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BANKNIFTY Intraday Trade Setup For 23 Jun 2023BANKNIFTY Intraday Trade Setup For 23 Jun 2023 Buy- Above 43860 Sl-43755 T- 44040 44280 Sell-Below 43660 Sl- 43765 T- 43465 43270 BANKNIFTY has closed on a bearish note with 0.31% cut. Hourly range has been updated last week only. Till the time we are inside 43390 and 44500 in hourly TF. It was said last week that we will see sideways momentum till we give hourly breakout. Range trading is all about buying from support and selling from resistance. Today buy triggered as per trade setup which hit sl then it turned full volatile inside previous day's range. 43860 and 43660 are important levels for tomorrow's session. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43860 then we will long for the target of 44040 and 44280-300. For selling we need a 15 min candle close below 43660. T- 43465 and 43270. 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 22 Jun 2023BANKNIFTY Intraday Trade Setup For 22 Jun 2023 Buy-Above 43950 Sl- 43845 T- 44130 44315 Sell-Below 43690 Sl-43795 T- 43514 43330 BANKNIFTY has closed with slight bullish sentiment with 0.21% gain today. Buy triggered above 43825 and gave around 100 points and closed almost at our buy level. Tomorrow can be a good trending day in both the direction above and below the key levels 43950 and 43690. Good momentum will be on breakout of this range. In between this 250 points zone it will sideways with noisy moves. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43950 then we will long for the target of 44130 and 44315. Extended T- 44510. For selling we need a 15 Min candle close below 43690. T- 43514 and 43330. 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 Intraday Trade Setup For 21 Jun 2023BANKNIFTY Intraday Trade Setup For 21 Jun 2023 Buy-Above 43825 Sl- 43720 T- 44100 44315 Sell-Below 43560 Sl-43665 T- 43330 43075 BANKNIFTY has closed on a bullish note with 0.3% gain today. It opened flat and sell triggered below 43500 and almost hit our 1st target . Trade gave more than 150 points gain. Later it gave a reversal above 43480 , ended with a bullish sentiment by closing at day high. Today hourly range low - 43390 was tested but none hourly candle closed below that. Now fresh level is 43340. Breakdown of this will give us the next round of selling. 43825 and 43560 are the important levels for tomorrow's session. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 43825 then we will long for the target of 44100 and 44315. For selling we need a 15 Min candle close below 43560. T- 43330 and 43075. 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 20 Jun 2023BANKNIFTY Intraday Trade Setup For 20 Jun 2023 Buy-Above 43760 Sl- 43655 T- 43935 44115 Sell-Below 43500 Sl-43605 T- 43268 43068 BANKNIFTY has closed on a bearish note with 0.69% cut today. It was in bear's grip from the 1st candle onwards. As we have given a breakdown of the rising wedge pattern in hourly TF. 43930 is our short level as per this. Now it should not re-test again our entry price. So that will be our TSL now. 43390 is the hourly range low; breakdown can give us a smooth profit in our existing position. 43760 and 43500 are the levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 43760 then we will long for the target of 43935 4415. For selling we need a 15 Min candle close below 43500. T- 43268 and 43068. 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 16 May 2023BANKNIFTY Intraday Trade Setup For 16 May 2023 Sell_1- Below 43390 Sl-43495 T- 43185 42970 Sell_2- From 43820 Sl-43925 T- 43607 43400 BANKNIFTY has closed on a bearish note with 1.24% cut today. It opened flat and sell triggered @43950. It was a perfect and dot level as fall started from this level. This gave a non-stop fall till 43400. Trade gave550 points, it was a great RR trade (1:5). Also it was mentioned in the weekend level that 43930 is the activation level of the rising wedge pattern. It was a very strong level which we picked. It was said that it will be considered and activated in hourly TF, candle closed and we enjoyed a free fall. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 43390 then we will short. T- 43185 and 42970. 2nd sell level is from 43820 in case of a gap up. T- 43607 and 43400. 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 Jun 2023BANKNIFTY Intraday Trade Setup For 12 Jun 2023 Buy-Above 44070 Sl-43965 T- 44288 44510 Sell-Below 43930 Sl- 44035 T- 43690 43290 BANKNIFTY has closed on with neutral gains last week but the sentiment was slightly bearish. It has formed a shooting star candle in daily and weekly TF both. Last week we discussed that index is inside the rising wedge pattern in hourly TF. Last week we gave a breakout of the pattern. Now below 43930 it will be active. Will trail till it makes a proper reversal structure in hourly TF. 43230 is important in the upside in case it reverses. High probability trade is in down side tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44070 then we will long for the target of 44288 and 44510. For selling we need a 15 Min candle close below 43930. T- 43690 and 43490. 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
