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Niftybank

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
BANK NIFTY FOR BUDGET DAY 2023 Hello guys here I am sharing the support and resistance levels for Bank nifty for the Budget day tomorrow support and resistance are mentioned on the 30 minute time frame chart simple trading idea is break and close above of resistance so we can go for buy and if break and close below support we can go for a sell because on 30 minute time frame chart price is consolidating in a parallel channel se we can expect a sharp move after a range breakout. STOP LOSS- Stop loss must be close above or below from resistance or support of the opposite direction of your trade on the same 30 minute time frame chart. 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
Budget special analysis of Banknifty Hi traders, One of the biggest day of every traders and investors. So my first request to every new traders and investors see the tomorrow's market avoid trading tomorrow. It is not easy to trade on that day. Who are capable of understanding the levels and price action properly then only trade otherwise avoid don't use any indicator it will not work for sure. Let's discuss tomorrow's level:- Firstly don't think market will be bullish because everyone is seeing that there is a reverse head and shoulder where the retailers can be trapped easily. So think smartly, trade smartly. First demand zone :- 40335-40161 Second demand zone:- 39673-39640 First Supply zone:- 40750-40930 Second Supply zone:- 41807-41915 If market breaks 40940 and makes higher highs then we can go for long. If market makes higher highs or lower lows from demand or supply zone in given chart. Summary:- Don't make any momentum in mind it may be devastating for your account. Use trailing sl (7 smma) SL IS MUST FOR TOMORROW
NSE:BANKNIFTY
by pn202377
BANKNIFTY Intraday Trade Setup For 1 Feb 2023BANKNIFTY Intraday Trade Setup For 1 Feb 2023 Buy-Above 40815 Sl-40700 T-41250 41685 Sell-Below 40470 Sl-40580 T- 39945 39500 BANKNIFTY has closed on a bullish sentiment with 0.66% gain today. It has closed near day high and formed a pinbar in daily TF. Above its high bullish momentum likely to continue and below its low parabolic down move can be seen. Tomorrow is Union Budget and index will move by sentiment rather than technical. However a trend can be established after 12 o'clock. Hourly major swing high and low are 39400 and 40820. Breakout can initiate a move either side. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 40815 then we will long for the target of 41250 and 41685. Ext T- 42350. For selling we need a 15 Min candle close below 40470. T- 39945 and 39500. Ext T below 39400 will be 38755. 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
7
Banknifty analysis for 30/01/2023😎😎Now smart trader will comeAnalysis may be wrong for 1 or even 2 days but using this trading style i gained very much points in banknifty in past because the R:R is good like 1:4 or 1:6. My analysis was for friday was wrong but i think you forget about the trade that we took and analysed on 12/01/23. but due to some rules and regulation the post was been private. Ok leave it. Let's discuss moday's market Market is very clear it is in down trend and needs to take pullback for healthy correction for mid-term, so on monday banknifty may touch the demand zone of 39860-40074 which is given in this image above and after that if market forms higher high in 5 minutes candle then take candle low as sl otherwise if it is big then use sl according to your risk management. Target will be the blank zone which is marked in the chart. Alert for tomorrow's market: if market doesn't break the first candle's high or low on tomorrow before 10:00 am then avoid the market it might be sideways. (timeframe: 5M/15M) 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
Nifty daily analysis for 01/02/23.Nifty has given a nice closing near the resistance zone of 17680 giving a dragon fly doji on daily close. Tomorrow is Union Budget and there will be volatility. Market can give both side move once the union budget is over. Watch for a price action around 11:30-12:00 and trade accordingly. On the hourly time frame, the market remained in the first hour candle and closed above the 20 ema. There is a inverted head and shoulder pattern on 15 minutes chart. If the market opens flat and crossed above the resistance zone nice target can be achieved. Support :- 17545, 17425 Resistance :- 17800, 17945 Wait for the price action near the price level before entering the market.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 31 Jan 2023BANKNIFTY Intraday Trade Setup For 31 Jan 2023 Buy-Above 40790 Sl-40680 T- 41275 41750 Sell-Below 39410 Sl-41520 T- 39000 38600 BANKNIFTY has closed closed on a neutral note today with just 42 points gain. This was yet another volatile day ahead of Union Budget. Today it opened with gap down of more than 1% and violent mega moves were seen. It opened and shot up more than 1000 points then fell more than 1300 points and then again shot up 1000 points. Budget volatility likely to continue this week. Trade very safely and only when Sls are smaller and RR is perfect. 10 o'clock range broke downside and gave more than 200 points. Tomorrow's closing will be important to see as where it will settle itself ahead of event. However Sentimental effect will be more than technical. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 40790 then we will long for the target of 41275 and 41750. For selling we need a 15 Min candle close below 39410. T- 39000 and 38600. 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 analysis for 31/01/2023. Another smart analysis 😎😎My first video if i did any mistake then please tell me in the comment section. In this video i gave all these important level for banknifty for tomorrow market. (31-01-23) 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
Nifty daily analysis for 31/01/23.Nifty has given a doji candle taking support from the 200 ema and has closed 40 point above. The market remained volatile and after a gap down regained touching 17700 levels and gain fell breaking the morning low but closed near the higher levels. On the hourly charts, the market has consolidated in the first half and gave both side move in the second half just decaying the option premiums. The market is still holding the 17400 level and has given nice movement after touching the level. There is a double top formation and the market has closed near the top. On 15 minutes chart, nifty closed between both the moving averages. It crossed the moving average in the second half and sustained there. support :- 17545, 17425 Resistance :- 17680, 17800 Day after tomorrow is the Union budget and market can remain volatile. So avoid swing and positional trades. Wait for the price action near th price level before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 30 Jan 2023BANKNIFTY Intraday Trade Setup For 30 Jan 2023 Buy-Above 40485 Sl-40375 T-40775 41075 Sell-Below 40145 Sl-40255 T-39845 39500 BANKNIFTY has closed on bearish sentiment last day and last week. Last week was one of the largest weekly cuts in the recent months. It was being updated since last 2 weeks that if in any case index tests the support zones which were created by consecutive hammers in daily TF then index will fall sharply. Even last week it was updated the the previous weekly candle looks a buyer's candle and below its low there can be parabolic down move. So has happed after conditions met. Now we can expect a small pullback of the whole down move before any further fall till 38757. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 40485 then we will long for the target of 40775 and 41075. For selling we need a 15 Min candle close below 40145. T- 39845 and 39500. 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 spot chart Analysis for 30.01.2023Banknifty is standing just above a good support of 40276. if banknifty moves up from here then it may reach to the level of 40442. between 40442 to 40562 is an extremely strong resistance zone , banknifty may go down from here. if Banknifty crosses over 40564 the it may easily cross 40717 and may reach to the level of 40878. if banknifty crosses over 40878 then it may reach to the level of 41062. if banknifty crosses down 40276 than it may take support on 40120. if banknifty crosses down 40120 then it may also cross 39954 and may take support on 39798, 39798 is an extremely good support it may take a good up move from here. if banknifty crosses down 39798 the it may take bounce back from bounce back zone. IT IS HIGHLY UNLIKELY THAT BANKNIFTY WILL CROSS 41062. AND REACH THE HIGHER LEVELS TOMORROW.....
NSE:BANKNIFTY
by stoxway
Nifty weekly analysis for 30/01/23.The market after a consolidation zone has given a break down and has closed below 20 ema on the weekly time frame. The market consolidated for 4 weeks and has now shown some negativity. Nifty has taken support from 200 ema on the dialy time frame and closed near 17600 levels. Market can take a halt for 1-2 days and continue the fall possibly testing the 17k levels. On the hourly charts, there was a bearish moving averages cross over and market remained for selling. Market can retrace upto 17800 levels that coincide with 38.2% levels and start a new fall. Let the market give some retracement and avoid bullish trades. On 15 minute time frame, the market has closed near the 20 ema. Support :- 17500, 17425, 17330 Resistance :- 17660, 17800 The market can't give a "V" shape recovery as there are multiple resistances. It is the market for sell on rise and enter bearish trades if there is some negative candlestick formation near the trend line or fibonnaci levels. Wait for the price action near the levels before entering the trades.
NSE:NIFTY
by Mambotrade