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Banknifty spot chart analysis for 12.10.2022Banknifty 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
Simple Trade Setup | BANKNIFTY | 12-10-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) Today it made Head and shoulder pattern and gave breakdown of it. Please refer below chart : 5min time frame. ------------------------------------- Trade Setup for 12-10-2022 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 11.10.2022Banknifty standing above a strong resistance zone of 39108. if banknifty crosses above 39108 then it may reach to the level of 39301. between 39301 to 39483 is also an extremely strong resistance zone. If Bank Nifty crosses over 39483 then it may also cross 39632 and may reach to the level of 39798. if banknifty crosses down below 39108 then it may also cross 38947 and may reach to the level of 38781. if banknifty crosses down below 39108 then it may also cross 38947 and may reach to the level of 38781. if banknifty crosses down below 38781 then it may take support on 38608, 38608 is an extremely strong support. it is highly unlikely that banknifty will cross 39802 vtomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
Nifty daily analysis for 11/10/22Nifty on the daily time frame has given a nice bullish candle after initial gap down. The market remained in a bullish moment in the initial hour of the session and consolidated in the second half of the session. On the 15 minute time frame, the moving averages are close enough and both the moving averages are around 17212. The market is still in the confusion and clear trend is not defined . Support :- 17230, 17170, 17070 Resistance :- 17260, 17300, 17360 The market is taking support from 50% Fibonacci level on the daily candle. If the market closes above the 20 ema on the daily time frame, the market can give a nice up move. Wait for a price action near the price levels before entering the markets.
NSE:NIFTY
by TheMamboMomentum
Simple Trade Setup | BANKNIFTY | 11/10/2022 [INTRADAY]NSE:BANKNIFTY All the levels and setup remains same. You can see all the levels and zones are working perfectly. Hope you are taking proper trades and making moneeeeeeeeeyyyyyyy. Trade Setup for 11-10-2022 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 Intraday Trade Setup For 11 Oct 2022BANKNIFTY Intraday Trade Setup For 11 Oct 2022 Buy-Above 39320 Sl-39200 T-39500 39650 40000 Sell-Below 38845 Sl-38955 T-38520 38280 38000 BANKNIFTY has closed with a minor cut of 0.22%. Today's sentiment is bullish as it has closed dear day high and a sharp recovery was seen after opening. It directly opened at our sell trade's first target. As usual bounce came from support zones. 10 o'clock range broke upside @ 38815 and we got a clear cut move till 39300. This up move will continue if it sustains above today's high. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 39315 then we will long for the target of 39500, 39650 and last target will be near 40000. For selling we need a 15 Min candle close below 38845. Target will be 38518, 38280 and last target will be near 38000. 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 10/10/22.Nifty has formed another doji on a weekly time frame. Though, market has gained 200 points on the weekly time frame, daily gap up and gap down are not giving any intraday opporunities. The market has closed just below the 20 DMA. Nifty, on the hourly time frame, is stuck between the 20 and 200 emas. In the second half on the trading session the market gave a nice up move. Indian markets follow the global markets and SGX nifty has closed 240 points lower. Nifty in trading above the moving averages on 15 minute time frame. Support:- 17230, 17170, 17060 Resistance :- 17360, 17410 The negative global markets are showing another gap down for indian markets. I would suggest to avoid intraday trades in the indices. Wait for any price action near the price action near the levels before entering the markets.
NSE:NIFTY
by TheMamboMomentum
Simple Trade Setup | BANKNIFTY | 10-10-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 10-10-2022 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
2
Banknifty spot chart analysis for 10.10.2022Banknifty standing above a strong support zone of 39108. if banknifty crosses above 39301 then it may reach to the level of 39483. between 39483 to 39632 is also an extremely strong resistance zone. If Bank Nifty crosses over 39632 then it may also cross 39798 and may reach to the level of 39954. if banknifty crosses down below 39108 then it may also cross 38947 and may reach to the level of 38781. if banknifty crosses down below 39108 then it may also cross 38947 and may reach to the level of 38781. If banknifty crosses down 38608 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 39954 vtomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
BANKNIFTY Intraday Trade Setup For 10 Oct 2022BANKNIFTY Intraday Trade Setup For 10 Oct 2022 Buy-Above 39240 Sl-39125 T-39437 39600+ Sell-Below 39805 Sl-39920 T-38570 39300 BANKNIFTY has closed almost flat on Friday as NIFTY did. A range has been formed on the last trading session. That will be used to build our next day's intraday setup. Broader weekly range is 41850 and 37380. A parallel channel is being followed in hourly TF, keep an eye on that. Important support in hourly TF is 38800. Below this trendline will be broken. Coming to Monday's trade setup, if index opens flat and a 5/15 Min candle closes above 39240 then we will long for the target of 39437 and 39600. If 39610 is sustained we will head towards 39815 and 40040. A pullback is needed before breakout. For selling we need a 5/15 Min candle close below 38805. Post breakdown target will be 38570 and 38300. If fall is sustained then we may test 37950 as 38800 is important support in hourly TF. Index will be weak below 38950. 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 7 Oct 2022BANKNIFTY Intraday Trade Setup For 7 Oct 2022 Buy-Above 39405 Sl-39290 T-39600 39815 40040 Sell-Below 39230 Sl-39345 T-39050 38877 39600 BANKNIFTY has closed with slight gain which is contributed only by gap up. It opened with a huge gap up and traded inside a range almost the whole day. 10 o'clock range broke upside and gave 75 points. The daily candle is a shooting star which indicates a selling pressure. Below today's low a down side move will come and upside move will be paused below PDL. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 39230 then we will short for the target of 39050, 38877 and extended target will be 38570. For buying one should wait till a 15 Min candle closes above 39610. Aggressive traders can long above 39405 for 120-150 points target. Be strict with RR targets with proper trailing. 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 spot chart analysis for 07.10.2022Banknifty standing inside in a strong resistance zone of 39301 to 39483. if banknifty crosses above 39483 then it may also cross above 39632 and may reach to the level of 39798. between 39798 to 39954 is also an extremely strong resistance zone . If Bank Nifty crosses over 39954 then it may reach to the level of 40120. if banknifty moves down below 39301 then it may reach to the level of 39108, 39108 is a strong support. if banknifty crosses down below 39108 then it may also cross 38947 and will reach to the level of 38781. If banknifty crosses down 38781 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 40120 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
Postmortem on #BankNifty - 06 OCT 2022 - Weekly Expiry Bank nifty opened 39343 right at the resistance line made a long wick 5mts 1st candle. The 2nd candle broke the SR line. At 09.40 after seeing the red candle i assumed BN will trade lower and exited the 39500 iron fly at the cost price. I was not expecting BN to go up and the 4 candles from 09.45 to 10.00 really surprised me. And all the trade that happened till 12.55 was against the trades i had in my mind. The reason i thought BN would not go up was because of the long wick and the immediate break in SR during the first 15 to 20mts. The trades from 13.00 to close was something that really comforted me. Eventhough i did not make big money trading today’s expiry - the closing price action was inline with the opening pattern. Again all these trades would be positional as it was the weekly expiry, to know if the trend is continuing or not we need to watch the trades of tomorrow & monday. For traders who would have taken an intraday straddle or strangle - there is a high possibility that their stop loss would have been hit. If for some reason they forgot to put the SL or simply didnt have one - they would have made money as the opening & close was almost the same. 5mts TF shows no specific direction. If tomorrow also BN stays in this range - then i would prefer to plan for a range bound expiry for 13th. 15mts TF shows a W bottom pattern 1hr TF shows the W pattern with much more clarity. This need not be taken so seriously as BN just came out from a double top M pattern last week. So we would need to wait for further sessions to confirm if its trend continuation or reversal. Bank nifty important support and resistance lines s1:38698, s2: 37946 r1: 39326, r2: 39739 Thanks for reading Viswaram Finance! No recommendations, No predictions !
NSE:BANKNIFTY
by viswaram
Simple Trade Setup | BANKNIFTY | 07-10-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1D TF we can see for recent down trend it has covered almost 50% of that move as per FIB retracement. Please refer below chart : 1D time frame. ------------------------------------- Trade Setup for 07-10-2022 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 Intraday Trade Setup For 6 Oct 2022BANKNIFTY Intraday Trade Setup For 6 Oct 2022 Buy-Above 39180 Sl-39065 T-39413 39731 40040 Sell-Below 38875 Sl-38985 T-38570 38277 38000 BANKNIFTY has closed on a positive note with 2.84% gain. After our short trade's (40280-37850) tsl was hit in index @ 37850 since then index has started recovery. Hourly swing high 38811 was broken on 4 Oct, this has initiated the pullback of the down move we saw previously. This pullback can extend till 40040-40370. Till previous day low (PDL) is safe in closing basis then this pullback move will be intact. Next downside move will come below 37380 or till any fresh shorting price action is spotted. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 39180 then we will long for the target of 39413, 39731 and extended target will be 40040. For selling we need a 5/15 Min candle close below 38877. Target will be 38570, 38277 and extended target will be 38000. 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 | 06-10-2022 [INTRADAY]NSE:BANKNIFTY Giving some big range levels in case if there is big gap up/down opening. Trade Setup for 06-10-2022 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