2
BANKNIFTY Intraday Trade Setup For 15 Jun 2023BANKNIFTY Intraday Trade Setup For 15 Jun 2023 Buy-Above 44065 Sl-43960 T- 44225 44367 Sell-Below 43950 Sl-44055 T- 43780 43580 BANKNIFTY has closed with a slight cut of 0.21% today. nothing triggered as per trade setup and it was complete rangebound market. After 10 o'clock it traded within a tight range of 100 points. In hourly TF after the trendline breakdown it has not activated the lower level for downside trigger. 43870 is the hourly low, below which a good downside move will be activated. 44220 and 43870 is the hourly range. Its been almost a week index is stuck in this narrow range of 350 points. Swings will become medium length only when VIX moves above 14. Above 16 it will be a good momentum days. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44065 then we will long for the target of 44225 and 44367. For selling we need a 15 Min candle close below 43950. T- 43780 and 43580. 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 Jun 2023BANKNIFTY Intraday Trade Setup For 14 Jun 2023 Buy-Above 44140 Sl- 44035 T- 44337 44510 Sell-Below 43945 Sl-44050 T- 43780 43580 BANKNIFTY has closed on a slight note with 0.21% gain today. It was having a bullish bias since opening as it had open= low. Buy triggered as per trade setup and hit our 1st tgt. Trade gave more than 130 points gain (44005-44138+) which was 1:1. It has been updated many time that we have to focus on small RR gains and not for very big targets bcs they cant' be achieved due to short length moves which is due to ultra low VIX. Rising wedge breakdown is still pending as no hourly candle has closed below 43915. Now below 43870 it will be active. 44140 and 43945 are important levels for tomorrow. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44140 then we will long for the target of 44337 and 44510. For selling we need a 15 Min candle close below 43945. T- 43780 and 43580. 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
NiftyBank Key Trading Levels 13th June 2023 for Options TradingNiftyBank Key Trading Levels 13th June 2023 Options Trading Disclaimer: I do not give any tips or buy sell recommendation I only teach trading strategies. These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view. Please consult your Financial Advisor before making any trading decision
NSE:BANKNIFTY
by sbkurandwad77
BANKNIFTY Intraday Trade Setup For 13 Jun 2023BANKNIFTY Intraday Trade Setup For 13 Jun 2023 Buy-Above 44005 Sl-43900 T- 44155 44337 Sell-Below 43870 Sl-43975 T- 43690 43490 BANKNIFTY has closed closed almost on a flat note with 0.10% cut today. It consolidated the whole day today in a very narrow range. It was a total sideways and momentum less market. This is due to ultra low VIX environment. Swing have become ultra short length due to this. Below 43870 we can expect good downside move tomorrow. Also in hourly TF is to sustain below that. Above 44005 if sustained we can get very good move in the upside. But keep tight trailing. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44005 then we will long for the target of 44155 and 44337. For selling we need a 15 min candle close below 43870. T- 43690 and 43490. 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 09 Jun 2023BANKNIFTY Intraday Trade Setup For 09 Jun 2023 Sell_1- Below 43910 Sl-44015 T- 43700 43515 Sell_2- From 44255 Sl-44360 T- 43950 43700 BANKNIFTY has closed on a bearish note with 0.63% cut today. Buy triggered as per trade setup above 44350. But it was mentioned last day that if we sustain above 44300 then we can have bullish momentum. It gave a move till 44459 which was more than 150 points gain. Later it slipped below 10 o'clock range and gave one way move which was more than 250 points. Now it is at the hourly trendline support (rising wedge). Below today's low there will be breakdown , we have to follow hourly TF for this. Coming to Friday's trade setup, if index opens flat and or below 44255 then this zone (44255) is tested in the 1st hour then we will short from there. T- 43950 and 43700. 2nd sell is below 43910 on a 15 Min candle close. T- 43700 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 08 Jun 2023BANKNIFTY Intraday Trade Setup For 08 Jun 2023 Buy-Above 44350 Sl-44245 T- 44523 44675 Sell-Below 44140 Sl-44245 T- 44000 43840 BANKNIFTY has closed with slight gain of 0.25% today. It opened opened with a decent gap up today. 10 o'clock rage broke downside below 44231 and gave 85+ points gain with less than 50 points sl. On a flat opening if it sustains above 44300 then it can show strength tomorrow, confirmation above 44350. Below 44140 there can be good selling momentum and we can see good profit booking. Tomorrow is RBI Policy at 10 AM so safe traders should trade after market settles in the 2nd session. Tomorrow is expiry and credit policy both so market can be volatile and random. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44350 then we will long for the target of 44523 and 44675. For selling we need a 15 min candle close below 44140. T- 44000 and 43840. 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