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Niftybank

Nifty daily analysis for 05/12/22. Nifty in this week has created a new ATH and closed near 18700 levels. The market has givena nice bullish move and has gained 1% in this week. The market has touched higher highs and has closed above the 38.2% fib level on the daily time frame. There was a sell off in the market in the first half and recover in the second half losing 115 points on day closing. On the hourly time frame, the market has closed below the 20 ema. Market have given a bullish closing, recovering in the second half of the session. Support :- 18640, 18550, 18450 Resistance:- 18700, 18780, 18850 The market are in a bullish move and this is a retest before another leg of up move. For last 7 weeks, nifty has closed 6 times in green. The market can retest 18k levels on higher time frame before another up move. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 2 Dec 2022BANKNIFTY Intraday Trade Setup For 2 Dec 2022 Buy-Above 43365 Sl-43250 T-43597 43770 Sell-Below 43100 Sl-43210 T-42920 42740 BANKNIFTY has closed on a flat note with just 29 points gain. The 600 points range which was valid since last 5 trading sessions was broken in the higher side via gap gap. As it directly opened above the range high , it slipped from opening and has closed at the range high. This breakout will be confirmed above today's high. Also it is inside the channel pattern in hourly TF. According to trade setup, it directly opened at 1st target in buy side. Later 10 o'clock range broke downside below 43390 and gave more than 250 points gain. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes below 43100 then we will long for the target of 42920 and 42740. For buying we need a 15 Min candle close above 43365. Target will be 43597 and 43770. 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 01.12.2022Banknifty 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 1 Dec 2022BANKNIFTY Intraday Trade Setup For 1 Dec 2022 Buy-Above 43340 Sl-43230 T-43522 43710 43950 Sell-Below 43000 Sl-43110 T- 42750 42550 43330 BANKNIFTY has closed on a positive note with 0.41% gain. It is still inside the 600 points range (43340-42740) which is valid since last last 5 trading sessions. Breakout of this range will lead to a initial move of 600 points any side. Any ways tomorrow is expiry so have to be very careful with trailing sl in both way trades. Today it opened flat and sell triggered and gave 1:1 profit. 10 o'clock range gave decent as it broke before sell triggered. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43340 then we will long for the target of 43522, 43710 and 43950-44k. For selling we need a 15 min candle close below 43000. Target will be 42750, 42550 and 42330. 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 30 Nov 2022BANKNIFTY Intraday Trade Setup For 30 Nov 2022 Buy-Above 43340 Sl-43230 T-43522 43710 43950 Sell-Below 42995 Sl-43105 T-42740 42550 42330 BANKNIFTY has closed on a flat note with just 33 points gain. Exact same thing happened yesterday where it closed flat with just 36 points gain. A zone is being created, can be a distribution, confirmation is on range breakdown. A range (43340 -42740) of 600 points has been created. Breakout will lead to a initial move of 600 points any side. A shooting star has been formed in daily TF. Index can slide below its low. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 43340 then we will long for the target of 43522, 43710 and 43950. For selling we need a 15 Min candle close below 42995. A pullback is needed before breakdown. Target will be 42740, 42550 and 42330. 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 30/11/22.Nifty on the daily time frame has formed a inverted hammer candle and after touching a high of 18678 closed only 55 point above the previous close. Market opened flat and from the first hour it started trading above yesterday's high. The market reversed during the last hour of the trading session. On 15 minute time frame, nifty has again closed below the 20 ema but the market has given a close above the 18600 levels. The market are looking for new highs everyday and a quick retracement can be there. Support :- 18530, 18450 Resistance:- 18670 Look for the global markets as the Dow jones was lower yesterday. If the global markets are weak, India markets can also come for a retracement. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 29 Nov 2022BANKNIFTY Intraday Trade Setup For 29 Nov 2022 Buy-Above 43160 Sl-43050 T-43340 43522 43710 Sell-Below 42960 Sl-43070 T-42740 42550 42330 BANKNIFTY has closed on a flat note with just 36 points gain. It was almost a Open=Low day. It opened with a decent gap down with 200 points cut. As per 10 o'clock range buy triggered @42951 and this trade gave the smoothest and trendy move. More than 200 points grabbed (42951-43159). Today's low will be very important for a downside structure. We are still inside channel pattern in hourly TF. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43160 then we will long for the target of 43340, 43522 and 43710. For selling we need 15 Min candle close below 42960. Target will be 42740, 42550 and 42330. We have trail sl with RR ratio in both way be in selling or buying. 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 29/11/22.Nifty on the daily time frame has formed a bullish engulfing candle and touched its ATH. On the hourly time frame, the market tested the 20 ema and from the first hour remained in the buying side. The market after touching the ATH retraced closed only 50 points higher. Even, on 15 minute time frame, the market tested the 20 ema and closed below the levels. Support :- 18535, 18450 Resistance :- 18600-10 The market has tested the highs and can create new highs. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
Nifty daily analysis for 28/11/22.Nifty on the weekly time frame has formed a bullish engulfing candle and gained 200 points taking market above 18500 level. The market on the daily time frame has formed a hammer doji and is near the all time high. Nifty may also create new ATH and reached the round number of 19k in the december series. On the hourly time frame, there is a U shape recovery. The market fell after a gap up and closed near the day's opening. Nifty took support from 20 ema, on 15 minute time frame, closed above the moving averages. Support :- 18450, 18390, 18325 Resistance :- 18535, 18600 The market can form new ATH and the halt near the high is suggest some good bullish movement during the month. Wait for the price action near the price levels before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 28 Nov 2022BANKNIFTY Intraday Trade Setup For 28 Nov 2022 Buy-Above 43060 Sl-42950 T-43300 43522 Sell-Below 42860 Sl-42970 T-42630 42460 BANKNIFTY closed on a positive note last week but on a slight negative note last day. Week ended with 1.29% gain. On Friday we saw a minor profit booking and it closed with a minor cut of 0.21%. It can be start of profit booking, but we need a negative price action in hourly TF. This profit booking can pull BANKNIFTY till 41750 levels; confirmation in the form of negative price action needed. M pattern is needed in hourly and daily. Or else it will slowly and steadily inch higher. No swing low has been tested yet. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 43060 then we will long for the target of 43300. Above 43350 we will hit 43522+. For selling we need a 15 Min candle close below 42860. Target will be 42630. Below 42600 we will hit 42460. 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
BANKNIFTY Intraday Trade Setup For 25 Nov 2022BANKNIFTY Intraday Trade Setup For 25 Nov 2022 Buy-Above 43165 Sl-43050 T-43350 43522 43686 Sell-Below 42870 Sl-42980 T-42676 42460 BANKNIFTY has closed on positive note with 0.81% gain today. It has closed at all time high. As per trade setup buy triggered and gave a move above 42861 till 43160+. It was a bit noisy and sideways for more than 4 hours in between. Rally in NIFTY was smoother as no trailing sl was hit. It has closed above round level- 43000. Bullish sentiment likely to continue above today's high. If a bearish price structure establishes below 43000 in 5 Min TF then we can slide. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43165 then we will long for the target of 43350, 43522 and 43686. For selling we need 15 Min candle closes below 42870. Target will be 42676 and 42460. 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 24 Nov 2022BANKNIFTY Intraday Trade Setup For 24 Nov 2022 Buy-Above 42861 Sl-42750 T-43055 43250 43400 Sell-Below 42629 Sl-42740 T-42478 42347 42200 BANKNIFTY has closed on a positive note with 0.64% gain. A spinning top shaped candle has been formed in daily TF. It was total sideways till 1:30. Till last moment it was trading in 60 points range. Later 10 o'clock range broke upside and gave more than 150 points gain. As per trade setup all targets were only thing was it opened above 1st target. Sharp fall was seen in the last 30 Min. Next resistance will be 43055. Important support is 42200. Break of any these levels can give big move. Coming to Thursday's trades setup, if index opens flat and a 15 min candle closes above 42861 then we will long or the target of 43055,43250 and 43400. For selling we need 15 min candle close below 42629. Target will be 42478 , 42347 and 42200. Tomorrow is Monthly expiry so trade with caution in long side especially. A profit booking from higher levels( 43055) can take place. 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
BANKNIFTY Intraday Trade Setup For 23 Nov 2022BANKNIFTY Intraday Trade Setup For 23 Nov 2022 Buy-Above 42510 Sl-42400 T- 42637 42750 42870 Sell-Below 42345 Sl-42455 T-42200 42060 41890 BANKNIFTY closed on a slight positive note with 0.26% gain. Previous day loss regained today and a small tiny candle formed in daily TF. Currently index is just consolidating between a small range which is 42650 and 42200. This range breakout will lead a fresh move either side. Till then index is likely to trade without momentum with ultra short length swings in intraday; VIX has gone below 14. Today buy triggered @ 42390 on a 15 Min candle close and hit the 1st target. It took whole day to hit 115 points target. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42510 then we will long for the target of 42637, 42750 and 42870. For selling we need a 15 Min candle close below 42345. Target will be 42200, 42060 and 41890. 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 22 Nov 2022BANKNIFTY Intraday Trade Setup For 22 Nov 2022 Buy-Above 42390 Sl-42280 T-42513 42637 42870 Sell-Below 42200 Sl-42310 T- 42060 41890 41725 BANKNIFTY has closed with a minor cut of 0.21% today. The cut is contributed by gap down. Today it traded within a very small range; 41200 and 42400. It was complete choppy market. It tested our sell level. Updated to short below 42200 which was not triggered. It traded within the 10 o'clock range. Today's range is important for tomorrow's session. Above day high it will head towards 42600 zone Above 42650 if sustained then we will head towards 43050. Below 42200 it can start a downside journey towards 41500. Coming to Tuesday's trade Setup, if index opens flat and a 15 min candle closes above 42390 then we will long for the target of 42512, 42636. Above 42650 it will head towards 43050+. For selling we need a 15 min candle close below 42200. Target will be 42060. Below 42000 if sustained then we will proceed towards 41890, 41725 and 41530. 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