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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
Banknifty spot chart analysis for 06.10.2022Banknifty standing on 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 39789. if banknifty moves down from where it left off 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. If banknifty crosses down 38608 then it take bounce back from bounce back zone. it is highly unlikely that banknifty will cross 39954 tomorrow and reach higher levels.
NSE:BANKNIFTY
by stoxway
BANKNIFTY Intraday Trade Setup For 4 Oct 2022BANKNIFTY Intraday Trade Setup For 4 Oct 2022 Buy-Above 38390 Sl-38280 T-38560 38800 Sell-Below 37960 Sl-38070 T-37690 37400 BANKNIFTY has closed with 1.56% cut and formed an inside candle in daily TF. Breakout of the mother candle's range will give us a move either side. Last we planned to short below 37530 this trade worked perfectly but it opened with a big gap down. So we already planned to trade 10 o'clock range breakout in case of gap up/down. It broke downside and gave a move but with huge volatility. Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 37960 then we will short for the target of 37690 and 37400. A pullback before breakdown is needed. For buying we need a 15 Min candle close above 38400. 1st target will be 38560 then 38800+. 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 Intraday Trade Setup For 3 Oct 2022BANKNIFTY Intraday Trade Setup For 3 Oct 2022 Buy-Above 38815 Sl-38700 T-39000 39200 Sell-Below 38530 Sl-38650 T-38200 37889 BANKNIFTY has closed on a positive note and formed a bullish engulfing candle on Friday. On Friday our TSL for short trade was triggered as previous high was tested in 15 Min TF. This trade gave us a fantastic straight move below our shot level (40280-37850). Next selling pressure will resume below Friday's low- 37380. We need more price action to make a fresh directional move upside. Coming to Monday's trade setup, if index opens flat and a 15 min candle close above 38811, then we will long for the target of 39000 and 39200+. For selling we need a 15 Min candle close below 38530. Target will be 38200 and 37889. 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
Banknifty spot chart analysis for 03.10.2022Banknifty standing above 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.
NSE:BANKNIFTY
by stoxway
Simple Trade Setup | BANKNIFTY | 03-10-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 03-10-2022 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 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.
NSE:BANKNIFTY
by Omahto
6
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.
NSE:BANKNIFTY
by stoxway
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.
NSE:NIFTY
by TheMamboMomentum
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.
NSE:BANKNIFTY
by Omahto
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.
NSE:BANKNIFTY
by Omahto