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Niftybank

Banknifty spot chart Analysis for 02.11.2022Banknifty standing just below a strong resistance zone of 41256 to 41421. if banknifty crosses above 41421 then it may reach to the level of 41579. between 41579 to 41733 is also an extremely strong resistance zone . If Bank Nifty crosses over 41733 then it may also cross 41887 and may reach to the level of 42041. if banknifty moves down below 41256 then it may also cross 41062 and may reach to the level of 40878. if banknifty crosses below 40878 then it may reach to the level of 40717. If banknifty crosses down 40717 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 42041 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
BANKNIFTY Intraday Trade Setup For 1 Nov 2022BANKNIFTY Intraday Trade Setup For 1 Nov 2022 Buy-Above 41355 Sl-41250 T-41500 41680 41850 Sell-Below 41215 Sl-41315 T-41105 40980 40840 BANKNIFTY has closed on a positive note with 0.77% gain. Today it directly opened at our 1st target in buy side and fell 150 points from there. Then it turned sideways and consolidated between 10 o'clock range. Next day trade will be based on today's range. Important swing low in daily TF is 40839. Below which a bearish price action can established. If it sustains above ATH then we can see a good up move. Monthly TF chart looks bullish above ATH. Coming to Tuesday's trade setup, if index opens flat and a 5/15 Min candle closes above 41355 then we will long for the target of 41500+. Above 41550 if sustained then we will test ATH levels. For selling we need a 15 Min candle close below 41215/ Target will be 41105. Below 41105 we will hit next targets - 40980 and 40840. Range in 15 Min TF is 41531 and 40835. 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 | 31/10/2022 [INTRADAY]NSE:BANKNIFTY This trade setup is considering that tomorrow it will be going to have good gap up above 41200 atleast. Trade Setup for 31-10-2022 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 spot chart analysis for 31.10.2022Banknifty standing just below a strong resistance zone of 40878 to 41062 if banknifty crosses above 41062 then it may also cross above 41256 and may reach to the level of 41421. between 41421 to 41579 is also an extremely strong resistance zone . If Bank Nifty crosses over 41579 then it may reach to the level of 41733 . if banknifty moves down below 40878 then it may also cross 40717 and may reach to the level of 40564. between 40564 to 40442 is a strong support zone . If banknifty crosses down 40442 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 41733 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
BANKNIFTY Intraday Trade Setup For 31 Oct 2022BANKNIFTY Intraday Trade Setup For 31 Oct 2022 Buy-Above 41065 Sl-40950 T- 41265 41500+ Sell-Below 40835 Sl-40950 T-40610 40330 BANKNIFTY has closed just in the positive territory last weak. A tiny candle red candle with slight positive gains has been formed. On Friday buying trade hit a 110 points sl then we sell triggered and that gave more than 300 points gain. Inside candle's range was broken and gave 180 points move but end of the day closed inside the range. Now the range is 41550 and 40835. Directional move is expected on this breakout. Also we are trading at crucial levels as ATH is nearby. We need some price action in daily TF for further move expectancy. Coming to Monday's trade setup, if index opens flat and a 15 min candle closes above 41065 then we will long for the target of 41265, 41400 and near 41500 levels. For selling we need a 15 Min candle close below 40835. Target will be 40610 and 40330. 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 28 Oct 2022BANKNIFTY Intraday Trade Setup For 28 Oct 2022 Buy-Above 41370 Sl-41260 T- 41530 41670 41840 Sell-Below 41175 Sl-41285 T-41020 40800 40600 BANKNIFTY has closed with 0.43% gain today. An inside candle has been formed in daily charts. Mother candle's high is 41535 and 41020. Breakout of this range will give a directional move . Initial target post breakout will be the height of the range which 500 points. Last day it opened with a decent gap up and buy triggered which gave more than 110 points which was 1:1. Later 10 o'clock range broke downside and gave 80 points. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 41370 then we will long for the target of 41530, 41670 and 41840. For selling we need a 15 Min candle close below 41175. Target will be 41020. Below 41000 we will head towards 40800 and 40600. 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 28/10/22.Nifty on the daily time frame has given a dragon fly doji and has formed an inside candle. The market remained volatile and during the second half of the trading session the market has gained some points. On the hourly time frame, the market tested the 20 ema and there was a nice up move. Nifty remained in a downtrend whole day and during the last hour market has gained some moment. Support :- 17710, 17660, 17630 Resistance :- 17800, 17915, 18000 Let the markets cross the recent high and cross previous day high. Wait for the price action near the level before entering the markets.
