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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
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