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Niftybank

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 TheMamboMomentum
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
Nifty daily analysis for 12/01/23.The market consolidated whole after the initial up move and formed a doji on the daily basis. On the hourly chart, the market took resistance from the 20 ema and closing flat near the support of 17880. There was a huge volatility and traded in a 50 points range in the second half making trouble for the option buyers. On the 15 minutes chart, the market traded around the 20 ema. Support :- 17880, 17800 Resistance :- 17930, 17970, 18030 The market has consolidated and a nice trending market can be seen tomorrow on the expiry. Wait for the price action near the price level before entering the market.
NSE:NIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 11 Jan 2023BANKNIFTY Intraday Trade Setup For 11 Jan 2023 Buy-Above 42175 Sl-42065 T- 42445 42700+ Sell-Below 41835 Sl-41945 T-41570 41250 BANKNIKFTY has closed on a bearish sentiment with 1.33% cut. Today it opened flat and sell triggered as per trade setup. It was on a selling mode since the 1st 1 Min candle. Sell triggered @ 42335 and hit both the targets; dot level targets. Trade gave more than 450 points gain. Bearish sentiment is likely to continue below today's low. Important level for upside is 42720 in hourly TF. Coming to Wednesday's trade setup, if index opens flat and 15 Min candle close above 42175 then we will long for the target of 42445 and 42700+. For selling we need a 15 Min candle close below 41835. T- 41570 and 41250. 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 11/01/23.A nice break down in the Nifty and started trading below the previous low. The market has been trading below the moving average and is trading in a range. On the hourly time frame, the market took support near 17880 and recovered and closed above 17900 levels, dropping 1%. Market has been consolidating in 250 points range. If the markets break below 17800 level, lower levels will be tested. On the 15 minute chart, the market tested the 20 ema and retested the level. The market has closed below the 20 ema. Support :- 17880, 17820 Resistance :- 17970,18030 The market has given a nice bearish candle and can remain bearish for tomorrow. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 10 Jan 2023BANKNIFTY Intraday Trade Setup For 10 Jan 2023 Buy-Above 42720 Sl-42610 T- 42950 43200+ Sell-Below 42335 Sl-42445 T-42100 41860 BANKNIFTY has closed on a bullish sentiment with 0.93% gain today. Today it opened it opened with 200 points then but triggered as per trade setup @ 42265 and hit both mentioned targets. This trade gave more than 400 points gain. If BANKNIFTY sustains above today's high then we will maintain the bullish sentiment triggered today. An inverse head and shoulder formation can be spotted in 15 Min TF. It will be invalid below 42330. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 42720 then we will long for the target of 42950 and 43200+. For selling we need a 15 Min candle closes below 42335. T- 42100 and 41860. 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 10/01/23.After a 3 day consecutive red candles, Market has given a green candle gaining more than 240 points and closing near 18100 level. The market took a rejection from the resistance of 18130 and if the market again crosses above the level. The market can hit the target of 18250. On the hourly time frame, the market tested the 18130 level in the first half and came for selling taking support around 18030 levels. The market closed between both the moving averages. On 15 minute time frame, the moving averages are close enough. If the markets come for buying tomorrow, bullish moving average cross over can be seen. Support :- 18030, 17900 Resistance :- 18130, 18240 The market has given a doji candle and can move either side. Wait for the price action near the price levels before entering the markets.
