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BANKNIFTY Intraday Trade Setup For 20 Jun 2024BANKNIFTY Intraday Trade Setup For 20 Jun 2024 Bullish-Above 52000 Invalid-Below 51890 T- 52550 Buy_2- From 50820 Invalid-Below 50710 T- 51400 BANKNIFTY has closed on a bold bullish note with 1.9% gain today. Buy triggered as per trade setup above 50600 and gave a very good move after the pullback entry. It had a huge divergence with NIFTY. We discussed yesterday that index has given a range breakout in hourly TF above 50300 and good momentum is kicking in now. Tomorrow by any chance 50820 is tested then it will be an intra support. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 52k then we will long for the target of 52550. 2nd buying can be done from 50820. T- 51400. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 19 Jun 2024BANKNIFTY Intraday Trade Setup For 19 Jun 2024 Bullish-Above 50600 Invalid-Below 50490 T- 51160-200 Bearish-Below 50120 Invalid-Above 50230 T- 49650 BANKNIFTY has closed on a bullish note with 0.88% gain today. After couple of days it broke narrow hourly range in the upside. Buy triggered as per trade setup above 50260 and gave a move till 50560, good intraday gain. Tomorrow once again we may a good upside move if index opens below 50560 and then breaks 50600, after a pullback before breakout. 50120 will be an intra support. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 50600 then we will long for the target of 51160. For selling we need a 15 Min candle close below 50120. T- 49650. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 17 Jun 2024BANKNIFTY Intraday Trade Setup For 17 Jun 2024 Bullish-Above 50260 Invalid-Below 50150 T- 50750 Bearish-Below 49690 Invalid-Above 49800 T- 49200 BANKNIFTY has closed on with a slight gain of 0.41% gain last week. We already discussed that probability of an inside candle is very high last week, inside candle represents contraction. Next week 49500 looks an important level for a downside trigger in short term. Below 49500 index may start a bearish journey in daily TF. Index has formed a stiff ceiling @ 50250 so above this we may witness a bullish breakout move. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 50260 then we will long for the target of 50750. For selling we need a 15 Min candle close below 49690. T- 49200. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 14 Jun 2024BANKNIFTY Intraday Trade Setup For 14 Jun 2024 Bullish-Above 50300 Invalid-Below 50190 T- 51000 Bearish-Below 49750 Invalid-Above 49860 T- 49230 BANKNIFTY has closed once again on flat note with minor cut of 0.1% today. Since 7 Jun it is closing exactly near same level everyday. However we have already discussed the possibility of compressed move this week on Monday itself. We have a holiday on Monday so there will be multiple expires which may result in random moves. 50300 and 49750 is the range to look for breakout. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 50300 then we will long for the target of 51k. For selling we need a 15 min candle close below 49750. T- 49230. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 13 Jun 2024BANKNIFTY Intraday Trade Setup For 13 Jun 2024 Bullish- Above 50300 Invalid-Below 50190 T- 51000 Bearish- Below 49500 Invalid- Above 49610 T- 48700 BANKNIFTY has closed with a slight gain of 0.38% gain today. Index has been trading sideways since last 3 session. Premiums have been adjusted to normal pricing. Since the start of this week we discussed that index is likely to form an inside candle in weekly TF which is happening and implication of that will be compressed moves. Tomorrow once again we will follow non directional approach between 50300 and 49500. Breakout of this range will trigger directional move. Wedge formation indicates bulls are trying to take control again. Coming to Thursday's trade setup, if index opens flat and a 15 MIN candle closes above 50300 then we will long for the target of 51k. For selling we need a 15 MIN candle close below 49500. T- 48700. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 12 Jun 2024BANKNIFTY Intraday Trade Setup For 12 Jun 2024 Bullish-Above 50000 Invalid-Below 49890 T- 50750 Bearish-Below 49500 Invalid-Above 49610 T- 48700 BANKNIFTY has closed with a slight cut of 0.15% cut today. Nothing was triggered as per trade setup, traded between 400 points range. Index is consolidating and premiums are getting to its normal value after event. It has formed a spinning top candle in daily TF which indicates indecision in market, direction missing market. If index breaks the plotted trendline and sustains above 50k then a short covering move is possible. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 50k then we will long for the target of 50750. For selling we need a 15 Min candle close below 49500. T- 48700. