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Banknifty spot chart Analysis for 29.12.2022Banknifty standing inside a strong resistance zone of 42814 to 42966. if banknifty crosses above 42966 then it may also cross 43313 and may reach to the level of 43266. between 43266 to 43418 is also an extremely strong resistance zone . If Bank Nifty crosses over 43418 then it may also cross 43571 and may reach to the level of 43713. if banknifty crosses down below 42814 then it may also cross 42671 and may reach to the level of 42508. if banknifty crosses below 42508 then it may also cross 42349 and may reach to the level of 42191. If banknifty crosses down 42191 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 43713 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
Nifty daily analysis for 29/12/22.Nifty has been constantly taking resistance from the golden ratio, forming a gravestone doji on the daily basis. The market today remain in a 100 point range and closed flat. Tomorrow, let the market show some clear trend and watch for the option premium as it is last expiry of 2022. On the hourly time frame, the market has traded near the 20 ema and closed between both the moving averages. The market, on 15 minute time frame, has closed below the moving averages and has given a fakeout of 18150 level. Support :- 18080, 17980 Resistance :- 18080, 18300 Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 28 Dec 2022BANKNIFTY Intraday Trade Setup For 28 Dec 2022 Buy-Above 42930 Sl-42820 T-43245 43510 Sell-Below 42720 Sl-42835 T- 42400 42055 BANKNIFTY has closed on a slight positive note with 0.54% gain. It has closed near day high which is a positive sentiment. This bullish sentiment will continue if it sustains above today's high. Today it opened near PDH and fell sharply, around 500 points. Sell was triggered below 42530 and gave more than 1:1 profit. Later it made a Pinbar candle in 15 Min TF and made a bottom later it was converted into a double bottom. If today's high is sustained then we can test 43770 in the coming days. Below 42390 we can slide lower. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42930. T- 43245, 43510 and 43770. 43000 is very important and have to be keenly watched. For selling we need a 15 Min candle close below 42720. T- 42055. Below 42000 we can test 41820 and 41600. 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 28/12/22.Nifty has given a dragon fly doji on the daily time frame and has closed near 50% fibonnaci level. The market has taken a support from 200 ema and gained a nice momentum. Nifty has been lagging behind the other index. On the hourly time frame, the index has started trading above the 20 ema and closed between both the moving averages. On 15 minute time frame, the market took support from the 20 ema and closed in between the EMA's. Support :- 18080, 17980 Resistance :- 18080, 18300 The marekt has been closing in green in two consecutive days gaining 320 points. Wait for the price action near the level before entering the markets.
NSE:NIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 27 Dec 2022BANKNIFTY Intraday Trade Setup For 27 Dec 2022 Buy-Above 42850 Sl-42740 T-43010 41180 43390 Sell-Below 42530 Sl- 42640 T-42290 42055 BANKNIFTY has closed on a positive note with 2.31% gain. It has formed a big bullish engulfing candle in daily TF. We discussed yesterday that 41500 juncture is very important and can act as a base. Today it opened near the same region and buy triggered as per trade setup and a hit all targets. Buy triggered above 41845 and gave a move till 42845. No TSL hit in 5 Min charts. It was a bounce from 0.382 Fib level in daily TF. Tomorrow's best trade will be on flat opening. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 42850 then we will long for the target of 43010 and 43177. For selling we need a 15 Min candle close below 42530. Target will be 42290 and 42055. 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 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 TheMamboMomentum
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 TheMamboMomentum
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 TheMamboMomentum