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BANKNIFTY Intraday Trade Setup For 16 Feb 2023BANKNIFTY Intraday Trade Setup For 16 Feb 2023 Buy-Above 41800 Sl-41690 T-42000 42185 Sell-Below 41450 Sl-41560 T-41300 41150 BANKNIFTY has closed on a slight bullish sentiment with 0.2% gain. Today it opened and sell triggered below 41565 and gave almost 110 points gain which was 1:1. It was updated to eat in pieces. Later it turned total sideways at 41600. Last hour 10 o'clock range broke and gave more than 75 points gain. It has closed near hourly range. If it sustains above today's high- 41800 then we can see good up move, only hurdle is 42000. For a trendy downside move it has to sustain below i) 41580 and then ii)below 41550. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 41800 then we will long for the target of 42000 and 42185. For selling we need a 15 min candle close below 41450. T- 41300 and 41150. 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 41720 Sl-41610 T-41865 42000 Sell-Below 41565 Sl-41675 T-41395 41200 BANKNIFTY has closed on a bullish sentiment with more 0.89% gain today. It gaped up slightly and then later buy triggered as per trade setup @41380 and made a high of 41700+. This trade gave more than 300 points gain. As it gaped up, 10 o'clock range also broke upside above 41405 and from here also it gave almost 300 points. It has close near day high and range high - 42000 in hourly TF. Bullish momentum likely to continue above today's high. Below 41100 it will start making bearish price structure and will initiate a downfall in hourly TF. There is a high possibility of huge gap up/down due to CPI data outcome in US. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 41720 then we will long for the target of 41865 and 42000+. For selling we need a 15 Min candle close below 41565. T- 41395. Post bounce from 41400 zone if it continues bearish structure then we will hit 41200 also. 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 41380 Sl-41270 T-41529 41680 Sell-Below 41150 Sl-41260 T-40995 40835 BANKNIFTY has closed on a bearish sentiment with 0.67% cut today. It opened flat and sell triggered below 41424 and made a low of 41560. This trade gave more than 250 points profit which was more than 1:2. Later it turned complete sideways and slept at 41300 for more than 2 hours. Today's low is important, breakdown can start to build bearish price structure in hourly and daily TF. Above 41800 it will to build bullish price structure in hourly and daily TF. We will simply use the range to build our trade setup for the next session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 41380 then we will long for the target of 41529 and 41680. For selling we need a 15 Min candle close below 41150. T- 40995 and 40835. Till the time it is inside ranges and VIX is near 12 small targets have to be considered. 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 Feb 2023BANKNIFTY Intraday Trade Setup For 13 Feb 2023 Buy-Above 41680 Sl- 41570 T-41810 42000+ Sell-Below 41420 Sl-41510 T- 41255 41070 BANKNIFTY has closed a absolute flat note last week. Its a neutral closing and whole week was heavy rangebound. Inside candle has been formed in weekly charts. Above/below mother candle's high/low there will be a range shift. That range has been created by the Union Budget. Since then index is inside range. Also VIX fell vertically after the budget due to which swings have contracted and have been short length. Important swing in hourly TF are 41800 and 41100. Breakout will trigger start of directional move. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 41680 then we will long for the target of 41810 and 42000+. For selling we need a 15 Min candle close below 41420. T- 41250. Below that we will hit 41100-41070. 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 13 Feb 2023NIFTY Intraday Trade Setup For 13 Feb 2023 Buy-Above 17880 Sl-17830 T- 17970 18026 Sell-Below 17779 Sl-17830 T-17695 17585 NIFTY has closed on a absolute flat note last last week. Its a complete neutral closing and same sentiment was on during the whole week. No big momentum was seen as VIX crashed vertically after the Union Budget. Till now index is inside the Budget day range. As a result Inside candle has been formed in weekly charts. 1st trigger will be above/below mother candle's high/low. Monday's trade setup will be based on Friday's tight range. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 17880 then we will long for the target of 17970 and 18025. 17920 is important to be sustained. For selling we need a 15 Min candle close below 17779. However it will be week below 17800. T- 17695 and 17585. 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
