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Niftybank

Nifty daily analysis for 27/12/22.Nifty has given a bullish engulfing candle and closed gaining 200 points. The market gained momentum in the initial hours and formed a flag and pole pattern on the hourly charts. It took a resistance from the 20 ema and closed near to the levels. On 15 minute time frame, the market has given a break out of the level and moving average and retested the 20 ema. There was a rejection from 18080 levels. The has given a closed above 18k levels. Support :- 17980-18000, 17930 Resistance :- 18080, 18180 The market has taken resistance from the 38.2% fibonnaci level and closed below it. Wait for the price action near the price level before entering the market.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 26 Dec 2022BANKNIFTY Intraday Trade Setup For 26 Dec 2022 Buy- 41845 Sl-41735 T- 42040 42230 Sell-Below 41595 Sl-41705 T-41290 41050 BANKNIFTY has closed on a negative note last day and last week. We already discussed that since last 11 weeks index was closing above Previous Week Low (PWL). It was clearly mentioned last week that if we break last week's low- 43080 then we will see good down move which will be the initial pullback of the mega rally. After trigger index has given 1480+ points non stop trendy move. 1st target will be near 40765 and to ride till target TSL will be PDH. Also 41500 is a round level so there can be halt at this juncture. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 41845 then we will long for the target of 42040 and 42230. For selling we need a 15 Min candle close below 41595. T- 41290, 41050. 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 26.12.2022Banknifty standing just below a strong resistance zone of 41733 to 41887. if banknifty crosses above 41887 then it may also cross 42041 and may reach to the level of 42191 between 42191 to 42349 is also an extremely strong resistance zone . If Bank Nifty crosses over 42349 then it may reach 42508. if banknifty moves down below 41579 then it may also cross 41416 and may reach to the level of 41256. if banknifty crosses below 41256 then it may reach to the level of 41062. If banknifty crosses down 41062 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 42508 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
Simple Trade Setup | BANKNIFTY | 23-12-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 23-12-2022 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
2
BANKNIFTY Intraday Trade Setup For 23 Dec 2022BANKNIFTY Intraday Trade Setup For 23 Dec 2022 Buy-Above 42640 Sl-42530 T- 42950 43370 Sell-Below 42230 Sl-42340 T-41890 41550 BANKNIFTY has closed on a bearish sentiment with 0.49% cut. It opened with a decent gap up near previous swing high in 15 Min TF. The bearish sentiment kicked in and gave a nose dive from there. Our sell level was 42550. I updated not to short in the impulsive move. Short after the pullback. As soon as that happened it gave a smooth fall till 41235. 10 o'clock range also broke downside. Today index gave multiple decent bounces also. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42640 then we will long for the target of 42950-42k. Next target after that will be 43370. For selling we need a 15 Min candle close below 42230. T- 41890. Post bounce if slide then we will test 41500-50. 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
4
Nifty daily analysis for 23/12/22.Nifty has been trading below 20 DMA and has tested 18100 levels. The index has taken a support from 38.6% fibonnaci levels and has closed above it. On the hourly time frame, the market is retested the 20 ema at the opening and there was a sell off taking support around 18100 levels. There is a sell off in the market and closed below both the moving averages, on 15 minute time frame. Support :- 18075, 17970 Resistance :- 18180, 18280 If the market breaks below 38.6% fibonacci leves, it can test the 50% level. Wait for the price action near the levels before entering th markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 22 Dec 2022BANKNIFTY Intraday Trade Setup For 22 Dec 2022 Buy-Above 42950 Sl-42840 T-43350 43625 Sell-Below 42550 Sl-42660 T-42000 41645 BANKNIFTY has closed a bearish sentiment with 1.71% cut. It it opened with slight gap up near 1st target. It was updated that we will be using 10 o'clock range to trade in such case. 10 o'clock range broke downside below 43395 and gave a clear cut move till 42365 non stop. No trailing sl was hit in 5 min TF. Its a bearish engulfing candle in daily charts. This bearish sentiment will continue below today's low. Probability of an inside candle is high tomorrow if the today's low will be safe till the 1st 45 Min. This is just a possibility so do not plan for a bigger move tomorrow. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 42950 then we will long for the target of 43350 and 43600+ For selling we need a 15 min candle close below 42550. Target will be 42365. Below 42350 we will hit 42000 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 spot chart Analysis for 22.12.2022Banknifty standing just below a strong resistance of 42671. if banknifty crosses above 42671 then it may also cross 42814 and may reach to the level of 42966. between 42966 to 43113 is also an extremely strong resistance zone . If Bank Nifty crosses over 43113 then it may also cross 43266 and may reach to the level of 43418. if banknifty moves down below where it left off then it may also cross 42508 and may reach to the level of 42349. if banknifty crosses below 42349 then it may also cross 42191 and may reach to the level of 42041. If banknifty crosses down 42041 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 43418 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
Nifty daily analysis for 22/12/22.Nifty on the daily time frame has given a bearish engulfing candle engulfing three previous candles and closed 186 points lower. The market has finally shown some momentum after a long time and the selling was there from the opening itself. On the hourly time frame, there is a bearish moving averages cross over and a nice trending market was seen today. Not a single green hourly candle was formed today and the close near 18200 level after a retest of 20 ema shows some negative trend in the last week of the year. On 15 minute time frame, the market took support around 18200 level and closed below both the moving averages. Support :- 18180, 18100 Resistance :- 18280, 18410-20 The market has given a nice movement and can remain silent after the huge fall. Watch for the option premium as tomorrow is weekly expiry. Wait for the price action near the price level before entering the markets.
