Niftybank moments for option trading 19/nov/2024Niftybank moments for option trading 19/nov/2024
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BANKNIFTY Intraday Trade Setup 27 Sep 2024BANKNIFTY Intraday Trade Setup 27 Sep 2024
Bullish-Above 54500
Invalid-Below 54390
T- 54925
Bearish-Below 54000
Invalid-Above 54110
T- 53500
BANKNIFTY has closed on a positive note with 0.51% gain today. We will follow buy on dips approach till index is closing above PDL. If a daily candle closes below PDL then chances of bulls giving up will be high. Bearish sentiment likely to kick in when index will close below PDL in daily TF. 54500 and 54000 will be tomorrow's range.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 54500 then we will long for the target of 54925.
For selling we need a 15 min candle close below 54000. T- 53500.
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.
BANKNIFTY Intraday Trade Setup For 2 Sep 2024BANKNIFTY Intraday Trade Setup For 2 Sep 2024
Bullish-Above 51470
Invalid-Below 51360
T- 51850
Bearish-Below 51250
Invalid-Above 51360
T- 50770
BANKNIFTY has closed on a slight bullish note with 0.82% gain today. After breakout of 50800 on 22 Aug , it was discussed that index is approaching 52k in the coming days. We have reached 51466 and rest can be gained this week. Overall index is volatile and sideways. Directional move with momentum is still void. 51470 and 51250 are intra levels for tomorrow.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 51470 then we will long for the target of 51850.
For selling we need a 15 Min candle close below 51250. T- 50770.
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.
BANKNIFTY Intraday Trade Setup For 29 Aug 2024BANKNIFTY Intraday Trade Setup For 29 Aug 2024
Bullish-Above 51410
Invalid-Below 51300
T- 51960
Bearish-Below 50920
Invalid-Above 51030
T- 50390
BANKNIFTY has closed on a slight bearish note with 0.26% cut today. Nothing triggered as per trade setup and made an inside candle in daily TF. Inside candle is a sign of contraction and after this it is likely to give directional move. Key levels will be 51410 and 50920, high and low of the mother candle. Most likely it is going to trigger downside. In between keep non-directional approach.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 51410 then we will long for the target of 51960.
For selling we need a 15 Min candle close below 50930. T- 50390.
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.
BANKNIFTY Intraday Trade Setup For 28 Aug 2024BANKNIFTY Intraday Trade Setup For 28 Aug 2024
Bullish-Above 51410
Invalid-Below 51300
T- 51950+
Bearish-Below 50930
Invalid-Above 51040
T- 50390
BANKNIFTY has closed on a slight bullish note with 0.26% gain today. It has formed a Pinbar candle in daily TF. In the weekend we discussed that index looks sideways to bullish as it gave range breakout above 50800 last week. Since its a Pinbar candle in daily TF we can expect some bullish move above today's high tomorrow. For selling we need a key level and that seems to be 50930.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 51410 then we will long for the target of 51950+.
For selling we need a 15 Min candle close below 50930. T- 50390.
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.
BANKNIFTY Intraday Trade Setup For 26 Aug 2024BANKNIFTY Intraday Trade Setup For 26 Aug 2024
Bullish-Above 51120
Invalid-Below 51010
T- 51640
Bearish-Below 50850
Invalid-Above 50960
T- 50250
BANKNIFTY has closed on a mild positive note with less than 1% gain last week. Last 2 sessions were completely sideways inside 300 points range. 51120 and 50850 are key levels to watch out for breakout. Last week it gave a breakout of daily range breakout of 50700 and 49700 in the higher side. Consolidation after breakout done, now above 51120 index should start a rally of 1000 points. Below 50850 index may dive in intraday.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 51120 then we will long for the target of 51640.
For selling we need a 15 Min candle close below 50850. T- 50260.
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.
