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Niftybank

Simple Trade Setup | BANKNIFTY | 09-05-2023 [INTRADAY]NSE:BANKNIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 09-05-2023 Most of all the levels and zones remains same as per previous. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
BANKNIFTY Intraday Trade Setup For 09 May 2023BANKNIFTY Intraday Trade Setup For 09 May 2023 Buy-Above 43420 Sl-43315 T- 43638 43858 Sell-Below 43195 Sl-43300 T- 42989 42780 BANKNIFTY has closed on a bullish sentiment with almost 1.5% gain today. Last day index closed below PDL and today it failed to hit our TSL in long as that candle's low was safe and eventually it rallied. Last day a pullback was scenario was discussed that there is a possibility that it can test 43335 in the 1st hour so has happened. Also price fell almost 150 points from 0.618 plotted. Tomorrow's best trade will be done on flat opening. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 43420 then we will long for the target of 43638 and 43858. For selling we need a 15 Min candle close below 43195. T- 42989 and 42780. 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 8 May 2023BANKNIFTY Intraday Trade Setup For 8 May 2023 Sell_1- Below 42580 Sl-42685 T- 42240 41958 Sell_2- From 43335 Sl-43440 T- 43085 42840 BANKNIFTY has closed on bearish sentiment last day and week with 2.34% and 1.32% cut respectively. After 5 weeks of mega rally it closed on a bearish sentiment and is likely to give small pullback below currents week's low . This pullback can take BANKNIFTY to 41600-41700. Next bullish momentum will be based on fresh bullish reversal structure in hourly and daily TF. Best trade will be on flat opening tomorrow. Coming to Monday's trade setup, if index opens flat and a 15 Min closes below 42580 then we will short for the target of 42240 and 41958. In case it opens with a very big gap up then we will plan a short from 43335. T- 43085 and 42840. 43085 is yet another resistance. 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
Simple Trade Setup | Banknifty | 08-05-2023 [INTRADAY]NSE:BANKNIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 08-05-2023 Most of all the levels and zones remains same as per previous. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
BANKNIFTY Intraday Trade Setup For 05 May 2023BANKNIFTY Intraday Trade Setup For 05 May 2023 Buy-Above 43740 Sl-43635 T- 43953 44165 Buy_2- From 43415 Sl-43310 T- 43570 43730+ BANKNIFTY has closed on a bullish note with 0.86% gain. Today buy triggered above 43355 and hit both the targets very smoothly. It gave more than 380 points gain, almost 1:4 RR. On 23 Apr we planned our long above 42385. After it was triggered since then we are enjoying non stop rally. Till now we have captured more than 1300 points. Last week also it was said that we are heading towards ATH. If a daily candle closes below PDL and that red candle's low is breached then our TSL will be hit and a sentimental halt will take place in that case. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43740 then we will long for the target of 43953 and 44165. In case it opens below today's high and 43415 is tested then we will buy from there for the target of 43570 and 43730+. 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 4 May 2023BANKNIFTY Intraday Trade Setup For 4 May 2023 Buy-Above 43355 Sl-43250 T- 43540 43755 Sell-Below 43075 Sl-43180 T- 42880 42727 BANKNIFTY has closed on a flat note today. Today it opened with a decent gap down directly at our 1st sell target which was also a PRZ (0.618) level. As usual sharp bounce came from there. Later it tested the sell level- 43260 and fell more than 150 points whish was more than 1:1. It has closed on a bullish sentiment as after a gap down opening it has closed at day high. Bullish momentum likely to continue above today's high. Index will turn change its hourly structure into bearish below 43070. 43180 is also important to watch so as early sign. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43355 then we will long for the target of 43540 and 43755. For selling we need a 15 Min candle close below 43070. T- 42880 and 42727. 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 3 May 2023BANKNIFTY Intraday Trade Setup For 3 May 2023 Buy-Above 43490 Sl-43385 T- 43715 43940 Sell-Below 43260 Sl-43365 T- 43065 42810 BANKNIFTY has closed with with a slight bullish sentiment with 0.27% gain today. Whole gain is contributed via gap up and in intraday it was just sideways within less than 200 points range. It has formed a spinning top in daily charts which is sign of pause. If it sustains below below today's low then we will can give pullback of the up move we enjoyed last week. Above today's high bullish sentiment will be intact. Initial 200 points move can be expected above and below today's high and low. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43490 then we will long for the target of 43715 and 43940. For selling we need a 15 Min candle close below 43260. T- 43065 and 42920, 42800. 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 May 2023BANKNIFTY Intraday Trade Setup For 02 May 2023 Buy-Above 43305 Sl-43195 T- 43535 43765 Sell-Below 43000 Sl-43110 T- 42789 42600 BANKNIFTY has closed on a bullish sentiment with 0.54% and 2.65% gain last day and week respectively. Last week it was said that above 42385 is the breakout level when price was at 42118. After it was triggered it has given more than 900 points gain. We will ride this trade with TSL as PDL (CB). There will be sentimental halt only when we will close below PDL. Bullish momentum likely to continue above today's high. We have been riding this mega move from 39710 in pieces. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 43310 then we will long for the target of 43535 and 43765. For selling we need a 15 Min candle close below 43000. T- 42789 and 42600. 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
Simple Trade Setup | BANKNIFTY | 02-05-2023 [INTRADAY]Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 02-05-2023 Most of all the levels and zones remains same as per previous. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level. NSE:BANKNIFTY
NSE:BANKNIFTY
by Trading_hawk
BANKNIFTY Intraday Trade Setup For 28 Apr 2023BANKNIFTY Intraday Trade Setup For 28 Apr 2023 Buy-Above 43045 Sl-42935 T-42335 42620 Sell-Below 42790 Sl-42900 T- 42615 42430 BAKNIFTY has closed on a bullish sentiment with 0.4% gain today. Last week it was said that 42380 is very important above which we we will plan the directional trade. After it was triggered we are in smooth profit of more than 650 points (42380-43043+). Bullishness likely to continue above today' s high. Today buy triggered above 42880 which was updated to exit at cost and was told to enter in the next time. Later in the 2nd attempt it gave more than 150 points after re-entry. Momentum was sideways unlike NIFTY. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43045 then we will long for the target of 43335 and 43620. For selling we need a 15 Min candle close below 42795. T- 42615 and 42430. 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
Simple Trade Setup | BANKNIFTY | 28-04-2023 [INTRADAY]NSE:BANKNIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 28-04-2023 Most of all the levels and zones remains same as per previous. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
BANKNIFTY Intraday Trade Setup For 27 Apr 2023BANKNIFTY Intraday Trade Setup For 27 Apr 2023 Buy-Above 42880 Sl-42775 T-43105 43335 Sell-Below 42650 Sl-42755 T- 42450 42185 BANKNIFTY has closed on a bullish note with 0.35% gain. It was a great day for bulls as it shot up with double force from day low. Today sell triggered first below 42600 and almost hit our 1st target (42600-42432). Then a morning star formed at day low and reversed completely. Bullishness likely to continue above today's high. Best continuation trade will be on flat opening. It is approaching 42335-50 as per ABCD above today's high. Index will be weak only below 42650 is sustained firmly. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 42880 then we will long for the target of 43105 and 43335-50. For selling we need a 15 Min candle close below 42650. T- 42450 and 42185. 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
Simple Trade Setup | BANKNIFTY | 27-04-2023 [EXPIRY] NSE:BANKNIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 27-04-2023 Most of all the levels and zones remains same as per previous. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk
BANKNIFTY Intraday Trade Setup For 26 Apr 2023BANKNIFTY Intraday Trade Setup For 26 Apr 2023 Buy-Above 42870 Sl-42765 T-43105 43365 Sell-Below 42600 Sl-42705 T- 42395 42185 BANKNIFTY has closed almost flat today. Today buy triggered as per trade setup. It gave almost 150 points gain (42715-42865) which was more than 1:1. Later it closed near day day low and formed a shooting star in daily charts. Its a sign of halt. Next leg of rally will start above 42870. Below 42600 if sustained we may slip to lower levels. Let market decide which side gives trigger. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42870 then we will long for the target of 43105 and 43365. For selling we need a 15 Min candle close below 42600. T- 42395 and 42185. 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 25 Apr 2023BANKNIFTY Intraday Trade Setup For 25 Apr 2023 Buy-Above 42715 Sl-42610 T- 42937 43150 Sell-Below 42570 Sl-42675 T- 42409 42245 BANKNIFTY has closed on a bullish sentiment with 1.23% gain today. We discussed on weekend that index can pick up any direction and we have to be neutral and just wait for the levels to be breached. We discussed that 42385 and 41960 are important level and above and below respectively directional move will come. It opened with a big gap up today directly above 42385 and sustained. From there it gave a non stop move till 42714. 10 o'clock range also broke upside above 42465 and gave almost 250 points gain with 55 points sl. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 42715 then we will long for the target of 42937 and 43150. For selling we need a 15 Mi candle close below 42570. T- 42409 and 42245. 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
Simple Trade Setup | BANKNIFTY | 25-04-2023 [INTRADAY]NSE:BANKNIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 25-04-2023 Most of all the levels and zones remains same as per previous. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:BANKNIFTY
by Trading_hawk