NSE:NIFTY
by TheMamboMomentum
Simple Trade Setup | BANKNIFTY | 10-01-2023 [INTRADAY]NSE:BANKNIFTY Trade Setup for 10-01-2023 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
4
BANKNIFTY Intraday Trade Setup For 9 Jan 2023BANKNIFTY Intraday Trade Setup For 9 Jan 2023 Buy-Above 42265 Sl-42155 T-42500 42730 Sell-Below 41870 Sl-41980 T- 41570 41250 BANKNIFTY has closed on bearish sentiment last day and week. Last week we have have seen good down move. Its likely to give a pullback before any further down move. Below 41550 next leg of down move will start. For any good up move we need a proper structure in hourly TF. Tomorrow's closing will be important for view building for the next coming days of the week. If pullback (of the down move) comes then it will try to test 42730. Post rejection from this level we have to re-analyze. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42265 then we will long for the target of 42500 and 42730. For selling we need a 15 Min candle close below 41870. T- 41569 and 41250. 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 09/01/23.Nifty on the weekly time frame has formed an inside candle and closed around 20 ema. The market has been trading in a range for 3 weeks and a trending market can be expected once the high or low of the previous candle is broken. On the daily time frame, the market has tested the 17800 level twice and took support from it closing around 17860. The market is forming a nice bearish trend on the smaller time frame and can travel lower, if the 17800 support is broken. Continously, the index is taking rejection from 20 ema, on 15 minutes chart and is close to the moving average. Support :- 17790-800, 17730, 17660 Resistance :- 17900, 18030, 18130 The US index Dow Jones has given a break out of the consolidation zone and closed gaining 2%. Indian market can follow the trend. Keep an eye on SGX Nifty, if it is giving a positive move, Indian markets can follow the move. Wait for the price action near the price levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Banknifty spot chart Analysis for 09.01.2023Banknifty standing just below a strong resistance zone of 42191 to 42349. if banknifty crosses above 42349 then it may also cross 42508 and may reach to the level of 42671. between 42671 to 42814 is also an extremely strong resistance zone . If Bank Nifty crosses over 42814 then it may reach 42966. if banknifty moves down below 42041 then it may take support on 41887. if banknifty crosses below 41887 then it may also cross 41733 and may reach to the level of 41579. If banknifty crosses down 41579 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 42966 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
Nifty daily analysis for 06/01/23.Nifty has closed near the crucial level of 18k and has tested 17900 level today. Market remained in a bearish mode and formed a beautiful lower high lower low pattern. On the hourly time frame, the market couldn't cross the 20 ema and traded below the moving averages. The market has respected the 20 ema, 15 minute charts, and took rejection from it. In the closing hour of the session market regained some points and closed between both the moving averages. Support :- 17950, 17900 Resistance :- 18030, 18125-30 The market can test lower levels as the global markets are showing some weakness. Wait for the price action near the level before entering the markets.
NSE:NIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 06 Jan 2023BANKNIFTY Intraday Trade Setup For 06 Jan 2023 Buy-Above 42660 Sl-42550 T- 42915 43190 Sell-Below 42295 Sl-42405 T-41980 41569 BANKNIFTY has closed on a bearish sentiment with 0.81% cut. We already discussed yesterday that bearish stance will be on below PDL, so has happened. Today it opened with a slight gap up and then sell triggered below 42855 on a 15 Min candle close. It hit both targets; dot level targets. This trade gave more than 500 points gain (42855- 42299). Currently BNF is at 50 EMA in daily TF. Below today's low it will be broken and bearish sentiment will continue. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 42295 we will short for the target of 41980 and 41569. For selling we need a 15 Min candle close above 42660. A pullback is needed before breakout. T- 42915 and 43190. 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 | 06-01-2023 [INTRADAY]NSE:BANKNIFTY Trade Setup for 06-01-2023 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
Nifty daily analysis for 05/12/22.A nice trending market was there. Nifty has closed 190 lower and the volume of today are higher. The market can consolidate in the first half and move in the second half. If the markets start trading below 18k levels and sustain below the level, it can test the recent low of 17800. There is a bearish moving averages cross over, on 15 minutes and a rejection of 200 ema, on hourly chart. Support :- 17800, 17650 Resistance :- 18130, 18240 Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 5 Jan 2023BANKNIFTY Intraday Trade Setup For 5 Jan 2023 Buy-Above 43190 Sl-43080 T- 43435 43651 Sell-Below 42855 Sl-42965 T-42555 42300 BANKNIFTY has closed on a bearish sentiment with 1.07% cut. It has closed near day low which is a bearish sentiment still on. This sentiment will continue below today's low. Today it opened almost flat and buy triggered as per trade setup which eventually hit 110 points sl. An evening star formed just after breakout. Then sell triggered below 43345 and hit all targets. This trade gave more than 450 points gain. So small loss covered and decent profit booked as per trade setup. This is the power of RR. Coming to Thursday's trade setup, if index opens flat and a 15 min candle close above 43190 then we will long for the target of 43435 and 43651. For selling we need a 15 min candle close below 42855. T- 42555 and 42300. Extended target will be 41980. 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