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Niftybankanalysis

Simple Trade Setup | BANKNIFTY | 08-02-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1 day time frame, we can see that it is trading above 100DMA. After giving breakout of the resistance channel it is back again inside the triangle pattern. Now below it has support channel and 100DMA as support. Breakdown of it can make is more bearish. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for 08-02-2022 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 08 Feb 2022BANKNIFTY Intraday Trade Setup For 08 Feb 2022 Buy-Above 38100 Sl-38000 T-38250 38450 Sell-Below 37800 Sl-37900 T-37500 37260 37000 BANKNIFTY has fallen 750 points from our sell level. It was too volatile in the 1st 30 Min. Swings were wild. After 10:30 we got breakdown of 38550. Also the 15 Min was also broken at the same time. It was good trending day. The fall came mainly from HDFC and BAJAJ twins. No pullback was seen and index fell non stop. It has made a doji candle in the hourly chart. So we can expect this fall to cool down here. It is valid till the low is safe. Below 37800 we will again see the same trendy move downside. Below 37800 we will sell for the target of 37500. And if we see a range at 37500 and if that range is once again broken in the lower side. Then we will once again sell below 37500 for the target of 37000. For buying we need a candle close above 38100. Target will be small as it is against the hourly trend. Quick profit booking is required in buying side. Index is sell on rise as of now. Trade all the breakdowns, bear flags and support breakdown. Best opportunity will be in sell side. Buying can be ignored. And shorting opportunity at higher levels can be done, if we see any trendline breakdown in intraday.
NSE:BANKNIFTY
by Omahto
5
Simple Trade Setup | BANKNIFTY | 07-02-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 07-02-2022 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 07 Feb 2022BANKNIFTY Intraday Trade Setup For 07 Feb 2022 Buy-Above 38910 Sl-38810 T-39200 39400 Sell-Below 38550 Sl-38650 T-38350 38200 BANKNIFTY gave very good profit in sell side on Friday. We planned only sell for Friday's trading session. As soon as index triggered our sell level 38850 it fell till 38570. It filled the gap created after budget day. Gap is filled and took support from the gap area. Chances of a upside move is there. But we trade above a certain price. So. wait for the trendline breakout in the 15 Min chart and then our buy level to trigger. Index has made a base near 38600. It can give a bounce from here. So, we will buy above 38900 for the target of 39200 and 39400. Buying has good space in upside. However 39000 may resist a bit. But above 39000, we will get a good move till our targets. Incase index breaks the base created in the 2nd trading session, we will plan for sell. Our sell level will be below 38550. However below 38700, we will be alert to build our short position. Index can move either side. No biased trade. We have our levels to go with. We have good room on both the sides. If you notice swings in the downside is clear.
NSE:BANKNIFTY
by Omahto
7
BANKNIFTY Intraday Trade Setup For 03 Feb 2022BANKNIFTY Intraday Trade Setup For 03 Feb 2022 Buy-Above 39400 Sl-39300 T-39560 39785 40000 Sell-Below 39100 Sl-39200 T-39000 38800 BANKNIFTY as discussed that it is ready to give a breakout above 38900. BANKNIFTY moved 38900 to 39380+. Option buying was a bit tricky. Option selling gave very good profit as VIX crashed after the event. We planned not to sell aggressively. Only thing was index opened with a big gap up that is why momentum was less. This bull sentiment will continue above today's high. So, we will buy above 39400 for the target of 39550 and 39800 and 40000. Also trail sl to today's low who have longed after the breakout. For selling we need price action below 39200. Selling can be avoided as of now. However tomorrow is weekly expiry so we can see 2 way moves. Today was trending.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 02 Feb 2022BANKNIFTY Intraday Trade Setup For 02 Feb 2022 Buy-Above 38620 Sl-38500 T-38900 39180 39530 Sell-Below 38200 Sl-38300 T-38000 37700 38600 BANKNIFTY showed 2 way move in budget session. Morning move was fantastic and gave 500+ points profit. Then a reversal candle shooting - star was formed and market took complete U-Turn below that candle. Second trading session was volatile. We booked our long position before 10:30 after the reversal candle was formed and low was tested. For second trading session we planned for range shift trade. The range was formed of 580 points. And as soon as the budget speech ended. Market broke the lower range and fell sharply till 37700. But bulls once again took charge and pushed market above 38500.Market seems bullish as of now. No aggressive selling. Also the hourly range can be breached. Hourly upper range is 38900 , this range is tested 3 times. Chances of a good trending move above this range. Safe traders can enter above 38900. But we are planning to enter above 38620 only after the trendline will be broken. For selling below 38200 will play an important role. Short below 38200 for the target of 38000. No aggressive selling. Market has positioned itself at a verge of breakout. Best trade is in buy side.