BANKNIFTY Intraday Trade Setup For 10 Feb 2023BANKNIFTY Intraday Trade Setup For 10 Feb 2023 Buy-Above 41625 Sl-41515 T-41810 42000+ Sell-Below 41450 Sl-41560 T-41255 41069 BANKNIFTY has closed on a flat note with just 16 points gain today. It has been closing exactly at the same place for the last 3 days. Daily candle looks like a buyer's candle and above its high buyers should dominate and in that case it can test 42000 round level which is also a swing high in hourly TF. Below its low aggressive selling can be seen and that will be breakdown in hourly TF. These two levels are important. Today market opened with a slight gap up and sell triggered below 41400 and very smoothly it gave 150 points gain; more than 1:1. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 41625 then we will long for the target of 41820 and 42000+ For selling we need a 15 Min candle close below 41450. T- 41250. Below 41250 if sustained then aggressive selling can be seen till plotted targets. Be strict with trailing with RR 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 9 Feb 2023BANKNIFTY Intraday Trade Setup For 9 Feb 2023 Buy-Above 41615 Sl-41500 T- 41810 42000+ Sell-Below 41400 Sl-41510 T- 41095 40800 BANKNIFTY has closed on a flat note with a slight gain of 46 points. Unlike NIFTY it was dead sideways. It opened almost flat and a buy triggered and gave 150+ points gain. Later after giving that small profit RBI announcement created as usual noise. And after that it just slept at 41500 the whole day. It has created 200 points range and this will be used to build tomorrow's trade setup. If market opens beyond these ranges and that that direction can be matured. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41615 then we will long for the target of 41810 and 42000. For selling we need a 15 min candle close below 41400. T- 41095 and 40800. 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 For tomorrow. Huge momentum expected ? HUGE FALL!!??😮Analysis for tomorrow will be same as monday but some levels are changed, because of sideways market of 3 three days so, use this levels to trade tomorrow expiry. One thing market may defintely trap you. Summary:- View is bearish for banknifty. ZONES AND LEVELS ARE IN THE CHART MARK IT IN YOUR CHART & IF MKT BREAKS 42000 THEN ONLY GO FOR LONG OTHERWISE AVOID WHICH I TOLD BEFORE Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:BANKNIFTYShort
by pn202377
BANKNIFTY Intraday Trade Setup For 8 Feb 2023BANKNIFTY Intraday Trade Setup For 8 Feb 2023 Buy-Above 41631 Sl-41520 T-42000 42379 Sell-Below 41095 Sl-41205 T- 40729 40419 BANKLNIFTY has closed on a slight positive note with 0.28% gain today. It is contra of NIFTY due to RBI Monetary Policy which is scheduled tomorrow at 10 AM. Safe traders should trade after 10:30. Till now it is inside the Budget day's range. A hammer has been formed on daily charts. So above its high bullishness may continue. Below its low aggressive selling can be seen. Today it opened and tested buy level but did not trigger. Later sell triggered and gave 150 points gain. Before it was triggered 10 o'clock range was already broken and that gave more than 270 points. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 41631 then we will long for the target of 42000 and 42379. For selling we need a 15 Min candle close below 41095. T- 40729 and 40419. 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 7 Feb 2023BANKNIFTY Intraday Trade Setup For 7 Feb 2023 Buy-Above 41550 Sl-41440 T-41779 42000 Sell-Below 41260 Sl-41370 T-41050 40839 BANKNIFTY has closed on a slight bearish sentiment today with 0.3% cut. Overall it just traded at 41400 the whole day as straddle were opened. Today it opened flat and buy triggered as per trade setup but due to huge volatility 110 points sl hit which was recovered on 2nd attempt. Also 10 o'clock range broke downside below 41384 and gave 120 points again which was 1:1. Just like NIFTY it has also formed a range and we will use that to build our trade next day. Comin to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 41550 then we will long for the target of 41779 and 42000. For selling we need a 15 Min candle close below 41260. T- 41050 and 40839. Ext T- 40500. 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 Feb 2023BANKNIFTY Intraday Trade Setup For 6 Feb 2023 Buy-Above 41540 Sl-41430 T-42000 42550+ Sell-Below 40600 Sl-40710 T- 40350 40050 BANKNIFTY has closed on a bullish sentiment with more than 2% on Friday. Weekly candle has closed almost at 50% of the previous red candle with 2.86% gain. Market is still inside inside the Budget day wide range. So my view as of now is neutral or nothing. We need some more price action for positional view. Currently it is at hourly resistance so if we a proper negative price structure forms then we will look for a sell trade or else sit tight. Intraday trade setups are more considerable than pre analysis. Coming to Monday's trade setup, if index opens flat and a 15 Min candle close above 41540 then we will long for the target of 42015 above that we will trail. For selling we need a 15 Min candle close below 40600. T- 40350 and 40050. 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
