Banknifty levels For whole week given in chart As Long as price sustains below 33900 we are bearish and in a range market .. If at all price breaks above 33900 and sustains for 1hr One can consider we have a breakout .... it is not going to be a easy ride more like a choppy or a slow momentum uptrend if at all we see a breakout
NSE:BANKNIFTY Trade Setup for 04-07-2022 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...
Nifty on higher time frame has shown a negativity and the markets are showing some bearish trend. This is the third monthly red candle. Though the markets are taking support at its 20 ema. Markets are still choppy and no clear trend is still there. On weekly analysis, there is a formation on lower lows and lower highs. The market has tested its 0.382 fib level...
BANKNIFTY Intraday Trade Setup For 4 Jul 2022 Buy-Above 33670 Sl-33570 T-33870 34020 34150 Sell-Below 33300 Sl-33400 T-33100 32900 BANKNIFTY has closed in a positive sentiment on Friday. Closing was at day high. This bullishness will continue above 33670. Whereas in weekly candle, close is almost flat. A bullish price action will be established above 34150...
Buy at support and sell at resistance and repeat the process again and again. Let nifty create the range than play buy sell. Both sides momentum.
BANKNIFTY Intraday Trade Setup For 1 Jul 2022 Buy-Above 33570 Sl-33470 T-33750 33860 34000 Sell-Below 33330 Sl-33430 T-33180 33050 32900 BANKNIFTY has closed in a positive sentiment with 0.5% gain today. Last day we planned to buy above 33425. Index hit our targets and gave more than 200 points gain. Then a sideways momentum was seen. Once again a range of 200...
Nifty has taken a nice support from its monthly 20 ema. Nifty has fallen around 5% this month. Nifty has formed a confusion candle on daily analysis. The market closed below its hourly 20 ema. And the trend is still not defined On a smaller time frame the market closed below its 20 and 200 ema. Support:- 15690, 15625 Resistance:- 15850, 15780, 15920 Wait for...
We are witnessed M pattern formation in Nifty 15 min chart. As per data nifty is likely to open Gap-down. High probability to fill the UNfilled gap which is @15577. Keep learning & sharing to improve other's knowledge :-) Team OK.
Nifty is forming in a descending parallel channel. Prices are building corrective pullbacks to manage demand pressure and fall from resistance since the start of the correction. Nifty has created a lower low at 15183 and given an upward move of 15927 . Nifty has faced supply pressure on the upper band three times. It indicates that bulls are not exceeding...
BANKNIFTY Intraday Trade Setup 30 Jun 2022 Buy-Above 33425 Sl-33325 T-33530 33680 33820 Sell-Below 33185 Sl-33300 T- 33040 32900 32800 BANKNIFTY has formed a doji candle in daily TF which is a sign of pause. The next momentum will come above and below today's high and low respectively. It just consolidated in a range in today's trading session. Coming to...
Understanding trends through supports and resistances.
NSE:BANKNIFTY Observations: 1) On 15min time frame, we can see that it has been staying in range during the intraday trading since last two trading session. For simple trading on expiry keep high and low of today and keep it simple to buy above today's high and sell below today's low Please refer below chart : 15min time frame. ...
Nifty after an initial gap down tried to rally and took resistance from its 20EMA. The market closed around its hourly 20 ema and the support level of 15780. Nifty remained in an up trend and crossed the resistance levels. In the final hour of the trading session the market pulled back around 70-80 points. On a smaller time frame the market is stuck between its...
Understanding trends through support and resistances.
Trade Setup for 29-06-2022 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...
BANKNIFTY Intraday Trade Setup For 29 Jun 2022 Buy-Above 33750 Sl-33650 T-33890 34000 Sell-Below 33500 Sl-33600 T-33290 33110 BANKNIFTY has closed with 0.5% cut today. It has formed and range and traded within. Next move will come above and below today's high and low respectively. Last day we planned to sell below 33735. Gave a a good down move of more than 200...
Nifty on a daily time frame took resistance from its 20EMA and close just below the level. The market took support from its hourly 20 ema and travelled to cover the gap. Nifty remained in an up trend and crossed the resistance levels and closed above them. Support:- 15850,15780, 15690 Resistance:- 15920, 16020 Wait for the price action near the levels before...
BANKNIFTY Intraday Trade Setup For 28 Jun 2022 Buy-Above 33980 Sl-33880 T-34125 34350 Sell-Below 33735 Sl-33835 T-33600 33450 BANKNIFTY opened with a a big gap up today. It opened near our buy target and PRZ- 34155. As usual we witnessed fall from PRZ (approximately 250 points). 10 o'clock range broke downside and gave a messy 100 points move. Coming to...