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Niftybankanalysis

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
BANKNIFTY Intraday Trade Setup For 09 Feb 2022BANKNIFTY Intraday Trade Setup For 09 Feb 2022 Buy-Above 38225 Sl-38125 T-38440 38560 37727 Sell-Below 37590 Sl-37690 T-37300 37000 BANKNIFTY has formed a hammer in daily TF. Indicating that the current downtrend may stop here. It will be active above its high 38225. We planned to sell below 37800. Index fell 470+ points from there. It was a good trendy move. It was free fall. We have seen a sharp recovery after 11 o'clock when the intraday trendline resistance broke. It was a V- shape recovery. This upside move will continue above today high. We need ca 15 Min candle close above 38150. Then above 38220 we will plan to buy. If we get a pullback after breaking the high then that will be more ideal place to enter. Target will be 37500. For selling we need to wait till 37600. Below 37590 we will sell for the target of 37320. And if index breaks 37300 then we will hold till 37000. Index moves are wild so trade carefully.
NSE:BANKNIFTY
by Omahto
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