BANKNIFTY Intraday Trade Setup For 23 Aug 2024BANKNIFTY Intraday Trade Setup For 23 Aug 2024
Bullish-Above 51090
Invalid-Below 50980
T- 51610
Bearish-Below 50780
Invalid-Above 50890
T- 50300
BANKNIFTY has closed on a bullish note with 0.59% gain today. Buy triggered as per yesterday's trade setup above 50810 and made a high of 51080 near previous swing high. Finally index has made a range shift in daily TF, range was 50800 and 49700. Index is approaching 52k zone in the coming days. 51090 and 50790 are intra levels for tomorrow.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 51090 then we will long for the target of 51610.
For selling we need a 15 Min candle close below 50780. T- 50290.
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.
BANKNIFTYbanknifty showing strength on 15 min chart keep an eye on trendline breakout if break will see a short covering move
NOTE: only for educational purpose
RULE: 1: always trade with stoploss
2: decide your risk per trade and per day
3: believe to your analysis
4: stay positive and keep patience
technical analysis + money management+ physicalogy = successful trader
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BANKNIFTY Intraday Trade Setup For 5 Aug 2024BANKNIFTY Intraday Trade Setup For 5 Aug 2024
Bullish-Above 51610
Invalid-Below 51500
T- 52137
Bearish-Below 51080
Invalid-Below 51190
T- 50550
BANKNIFTY has closed on a slight bearish note last week, ended near week low and formed a shooting star candle. It is near 50 EMA in daily TF breakdown will turn overall trend to bearish. However key level for sharp bearish momentum will be 50400 which is last daily swing low. 49k will be 1st target in the downside. 51610 is a crucial bullish reversal level which is held by the plotted trendline. In case 51200 is sustained bears may start gripping.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 51610 then we will long for the target of 52137.
For selling we need a 15 Min candle close below 51080. T- 50550.
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.
BANKNIFTY Intraday Trade Setup For 31 Jul 2024BANKNIFTY Intraday Trade Setup For 31 Jul 2024
Bullish-Above 52000
Invalid-Below 51890
T- 52511
Bearish-Below 51130
Invalid-Above 51240
T- 50380
BANKNIFTY has closed almost on a flat note with slight gain of 0.18% today. Yesterday a pullback scenario was discussed for a short position as said we are going into sell on rise mode. Sell triggered as per trade setup @ 51900-50 and fell till 51400 which was our target. It has formed an inside candle in daily TF which is a potential compression in coming sessions. 52k and 51130 are intraday levels for tomorrow.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 52k then we will long for the target of 52511.
For selling we need a 15 Min candle close below 51130. T- 50380.
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.
BANKNIFTY Intraday Trade Setup For 30 Jul 2024BANKNIFTY Intraday Trade Setup For 30 Jul 2024
Sell_1- From 51905
Invalid-Above 52015
T- 51400
Sell_2-Below 51130
Invalid-Above 51240
T- 50380
BANKNIFTY has closed with a slight gain of 0.22% today. Closing sentiment is bearish as it closed near day low and formed a shooting star candle in daily TF. Sell off was brutal as in just 15-20 Min it was tanked 1100 points. So tomorrow we will maintain a bearish stance or sell on rise approach overall. 51900-51950 can be an intra resistance. Below 51130 index can slip 51600 zone.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 51130 then we will short for the target of 50380.
2nd sell positioned can be done from 51900-50 zone. 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.
BANKNIFTY Intraday Trade Setup For 29 Jul 2024BANKNIFTY Intraday Trade Setup For 29 Jul 2024
Bullish-Above 51400
Invalid-Below 51290
T- 51950
Buy-From 50845
Invalid-Below 50735
T- 51300
BANKNIFTY has closed on a slight bearish note with 1.86% cut last week. On Friday there was buying from opening itself, it was Open=Low day. It has taken support from 50 EMA in daily TF. Now above 51400 this bounce can be extended at least towards 52K zone. Below 50350 in daily TF it will be bearish in short term. Best trade will be in bullish side tomorrow if we get a slight pullback before breakout of 51400. 50845 can be intra support.
Coming to Monday's trade setup, if index opens opens flat and a 15 Min candle closes above 51400 then we will long for the target of 51950-52k
2nd buying can be done from 50845. T- 51300.
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.
BANKNIFTY Intraday Trade Setup For 23 Jul 2024BANKNIFTY Intraday Trade Setup For 23 Jul 2024
Bullish-Above 52450
Invalid-Below 52340
T- 53605
Bearish-Below 51850
Invalid-Above 51960
T- 50980
BANKNIFTY has closed on an absolute flat note today. It opened with a slight gap down and then regained yesterday's closing, after that it was total sideways from 9:45 till 3:30. Also we discussed in the weekend that index has been trading between 52800 and 52100 on closing basis. Since it tested these levels so we can refine levels for tomorrow's budget session. 51700 and 52800 are key levels for a big move. Intra levels are 52450 and 51850.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 52450 then we will long for the target of 53605.
For selling we need a 15 Min candle close below 51850. T- 50980.
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.
BANKNIFTY Intraday Trade Setup For 22 Jul 2024BANKNIFTY Intraday Trade Setup For 22 Jul 2024
Bullish- Above 52820
Invalid-Below 52710
T- 53357
Bearish-Below 52130
Invalid-Above 52240
T- 51549
BANKNIFTY has closed on a flat note with bearish sentiment as it has formed a shooting star candle in weekly TF. Last week we picked the range of 52800 and 52100, whole week the range was intact. Also I discussed that we will maintain a non- directional approach. This simple outlook worked very well and paid us. After a week of sideways momentum, we can expect a breakout in the coming week. We will trade on breakout of 52800 and 52100 next week. This range is also valid in daily TF, closing basis will give us more confirmation for short term apart from Intraday.
Coming to Monday's trade setup, if index opens flat and a 15 MIN candle closes above 52820 then we will long for the target of 53357.
For selling we need a 15 MIN candle close below 52130. T- 51549.
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.
BANKNIFTY Intraday Trade Setup For 16 Jul 2024BANKNIFTY Intraday Trade Setup For 16 Jul 2024
Bullish-Above 52820
Invalid-Below 52710
T- 53315
Bearish-Below 52130
Invalid-Above 52240
T- 51600
BANKNIFTY has closed with a slight gain of 0.34% gain today. It has formed a neutral candle in daily TF also nothing triggered as per trade setup. It was said in weekend that weekly range is 52800 and 51700, we need to maintain non-directional approach till index is inside this range. For tomorrow, a zone a has been formed. 52820 and 52130 are levels to watch out.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 52820 then we will long for the target of 53315.
For selling we need a 15 Min candle close below 52130. T- 51600.
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.
BANKNIFTY Intraday Trade Setup For 15 Jul 2024BANKNIFTY Intraday Trade Setup For 15 Jul 2024
Bullish-Above 52820
Invalid-Below 52710
T- 53370
Bearish-Below 52130
Invalid-Above 52240
T- 51600
BANKNIFTY has closed with a slight cut of 0.72% last week. Last two candles in weekly and daily TF are just opposite. While I will give more importance to weekly TF. Although it closed with minor cut but weekly candle is a Pinbar. 52800 is a major level from which bulls may take strong grip again. Also below its low 51700 there can be a aggressive selling with double force momentum. In between one need to maintain non-directional approach.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 52820 then we will long for the target of 53370.
For selling we need a 15 Min candle close below 52130. T- 51600.
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.
BANKNIFTY Intraday Trade Setup For 12 Jul 2024BANKNIFTY Intraday Trade Setup For 12 Jul 2024
Bullish-Above 52410
Invalid-Below 52300
T- 52955
Bearish-Below 51740
Invalid-Above 51850
T- 51138
BANKNIFTY has closed on a slight bullish note with 0.16% gain today. It has formed a Pinbar candle in daily TF, which indicates that bulls took liquidity, it can be confirmed if today's high is sustained. Also in 15 MIN TF a falling channel can be seen which is also on verge of breakout. 52410 will be level to trade on breakout. 51740 is a major intra support, breakdown can trigger a good fall towards 51k zone.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 52410 then we will long for the target of 52955.
For selling we need a 15 Min candle close below 51740. T- 51138.
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.