NSE:BANKNIFTY
by Omahto
2
Simple Trade Setup | BANKNIFTY | 01-02-2022 [INTRADAY]NSE:BANKNIFTY Due to space constrain, I am able to write levels only. Most of trade setup will remain same as per previous. Only difference will be that we might see more volatile and big moves. Better to trade with strict SL and be quick in booking profit. Due this budget event most of option premium are high, and once this event is over then we might see high premium decay on Wednesday for OTM options. Better to book profit on same day only. For observation, better to check previous day trade setup, which is given in related link at the last of this. Trade Setup for 01-02-2022 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
2
BANKNIFTY Intraday Trade Setup For 01 Feb 2022 (Budget 2022)BANKNIFTY Intraday Trade Setup For 01 Feb 2022 Buy-Above 38200 Sl-38100 T-38500 38800 39000+ Sell-Below 37800 Sl-37900 T-37600 37400 37000 BANKNIFTY has formed a complete inside candle in daily TF. Inside candle is created before a big move. The market is ready to move either side. The high and low of the mother candle will decide the move and direction. 38430 in the higher side and 37580 in the lower side. Directional move will come on breakout or breakdown of this range. Also safe trades can trade after 12 o' clock after a range is formed in intraday. This can be a trendy move. As of now market seems a bit bullish above 38000. Also keep an eye on trendline support. Below 37500 index is negative and index can touch 3700 36600 even below. Actual move will come above 38500 and below 37500. This is the range for budget day. Also keep a check on position size as volatility will be at its peak. Swings will be bigger. Moves will be mostly sentimental and less technical.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 31 Jan 2022BANKNIFTY Intraday Trade Setup For 31 Jan 2022 Buy-Above 38000 Sl-37900 T-38150 38300 Sell-Below 37580 Sl-37680 T-37300 37150 BANKNIFTY has given a downside move after consolidation on Friday's trading session. This sentiment will continue below Friday's low. So we will plan for sell if index opens flat and crosses the level for the target of 37150. But if index takes support from 37000 then we will plan for buy also. Then trendline resistance which is being followed with the Friday's fall will play an important role. For buying we need a 5 Min candle close above 37920. Target will be 38100-3850. Index can trade in range. Not expecting any trending move. Index may trade in zig-zag between 37150 to 38100. Prefer selling the range. Do not plan aggressive trades and keep position size low. Option Premiums are too high. They will be smashed both the sides seeing the premiums. Premiums tend to be high before any big event like budget.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANKNIFTY | 28-01-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1 hr time frame, it finally came decisively above the resistance channel. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for 28-01-2022 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 27 Jan 2022BANKNIFTY Intraday Trade Setup For 27 Jan 2022 Buy-Above 38000 Sl-37900 T-38150 38300 Sell-Below 37300 Sl-37400 T-37150 37000 BANKNIFTY has hit target of 36500 On Monday. On Tuesday's trading session it has formed a Bullish Engulfing candle in daily TF. As our buy level was triggered index gave a very good momentum upside. On Expiry day if index consolidates between 37900-37700 and breaks the range upside above 38000 that will be the best trade in buy side. Targets will be 38200 and 38300. For selling we need need a 5 Min candle close below 37300 target will be of 150 points. While below 36700 we will plan for bigger targets of 300-400 points. 37900 can act as a supply zone if we find a rejection or negative candle then we will short below that candle low for the target of 37500. The trading range is bigger so trade carefully with strict stop losses as intraday moves are bigger.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANKNIFTY | 27-01-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1 day time frame, it closed just above 100DMA. And also it made bullish engulfing candle. And it managed to close above 37700 level. Please refer below chart : 1day Time Frame. 2) On 15 min time frame, it closed above the resistance channel. And also it made rounding bottom pattern and closed just above the neckline of it. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for 27-01-2022 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 | 25-01-2022 [INTRADAY] NSE:BANKNIFTY Observations: 1) On 1 day time frame, we can see it closed below 100 EMA Please refer below chart : 1day Time Frame. 2) On 1 hr time frame we can see that it is now at the support channel. If it trades below this and gives breakdown then the fall may come. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for 25-01-2022 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 | 24-01-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 24-01-2022 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
2
BANKNIFTY Intraday Trade Setup For 24 Jan 2022BANKNIFTY Intraday Trade Setup For 24 Jan 2022 Buy-Above 37750 Sl-37650 T-38000 38200 Sell-Below 37200 Sl-37300 T-37000 36800 BANKNIFTY has fallen and traded below day low since last 4 trading session. On Friday we saw a rebound, short covering move. This move will continue above Friday's high. We will buy above above 37750 for the target of 38000 and 38200.The ideal trade would be on flat opening. A big gap up will create volatility and we have to wait till 10 o' clock. For selling the trigger is a bit far. No aggressive sell at this point. For selling daily candle is not so promising. Index can also give a pullback of the last week down move till 38200.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANKNIFTY | 21-01-2022 [INTRADAY]NSE:BANKNIFTY Most of levels and trade setup remains same. It is still facing resistance from that channel. Breakout of this channel can give good upmove. Trade Setup for 21-01-2022 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 Jan 2022BANKNIFTY Intraday Trade Setup For 21 Jan 2022 Buy-Above 38100 Sl-38000 T-38200 38300 Sell-Below 37590 Sl-37690 T-37350 BANKNIFTY continued its downside momentum today also. We planned to sell below 37780 index gave more than 180 points profit in sell side. However index showed weakness when 38000 was broke in the morning only. Coming to Friday's trade setup, we will once again sell below today's low 37590 for the target of 37350. Buying can be avoided as of now. We need price action above 38200 for a buy trade. However if we get a closing above 38060 in 15 min TF then we can plan a buy trade for the target of 100 points.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANKNIFTY | 20-01-2022 [INTRADAY]NSE:BANKNIFTY Trade Setup for 20-01-2022 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
2
Simple Trade Setup | BANKNIFTY | 19-01-2022 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 15min time frame, we can see that, today it gave breakout of this resistance channel and gave good up move and in last 1hr selling it again came down in this channel range. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for 19-01-2022 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