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BANKNIFTY Intraday Trade Setup For 01 Mar 2022BANKNIFTY Intraday Trade Setup For 01 Mar 2022 Buy-Above 36280 Sl-38180 T-36400 36560 Sell-Below 35890 Sl-35990 T-35690 35600 BANKNIFTY opened with a big gap down today. Then it made W pattern and took U turn and a V shape recovery was seen. Then after 12 noon huge volatility was created. We will be using the nd half trading session range to build our trade for 1 March. Above 36300 we will buy for the target of 36560-36600. There is the gap area that is the area to book some profit and hold rest for final target of 36560-36600. For selling if a candle closes below 36000 then below 35900 we will plan our sell trade for the target of 35700. Below 35600 we will get a good move and the gap area can be our target. If we get a big gap up/down opening then we will for the 1st 15 min candle and trade on the high and low of that candle. Intraday Trade setups will be used in case of a big gap up/down.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANK NIFTY | 28-02-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame, in last day session on Friday, it face resistance from 200DMA range. 200DMA is placed at 36652 level range. Safe buy only if it sustain above 36652 level range. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 28-02-2022 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
Simple Trade Setup | BANKNIFTY | 24-02-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame, it closed just above 100EMA. 100DMA is placed at 37355 level. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 24-02-2022 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 For 24 Feb 2022BANKNIFTY Intraday Trade Setup For 24 Feb 2022 Buy-Above 37800 Sl-37700 T-37900 38000 Sell-Below 37290 Sl-37390 T-37160 37000 BANKNIFTY has closed almost flat today. We discussed that it is likely to be sideways. We planned to buy above 37670, we just got 100 points then price structure changed and become sideways. Today it made a descending triangle and breakdown happed at last 30 Min. Coming to tomorrow's expiry day trade setup, we will sell below today's low 37290 for the target of 37150-37160. We have to plan small targets as index is sideways in all the TF. If we opens gap down and makes a bullish candle in the 1st 5 min then above that candle high we will buy, same candle low will be sl. For buying we do not have a good setup. Best buying will be only above today's high i.e 37800. Till then no aggressive buying. However we can plan a small buy trade above 37700 if a 15 Min candle closes above that. 37150-37160 can act as a support if we find a bullish candle then we can plan a buy trade above that candle high. Directional move will come only above 38000 and below 36800.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 23 Feb 2022BANKNIFTY Intraday Trade Setup For 23 Feb 2022 Buy-Above 37670 Sl-37570 T-37915 38000 Sell-Below 37000 Sl-37100 T-36850 36650 BANKNIFTY opened with a very big gap down today. Bulls showed their presence at support level and moved it higher. We planned to trade the 10 o'clock range if opens with big gap up/down. Gave a good momentum in upside. Coming to tomorrow's trade setup, we will buy above today's high - 37660 for the target of 37900 and 38000.Market does not seems to be positioned for a big move either side. So Trade for small targets and close that in intraday. As trend is missing in all TF. For selling If a 15 Min candle closes below 37070 then below 37000 we will plan for sell. But looking at current scenario it seems that buyers can defend 37000 level. Best move will come after we see a range near 37000 and that range is broken downside. Trendy move will come after above 38100 and below 36800. Till then do not try to hold any position.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 22 Feb 2022BANKNIFTY Intraday Trade Setup For 22 Feb 2022 Buy-Above 37815 Sl-3700 T-38000 38330 38500 Sell-Below 37590 Sl-37690 T-37330 37200 37000 We discussed to sell BANKNIFTY below 37490. Index gave more than 300 points fall after our sell levels was triggered. It gave profit in the 1st 15 Min only. Then Our PRZ in NIFTY - 17080 was triggered that time BANKNIFTY was trading near 37200. As soon as it formed a doji candle and high was taken out. It shot up till 38000. Both moves gave good profit. Then after 1 o'clock double top was formed and it fell till 37600 level after breaking the neckline. Market looks bullish as of now. It tried to hold itself in today's trading session. So, if Index opens flat and a 15 Min candle closes above 37780. Then above 37815 we will buy fir the target of 38000 and 38300. No aggressive selling till 37200. Below 37200 we will see a good directional move. however we we do a quick scalp trade in sell side below 37590 for the target of 37500. Below 37500 we can see a downside move till 37300. Best trade will be in buy side. In case of a big gap up or gap down, wait till 10 o'clock and trade that range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANKNIFTY | 21-02-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame, it faces resistance from 100DMA range. 100DMA is placed at 37765.95 level. Also, it has been giving closing in the resistance channel since last few days. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 21-02-2022 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 For 21 Feb 2022BANKNIFTY Intraday Trade Setup For 21 Feb 2022 Buy-Above 37680 Sl-37580 T-37800 37900 38000 Sell-Below 37300 Sl-37400 T-37000 BANKNIFTY has closed almost flat on Friday. Also a range has been created since last 2 trading session. 38000 is the level above which a good directional move will come. And 37300 is the level below which index will give a good downside move. However we can do a scalp trade in buy side above 37680 for the target of 37800. Above 37800 we can get a move till 37900. Buying will be messy till index sustains above 38000. For selling 37300 is the level below which we will get a downside momentum till 37000. However one aggressive sell trade can be done below 37490 also. In that flow if index breaches 37300 then will hold the short position till 37000. 37000 will act as a support consider booking profits there. One reversal trade can be planned from here also for the target of 37300. In case of a big gap up or gap down we have to wait till 10 o' clock and trade that range. Also the first 15 min candle will be very important in this case.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 18 Feb 2022BANKNIFTY Intraday Trade Setup For 18 Feb 2022 Buy-Above 37930 Sl-37830 T-38130 38350 Sell-Below 37400 Sl-37500 T-37230 37000 BANKNIFTY as discussed yesterday that we will sell below 37800. It gave a 300 point move in the downside. Then Index turned total sideways. Once again it has made range in intraday. Range is 37500 in the downside and 38000 in the upper side. Tomorrow's trade setup is simple, once again we will sell below today's low i.e 37400 for the target of 37230 and 37025. 37000 will act as support so book profits there. Buying can be avoided as of now. For buying we need a 15 candle close above 37870. Then if 37930 is crossed we will buy for the target of 38150 and 38350. Incase of a big down if first 15 candle has a lower price rejection or makes a bullish hammer then we will buy above that candle high. Best trade will be with flat opening.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 17 Feb 2022BANKNIFTY Intraday Trade Setup For 17 Feb 2022 Buy-Above 38200 Sl-38300 T-38400 38600 38900 Sell-Below 37750 Sl-37850 T-37575 37300 BANKNIFTY has traded in a broader range today. Today's trading range was almost 700 points. Also it has made a complete range between 38460 and 37760. Today's high and low will be the main trigger for any directional move either side. Since it has closed near the lower range. So if a 15 Min candle closes below 37830 and 37750 is crossed then we will sell for the target of 37575 and 37300. 37575 can give a bounce so book profits there or trail to the last swing to ride it if it fall till 37300. For buying a aggressive scalp trade can be done above 38200 only. However direction move will come above 38500 only. We will buy above 38200 for the target of 38400. And if 38500 is sustained then we will ride that move till 38600 and 38925. In case of a big gap up or gap down we will wait till 10 o'clock and trade that range breakout or breakdown.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 16 Feb 2022BANKNIFTY Intraday Trade Setup For 16 Feb 2022 Buy-Above 38250 Sl-38150 T-38500 38800 39000 Sell-Below 37900 Sl-38000 T-37600 37400 BANKNIFTY has formed a big bullish candle today. It was a short covering move of more than 1250 points. We planned to sell below 36800. It can more than 150 points profit. Then we found a double bottom after 11 o'clock. As soon as neckline broke our buy trade initiated and index gave a non-stop rally after that. It was a very good profitable day. Coming to tomorrow's trade setup , we will buy if index opens flat or below today's high and crosses above 38250. First target will be the gap area near 38500 level. Then if 38500 is sustained then again it can move to 38800 and 39000. For selling we need a range above 38000. And on breakdown of this range below 37900 we will sell for the target of 37600 and 37400.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANK NIFTY | 15-02-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame, it is coming near to 200DMA. 200DMA is placed at 36454 level range. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 15-02-2022 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 For 15 Feb 2022BANKNIFTY Intraday Trade Setup For 15 Feb 2022 Buy- None Sell-Below 36800 Sl-36900 T-36550 36375 36200 BANKNIFTY has formed a big bearish candle in daily TF. It fell more than 1600 points today. However half of the fall is contributed from gap down opening. No previous high was tested in 15 TF. It made a triangle till 2 o'clock. It fell from 37200 to till 36830 after the breakdown. It is sell on rise. No buying as of now. The best and ideal trade will be in short side. If index opens flat and crosses 38800. We will sell for the target of 36550 and 36400. Below 36300 index is likely to hit 35550 level in coming days. If index opens big gap down once again then we have o wait till 10 o'clock and trade that range breakout or breakdown. Same goes in case of a big bap up also. Ideal trade will be on sell side with flat opening.
NSE:BANKNIFTY
by Omahto
2
Simple Trade Setup | BANKNIFTY | 14-02-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 14-02-2022 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 For 14 Feb 2022BANKNIFTY Intraday Trade Setup For 14 Feb 2022 Buy-Above 38610 Sl-38500 T-38800 39000 Sell-Below 38390 Sl-38490 T-38200 38000 BANKNIFTY has closed in a negative note. It opened with a big gap down on Friday. It has just consolidated in a 390 points range. This range is very important for Monday's trade setup. Market structure will be bullish only above 39500 is closed in daily TF. BANKNIFTY has made a base near 38400.If index breaks this support then we will sell below 38390 for the target of 38000. Sell trade will be best if opens flat and crosses our sell level. This will be with momentum. 38000 is a psychological level. We will book profits near that range. For buying if index opens flat and a 15 Min candle closes above 38600 then we will buy for the target of 38770.This is a aggressive trade. Above 38800 we will get a fresh move till 39000 and 39100. Eat in pieces. Range is 38800 and 38400. Directional move will come on this range breakout or breakdown. Best trade will be in sell side if index opens flat. In case of a big gap up or gap down. We will wait till 10 o'clock and trade that range.
NSE:BANKNIFTY
by Omahto
15
Simple Trade Setup | BANKNIFTY | 11-02-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 11-02-2022 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 For 11 Feb 2022BANKNIFTY Intraday Trade Setup For 11 Feb 2022 Buy-Above 39200 Sl-39100 T-39340 39425 39580 Sell-Below 38900 Sl-39000 T-38770 38650 38500 BANKNIFTY given a very good move in the upside. We planned to buy 38650. Index gave more than 500 points move in the upper side. It was a bit volatile in the till 10 o'clock. That is why we planned to trade after 10 o'clock as there was RBI press conference. We already sensed this upmove after we found the hammer candle on 08 Feb in the daily TF. index has given 1000 points rally above 38200. It was a good expiry. Coming to tomorrow's trade setup, we will once again above 39200 for the target of 39400 and 39580. 39400 is the hourly resistance. Above this we can get a good move. We will sell below 38900 for the target of 38650. Below 38500 we will once again sell for the target of 38200. Best trade will be in buying side. Because above above 39400 structure will be bullish in daily, hourly and 15 min. In case of a big gap up [ or gap down, we will simply wait till 10 o'clock and then trade that range.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANKNIFTY | 10-02-2022[INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame, it again gave closing above resistance channel with good bullish candle. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 10-02-2022 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 For 10 Feb 2022BANKNIFTY Intraday Trade Setup For 10 Feb 2022 Buy-Above 38650 Sl-38550 T-38775 38900 39000 Sell-Below 38500 Sl-38600 T-38300 38200 38000 As we discussed yesterday that BANKNIFTY has made a hammer in daily TF. And above hammer's high , we will see upside momentum. We discussed to buy above 38225.Index gave more than 350 points profit in buy side. Index was sideways for a long period of time in intraday. Index has closed at higher levels. Above today's high we will simply buy for the target of 38800 and 39000. Ideal trade will be on flat opening , then if crosses today's high we will buy. But if index opens flat and consolidates between 38650 and 38550 and crosses 38500 in the lower side. Then we will sell for the target of 38300 and 38200. Momentum in the downside will be seen below 38350 only. But we are planning to sell below 38500, this is aggressive trade. And remember that it should make a small range then break 38500. Tomorrow is expiry do trade carefully. If Index opens with big gap up or gap down. Then we will wait till 10 o'clock then trade that range.
NSE:BANKNIFTY
by Omahto
2
Simple Trade Setup | BANKNIFTY | 09-02-2022 [INTRADAY]NSE:BANKNIFTY Trade setup and levels will be same as per previous one. Trade Setup for 09-02-2022 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