NSE:NIFTY
by Mambotrade
Simple Trade Setup | BANKNIFTY | 22-12-2022 EXPIRY [INTRADAY]NSE:BANKNIFTY Trade Setup for 22-12-2022 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
Is BANKNIFTY looking to break 41000 soon? View for next 50 days.Posting after a long time... #NIFTYBANK after breaking out from C&H around 41800 levels saw a steep rise & made high of 44120, an ATH. This zone of 44000-44120 haunted #NIFTYBANK for couple of days and today it witnessed some profit booking. What lies ahead? 1. Case is still in Bull's favour if you're a positional bull. 43000-43500 is decent support zone. BN if tries to consolidate here to let RSI cool down a bit, can again try to reclaim ATH, and my personal target of 45500. 2. In case 43000 breaks on Closing Basis, gates for 41800 would open and I'd consider it as Break Out retest. So Bears can definitely enjoy this fall from 43000-41800. 3. Real problem for bulls would start if 40700 breaks on Closing Basis. That's a far fetched thing but I'm analysing it as a view for next 20-40 days not for Intraday. 4. I am personally Bullish and expect BN to hold support and have a Santa Rally but being a trader it's very important to shift gears according to situation. View is personally and not intended for trading purpose. Do your own research. Comments regarding your view are most welcome.
NSE:BANKNIFTY
by Equity_OptionTrader
BANKNIFTY Intraday Trade Setup For 21 Dec 2022BANKNIFTY Intraday Trade Setup For 21 Dec 2022 Buy-Above 43455 Sl-43350 T-43775 44000 Sell-Below 43155 Sl-43265 T-42960 42700 BANKNIFTY has closed almost on a flat note with slight cut of 50 points. It has closed near day high which is a sign of bullish sentiment. This momentum will continue above today's high if sustained . Today sell triggered as per trade setup below 43290 and gave a smooth fall till 42960. Yesterday it was mentioned in the trade setup that 43000 is will be a strong hurdle. We saw 400 points V shape recovery from there. Coming to Wednesday's trade setup, if index opens flat an 15 Min candle closes above 43455 then we will long for the target of 43775 and 44000. For selling we need a 15 Min candle close below 43155. T-42960. Below 42950 we will proceed towards 42500. 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 | 21-12-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 21-12-2022 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 21/12/22.After a initial gap down the market break down to 18200 and gained back forming a dragon fly doji giving close only 35 lower. On the hourly time frame, the market gained some momentum closing above both the moving averages. The market has given nice closing and if the market start trading above 18420 it can give nice movement up to 18500 level. On 15 minute time frame, the market has closed between both the moving averages. Support :- 18325, 18250, 18200 Resistance :- 18420, 18515 The market is giving bullish closing but the initial gap downs changes the equation. Wait for the price action near the level before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 20 Dec 2022BANKNIFTY Intraday Trade Setup For 20 Dec 2022 Buy-Above 43455 Sl-43345 T-43620 43800 Sell-Below 43290 Sl-43400 T-43100 42855 BANKNIFTY has closed on a positive note with almost 0.5% gain. It has has closed near day high and a formed a Pinbar candle in daily TF. Bullish momentum will continue above today's high if sustained. We are likely to hit 43800 if 43455 is sustained. Next downside move with full force movement will be below 43080. Today nothing triggered as per trade setup and traded inside range. 10 o'clock range broke upside and gave 70+ points. VIX has once again cooled today. Coming to Tuesday's trade setup, if index opens flat and 15 min candle closes above 43455 then we will long. T-43620 and 43800. For selling we need a 15 min candle close below 43290. T- 43100. Below 43080 we will hit 42855 and 42630. 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
Nifty daily analysis for 20/12/22.Nifty is showing some signs of recovery and has formed a strong bullish candle. The market has closed above 18400 level and on the hourly time frame, the market has closed above both the moving averages. Candle has closed near 38.2% fibonnaci level. If the market sustains above 50% fib level i.e. 18520 level the market can go to the recent high. On 15 minute time frame, the market the market has crossed and sustain above 20 ema and closed between both the moving averages. Support :- 18410, 18325 Resistance :- 18515, 18620 The market has given a bullish closing and can test higher levels. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade