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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
BANKNIFTY Intraday Trade Setup For 14 May 2024BANKNIFTY Intraday Trade Setup For 14 May 2024 Bullish-Above 47850 Invalid-Below 47740 T- 48480 Bearish-Below 47200 Invalid-Above 47310 T- 46650 BANKNIFTY has closed on a bullish note with 0.74% gain today. Index respected the lower trendline support of the channel pattern it is following. In the weekend also we discussed that there is a possibility of halt or reversal due the confluence of the 50 EMA and an inverted hammer over that. Possibility of gap up looks high tomorrow. Incase it opens directly near 48500 ,it can be sold into. Best trade will be in long side above 47850. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 47850 then we will long for the target of 48480. For selling we need a 15 Min candle close below 47200. T- 46650. 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
Fundamental Picks - Stock PE < 20 (NIFTY BANK)📊 Script: BANKBARODA ⏱️ C.M.P 📑- 254 🎯 PE 🏆 - 6.98 📊 Script: FEDERALBNK ⏱️ C.M.P 📑- 159 🎯 PE 🏆 - 9.33 📊 Script: BANDHANBNK ⏱️ C.M.P 📑- 187 🎯 PE 🏆 - 10.12 📊 Script: SBIN ⏱️ C.M.P 📑- 817 🎯 PE 🏆 - 11.43 📊 Script: INDUSINDBK ⏱️ C.M.P 📑- 1410 🎯 PE 🏆 - 12.66 📊 Script: HDFCBANK ⏱️ C.M.P 📑- 1437 🎯 PE 🏆 - 16.07 📊 Script: IDFCFIRSTB ⏱️ C.M.P 📑- 76 🎯 PE 🏆 - 17.13 📊 Script: PNB ⏱️ C.M.P 📑- 123 🎯 PE 🏆 - 17.89 📊 Script: ICICIBANK ⏱️ C.M.P 📑- 1117 🎯 PE 🏆 - 18.44 📊 Script: KOTAKBANK ⏱️ C.M.P 📑- 1627 🎯 PE 🏆 - 18.49 Formula to calculate PE = MVP/EPS MVP - Market Value Per Share (Stock Price) EPS - Earning Per Share Industry(NIFTYBANK) PE - 15.7 Always Compare Stock PE with Industry PE for Better Understanding. LOWER THE PE MORE ATTRACTIVE THE COMPANY. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:BANKBARODALong
by radha_23
BANKNIFTY Intraday Trade Setup For 13 May 2024BANKNIFTY Intraday Trade Setup For 13 May 2024 Bullish-Above 47800 Invalid-Below 47690 T- 48400 Bearish-Below 47300 Invalid-Above 47410 T- 46737 46090 BANKNIFTY has closed on a bold bearish note with 3% cut last week. In the last weekend we discussed that despite it closed with 1.5% gain there is a selling pressure from higher levels. Index is overall sell on rise till it regains previous weekly high. In daily TF index has reached 50 EMA zone and formed an inverted hammer which indicates a potential halt or reversal. To reverse it has to make a bullish price structure in hourly and daily TF. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 47800 then we will long for the target of 48400. For selling we need a 15 Min candle close below 47300. T- 46737 and 46090. 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 Prediction Levels for 10 May 2024The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone. These levels act as support and resistance. You have to trade according to level breakout or breakdown. To buy or sell you can follow Buy/Sell Indication given by indicator or you can follow cloud also. If you are a new trader then just watch (No Trade) these levels for some days. Happy trading. Disclaimer: I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult with your Financial Advisor before taking any decision or trade.
