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BANKNIFTY Intraday Trade Setup For 21 Mar 2023BANKNIFTY Intraday Trade Setup For 21 Mar 2023 Buy-Above 39451 Sl-39340 T-39735 39925 40119 Sell-Below 39130 Sl-39240 T-38870 38615 BANKNIFTY has closed on bearish sentiment with 0.6% cut today. Today it opened with a slight gap down and sell triggered below 39220 and gave more than 180 points in the 1st go and later in the 2nd go it gave 280 points and hit 1st target. In the weekend it was very clearly told that we will give pullback before the start of the up move or reversal. It has formed a hammer in daily TF so its low and high both are important for the directional move. Above 39515 if sustained we will head higher and below 39900 we will resume the selling. Final take over level is 38600. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39451 then we will long for the target of 39735 and 39925 and 40119. For selling we need a 15 Min candle close below 39130. T- 38870 and 38615. 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 - 20/03/23 MARKET VIEWAfter analyzing the BANKNIFTY chart on the 15-minute time frame, it appears that there is a noticeable bearish sentiment in the market. This is indicated by the current dominance of sellers, which suggests a potential downtrend in the short term. As such, it may be wise to consider a short entry position at 39190. This would involve selling BANKNIFTY at the current price with the expectation that it will decrease in value, resulting in a profit. To manage risk, a stop loss order can be placed at 39460. This will automatically trigger a sell order if BANKNIFTY rises above this level, helping to limit potential losses. The target for this short position is set at 38760, which represents the expected price level for BANKNIFTY to reach as it moves lower. Once this target is reached, the short position can be closed out to realize a profit. Overall, based on the current market conditions, taking a short position in BANKNIFTY at 39190 with a target of 38760 and a stop loss at 39460 may present a potential trading opportunity. However, as with all investments, it is important to carefully consider the risks and conduct thorough research before making any trading decisions.
NSE:BANKNIFTYShort
by DamisInvestments
BANKNIFTY Intraday Trade Setup For 20 Mar 2023BANKNIFTY Intraday Trade Setup For 20 Mar 2023 Buy-Above 39705 Sl-39595 T-40110 40515 Sell-Below 39220 Sl-39330 T-38895 38615 BANKNIFTY has closed on a bearish sentiment with more than 2% cut last week. Last week it finally hit our positional sell target (41550-38615). It gave dot reversal from the PRZ (1.618) which was 38615. So next leg of selling will will be triggered below 38600.This current week is a week base building and a bottom can be created. It has formed halt/reversal candles in daily TF so a pullback is very much possible. After that if we make bullish price structure above 39710 then we will start the upside journey. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 39705 then we will long for the target of 40110 and 40515. For selling we need a 15 Min candle close below 39220. T- 38895 and 38615. 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 - 20/03/23 MARKET VIEWOn Friday, the 17th of March 2023, the BANKNIFTY showed a strong close, indicating positive market sentiment and bullish momentum. To capitalize on this momentum, traders can consider taking a long position with a target of 40800 and a stoploss at 38900. The support levels for the index are currently at 39500-39700 range, which suggests that the index has strong footing and is likely to move higher. To reduce risk while maximizing returns, traders may consider purchasing a monthly expiry Call Option, such as the BANKNIFTY 29 MAR 40000CE. This option will allow traders to take a long position on the index at a predetermined strike price of 40000. By adhering to the given targets and stoploss, traders can minimize potential losses while capturing potential gains from the upward momentum. Disclaimer: It is important to note that trading in the stock market involves risk and requires a thorough understanding of market dynamics, technical analysis, and risk management. As such, traders should always exercise caution and conduct their own research before making any investment decisions.