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 11 Jun 2024BANKNIFTY Intraday Trade Setup For 11 Jun 2024 Bullish-Above 50300 Invalid-Below 50190 T- 51000 Bearish-Below 49550 Invalid-Above 49660 T- 48730 BANKNIFTY opened absolutely flat and closed absolutely flat today. Intraday moves were choppy. It has formed a shooting star in daily TF and chance of a corrective move of the rise from 46100 is high. Below 49550 we may test 48700 zone. Chances of an inside candle looks high in weekly TF. 50300 will be important for any upside trigger, probably towards ATH. 48700 zone can act as an intraday support tomorrow. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 50300 then we will long for the target of 51k. For selling we need a 15 Min candle close below 49550. T- 48700. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 3 May 2024 | Loksabha TradingBANKNIFTY Intraday Trade Setup For 3 May 2024 Bullish-Above 49150 Invalid-Below 49000 T- 50570 52170 BANKNIFTY has closed on a neutral note last week unlike NIFTY being on a slight bearish note. This means that there is a divergence of strength which will lead BANKNIFTY being stronger than NIFTY in the coming days. As per Exit Polls it looks that there can a huge short covering rally ahead of result day. In the coming days 52250 zone can be tested. High chance of a big gap up on Monday so follow 10 o'clock range breakout. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 49150 then we will long for the target of 52170. High chance of a gap up so follow 10 o'clock range to build trade with calculated risk. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 30 May 2024BANKNIFTY Intraday Trade Setup For 30 May 2024 Bullish-Above 48700 Invalid-Below 48590 T- 49230 Bearish-Below 48350 Invalid-Above 48460 T- 47625 BANKNIFTY has closed on a bearish note with 1.3% cut today. Index opened with a big gap down of 355 points. 10 o'clock range was to be used as per setup, range broke downside below 48770, trade gave almost 1:4 gain till 48405 with slow momentum. Tomorrow if 48350 acts as a initial support then a bounce towards 48700 zone is possible. In case index breaks 48350-30 then a gradual fall towards 47625 is possible. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 48700 then we will long for the target of 49230. For selling we need a 15 Min candle close below 48350. T- 47625. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 29 May 2024BANKNIFTY Intraday Trade Setup For 29 May 2024 Bullish-Above 49350 Invalid-Below 49240 T- 49775 Bearish-Below 49040 Invalid-Above 49150 T- 48450 BANKNIFTY has closed on a bearish note with 0.28% cut today. Yesterday we discussed that chances of index being inside 49700 and 49000 is high, so has happened today. Now tomorrow chances of a trendy move tomorrow. Below 49000 index may slip towards 48450 zone. Above 49350 chances of a upmove is also there. Be ready for both side moves ahead of major event. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 49350 then we will long for the target of 49800. For selling we need a 15 Min candle close below 49040. T- 48450. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 28 May 2024BANKNIFTY Intraday Trade Setup For 28 May 2024 Bullish-Above 49700 Invalid-Below 49590 T- 50200 Bearish-Below 49050 Invalid-Above 49160 T- 48450 BANKNIFTY has closed with 0.63% gain today. Buy triggered above 49060 and hit our target perfectly (49688). Price took resistance exactly at our target and in the last 45 Min fell with full force but it seems like DIIs came and supported the market and observed the selling. Chances of a range bound market looks high between 49700 and 49000 tomorrow. Breakout of this zone may trigger a directional move. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 49700 then we will long for the target of 50200. For selling we need a 15 Min candle close below 49050. T- 48450. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Banknifty Levels and Zones for tomorrow [28/05/2024]NSE:BANKNIFTY 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 zones. 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 27 May 2024BANKNIFTY Intraday Trade Setup For 27 May 2024 Bullish-Above 49060 Invalid-Below 48950 T- 49635 Bearish-Below 48640 Invalid-Above 48750 T- 48200 BANKNIFTY has closed on a bullish note with 1.6% gain last week. Index looks ready for a fresh ATH. Index is still following the channel in daily TF, now the upper trendline of the channel has to be tested which will take index above 50k mark. If index sustains above today's high after 10 o'clock then once again there is a chance of trendy move on Monday. Below 48600 index may give a retracement of the 90 degree upmove from 47450. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 49060 then we will long for the target of 49650. For selling we need a 15 Min candle close below 48640. T- 48200. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