NSE:BANKNIFTY
by suraranjanganguli
BANKNIFTY Intraday Trade Setup For 9 May 2024BANKNIFTY Intraday Trade Setup For 9 May 2024 Bullish-Above 48250 Invalid-Below 48140 T- 48750 Bearish-Below 47850 Invalid-Above 47960 T- 47200 BANKNIFTY has closed on a bearish note once again with 0.55% cut today. It opened below our sell level and respected the same however overall it was sideways with injections. It has formed a spinning top candle in daily TF above its high there can pause if not reversal of the downmove. Bears will try to grip below 47950 but will short below confirmation level- 47850. We will ride the short with trailing sl in 5 MIN TF. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 48250 then we will long for the target of 48750. For selling we need a 15 Min candle close below 47850. T- 47200. 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
1
BANKNIFTY Intraday Trade Setup For 8 May 2024BANKNIFTY Intraday Trade Setup For 8 May 2024 Sell_1- From 48750 Invalid-Above 48860 T- 48445 Sell_2- Below 48200 Invalid-Above 48310 T- 47630 47200 BANKNIFTY has closed on a bearish note with 1.25% cut today. Sell triggered as per trade setup below 48650 and almost hit 1st target 48200. BANKNIFTY seems to be falling in a parallel channel. Breakout will bring bulls back. Breakout of this channel and then above previous hourly/15 Min high will be confirmation breakout. Tomorrow if index opens flat then bets trade will be in sell side below 48200. There is a chance of gap up so 48750 will be a confluence level. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 48200 then we will short for the target of 47630 and 47200. 2nd short can be considered from 48750. To 48445. 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 7 May 2024BANKNIFTY Intraday Trade Setup For 7 May 2024 Bullish-Above 49260 Invalid-Below 49150 T- 49735 Bearish-Below 48650 Invalid-Above 48760 T- 48145 47650 BANKNIFTY has closed on a flat note today. In the weekend half bat was plotted near 49200 and it gave a pullback till PRZ via gap up and respected that. It traded between yesterday's range and formed an inside candle. Below 48650 high possibility of a good slide in intraday is high. The plotted trendline will be an alert for us for a bullish trigger on breakout. However 49260 will be plan of action level, confirmation. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 49260 then we will long for the target of 49735. For selling we need a 15 Min candle close below 48650. T- 48145 and 47650. 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 6 May 2024BANKNIFTY Intraday Trade Setup For 6 May 2024 Bullish-Above 49200 Invalid-Below 49090 T- 49725 Bearish-Below 48650 Invalid-Above 48760 T- 48100 47550 BANKNIFTY has closed with 1.5% gain last week, however both side moves were seen. Index has taken stiff resistance from psychological level 50k and corrected till previous hourly level 48700. Now possibility is high of a bounce from this CIP level. In that case 49200 will be confirmation. In rare case of a gap down opening I will personally wait for 10 o'clock range breakout in the upside. In case of opening above 48700 best trade will be in short side below 48650. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48200 then we will long for the target of 49725 and 50250. For selling we need a 15 Min candle close below 48650. T- 48100 and 47550. 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 2024BANKNIFTY Intraday Trade Setup For 3 May 2024 bullish- Above 49550 Invalid-Below 49440 T- 50075 50685 Bearish-Below 49100 Invalid-Above 49210 T- 48550 48050 BANKNIFTY has closed with a slight cut of 0.34% today. It did not give the pullback move expected as our main criteria was that Tuesday's low should have been safe as discussed on Tuesday EOD. As index gave a breakout of ATH few days back so bulls may try to close at ATH levels, so 49550 will play an important swing to initiate a bullish move. Below 49110 index will dive towards plotted 0.618 half bat. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 49550 then we will long for the target of 50075 and 50685. For selling we need a 15 Min candle close below 49100. T- 48550 and 48050. 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
1
BANKNIFTY Intraday Trade Setup For 1 May 2024BANKNIFTY Intraday Trade Setup For 1 May 2024 Sell_1- From 49700 Invalid-Above 49810 T- 49390 Sell_2- Below 49240 Invalid-Above 49350 T- 48650 BANKNIFTY has closed on a bearish note as day ended near day low. It has formed a shooting star just after the breakout so may not be of that use also day was closed flat closing basis. High chance of a bounce towards 49700 if today's low will be untouched tomorrow, same can act as intraday resistance. Below 22240 post bounce atleast 0.382 from 49975 we will short. Index may find a strong support near 48600-50 zone. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 49240 then we will short for the target of 48650. 2nd short will be planned from 49700 in case of a gap up. T- 49390 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
