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BANKNIFTY Intraday Trade Setup For 19 Dec 2022BANKNIFTY Intraday Trade Setup For 19 Dec 2022 Buy-Above 43450 Sl-43340 T-43620 43800 Sell-Below 43080 Sl-43190 T-42855 42630 BANKNIFTY has closed on a slight negative note last day and week. Since last 10 weeks we have been closing above previous week's low in weekly TF. Which is a positive sentiment. But if we break PWL and sustain below then we can see a good profit booking which will be the initial pullback of the mega upmove . If Friday's low will be safe then we will test 43800. Below that we will hit 42350. Only hurdle will be 43k. We have changed curve in VIX so we are likely to see medium to big length swing in intraday. Coming to Monday's trade setup, if we open flat and a 15 Min candle closes above 43450 then we will long. T-43620 and 43800. For selling we need a 15 min candle close below 43080. Target will be 42855 and 42630. Extended target will be 43350. 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 19/12/22.Nifty on the weekly time frame has given a gravestone doji losing 220 points. The markets, on the daily time frame has closed below 20 ema and has tested the ultimate level of 18250. On the hourly time frame, market has closed below both the moving averages and there is possibility of a bearish moving averages crossover. The market has given a nice retest. Nifty has faced a serious resistance from 15 minutes 20 ema and has closed near 18250 levels. Support :- 18250, 18140 Resistance :- 18400, 18515 The market can test lower levels before another up move as it has closed below the golden fib level. Wait for the price action near the level before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Important Breakout LevelsAs global sentiment looks week. We can Plan to short banknifty below the dec low line. - In case of FLAT opening we can short it on the first candle or wait for 15 mint candle breakout. - In case of GAP UP Opening we will wait for the negative price action or Look for upside scalping trades above PDH. - In case of GAP DOWN Opening we will actively look at the price and enter the market. if we get the chance to short it around pivot level with a negative candle. It will be a JACKPOT.
NSE:BANKNIFTYShort
by AjitTrades
Banknifty spot chart Analysis for 19.12.2022Banknifty standing below a strong resistance zone of 43266 to 43418. if banknifty crosses above 43418 then it may also cross 43571 and may reach to the level of 43713. between 43713 to 43876 is also an extremely strong resistance zone . If Bank Nifty crosses over 43876 then it may also cross 44034 and may reach to the level of 44187. if banknifty crosses down below 43113 then it may also cross 42966 and may reach to the level of 42814. if banknifty crosses below 42814 then it may also cross 42671 and may reach to the level of 42508. If banknifty crosses down 42508 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 44034 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
BANKNIFTY Intraday Trade Setup For 16 Dec 2022BANKNIFTY Intraday Trade Setup For 16 Dec 2022 Sell_1- Below 43370 Sl-43480 T-43175 42950 Sell_2- From 43810 Sl-43920 T-43600 43400 BANKNIFTY has closed on a negative sentiment with decent cut of 1.25%. It has closed near day low. This sentiment will continue below today's low. Last day we discussed in detail about the spinning top formed in daily TF yesterday. it was clearly mentioned that this is a sign of rest/reversal of the current uptrend. As it started to trade below spinning top's low the sentiment worked very well. Sell triggered as per trade setup @ 42980 and hit all targets (43400) with very good momentum as VIX changed curved (intraday). Coming to Friday's trade setup, if index opens flat and a 15 min candle closes below 43370 then we will short for the target of 43175 an 42950. In case we open gap up and 43810 is tested in the 1st hour then we will short from there for the target of 43600 and 43400. 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
3
Nifty intraday levels for 16.12.2022Resistance level:18485.55 Support level : 18317.85 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles are consolidating in buy zone or sell zone, wait for the breakout If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart. If gap up or gap down opening, fib retracement levels will act as the support or resistance *** For quick scalping use 5-minute time frame***** Note: Pls check my previous day ideas for better understanding & how it works Please let me know in comment section if you have any queries and like the idea If you agree with the analysis. Disclaimer: Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
NSE:NIFTY
by AATHIE
BANKNIFTY Intraday Trade Setup For 15 Dec 2022BANKNIFTY Intraday Trade Setup For 15 Dec 2022 Buy-Above 44155 Sl-44045 T-44345 44595 Sell-Below 43980 Sl-44100 T-43850 43650 BANKNIFTY has closed with a slight gain of 0.23%. A spinning top candle has been formed in daily TF. This is a sign of rest/reversal of the current uptrend. It will act as a sign of reversal if we trade below its low and will be confirmed if daily candle closes below its low. Above its high current uptrend and its sentiment will continue. VIX is ultra low that is the reason we are seeing very slow and choppy momentum in intraday. Swings are short length. A head and shoulder chart pattern can be spotted in 5 Min TF. Neckline is the day low. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 44155 then we will long for the target of 44345 and 44595. For selling we need a 15 min candle close below 43980. target will be 43850 and 43650. 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 14 Dec 2022BANKNIFTY Intraday Trade Setup For 14 Dec 2022 Buy-Above 43985 Sl-43875 T-44345 44595 Sell-Below 43850 Sl-43960 T-43600 43400 BANKNIFTY has closed on a positive sentiment with more than 0.5% gain. Last day it closed near day high and we planned to trade that bullish sentiment for the next day. Expected move came above previous day high. Buy triggered above 43770 and hit our 1st target slowly and steadily. This trade gave almost 200 points gain. Closing is near day high. This positivity will continue above today's high. Below today's low we can expect some down move. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43985 then we will long for the target of 44160, 44345 and 44595. 44k is psychological level so trail sl strictly. For selling we need a 15 Min candle close below 43850. Target will be 43600 and 43400. This is an aggressive short; confirmation will be 43765. 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 13.12.2022Banknifty standing just below a strong resistance zone of 43713 to 43876. if banknifty crosses above 43876 then it may also cross 44034 and may reach to the level of 44187. between 44187 to 44323 is also an extremely strong resistance zone . If Bank Nifty crosses over 44323 then it may also cross 44481 and may reach to the level of 44644. if banknifty moves down below where it left off then it may also cross 43571 and may reach to the level of 43418. if banknifty crosses below 43418 then it may also cross 43226 and may reach to the level of 43113. If banknifty crosses down 43113 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 44481 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
BANKNIFTY Intraday Trade Setup For 13 Dec 2022BANKNIFTY Intraday Trade Setup For 13 Dec 2022 Buy-Above 43770 Sl-43660 T-43965 44160 Sell-Below 43580 Sl-43690 T-43400 43050 BANKNIFTY has closed on a flat to slight positive sentiment. An inside candle has been formed in daily TF. Important level for a downside structure is 43350. Below this chances of a negative price action building is possible. If it sustains above today's high then we will hit psychological level of 44k. Nothing triggered as per trade setup today. Also 10 o'clock range was intact. We saw good moves in the 1st 1 hour then total sideways. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43770 then we will long for the target of 43965-44k. 2nd target will be 44160. For selling we need a 15 Min candle close below 43580. Target will be 43400. Below 43360 we will hit 43050-43k. 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 13/12/22.Nifty on the daily time frame has formed a doji candle and closed flat. On the hourly time frame, the market has tested the 200 ema and consolidated after the initial hour of movement. The market closed between both the moving averages. Nifty has traded in a broader range and remained in the range. The market has given a bullish closing but still taking resistance from 18500 level. Support :- 18435, 18366 Resistance :- 18520-550, 18615 The market has remained in a consolidation phase after an initial move and can give nice movement in the coming days. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 12 Dec 2022BANKNIFTY Intraday Trade Setup For 12 Dec 2022 Buy-Above 43855 Sl-43745 T-44100 44345 Sell-Below 43360 Sl-43470 T-43051 42830 BANKNIFTY has closed on a flat note on Friday. For the 10th consecutive week it has closed in green. Till now no weekly low has been tested and sustained. Weakness will come only when it will close below any previous week's low. A hanging man has been formed in daily TF. If the next daily candle closes below its low then only its sentiment will be strengthened. Also no previous swing low has been tested. Once again a triangle pattern has been formed in 15 Min TF. Breakout then supporting price action will lead to breakout momentum. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 43855 then we will long for the target of 44100 and 44345. For selling we need a 15 min candle close below 43360. Target will be 43050. Post bounce from this psychological level if low breaks then we will see 42400. 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