Niftybank
#NIFTY Intraday Support and Resistance Levels - 30/09/2022Nifty will be gap down opening in today's session. After opening nifty sustain below 16750 level and then possible downside rally upto 16650+ in today's session. in case nifty trade above 16800 level then long target can go up to 16900 level.
BANKNIFTY Intraday Trade Setup 30 Sep 2022BANKNIFTY Intraday Trade Setup 30 Sep 2022
Buy-Above 37850
Sl-37735
T-38125 38350
Sell-Below 37535
Sl-37650
T-37300 37100
BANKNIFTY has closed on a negative note with 0.3% cut. Today it opened with a big gap up and 10 o'clock range broke downside below 37925 and gave a trendy move till 37540. Our positional short's trailing sl is intact to last swing high - 38370. Above which a pullback of the current down move may come. Also tomorrow is RBI Credit policy , safe traders should avoid trading tomorrow especially in the first half.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 37535 then we will short for continuation for the target of 37300 and 37100.
For buying we need a 15 Min candle close above 37850. Upside targets will be 38125 and 38350.
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.
Banknifty spot chart analysis for 30.09.2022Banknifty standing between an extremely strong resistance zone of 37684 to 37521.
if banknifty crosses over 37684 then it may also cross 37847 and may reach to the level of 38023.
between 38023 to 38209 is also an extremely strong resistance zone.
If Bank Nifty crosses over 38209 then it may reach to the level of 38404 and 38608.
if banknifty crosses down below 37521 then it may also cross 37382 and may reach to the level of 37225.
if banknifty crosses down below 37225 then it may take support on 37045, 37045 is a strong support.
If banknifty crosses down 37045 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 38608 tomorrow and reach higher levels.
Nifty daily analysis for 30/09/22Nifty has given another negative candle and couldn't hold on to 17000 level.
After the initial gap up the market remained negative and closed almost flat.
On the hourly time frame, the market took Resisitance from its 20 ema.
The market for 2 days had remained in the same range and in the coming week market can give some retracement before continuing the down move.
The market are still holding above 16800 levels and couldn't cross 17000 level.
Support :- 16840, 16750, 16650
Resistance :- 16920, 16990-17000
Wait and watch the price action near the levels before trading the market.
BANKNIFTY Intraday Trade Setup For 29 Sep 2022BANKNIFTY Intraday Trade Setup For 29 Sep 2022
Buy-Above 38370
Sl-38250
T-38700 39000
Sell-Below 37625
Sl-37740
T-37365 37145
BANKNIFTY has closed on a negative note with 1.56% cut. Today our short trade gave more than 6.5% gain which was triggered on 23 Sep 2022 (40280-37627). Now you can book some profit or trail to last swing high - 38370 or PDH but that is big tsl BTW. Last day we planned to short below 38180 for the target of 37933 and below. However this trade worked. 10 o'clock range broke upside and gave 110 points move.
Coming to tomorrow's trade setup, if index opens flat and a 5 min candle closes below 37625 then we will short for the target 37365 and 37145. Be strict in trailing as tomorrow is Monthly expiry.
For buying we need to wait for a 15 Min candle close above 38370. Target will be 38700 and 39000.
We may trade inside today's high and low as after a big move we are likely to consolidate.
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.
BANKNIFTY Intraday Trade Setup 28 Sep 2022BANKNIFTY Intraday Trade Setup 28 Sep 2022
Buy-Above 38710
Sl-38595
T-39023 39230
Sell-Below 38180
Sl-38290
T-37933 37633
BANKNIFTY has closed on a negative note with 0.67% cut. Today 5% target was achieved in the short target which was triggered below 40280 on 23 Sep. Now trail sl to last swing high 38710 and ride for any further fall. While 39050 is the reversal point. Today it opened with a decent gap up and 10 o'clock range broke downside below 38750 and gave a move till 38185.
Coming to tomorrow's trades setup, if index opens flat and 15 Min candle closes above 38710 then we will long for the target of 39023 and 39230.
For selling we need a 5 Min candle close below 38180. Target will be 37933. Post bounce we will head towards 37633.
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.
Nifty daily analysis for 28/09/22.Nifty as predicted has consolidated whole day and closed almost flat.
The markets are holding the level of 17000. Though, on the intraday basis the market broke the level but regained it quickly.
Nifty has given a fake out below the 17000 levels.
On 15 minute time frame, market took resistance from its 20 ema and closed just below the level.