Bank Nifty Update ( Long Term View)Hello Everyone Its been long since my last update, as in current chart i am only going to talk about long term view. I have been talking about up cycles since 23rd january 2023, you can see this in my below chart. Bank Nifty update on 23/01/2024 What now i expect market should move upward making blue degree which is called medium degree(m1 series). By combining this m series, our one long term degree wave-((3)) will completed. Thank You
NSE:BANKNIFTYLong
by Neowave-forecast
1
BANKNIFTY Intraday Trade Setup For 30 Apr 2024BANKNIFTY Intraday Trade Setup For 30 Apr 2024 Bullish-Above 49500 Invalid-Below 49390 T- 50085 Bearish-Below 48940 Invalid-Above 49050 T- 48480 BANKNIFTY has closed on a bold bullish note after a long time with 2.54% gain today. Buy triggered as per trade setup above 48510 and index just sky rocketed till 49470. In the weekend we discussed that 48700 and 47700 are hourly levels. Breakout of this range in the upside gave a fantastic move. Tomorrow if index opens flat and gives a small pullback towards 49230 and then crosses 49500 then we will buy. 48950 will act as a strong support, post bounce below 48940 we will plan to short. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 49500 then we will long for the target of 50085. For selling we need a 15 Min candle close below 48940. T- 48480. 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 Apr 2024BANKNIFTY Intraday Trade Setup For 29 Apr 2024 Bullish-Above 48510 Invalid-Below 48400 T- 49070 Bearish-Below 48070 Invalid-Above 48180 T- 47550 BANKNIFTY has closed on a neutral note last week, formed a spinning top candle in weekly TF. Index is just following the rising parallel channel since Feb. Last swing low in hourly TF is 47737, below 47700 there can be a good selling. In the higher side 48680 is the high made so above 48700 fresh ATH move will be triggered. Between this one needs to have non-directional approach. 48510 and 48070 are intraday levels for Monday. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 48510 then we will long for the target of 49070. For selling we need a 15 Min candle close below 48070. T- 47550. 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 26 Apr 2024BANKNIFTY Intraday Trade Setup For 26 Apr 2024 Bullish-Above 48650 Invalid-Below 48540 T- 48250 Bearish-Below 48050 Invalid-Above 48160 T- 47550 BANKNIFTY has closed on a bullish note with 0.63% gain today. It opened with a big gap down of 400 points and then recovered immediately and ended closing near day high. Seeing today's daily candle if index flat tomorrow and then above 48650 we will get a clear move towards 49250 which may act as resistance. 48070 will act as an intraday support. Below 48050 bears will take charge. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 48650 then we will long for the target of 49250. For selling we need a 15 Min candle close below 48050. T- 47550. 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 23 Apr 2024BANKNIFTY Intraday Trade Setup For 23 Apr 2024 Bullish-Above 48150 Invalid-Below 48040 T- 48665 Bearish-Below 47600 Invalid-Above 47710 T- 47090 BANKNIFTY has closed on a bullish note with 0.74% gain today. It opened with a big gap up and 10 o'clock range was to be used as per setup but index kept itself inside the range. 0.618 was respected so now we have got market structure levels as 48150 and 47600. Breakout of this range will give us the next directional move. Best scenario will be on flat opening. Above 48150 it will fill the gap created on 15 Apr. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 48150 then we will long for the target of 48665. For selling we need a 15 Min candle close below 47600. T- 47090. 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 Zone 4th Week April 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
The Nifty Bank index can slide to 47,000 - 46,200 levelsThe Nifty Bank Index, currently trading at 47,773.25, is exhibiting a near-term downtrend on the charts. Support levels are anticipated around 47,000 and 46,200, suggesting potential areas where selling pressure could subside temporarily. Given this scenario, the recommended trading strategy would be to sell on rallies. The indication of a negative trend is further supported by the MACD indicator, which is trending downwards. This adds credence to the bearish outlook for the near term, signaling that downward momentum may persist. Traders should closely monitor price movements and consider initiating short positions or selling opportunities as the index rallies. However, it's essential to exercise caution and implement risk management strategies, such as setting stop-loss orders, to mitigate potential losses in case of unexpected market movements. The prevailing trend and technical indicators, traders can position themselves advantageously to capitalize on potential downward movements in the Nifty Bank Index while managing risk effectively.
NSE:BANKNIFTY1!
by chetnaparmar833