yesterday one view was discussed that index may give a pullback till 0.618 level. It gave a dot reversal from that zone today. it is moving in a channel pattern in hourly TF. One major move may come on breakout either side. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44940 then we will long for the target of 45185 and 45420. For selling we need a 15 Min candle close below 44560. T- 44270 and 43979. 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 12 Jul 2023BANKNIFTY Intraday Trade Setup For 12 Jul 2023 Buy-Above 45140 Sl-45030 T- 45397 45655 Sell-Below 44660 Sl-44770 T- 44443 44220 BANKNIFTY has closed on slight bearish sentiment once again with 0.26% cut. Buy triggered as per trade setup above 44950 and gave around 1:1 then reversed without our target. Then 10 o'clock range broke downside below 44930 and gave a trendy move till 44665. On a flat opening it may give a pullback tomorrow. In case of pullback we need a find a M structure in 15 Min TF near 45000 for a short trade. It was updated yesterday that all up moves must be considered for short on a bearish structure in 5 MIN TF. Today it worked fantastic. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45140 then we will long for the target of 45397 and 45655. For selling we need a 15 Min candle close below 44660. T- 44443 and 44220. 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 10 Jul 2023BANKNIFTY Intraday Trade Setup For 10 Jul 2023 Buy- Above 45090 Sl-44980 T- 45352 45655 Sell- Below 44840 Sl- 44950 T- 44605 44357 BANKNIFTY has closed on a bearish note on Friday with almost 1% cut. On 4th Jul it was updated that the range breakout's first target is hit which was triggered above 44500. Trade gave around 1100 points move. Now it has closed below PDL in daily TF which is a sign of weakness. Below Friday's low it can create more bearishness. However we want a structure in daily TF for a confirmed short. Next bullish momentum above 45700. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45090 then we will long. T- 45352 and 45655. For selling we need a 15 Min candle close below 44840. T- 44605 and 44357. 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