NSE:NIFTY
by Mambotrade
Banknifty spot chart analysis for 27.10.2022Banknifty standing just below a strong resistance zone of 41062 to 41256. if banknifty crosses above 41256 then it may also cross above 41421 and may reach to the level of 41579. between 41579 to 41733 is also an extremely strong resistance zone . If Bank Nifty crosses over 41733 then it may reach to the level of 41887. if banknifty crosses down below 41062 then it may also cross 40878 and may reach to the level of 40717. if banknifty crosses down below 40717 then it may also cross 40564 and will reach to the level of 40442. If banknifty crosses down 40442 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 42041 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
BANKNIFTY Intraday Trade Setup For 27 Oct 2022BANKNIFTY Intraday Trade Setup For 27 Oct 2022 Buy-Above 41400 Sl-41290 T-41630 41840 42230 Sell-Below 41020 Sl-41130 T-40800 40610 40330 BANKNIFTY has closed on a negative note with 0.44% cut on Tuesday. Last day it opened with a decent gap up and traded inside range where 10 o'clock range was intact the whole day. Short trade as per trade setup gave just 90 points. I had already updated to trail sl to cost with RR ratio. Currently index is at a striking distance from ATH. Sustaining above 41400 and above last day's high can trigger a short covering. We have to be alert in this zone as it at a crucial place. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41400 then we will long for the target of 41630 and 41840. If it sustains above 41850 then we can see a short covering move to hit further mentioned targets. For selling we need a 15 Min candle close below 41020. Target will be 40800, 40610. Below 40600 we will dive near 40300. 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 27/10/22.Nifty on the daily time frame has formed a bearish engulfing candle and the gap created on muhurat trading was filled perfectly. The market opened gap up and there was a sell off from the first hour of the trading session. On the hourly time frame, market has closed just above the 20 ema and lost around 50 points during the last hour trading hour. Nifty has respected the level of 17700 and there was a nice rejection from the level. It has closed between both the moving averages, on 15 minute time frame. Support :- 17625, 17585, 17525 Resistance:- 17660, 17710, 17800 Nifty has retested today after a nice up move during the last week. The global sentiments are also positive. Short range supports are there for nifty and it can reverse from the supports. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 25 Oct 2022BANKNIFTY Intraday Trade Setup For 25 Oct 2022 Buy-Above 41430 Sl-41310 T- 41631 41840 42000+ Sell- Below 41200 Sl-41310 T- 40875 40610 40330 BANKNIFTY has closed on a positive note with 1.28% gain. A doji has been created on Monday which is a sign of halt; indecision. Next day closing above or below the candle's high and low will give us the sentiment which side the indecision can turn. After swing buy triggered on 17 Oct 2022 @ 39610 Index has been trending in our favor and we are at striking distance from ATH. TSL can be kept at PDL (CB). Above ATH once again index will be trending for a larger up move. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 41430 then we will long for the target of 41631 and 41840. For selling we need a 15 Min candle close below 41200. Post breakdown we will short for the target of 40875 and 40610. 41000 is midway so be alert on that as a target. 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 21 Oct 2022BANKNIFTY Intraday Trade Setup For 21 Oct 2022 Buy-Above 40210 Sl-40095 T-40360 40500 40650 Sell-Below 40024 Sl-40140 T-39850 39710 39550 BANKNIFTY has closed with 0.68% cut today. Our swing long target was hit last day( 19 Oct) which was triggered @ 39610 on 17 Oct. After that index has collapsed around 800 points. Last day we planned planned to sell below 40195 which gave more than 300 points and our 1st target was hit. Usual bounce came came from support. A range has been formed in today's trading session, above and below which a fresh move will come. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 40210 then we will long for the target of 40360, 40500. If 40550 is sustained then we will hit 40800. For selling we need a 15 Min candle close below 40024. Target will be near 39850. Below 39845 we will hit 39710 and 39550. 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 21/10/22Nifty on the daily time frame has given a nice bullish candle and during the last trading hour market sustained above 17500 level. After a gap down market, market gave a up move and remain consolidated for 4 hours in a 40-50 points range. On 60 minute time frame, the market sustained above the 20 ema in the initial hour and the break out during the last hour, gave some positive cues for tomorrow. Nifty remained stronger than banknifty and closed gaining 30 points while banknifty closed in the red. Support :- 17550, 17510, 17430 Resistance :- 17620, 17710, 17810 The market took a nice support for the previous day low and a nice up move was there. Wait for the price action near the level before entering the market.
NSE:NIFTY
by Mambotrade
BANKNIFTY Intraday Trade Setup For 20 Oct 2022BANKNIFTY Intraday Trade Setup For 20 Oct 2022 Buy-Above 40535 Sl-40420 T-40800 41000 41200 Sell-Below 40195 Sl-40305 T-39900 39710 39550 BANKNIFTY has closed on a flat note with 54 points gain, just like NIFTY. Today our 1st target in long side was hit which was triggered on 17 Oct @ 39610 (39610-39640+) . As usual a profit booking came as we booked some gains. Last day we planned to buy above 40436 which hit our 1st target very smoothly and then fall came from there. 10 o'clock range broke downside below 40448 and gave 435 points gain. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 40535 then we will long for the target of 40800, 4100 and 41200. For selling we need a 15 Min candle close below 40195. Target will be 39900, 39710 and 39550. Be strict to trail sl to cost with RR ratio. 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 spot chart analysis for 20.10.2022Banknifty standing just below a strong resistance zone of 40442 to 40564. if banknifty crosses above 40564 then it may also cross above 40717 and may reach to the level of 40878. between 40878 to 41062 is also an extremely strong resistance zone . If Bank Nifty crosses over 41062 then it may reach to the level of 41256. if banknifty moves down below 40442 then it may also cross 40276 and may reach to the level of 40120. if banknifty crosses down below 40120 then it may also cross 39954 and will reach to the level of 39798. If banknifty crosses down 39798 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 41256 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway