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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
Banknifty spot chart Analysis for 22.11.2022Banknifty standing just below a strong resistance of 42349. if banknifty crosses above 42349 then it may reach 42508 . between 42508 to 42671 is also an extremely strong resistance zone . If Bank Nifty crosses over 42671 then it may also cross 42814 and may reach to the level of 42966. if banknifty moves down below where it left off then it may also cross 42191 and may reach to the level of 42041. if banknifty crosses below 42041 then it may also cross 41887 and may reach to the level of 41733. If banknifty crosses down 41733 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 43113 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
Nifty daily analysis for 22/11/22Nifty on the daily time frame has formed a negative candle and consolidated whole after the initial hour selling. Market has closed in the 50-61.8% fib level range. If the market starts a up move, it can test its ATH. The market, on the hourly time frame, has closed between both the moving averages There is a box consolidation and market has closed near the 20 EMA on 15 minute time frame. The market on the smaller time frame has given a bearish moving averages crossover. Support:- 18120, 18070, 17975 Resistance:- 18210, 18270 Wait for the price action near the levels before trading the markets.
NSE:NIFTY
by TheMamboMomentum
Simple Trade Setup | BANKNIFTY | 21/11/2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 21-11-2022 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
BANKNIFTY Intraday Trade Setup For 21 Nov 2022BANKNIFTY Intraday Trade Setup For 21 Nov 2022 Buy-Above 42480 Sl-42370 T-42620 42835 43055 Sell-Below 42220 Sl-42330 T-42060 41918 41725 BANKNIFTY closed on an absolute flat note on Friday. The week ended with a slight gain of less than 1%. In nut sell whole week was sideways. Last day as per trade setup, sell triggered and gave 140 points gain. Later it closed at mid point. Small range i.e 42625 and 42220 will decide the next move on breakout. Also we need a proper price structure (M) for sell side. This small range is important to watch out for a ultra short span of time. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 42480 then we will long for the target of 42620. Above 42650 if sustained then we will hit 42835 an 43055. For selling we need a 15 Min candle close below 42220. Target will be 42060. Below 42000 if sustained we will hit 41725. 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
Banknifty spot chart Analysis for 21.11.2022Banknifty standing just below a strong resistance zone of 42508 to 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 reach 43266. if banknifty moves down below 42349 then it may take support on 42191. if banknifty crosses below 42199 then it may also cross 42041 and may reach to the level of 41887. If banknifty crosses down 41887 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 18/11/22.After a consolidation nifty has given a break down and tested 18300 levels. There is doji on the higher time frame and there can be retest. On the hourly time frame, the market has breached its 20 ema and closed below it. There was a short covering in the last hour and the market can be in red today also. Even on 15 minute time frame, the markets closed between both the EMA’s. Support:- 18320, 18280, 18210 Resistance:- 18360, 18400 Wait for the price action near the levels before trading the markets.
NSE:NIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 18 Nov 2022BANKNIFTY Intraday Trade Setup For 18 Nov 2022 Buy-Above 42625 Sl-42510 T-42835 43055 Sell-Below 42360 Sl-42470 T-42190 42000 BANKNIFTY has closed on a slight negative note with 0.18% cut today. A shooting star has been formed in daily TF which is a sign of reversal. It will be confirmed below its low- 42360. Today it traded inside previous day's range completely. Nothing was triggered as per trade setup. Index has formed a 160 points range in last 2 days. Breakout of this range (42625 and 42360) will trigger the next move. Initial target post breakout will be 250 points either side. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42625 then we will long for the target of 42835 and 43055. For selling we need a 15 Min candle close below 42360. Target will be 42190 and near 42000. 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 17 Nov 2022BANKNIFTY Intraday Trade Setup For 17 Nov 2022 Buy-Above 42615 Sl-42500 T-42835 43055 Sell-Below 42398 Sl-42410 T- 42190 42000 BANKNIFTY has closed on a positive note with 0.38% gain. Last day inside candle's range was broken in higher side above 42350 and told that this breakout will be matured above PDH. So has happened and gave 150 points up move above our buy level. It just traded in a 300 points range as VIX and volume both have collapsed since last week. Next important resistance is 43055. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42615 then we will long for the target of 42835 and 43055. For selling we need a 15 Min candle close below 42398. Target will be 41190 and near 42000. Below 41900 it will slide more. 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 17/11/22.Nifty has given a neutral doji on the daily time frame. The market has consolidated and tested its 20 ema on the hourly time frame. On the higher levels nifty is taking a halt and can give either side moment. The market gave a downside movement and regained some points in the last hour and closed near its 20 ema (15 minute time frame). Watch for the RSI divergence and if the market goes for a retest, it will be quick. Support :- 18360, 18320, 18280 Resistance :- 18435, 18500, 18600 The market on the higher levels are halting and if it wait for another day, next week it can give a good movement either side. Wait for the price action near the price level before entering the trade.
NSE:NIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 16 Nov 2022BANKNIFTY Intraday Trade Setup For 16 Nov 2022 Buy-Above 42451 Sl-42340 T- 42640 42835 Sell-Below 42229 Sl-42340 T-42060 41920 BANKNIFTY has closed on a positive note with 0.7% gain today. Today it opened between the inside candle's range and traded inside till last hour. Nothing was triggered as per trade setup till last moment. In the late 2nd half buy triggered as per trade setup and gave 100 points move. The inside candle's range has been broken but has not closed above in daily TF. Above today's high it will be matured. Next important resistance will be 43055 which is also a round level. Below 41900 down move will be triggered. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42451 then we will long for the target of 42640 and 42835. Extended target will be 43055. For selling we need a 15 min candle close below 42229. Target will be 42060 and 41920. Below 41900 a good down move can be seen. 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 | 16-11-2022 [INTRADAY]NSE:BANKNIFTY Most of everything remains same as per previous trade setup. Trade Setup for 16-11-2022 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 16/11/22.A nice bullish engulfing candle has been formed on the daily time frame. Nifty, finally has given a close above 18400 and can test its ATH. There was volatility in the market and market tested its 20 ema (on hourly time frame) and gave a nice up move in the last hour of the trading session. On 15 minute time frame, the market traded around its moving average and gave a break out in the last hour. Support :- 18400, 18375, 18320 Resistance :- 18500, 18600 Let the market take a retest before another up move. Wait for the price action near the price level before entering the markets.
NSE:NIFTY
by TheMamboMomentum