NSE:BANKNIFTYLong
by DamisInvestments
#banknifty analysis for the short term#banknifty analysis for the short term:- Expanding Rising Wedge:- A triangle is a sideways corrective wave with sub-waves labeled A-B-C-D-E. In most cases, all the sub-waves of a triangle are zigzags or multiple zigzagsTherefore, we call the triangle a 3-3-3-3-3 structure. Looking at the structure, we expect selling pressure from the upside, which will drag the market below the recent low. Always trade what you see, not what you feel. Best Regards, SG
NSE:BANKNIFTY
by subhagghosh
2
BANKNIFTY Intraday Trade Setup For 17 Mar 2023BANKNIFTY Intraday Trade Setup For 17 Mar 2023 Buy-Above 39385 Sl-39275 T- 39581 39785 Sell-Below 38990 Sl-39100 T-38800 38615 BANKNIFTY took a pause in the mega down move today and closed with a slight gain of 0.21% gain. Today it finally hit the positional sell target (41550-38615). Last week the continuation sell level was 40340. Now it has formed a hammer at PRZ (1.618) in daily TF so above its high it will start the pullback move. Initial pullback can come till 40000. Selling will resume below 38600 now for the target of 36750. Today sell triggered below 38930 and hit our 1st target 38615. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 39385 then we will long for the target of 39581 and 39785-800. For selling we need a 15 Min candle close below 38990. T- 38800 and 38615. 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 16 Mar 2023BANKNIFTY Intraday Trade Setup For 16 Mar 2023 Buy-Above 39220 Sl-39110 T-39550 39900+ Sell-Below 38930 Sl-39040 T- 38615 38300 BANKNIFTY has closed on a bearish sentiment with 0.91% cut today. After our first positional sell level- 41550 was triggered it has been in a bearish phase. Now it is near our 1st target 38700. Last week our extended sell level was 40340 which was triggered on Monday and the trade is going buttery smooth as no TSL is hit across TFs. We will just sleep on this till we get any sign of reversal which is PDH on CB or till we get any sign of reversal by bullish price structure or any reversal candle in daily TF. Today it opened with a big gap up and 10 o'clock range broke downside below 39650 and gave move till 38935 with 125 points sl. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 39220 then we will long for the target of 39550 and 39900+. For selling we need a 15 Min candle close below 38930. T- 38615 and 38300. 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 15 Feb 2023BANKNIFTY Intraday Trade Setup For 15 Feb 2023 Buy-Above 39545 Sl-39435 T- 39800 40100 Sell-Below 39335 Sl-39445 T- 39130 38835 BANKNIFTY has closed on a bearish sentiment with 0.39% cut. Below our extended sell level- 40340 it has given 1200 points (40340-39135) gain in just 2 days. Hope everyone captured this move very smoothly as it did not gave any fear by pullback. Now it has formed a spinning top candle in daily TF which is a sign of halt/reversal. Above 39545 it may start the pullback move and above today's high if sustained it can give decent pullback. Below 39130 down move will continue. Today sell triggered below 39450 and almost hit our 1st target. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 39545 then we will long for the target of 39800 and 40100. For selling we need a 15 Min candle close below 39335. T- 39130,below this it will test 38835. 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 Feb 2023BANKNIFTY Intraday Trade Setup For 14 Feb 2023 Buy-Above 39685 Sl-39575 T- 40020 40355 Sell-Below 39450 Sl-39560 T- 39085 38750 BANKNIFTY has closed a bearish sentiment with 2.27% cut today. It was explained on weekend that below 40340 we will start the down move once again and that will be the continuation of sell trade triggered below 41550. Today 40340 was triggered and it gave a nose dive till 39455. Trade gave more than 850 points gain. Bearish sentiment is likely to continue below today's low 39450. Possibility of a pullback will be there if we make a bullish price structure above 39685 in 5/15 TF. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39685 then we will long for the target of 40020 and 40355. For selling we need a 15 Min candle close below 39450. T- 39085 and 39750. 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 Mar 2023BANKNIFTY Intraday Trade Setup For 13 Mar 2023 Buy-Above 40525 Sl-40415 T-40690 40850 Sell-Below 40340 Sl-40450 T- 40140 39940 BANKNIFTY has closed on a bearish sentiment with 1.86% cut last week. After a shooting star was formed on 6 Mar 2023 it was updated that its high and low and important for trigger of momentum any side. Its low was broken and it just took a deep dive. More than 900 points tanked till now. As of now 41700 and 40340 is the range, direction momentum will come above and below these levels. Sentimental halt in the current down move will be seen when we close above PDH. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 40525 then we will long for the target of 40690 ad 40850. For selling we need a 15 min candle close below 40340. T- 40140 and 39940. 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" Nifty Bank Levels For 13'March2023"BANKNIFTY" Nifty Bank Levels For 13'March2023 If Nifty Bank Opens With the Gap UP opening. And break his previous HIGH Above "40660" we can get Higher Highs. Buy above: 40563.55 Level = TGT 1 : 40650.20 | TGT 2 : 40722.20 | TGT 3: 40831.70 Sell below: 40425.35 Level = TGT 1 : 40278.15 | TGT 2 : 40172.35 | TGT 3 : 40053.70 Disclaimer: All the provided levels are for educational purpose only, please do your own analysis before doing any trade in the live market or consult your financial advisor before act.
NSE:BANKNIFTYLong
by TradersFromIndia
Short bank nifty from current level : Hero Zero Trade.bank nifty looking negative on chart, so there can be a trade for short side, if anyone wants to go can go with given level on chart right now bank nifty trading at 41443, keep target 41200/41100, stop loss 41600. Please do not forgot to use trailing stop loss as today is expiry day anything can be happen. Chances are high we will see bank nifty towards 41000 levels. if anyone wants to go for hero zero trade can go :- buy 41400 call option current trading at 43 keep stop loss of 15 and go for target above 85/100/150+, Please trade with less qty as banknifty is unpredictable on expiry day. Use proper stop loss. Please guy's if you are happy with my work support me by like and follow. Thankyou.
NSE:BANKNIFTYShort
by TraderRahulPal
BANKNIFTY Intraday Trade Setup For 9 Mar 2023BANKNIFTY Intraday Trade Setup For 9 Mar 2023 Buy-Above 41675 Sl- 41565 T-41865 42050 Sell-Below 41390 Sl- 41500 T- 41250 41100 BANKNIFTY has closed on bullish sentiment with 0.55% gain today. It has closed near day high. Above today's high if sustained bullish momentum will continue. Only hurdle is 41700. Today it opened gap down with directly near 1st sell target. 10 o'clock range broke upside 41356 and gave more than 250 points gain with a good momentum. Today's low- 41100 is important as that is the last swing low in hourly TF. That's important in terms of reversal. Above 41675 if sustained then we will head higher above 42000 in coming days. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41675 then we will long for the target of 41865 and 42050. For selling we need a 15 Min candle close below 41390. T- 41250 and 41100. 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 Mar 2023BANKNIFTY Intraday Trade Setup For 8 Mar 2023 Buy-Above 41405 Sl-41295 T-41560 41715 Sell-Below 41255 Sl-41365 T-41115 40969 40770 BANKNIFTY has closed with slight gain of 0.24%. Last day it hit the pullback target which was discussed after the activation of hammer which was formed on 23 Feb. Last day buy triggered as per trade setup above 41400. This trade gave more than 250 points gain. Later it made a top at 41675 and fell till 41260. It has formed a shooting star in daily TF. So above its high if sustained we will head higher towards 42000. Below its low we can expect some downside momentum. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 41405 then we will long for the target of 41560 and 41715. For selling we need a 15 min candle close below 41255. T- 41115 and 40969. Below 40950 fall can be extended. 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 6 Mar 2023BANKNIFTY Intraday Trade Setup For 6 Mar 2023 Buy-Above 41400 Sl-41290 T- 41550 41710 Sell-Below 41150 Sl-41260 T-40880 40600 BANKNIFTY has closed on a bullish sentiment with with 3.36% gain. It has formed a bullish engulfing candle in weekly TF. On 23 Feb EOD it was updated that we have formed a hammer above its high there can be reversal. The very next day it was triggered and till now it has given more than 1200 points gain with just 550 points sl. Important resistance is 42000 zone. And as per bat pattern a resistance can also be seen near 41750. For selling we need a bearish price structure at-least in 15 Min TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 41400 then we will long for the target of 41550 and 41710. If 41750 sustained ,we will head towards 42k. For selling we need a 15 min candle close below 41150. T- 40880 and 40600. 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 Mar 2023BANKNIFTY Intraday Trade Setup For 3 Mar 2023 Buy-Above 40500 Sl-40390 T- 40637 40770+ Sell-Below 40310 Sl- 40420 T-40100 39820 BANKNIFTY has closed on a bearish sentiment with 0.76% cut. After hammer formed on 23 Feb 2023. It was updated that we will give pullback of the down move above its high. Yesterday it hit our 1st target or pullback area which was calculated using ABCD (2.0). It has given Dot Reversal from there. Today it opened and tested buy level but did not trigger. Later sell triggered below 40510 and made a low of 40313. Till 1 o'clock it was just sideway with complete dead momentum due to ultra low premiums. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 40500 then we will long for the target of 40637 and 40770. For selling we need a 15 Min candle close below 40310. T- 40100. Below 40070 we will hit 39820. 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 Mar 2023BANKNIFTY Intraday Trade Setup For 02 Mar 2023 Buy-Above 40730 Sl-40620 T- 40925 41120 Sell-Below 40510 Sl-40620 T- 40260 40075 BANKNIFTY has closed on a bullish sentiment with more than 1% gain today. Buy triggered above 40400 and hit all the targets slowly and steadily. Trade gave more than 300 points gain which was almost 1:3. However momentum was pathetic due to IV crash. On 23 Feb hammer formed and it was told that above its high we will give the pullback of the down move. Which has been played out perfectly till now. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 40730 then we will long for the target of 40925 and 40120. For selling we need a 15 min candle close below 40510. T- 40260 and 40075. 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 01 Mar 2023BANKNIFTY Intraday Trade Setup 01 Mar 2023 Buy-Above 40400 Sl-40290 T- 40550 40725 Sell-Below 40070 Sl-40180 T- 39818 39590 BANKNIFTY has closed on a absolute flat note. It was just sideways for 4 hours and 30 min. It traded at 40300 and at the end of the day also it has closed near 40300. Nothing triggered as per trade setup and traded inside the buy and sell levels. 10 o'clock range broke downside below 40205 and gave more than 120 points gain. We will simply use the last day's trade setup to build trade. 40400 and 40070 is the range above and below which directional move will come. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 40400 then we will long for the target of 40550 and 40725. For selling we need a 15 Min candle close below 40070. T- 39818 and 39590. 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 28 Feb 2023BANKNIFTY Intraday trade Setup For 28 Feb 2023 Buy-Above 40375 Sl-40265 T- 40550 40725 Sell-Below 40070 Sl-40180 T- 39832 39590 BANKNIFTY has closed on a bullish sentiment with 1% gain today. After one week it has closed on bullish sentiment and has closed at PDH. Sentimental halt has happened after the Pinbar candle formed 23 Feb. We are likely to give pullback of the down move. We can test max 41150 in this pullback move. Today buy triggered as per trade setup and hit our targets very smoothly. Trade gave 300 points gain (40065-40371). Below 39600 if sustained in daily TF then next round of selling will start. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 40375 then we will long for the target of 40550 and 40725. Extended T- 41120-50. For selling we need a 15 Min candle close below 40070. T- 39832 and 39590. 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 Feb 2023BANKNIFTY Intraday Trade Setup For 27 Feb 2023 Buy-Above 40070 Sl- 39960 T- 40210 40355 Sell-Below 39810 Sl-39920 T- 39700 39590 BANKNIFTY has closed on bearish sentiment with 3% cut last week. It has closed near the weekly swing low. Last week it was told that below previous week's low 40880 we will start the down move and a good fall can be expected. So has happened we saw sharp 3% cut after activation. There will be reversal if we make any Pin bar or hammer in weekly TF. Till then it will be sideways to bearish action. Below 39400 this down move will be extended. There can be sentimental halt when we will close above PDH. Coming to Monday's trade setup, if index opens flat and a 15 Min candle close above 40070 then we will long for the target of 40210 and 40355. For selling we need a 15 Min candle close below 39810. T- 39590 and 39370. 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 | 27-02-2023 [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 27-02-2023 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