Support :- 16990-17000, 16920, 16840
Resistance :- 17280, 17230, 17160
Today the market consolidated and a trending day can be there. If not tomorrow, the montly expiry will give nice movement.
Wait for a price action near the price levels before entering the markets.
Banknifty spot chart analysis for 27.09.2022Banknifty standing below an extremely strong support of 38608.
if banknifty moves above from where it left off then it may easily cross 38781. and 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.
BANKNIFTY Intraday Trade Setup For 27 Sep 2022BANKNIFTY Intraday Trade Setup For 27 Sep 2022
Buy-Above 38990
Sl-38880
T-39230 39510
Sell-Below 38490
Sl-38610
T-38185 37950
BANKNIFTY has closed on a negative note with 2.35% cut. Short was triggered on 23 Sep 2022 as important range (41850-40280) was broken. Range length is 1570 points and this target is met today (40280-38493). Trail sl to last previous day high if you want to ride the move if market falls further. 39000 is also very important to keep an eye. Last day we planned to short below 39410 which worked as expected. But it opened with a huge down and 10 o'clock range broke downside below 38640 and gave a move till 38493.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 38490 then we will short for the target of 38185 and 37950.
For buying we need a 15 Min candle close above 38990. Targets will be 39230 and 39510.
Keep a strict trailing method with RR in both side.
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.
Nifty daily analysis for 27/09/22NIfty after touching the crucial level of 18000 has retraced back to the 17000 levels today.
Market remain in red whole day. After the initial gap down 170 points the markets closed 300+ points lower.
Nifty on the second consecutive day has fallen more than 1.5%.
On the hourly time frame, the market remained in a broader range and consolidated in it. Nifty took support from its 17000 levels and tried to regain some points but ended losing the gains.
The market took rejection from 20 ema on smaller time frame (15 minute time frame) and has closed just around the psychological support of 17000.
Support :- 16990-17000, 16920, 16840
Resistance :- 17280, 17230, 17160
Wait for a price action near the price levels before entering the markets.
📊 #Nifty Intraday Levels For Monday 26-9-2022NSE:NIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade.
✅ Check out Previous day's levels for efficiency of Our intraday levels.
📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments.
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take charge of your own trades
Learn . Apply . Grow
**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
📊 #BankNifty Intraday Levels For Monday 26-9-2022NSE:BANKNIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop loss can be below that support line or that reversal candle's low whichever lower, same way if any candle getting resistance from any resistance level and if one can find reversal candle for short over there then one can short below that candle and stop loss can be that resistance line or that reversal candle's high whichever higher. Even one use their own trade setup with these levels. Everyday levels are different and same way the candles which going to be formed on support or resistance can be different, so cant say here perfect numbers to buy or sell or stop loss. Hope one can understand that better to trade with own wisdom in live market, even check future chart as well for better profitable trade.
✅ Check out Previous day's levels for efficiency of Our intraday levels.
📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments.
Become an independent trader
take charge of your own trades
Learn . Apply . Grow
**whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
BANKNIFTY Intraday Trade Setup For 26 Sep 2022BANKNIFTY Intraday Trade Setup For 26 Sep 2022
Buy-Above 39650
Sl-39535
T-39820 40000 40300
Sell-Below 39410
Sl-39525
T- 39250 39151 38960
BANKNIFTY has closed on negative sentiment on Friday with 2.67% cut. Last day we planned to short below 40500 and it hit all targets with extended gains (40500-39415). Important range (41850-40280) shifted on Friday and that was the reason behind a fast downside move. The breakout level was also the low of the weekly shooting star which got triggered hence a double force move came. Trail sl to cost for any further fall.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 39650 then we will long for the target of 39821 and 40000. Above which we can retest breakdown level- 40300.
For selling we need a 5 Min candle close below 39410. Downside targets will be 39250 and 39150. Below that we will head towards 38775.
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.
Banknifty spot chart analysis for 26.09.2022Banknifty standing inside in a strong resistance zone of 39632 to 39483.
if banknifty crosses above 39632 then it may also cross above 39798 and may reach to the level of 39954.
between 39954 to 40120 is also an extremely strong resistance zone.
If Bank Nifty crosses over 40120 then it may reach to the level of 40276.
if banknifty crosses down below 39483 then it may reach to the level of 39301, 39301 is a strong support.
if banknifty crosses down below 39301 then it may also cross 39108 and will reach to the level of 38947.
If banknifty crosses down 38947 then it take bounce back from bounce back zone.
it is highly unlikely that banknifty will cross 40442 tomorrow and reach higher levels.