Blasting analysis for Banknifty for tomorrow (06-02-2023) For Not only monday if market follows my path in this week then try to trade according to my analysis. if market opens tomorrow gap-down or flat and start selling then wait for near 41000 level which is the first demand zone of my chart. After that wait for mkt to make higher highs then buy target till 42000. If market breaks the first demand zone then wait for the second and third demand zone if higher high forms then go only long don't short the market because market is bullish in lower timeframe, so beware of that. Summary:- Important SUPPORT:- 41000 Important RESISTANCE :- 42000 other levels are in the charts. Now i started putting oi data in the chart. But remember oi data can be changed because of any news or any level just use it as a reference. TIPS FOR THE DAY:- NEVER TRADE ON ANY NEWS BECAUSE IT IS INJURIOUS TO YOUR ACCOUNT 🤣🤣 Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:BANKNIFTYLong
by pn202377
BANK NIFTY INTRADAY SETUP FOR 03-02-2023Hello mates as we can see on 15 minute time frame chart it consolidate in a parallel channel whole day today so I am expecting it can give a crazy move tomorrow so for that I find out key support and resistance levels for it ideas sharing below BUY IDEA-: If the price will sustain above the resistance of 40785 and give a close on above that on 15 minute candle so we can go for long for the target of 41370 levels stop loss must close below the resistance price on same time frame. SELL IDEA-: If the price will sustain below the support of 40073 and give a close on below that on 15 minute candle so we can go for a sell for the target of 39480 levels stop loss must close above the support price on same time frame. Idea based on simple price action ✌🏽✌🏽 NOTE-: This is not and trade or investment advice. This idea is meant for learning only. Invest your capital at your own risk
NSE:BANKNIFTY
by AMIT-RAJAN
Nifty daily analysis for 03/02/23.Nifty is taking support from the 200 ema. It is testing the 200 ema and there is a buying happening near the level. The market has formed an inside candle and consolidated in a range whole day. On the hourly charts, nifty rremained in first hour candle and closed near the 20 ema. There was a bullish candle in the last hour of the session and being expiry market remained silent. On the 15 minute time frame, market has closed between both the moving averages. Market can give nice move either side as the market has consolidated whole day. Support :- 17515, 17435 Resistance :- 17630-40, 17687 Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 3 Feb 2023BANKNIFTY Intraday Trade Setup For 3 Feb 2023 Buy-Above 40760 Sl-40650 T-41110 41475 Sell-Below 40065 Sl-40180 T-37943 39420 BANKNIFTY has closed with slight gain of 0.39% gain today. It has closed near day which is a bullish indication. This bullishness will continue above today's high. But whenever there is a buy scenario always be very tight in trailing as index is in sellers control from higher TF. Yesterday it was said that I will avoid trading today. As it was sensed that index is likely to trade in a range after huge move. IV spiked yesterday and post implications are either sideway or a dead momentum. It was clearly seen in today's session. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 40760 then we will long. T- 41110 and 41476-41500. For selling we need a 15 Min candle close below 40065. T- 39743 and 39420. 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 2 Feb 2023BANKNIFTY Intraday Trade Setup For 2 Feb 2023 Buy-Above 40680 Sl-40560 T-41350 Sell-Below 39400 Sl-39520 T-38750 BANKNIFTY has closed on on a slight bearish sentiment with 0.35% cut. It was just too wild. It has created a range of 6% which translates 2500 points. The range is too big. This is a obvious scenario due to Union Budget. I will personally avoid trading the next tow sessions as the swings are just too big and we will easily be eroded by the tsunami swings. I mean the sls will be too big. BTW the trade setup worked perfectly fine. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 40680 then we will long for the target of 41350. For selling we need a 15 min candle close below 39400. T- 38750. 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 weekly analysis for 02/02/23.The budget day volatility has created a long wick doji and a big range of 600 points in nifty. The market has closed between both the moving averages. In the first half the market consolidated and has given both side move after the break out of the zone. On the hourly charts, the market has closed below both the moving averages. Nifty has closed almost flat and the option premiums are now stable. The budget has pumped up the premiums. The violent move has created a confusion and tomorrow being an expiry will be difficult to trade. Support :- 17560, 17436 Resistance :- 17687, 17817 The global markets are showing some negative intent and if nifty starts trading below 17430 levels, bearish trades can be initiated as there is a gap pending. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade