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BANKNIFTY Intraday Trade Setup For 19 Jan 2023BANKNIFTY Intraday Trade Setup For 19 Jan 2023 Buy-Above 42560 Sl-42450 T-42730 42911 Sell-Below 42355 Sl-42465 T-42110 41860 BANKNIFTY has closed on a bullish sentiment with 0.53% gain today. Today it opened almost flat and as per last day's trade setup buy triggered above 42310 and hit 1st target very smoothly. This trade gave more than 240 points gain (42310-42555) which was 1:2. Later it turned total sideways and traded within 200 points range. Tomorrow's trade setup is based on this range breakout. 42730 is hourly resistance, breakout will impact range shift in the coming days. 41700 is the hourly low, breakdown can lead to sharp fall in the coming days. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42560 then we will long for the target of 42730 and 42911. For selling we need a 15 Min candle close below 42355. T- 42110. Post bounce if index breaks 42100 then it will test 41860 and below. 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 18 Jan 2023BANKNIFTY Intraday Trade Setup For 18 Jan 2023 Buy-Above 42310 Sl-42200 T-42510 42710+ Sell-Below 42055 Sl-42165 T-41860 41675 BANKNIFTY has closed almost on a flat note today. It just closed with 67 points gain. Daily candle looks like a pin bar which shows bullishness. Bullish sentiment will continue above today's high. Incase its low is broken and sustained then we may see sharp fall in the coming days. Today it opened almost flat and then sell triggered below 42065 and hit our 1st target. Sharp recovery was seen from 1st target. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42310 then we will long for the target of 42510 and 42710+ For selling we need a 15 Min candle close below 42055. T- 41860 and 41675. 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 daily analysis for 18/01/23.Nifty on the daily time frame has given a green candle closing 150 points higher. The market has finally closed above 18k level and near 20 ema. On the hourly time frame, the market has closed between both the moving averages and has formed a higher high higher low pattern. The market in the last hour broke above the level and closed above it. If the market crosses above the 200 ema (hourly charts) and sustains, a bullish movement can be seen. On 15 minute time frame, there is a bullish moving average cross over. The market may give some bullish movement tomorrow or day after tomorrow. Support :- 18030, 17940 Resistance :- 18130, 18170, 18240 The market has consolidated and finally closed above the resistance level. Bullish trades can be initiated for intraday. Wait for the price action near the price levels before entering the market.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 17 Jan 2023BANKNIFTY Intraday Trade Setup For 17 Jan 2023 Buy-Above 42460 Sl-42350 T-42700 42950 Sell-Below 42060 Sl-42170 T-41885 41710 BANKNIFTY has closed on a bearish sentiment with 0.48% cut today. It opened with a gap up directly at PRZ plotted 42700. A dot reversal was seen from there. It opened with a decent gap up and we already planned that we will trade on 10 o'clock range breakout. It broke below 42445 and 300 points profit with just 100 points sl. Market is likely to show these big length volatile moves ahead of budget. Index has made a range of 980 (42720-41720) points in hourly TF. In between it will be seesaw market. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 42460 then we will long for the target of 42700 and 42950. For selling we need a 15 Min candle close below 42060. T- 41885 and 41710. 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 daily analysis for 17/01/23.Nifty is taking a serious rejection from 18030 levels and today also Nifty tried to cross above the level but there was rejection from the first 15 minutes candle. The market took support around our levels of 17860-70 giving aa nice movement of 50-60 points and in the end closed near the support level. On the hourly charts, market has formed an inside candle and for intraday trades there can be an opporunity if the market crossed and sustain above or below the mother candle. The global markets are trading postive and if sentiments remain postive, a trade can be initiated above 18030 level, Support :- 17860, 17800 Resistance :- 17940, 18030 Wait for the price action before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 16 Jan 2023BANKNIFTY Intraday Trade Setup For 16 Jan 2023 Buy-Above 42455 Sl-42345 T- 42590 42730 42900+ Sell-Below 42260 Sl-42370 T-42050 41885 BANKNIFTY has closed on a positive note with 0.69% gain on Friday. After forming a base at 42700. Now 42700 is very important, breakdown will initiate a larger slide in the coming days. Last day it has closed near day high which is bullish sentiment. Above 42550 this bullish momentum will continue. Also if no previous swing low is broken in hourly TF then slowly and steadily it will inch higher. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42555 then we will long for the target of 42590 and 42730. For selling we need a 15 Min candle close below 42260. T- 42050 and 41885. 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 16.01.2023Banknifty standing just above a strong support of 42349. if banknifty moves above 42349 then it may reach 42508 . between 42508 to 42671 is also an extremely strong resistance zone . If Bank Nifty crosses over 42671 then it may also cross 42814 and may reach to the level of 42966. if banknifty moves down below where it left off then it may also cross 42191 and may reach to the level of 42041. if banknifty crosses below 42041 then it may also cross 41887 and may reach to the level of 41733. If banknifty crosses down 41733 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 43113 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
Nifty daily analysis for 16/01/23.Nifty on the weekly time frame, has given a neutral doji and closed gaining 100 points. The index has taken a good support around 17800 levels and during the last trading session closed near 17950 leves. Though the market has been trading between both the moving averages, on daily charts but there is some positivity in the weekly close. On the hourly charts, the market has formed a nice "W" pattern and a break out of 17900 levels. There is still a lower high equal low formation and once the market cross above 18130, bullish trades can be carried for swing. On 15 minutes chart, the market has crossed both the moving averages and closed near the 200 ema. Support :- 17930, 17870 Resistance :- 18030, 18130 The global markets are in a positive momentum and Indian market can follow global markets. wait for the price action near the price level before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 13 Jan 2023BANKNIFTY Intraday Trade Setup For 13 Jan 2023 Buy-Above 42135 Sl-42025 T- 42340 42565 42800 Sell-Below 41950 Sl-42060 T-41740 41348 41000 BANKNIFTY has closed on a slight bearish note with 0.36% cut today. It was another volatile day with volatile swings. As per trade setup, sell triggered below 42000 and hit 1st target. This trade gave more than 250 points. Sharp moves were common in today's session. In daily TF two consecutive hammer candles have been formed. Above its high - 42350 it will give good upside momentum. Since its a buyer's candle so below its low- 41700 aggressive selling can be seen. Initial move of 600 points can be achieved either side. In between we can see usual unpredictable sharp moves. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42135 then we will long. T- 42340, 42565 an 42800. For selling we need a 15 Min candle close below 41729. T- 41545 41350 and 41000. 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
Nifty daily analysis for 13/01/23.Nifty on the daily time frame has given another doji after retesting the support level of 17800. The market has tested the weekly 50% fib level(i.e. 17820) many times. Tomorrow if the market closed below it, on weekly time frame it will close below fib level and test 17660 levels. On the hourly time frame the market, remained volatile closed near the resistance zone and 61.8% Fib level. Market has been following a bearish trend, making lower highs but is taking a support around 17800 levels. There is a supply zone around the level which pushes the market up. The market, on 15 minute chart, has closed between both the moving averages. Support :- 17780-800, 17730 Resistance :- 17880, 17930, 1970 The market has been trading in a range for quite some time. Either side move can be seen in the market as today market has given a confusion candle. Wait for the price action near the price level before entering the market.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 12 Jan 2023BANKNIFTY Intraday Trade Setup For 12 Jan 2023 Buy-Above 42320 Sl-42210 T- 42550 42800 Sell-Below 42000 Sl-42110 T-41730 41355 BANKNIFTY has closed on a slight bullish sentiment with more than half percent gain. It has closed near day high which is a bullish sign. This bullishness will continue above today's high. Decent contraction has happened in today's session. Contraction burst likely to happen the and below ascending triangle which can be seen in 15 Min TF. Whichever side market gives breakout be strict with trailing as market is just to volatile to handle; especially in the 1st hour. Daily candle looks a buyer's candle so below today's low aggressive selling can be seen. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42320 then we will long for the target of 42550 and 42800. For selling we need a 15 min candle close below 42000. T- 41730 and 41355. Extended target- 41000. 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