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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 TheMamboMomentum
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
Nifty daily analysis for 20/10/22Nifty on the daily time frame has closed almost flat, giving another doji on the daily time frame. The market has consolidated in the first half and sell off was there. During the final hour of the session the market again consolidated. Nifty has taken a support from 17500 levels and filled the gap created by the gap up. On 15 minute time frame, the market has closed below the 20 ema and traded just around the moving averages. Support :- 17495, 17410, 17325 Resistance :- 17550, 17620, 17700 The market has consolidated whole day and a trending market can be seen tomorrow. Wait for a price action near the levels before entering a trade. Avoid early entries in case of gap ups/gap downs. As tomorrow is weekly expiry and premium decay can take away the profits.
NSE:NIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 19 Oct 2022BANKNIFTY Intraday Trade Setup For 19 Oct 2022 Buy-Above 40436 Sl-40320 T-40600 40779 Sell-Below 40199 Sl-40315 T- 39950 39780 BANKNIFTY has closed on a positive note with 1% gain today. The daily range (39610-38430) was broken in the higher side and has given a very good move till now (39610-40435). Our 1st target was near 40500 which is almost hit. Next target is 40779. Keep trailing sl in 15 Min TF. As per last trade setup, 40300 acted as a resistance today and gave more than 160 points fall from there. 10 o'clock range broke upside @ 40350 and gave 80 points move. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 40436 then we will long for the target of 40600 and 40779. After 2nd target you can trail and ride. For selling we need a 15 Min candle close below 40199. Target will be 40070, 39950 and 39780. 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
Nifty daily analysis for19/10/22Nifty after a gap up it has consolidated, taking resistance from 17500 levels. The market closed above the 20 ema yesterday and the gap up took nifty to 17500 level. The market has consolidated whole day and there is a bullish moving averages cross over on the hourly time frame. On a 15 minute time frame, the market has formed a flag and pole pattern and there is a break out during the end of the session. Support :- 17450, 17410, 17325 Resistance :- 17530, 17620, 17700 The market are in a bullish movement. If the global market show some positivity, the markets can carry the momentum. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by TheMamboMomentum
Banknifty spot chart analysis for 18.10.2022Banknifty standing just below a strong resistance of 39954. between 39954 to 40120 is also an super strong resistance zone. if banknifty crosses above 40120 then it may also cross above 40276 and may reach to the level of 40442. If Bank Nifty crosses over 40442 then it may reach to the level of 40564. if banknifty moves down below 39798 then it may reach to the level of 39632, 39632 is a strong support. if banknifty crosses down below 39632 then it may also cross 39483 and will reach to the level of 39301. If banknifty crosses down 39301 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 40564 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
BANKNIFTY Intraday Trade Setup For 18 Oct 2022BANKNIFTY Intraday Trade Setup For 18 Oct 2022 Buy-Above 39975 Sl-39865 T- 40150 40300 40530 Sell-Below 39780 Sl-39890 T-39600 39400 39150 BANKNIFTY has closed on a positive note with 1.56% gain. In the weekend we discussed about the range which was 39610 and 38430 , above and below we planned for a directional move. Today the range has been broken @ 39610 and sustained , now trail sl to cost as and keep strict trailing in 15 Min TF to ride the up move. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39975 then we will long for the target of 40150 and 40300. Book max here and trail strictly to ride any further up move. For selling we need a 15 Min candle close below 39780. Post breakdown our target will be 39600. Below 39600 if sustained then we will hit 39400 and 39150. 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 18/10/22Nifty opened almost flat and sustained above the 20 DMA. Nifty has again taken resistance from the 17320 level and unable to close above it. The market in the initial hour stayed above the 20 ema and in the closing hour market crossed and closed above the 200 ema on the hourly time frame. Market in the second half has consolidated and took a serious resistance from the 17320 levels. Even on the smaller time frame the market has closed above both the moving averages. Support :- 17280, 17180, 17090 Resistance :- 17325, 17410, 17530 Nifty consolidated in the second half but banknifty was in a up trend and almost gained 600 points. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 17 Oct 2022BANKNIFTY Intraday Trade Setup For 17 Oct 2022 Buy-Above 39610 Sl-39490 T- 39800 40050 40300 Sell-Below 39195 Sl-39310 T-39000 38830 38650 BANKNIFTY has closed on a negative note with positive gains on Friday. The gain (1.76%) was contributed only by the gap up. Important levels are 39610 and 38430 above and below which the next directional move will come. Till then avoid carrying any overnight positions. Above 39610 we will head towards 40500 and above. Below 38430 we will head towards 37400 and below. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 39610 then we will long for the target of 39800, 40050 and 40300. If a 15 Min closes below 39195 then we will short for the target of 39000, 38830-50 and 38650. 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 weekly analysis for 17/10/22.Nifty on the weekly time frame has been taking support from its 20 ema and formed an inside candle. The market has remained in a range and for three weeks index has formed dojis on the weekly time frame. On the weekly closing the market has just gained 62 points. In the last trading session, nifty opened over 300 points above the previous close and consolidated in the first half and there was a sell off in the last hour of the session. The market, on the daily time frame, has closed between both the moving averages. Its still taking resistance from the 17300 levels. 200 ema on the hourly time frame has been a strong resistance. There was a fake out of the moving average and there was a nice sell off and closed near to the 20 ema. On 15 minute chart analysis, there was a head and shoulder break down and it also started trading below the 20 ema. Support :- 17180, 17090, 16960 Resistance :- 17325, 17410, 17530 Nifty has been respecting the levels and its holding its level of 17000 on the weekly closing. Global market are still fidgety. And indian markets follow the global cues. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by TheMamboMomentum
BANKNIFTY Intraday Trade Setup For 14 oct 2022BANKNIFTY Intraday Trade Setup For 14 oct 2022 Buy-Above 38860 Sl-38745 T-39000 39160 39330 Sell-Below 38435 Sl-38550 T-38226 38030 37845 BANKNIFTY has closed on a negative note with 1.26% cut. Last day we planned to sell below 38970 and this trade was triggered in the morning and hit all our targets. This trade gave straight fall from 38970 to 38440 and no trailing sl was hit till target. A perfect bounce was seen from 38500 level till 38850+. Today inside candle's low - was tested. Now if 38435 is breached then it will head lower. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 38860 then we will long for the target of 39000, 39165 and 39330. Above 39350 we can test 39600 also. For selling we need a 15 Min candle close below 38435. Target will be 38226 , 38030 and 37845. Index will be weak below 38500. 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 14.10.2022Banknifty standing below an extremely strong resistance of 38781. if banknifty crosses over 38781 then it may reach to the level of 38947. between 38947 to 39108 is also an extremely strong resistance zone. If Bank Nifty crosses over 39108 then it may also cross 39301 and may reach to the level of 39483. if banknifty crosses down below 38608 then it may reach to the level of 38404, 38404 is a strong support. if banknifty crosses down below 38404 then it may also cross 38209 and will reach to the level of 38023. If banknifty crosses down 38023 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 39483 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
BANKNIFTY Intraday Trade Setup For 13 Oct 2022BANKNIFTY Intraday Trade Setup For 13 Oct 2022 Buy-Above 39165 Sl-39050 T-39330 39485 39600+ Sell-Below 38970 Sl-39085 T-38783 38640 38500 BANKNIFTY has closed on a positive note with 1% gain today. It has closed at day high. Today's sentiment will continue above today's high. It is still inside the inside candle's range which was formed last day. High of the mother candle is 39320 and low is 38500. A move can be expected either side on this range breakout. As per trade setup buy was triggered in the second half which gave a move from 39050- 39164. Also the plotted resistance @ 38900 acted strong and gave more than 200 points fall. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 39165 then we will long for the target of 39330,39485 and 39600+. For selling we need a 5/15 Min candle close below 38970. Target will be 38785, 38640 and 38500. Below 38500 there can be sharp fall. 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