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BANKNIFTY Intraday Trade Setup For 05 June 2023BANKNIFTY Intraday Trade Setup For 05 June 2023 Buy-Above 44090 Sl- 43985 T- 44305 44515 Sell-Below 43840 Sl-43945 T- 43680 43475 BANKNIFTY has closed on a slight bearish note last week, after a fresh ATH which we were targeting since long time. In hourly TF we are currently inside the parallel channel/ rising wedge pattern. We tested the the lower trendline last week and then a small support was taken. Now breakout of this rising wedge will be considered below 43700. Above 44090 if we sustained then more bounce from the lower trendline will unfold. Important turning point level is 44500 in the upside for a bullish momentum. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44090 then we will long for the target of 44305 and 44515. For selling we need a 15 Min candle close below 43840. T- 43680 and 43475. 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 02 Jun 2023BANKNIFTY Intraday Trade Setup For 02 Jun 2023 Buy-Above 44000 Sl-39895 T- 44265 44515 Sell-Below 43700 Sl-43805 T- 43500 43295 BANKNIFTY has once again closed on a bearish note with 0.77% cut. Today it opened flat and traded between last day's range for the whole day. Only in the last 15 Min the range low was tested. Below today's low there will a rising wedge breakdown in hourly TF. So we can expect good down move in below the trendline in hourly TF. Bullish momentum will start above 44500. This will be a short term breakout in the daily TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44000 then we will long for the target of 44265 and 44515. For selling we need a 15 Min candle close below 43700. T- 43500 and 43295. 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 1 Jun 2023BANKNIFTY Intraday Trade Setup For 1 Jun 2023 Buy-Above 44270 Sl-44165 T- 44515 44755 Sell-Below 43820 Sl-43925 T- 43575 43330 BANKNIFTY has closed on a bearish note with 0.69% cut today. It opened with a slight gap down and then sell triggered with a very big candle. Trade hit both the targets as per trade setup. 10 o'clock range broke downside below 44050 and gave a trendy move. Trade gave more than 200 points with around 100 points which was 1:2 (44050-43823). Today's low is very important. If tomorrow's low is breached tomorrow then we will initiate the pullback move in daily TF. Sustaining above today's high in daily TF may result in uptrend continuation. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44270 then we will long for the target of 44515 and 44755. For selling we need a 15 Min candle close below 43820. T- 43575 and 43330. 44045 is turning point for both sides. 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 May 2023BANKNIFTY Intraday Trade Setup For 31 May 2023 Buy-Above 44500 Sl- 44395 T- 44755 45026 Sell-Below 44360 Sl-44465 T- 44190 43965 BANKNIFTY has once again closed on a slight bullish note with 0.28% gain. Today it opened flat and traded within previous day's range. Nothing triggered as per trade setup. Intraday momentum was complete sideways after the 1st 15 Min candle , just like yesterday. Index has been in consolidating between 44500 and 44190 for the last two days. Breakout of this range may result in trendy move. For tomorrow's session 44500 and 44360 are important levels. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44500 then we will long for the target of 44755 and 45026. For selling we need a 15 Min candle close below 44360. T- 44190 and 43965. 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 30 May 2023BANKNIFTY Intraday Trade Setup For 30 May 2023 Buy-Above 44485 Sl-44380 T- 44755 45026 Sell-Below 44190 Sl-44295 T- 43965 43735 BANKNIFTY has closed with 0.67% gain today. On weekend we discussed that index is ready for another short term bullish momentum which is active now. The daily range has been broken in the upside. Today it opened with a big gap up and then after the 1st 15 Min candle index was inside 10 o'clock range. It was a sideways momentum market. Now approach will be to buy on dips as the mother trend is bullish. Keep a strict trailing in sell side whenever we get. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44485 then we will long for the target of 44755 and 45026. For selling we need a 15 Min candle close below 44190. T- 43965 and 43735. 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 29 May 2023BANKNIFTY Intraday Trade Setup For 29 May 2023 Buy-Above 44070 Sl-43965 T- 44300 44531 Sell-Below 43840 Sl-43945 T- 43580 43330 BANKNIFTY has closed on a slight bullish sentiment last week and day with 0.48% and 0.77% respectively. Last week it was inside the the range of 44160 and 43440 CB. Daily range for this week is 44160 and 43390. This range breakout has to be sustained in daily TF. A good bullish momentum is likely to unfold above ATH. Below 43390 position sell will be triggered. Bullish momentum likely to continue above 44070, best suited on flat on flat opening. 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 44300 and 44531. For selling we need a 15 Min candle closes below 43840. T- 43580 and 43330. 43735 can be an intraday support. 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 26 May 2023BANKNIFTY Intraday Trade Setup For 26 May 2023 Buy-Above 43720 Sl-43615 T- 43910 44100 Sell-Below 43390 Sl-43495 T- 43200 43017 BANKNIFTY has closed on absolute flat note today. Sell triggered below 43635 and hit our 1st target very smoothly (43635-43391). There was a sharp recovery from the 1st support zone and it closed at day high. Today hourly zone was tested, now below 43390 we will open a short short trade below 43390 positionally. It has formed a pin bar candle in daily charts, above its high 43720 there can be good up move. 43555 is deciding level for both sides in intraday. However we will short below 43390. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43720 then we will long for the target of 43910 and 44100. For selling we need a 15 Min candle close below 43390. T- 43200 and 43017. 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
S&P500 indexS&P500 index is looking good for a rally in the coming days , with a downward trendline breakout showing a possible trend change in the index , and also a good inside bar breakout on monthly time frame , retest is done and if this monthly candle(MAY) manages to close above the zones of 4140 , a possible bulll momentum of 9-10% can be seen in the index in coming days , view will be invalid if monthly candle closes below 4140 levels , SL will be 4020 levels if monthly candle closes above 4140
TVC:SPXLong
by sniper1290
BANKNIFTY Intraday Trade Setup For 25 May 2023BANKNIFTY Intraday Trade Setup For 25 May 2023 Buy-Above 43855 Sl-43750 T- 44100 43305 Sell-Below 43635 Sl-43740 T- 43425 43235 BANKNIFTY has closed on a bearish note with 0.63% cut today. It opened with a decent gap down and 10 o'clock range broke upside above 43920 and gave around 90 points gain. Later sell triggered below 43850 and hit our 1st target very smoothly (43850-43640). Till now index is inside hourly range discussed last week. Hourly range is 44160 and 43440. There can be good selling pressure below 43635 if sustained. Above 43855 we can get good upside momentum. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43855 then we will long for the target of 44100 and 44305. For selling we need a 15 min candle close below 43635. T- 43425 and 43235. Ride the sell move with previous high as TSL in 5 MIN TF. 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 May 2023BANKNIFTY Intraday Trade Setup For 24 May 2023 Buy-Above 44100 Sl-43995 T- 44305 44555 Sell-Below 43850 Sl-43955 T- 43670 43480 BAKNIFTY has closed with a slight gain 0.16% gain today. It was complete sideways market, except the last 45 Min small downside move. Buy triggered as per trade setup but it just consolidated at buying price almost the whole day which eventually hit sl post 3PM. BANKNIFTY is consolidating tightly in daily and hourly TF. Hourly major swing are 44160 and 43440. Breakout of this range will give us the next trendy move. Above 44100 we can expect good upside momentum. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44100 then we will long for the target of 44305 and 44555. For selling we need a 15 Min candle close below 43850. T- 43670 and 43480. 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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BANKNIFTY Intraday Trade Setup For 23 May 2023BANKNIFTY Intraday Trade Setup For 23 May 2023 Buy-Above 44030 Sl-43925 T- 44305 44555 Sell-Below 43680 Sl-43785 T- 43480 43275 BANKNIFTY has closed with a slight cut of 0.19% today. Last day it formed a Pin bar and we anticipated a bullish momentum above its high. It did not trigger our buy level as 15 Min candle did not close. Later sell triggered below 43790 and gave 100 points gain (1:1). A Pin bar candle has been formed once again in daily TF, high and low are very important for a directional move. It has formed a symmetrical triangle in 15 Min TF. Breakout of this and sustained price action will give us a good direction move. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 44030. T- 44305 and 44555. For selling we need a 15 Min candle close below 43680. T- 43480 and 43275. 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