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Simple Trade Setup | BANKNIFTY | 14/11/2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 14-11-2022 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 Short Term Positional View #banknifty analysis on hourly time frame:- Laxman Rekha 41,840 (above positive and below negative) Friday DOJI on Daily timeframe on multi-year breakout 41,840, showing bulls are not confident on breakout and bears doesn't have the conviction to short. Friday LH - 41,918-42,345, any side 15 min candles close can give you 500 points. Lower time frame, 5th wave in progress, resistance area is 42,790 -42,930. Time to stay alert in the market, when pasture is all GREEN, it's time to worry. Always trade what you see, not what you feel. Regards, SG
NSE:BANKNIFTY
by subhagghosh
4
Banknifty spot chart Analysis for 14.11.2022Banknifty standing just below a strong resistance zone of 42191 to 42349. if banknifty crosses above 42349 then it may also cross 42508 and may reach to the level of 42671. between 42671 to 42814 is also an extremely strong resistance zone . If Bank Nifty crosses over 42814 then it may reach 42966. if banknifty moves down below 42041 then it may take support on 41887. if banknifty crosses below 41887 then it may also cross 41733 and may reach to the level of 41579. If banknifty crosses down 41579 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
3
BANKNIFTY Intraday Trade Setup For 11 Nov 2022BANKNIFTY Intraday Trade Setup For 11 Nov 2022 Buy-Above 41645 Sl- 41535 T-41950 42230 Sell-Below 41315 Sl- 41425 T-41050 40820 BANKNIFTY has closed in negative with positive sentiment. It has closed with 0.43% cut but at day high. Today it opened below our sell level via gap up. 10 o'clock range broke downside below 41455 and gave a move till 41320. This trade gave more than 130 points profit which was 1:2 as per intraday chart. Then in the 2nd half usual recovery happened which is happening since last 3 days. Important resistance as of now is 41950-42000. Above which a short covering move can be expected. Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 41645 then we will long for the target of 41950 and 42230. Then trail as per intraday charts for further up move. Important resistance will be 42440-42500. For selling we need a 15 Min candle close below 41315. Target will be 41050 and 40820. Chances of a big gap up is high due to US CPI numbers. 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 11/11/22.The market on the daily time frame has given a doji candle and closed 128 points, creating volatility. Nifty from yesterday was in a downtrend, making lower highs and lower lows. Even after the gap down the markets remained for selling. On the hourly time frame, the market in the last hour has given some recovery and closed above 18000 level. There was a bearish flag pattern, on 15 minute time frame, and a nice moment was there after the break down. Moving averages are close enough and the market has closed above both the EMA's (15 minute). Support :- 17974, 17900, 17835 Resistance :- 18075, 18120, 18210 The markets are volatile and the global cues are showing some negativity. The cryptocurrency too have lost around 20% till now in this week. Wait for the price action before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 10 Nov 2022BANKNIFTY Intraday Trade Setup For 10 Nov 2022 Buy-Above 41950 Sl-41840 T-42230 42421 42575 Sell-Below 41665 Sl-41775 T-41465 41250 41050 BANKNIFTY has closed at ATH with slight gain of about 100 points today. Last day we planned to buy above 41780 on a 15 Min candle close. 2nd candle closed and gave more than 150 profit. BTW it was a heavy rangebound market today, some movement was seen only in the 2nd half. Today's range will be used for tomorrow's trading session. Coming to Thursday's trading session, if index opens flat and a 15 Min candle closes above 41950 then we will long for the target of 42230,42421 and 42575. For selling we need a 15 min candle close below 41665. Target will be 41465, 41250 and 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
Nifty daily analysis for 09/11/22.The global markets are showing some positivity and hope that Indian market too will show a gap up opening. SGX nifty is trading around 18400 levels and there is a possibilty to make new ATH. Nifty on the daily time frame has given a dragon fly doji and closed above 18200 levels. In the last trading session the market has filled a gap and on the hourly time frame, it has tested its 20 ema. There was a nice up move after testing the moving average. On 15 minutes time frame, nifty has given a nice move in the last hour of the session. Support :- 18100, 18050, 18000 Resistance :- 18255, 18310, 18500 The market can create new ATH as Dow has started trading above 33k levels. Nifty can gap up 100-150 points. If the market remain in the bullish move even after gap up, bullish trades can be carried. (Carry only options of next week expiry). Wait and watch for the price action near the levels before creating new positions.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 9 Nov 2022BANKNIFTY Intraday Trade Setup For 9 Nov 2022 Buy-Above 41780 Sl-41670 T- 42065 42230 42421 Sell-Below 41530 Sl-41640 T-41340 41050 40820 BANKNIFTY has closed on a positive sentiment with 1% gain on Monday. Last day it opened with a big gap up, directly at our 1st buy target. 10 o'clock range broke downside below 41560 and gave a move till 41340. The daily candle is a hanging man which is a sign of weakness in uptrend. But this is will be confirmed only below its low. The weekly doji candle's high has been broken; sign of continuation. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 41780 then we will long for the target of 42065. This can act as a resistance. Next target if sustained will be 42230 and 42421. For selling we need a 15 Min candle close below 41530. Target will be 41340. Post bounce we will head towards 41050 and 40800-20. 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 09.11.2022Banknifty 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
1
BANKNIFTY Intraday Trade Setup For 7 Nov 2022BANKNIFTY Intraday Trade Setup For 7 Nov 2022 Buy-Above 41315 Sl-41200 T-41515 41700 41911 Sell-Below 41050 Sl-41165 T-40820 40610 40350 BANKNIFTY has closed on flat note on the last day and week. A neutral doji has been formed in weekly TF. Any side momentum is possible above and below the high(41680) and low(40800) of the candle. Important levels are 41850 and 40800 in daily TF. Breakout will lead to an start of a fresh swing either side. Selling pressure will build only when any previous swing will be broken in daily TF, as of now it is 40800. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 41315 then we will long for the target of 41515, 41700 and 41911. For selling we need a 15 Min candle close below 41050. Target will be 40820, 40610 and 40350. 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 07/11/22.Nifty on the weekly time frame, has closed above the resistance level of 17900-18000. The markets has retested the support level of 38.2% fib level and given a nice move. On the hourly time frame, the market consolidated and a nice movement was there during the closing hour of the session. Nifty traded around its 20 ema and finally closed above it. Even on the smaller time frame, the markets seems to be in a bullish momentum. Support :- 18100, 18050, 18000 Resistance :- 18170, 18320, 18500 Support for nifty are close and the resistances are far away. The weekly closing also indicates some positive momentum in the week ahead. A nice positive move can be captured. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 4 Nov 2022BANKNIFTY Intraday Trade Setup For 4 Nov 2022 Buy-Above 41480 Sl-41370 T-41700 41911 42051 Sell-Below 41235 Sl-41345 T-40960 40820 40610 BANKNIFTY has closed on a positive note with 0.37% gain. Today it opened with a decent gap down, directly at our 1st sell target which was the major swing low in daily TF. As usual a sharp bounce came from support zone, the bounce was more than 600 in less than 2 hours. 10 o'clock range broke upside above 41335 and gave more than 140 points profit. Then index turned sideways and consolidated between 41480 and 41235. And this range will be used to build our trade next day. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 41480 then we will long for the target of 41700, 41911. If it sustains above 41950 the we will hit 42057 and 42230. For selling we need a 15 Min candle close below 41235. Target will be 40960, 40820. Below 40800 index will dive towards 40610. 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 3 Nov 2022BANKNIFTY Intraday Trade Setup For 3 Nov 2022 Buy-Above 41225 Sl-41115 T-41350 41475 41570 Sell-Below 41060 Sl-41170 T-40840 40610 BANKNIFTY has closed on a negative sentiment with slight cut of 0.35% cut. Last day we planned to buy above 41400 , it was triggered but sl hit. Later 10 o'clock range broke downside and sell level also triggered and gave 170 points gain. In nutshell it was green as per trade setup. Important levels are 41850 and 40830. Above and below a fresh move will come. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41225 then we will long for the target of 41350, 41475. Above which we will hit 41570 and 41700. For selling we need a 15 Min candle close below 41060. Target will be 40840 and 40610. In between 40935 and 40718 are also placed. 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