Banknifty Levels and Zones for coming weekNSE:BANKNIFTY 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 zones. 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 24 May 2024BANKNIFTY Intraday Trade Setup For 24 May 2024 Bullish-Above 48850 Invalid-Below 48740 T- 49450 Buy_2- From - 48250 Invalid-Below 48140 T- 48800+ BANKNIFTY has closed on a bold bullish note with 2% gain today. After 2 weeks it was a clear trendy day. Tomorrow once again we can expect continuation above today's high. Best scenario will be on a flat opening a slight pullback before the breakout of 48850. In case there is a down move then 48250 will be a strong support (38.2%). We will consider a buy position from the same. Avoid bearish view till a bearish price action establishes in 15 Min TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 48850 then we will long for the target of 49450. 2nd buy can be considered from 48250. T- 48800+. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
NIFTY Intraday Trade Setup For 20 May 2024NIFTY Intraday Trade Setup For 20 May 2024 Bullish-Above 22530 Invalid-Below 22480 T- 22737 Bearish-Below 22430 Invalid-Above 22480 T- 22230 NIFTY has closed on a bullish note with 2% gain last week. It has taken support from the lower trendline support in daily TF. Since last one month we have been discussing that the broad range is 22800 and 21700-800. Breakout of this range will trigger a fresh trend. Overall sentiment is sideways, this week caters a bullish sentiment inside the range. Monday's intraday range is 22530 and 22430. We will simply trade on this range breakout. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 22530 then we will long for the target of 22737. For selling we need a 15 Min candle close below 22430. T- 22230. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:NIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 20 May 2024BANKNIFTY Intraday Trade Setup For 20 May 2024 Bullish-Above 48300 Invalid-Below 48190 T- 48720 49165 Bearish-Below 48000 Invalid-Above 48110 T- 47450 BANKNIFTY has closed on a slight bullish note with 1.64% gain last week. Index is taking 5th bounce from channel's lower trendline in daily TF. As per this ongoing pattern index will test the upper trendline. One need to check previous lows in daily TF, break of any previous will trigger a downside structure which be somehow strong. Topping out signs needs to be spotted in monthly TF. I will treat index decline till it is below 50k and bullish above the same. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48300 then we will long for the target of 48720. For selling we need a 15 Min candle close below 48000. T- 47450. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 17 May 2024BANKNIFTY Intraday Trade Setup For 17 May 2024 Bullish- Above 48070 Invalid-Below 47960 T- 48665 Buy_2- From 47650 Invalid- Below 47540 T- 48100+ BANKNIFTY has closed on a bullish note with 0.61% gain today. It was just too volatile the whole day. Twice it got sold into with a deep pullback. Index gave a sharp recovery and closed near day high. It has formed a Pin-bar candle in daily TF, above today's high we can expect good up move towards 48665. Index may find intra support near 47650 zone. We will maintain bullish view tomorrow but with TSL in 5 MIN TF. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 48070 then we will long for the target of 48665. 2nd buy can be done from 47650 zone. T- 48100+. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
6
BANKNIFTY Intraday Trade Setup For 16 May 2024BANKNIFTY Intraday Trade Setup For 16 May 2024 Bullish-Above 47970 Invalid-Below 47860 T- 48510 Bearish-Below 47500 Invalid-Above 47610 T- 46950 BANKNIFTY has closed on a bearish note with 0.36% cut today. Since last 2 sessions index has stuck between 48000 and 47500. As per discussed analysis in the weekend we discussed the possibility of halt of the downtrend or reversal. Index has taken a halt which is common before reversal. We will trade on the range breakout of 48000 and 47500. Maintain neutral/sideways view between this range. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 47970 then we will long for the target of 48511. For selling we need a 15 Min candle close below 47500. T- 46950. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 15 May 2024BANKNIFTY Intraday Trade Setup For 15 May 2024 Bullish-Above 47950 Invalid-Below 47840 T- 48511 49050 Bearish-Below 47600 Invalid-Above 47710 T- 47000 BANKNIFTY has closed on a slight bullish note with 0.22% gain today. It was total consolidation day, index traded between 47900 and 47600 for the whole day. Nothing triggered as per trade setup today. It has regained 50 EMA in daily TF. In the weekend we discussed in detail about the possibility of halt or reversal of the downmove due to the confluence of the 50 EMA and an inverted hammer on it in daily TF. 48000 will be an important short covering level. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 47950 then we will long for the target of 48510. For selling we need a 15 Min candle close below 47600. T- 47000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto