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.
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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.
Niftybankanalysis
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.
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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.
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.
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.
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.
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.
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.
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.
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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.
BANKNIFTY Intraday Trade Setup For 19 Jan 2022BANKNIFTY Intraday Trade Setup For 19 Jan 2022
Buy-None
Sell-Below 38090
Sl-38200
T-37900 37750
BANKNIFTY has shown a V Shape move in today's trading session. Our buy level was 38300 index hit all target in buying side.
We are completely in a range since last six days.
Range is 39000 in Upside and 38000 in downside.
This range shift will give us a trendy move of 800-1000 points either side.
Also BANKNIFTY has formed a negative candle(Shooting Star) in daily TF.
Buying can be avoided as of now. Already discussed that Index will give a pullback when 38600 was broken.
The best and ideal trade will be short below today's low with flat opening. If we get a 15 min candle close below 38000 after shorting below 38100 then will hold tight our short position.
Simple Trade Setup | BANKNIFTY | 17-01-2022 [INTRADAY]NSE:BANKNIFTY
Most of levels and trade setup remains same as per previous.
Trade Setup for 17-01-2022
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.
Simple Trade Setup | BANKNIFTY | 14-01-2022[INTRADAY]NSE:BANKNIFTY
Trade Setup for 14-01-2022
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.
BANKNIFTY Intraday Trade Setup For 14 Jan 2022BANKNIFTY Intraday Trade Setup For 14 Jan 2022
Buy-Above 38600
Sl-38500
T-38725 38800
Sell-Below 38370
Sl-38470
T-38227 38100
As we planned that we will sell below the doji candle low 38600. It has given more than 200 points profit. The trade was smooth as index opened flat and crossed our level. For a good directional move we need flat opening.
After 12 trading session the index has broken its previous day low. Now we can see a pullback of this current move till 36700-36550.
Coming to tomorrow's trade setup the best trade will be on flat opening and crossing today's low, we well once again short. This will be the best trade. But remember that index needs to open flat and cross our level.
For buying we need candle closing above 37580 to initiate a buy target. Upside target can be 100-150 points only. For big upside move we need a pullback first the will the fuel to the up-move. Otherwise index will trade with less momentum.
Simple Trade Setup | BANKNIFTY | 13-01-2022 [ INTRADAY ]NSE:BANKNIFTY
Trade Setup for 13-01-2022
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.
#Niftybank Intraday Support and Resistance Levels - 12/01/2022This channel provides Nifty and Bank Nifty analysis and provides swing trades for equity.
The channel is also a provider of technical knowledge on technical analysis .
This is merely a recommendation channel, so please do your own analysis as I am not a SEBI registered analyst.
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Rising Bull
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BANKNIFTY Intraday Trade Setup For 12 Jan 2022BANKNIFTY Intraday Trade Setup For 12 Jan 2022
Buy-Above 38500
Sl-38400
T-38737 38850 39000
Sell-Below 38280
Sl-38380
T-38050 37900
BANKNIFTY has closed in a positive note today also. Morning it could not sustain in the 1st 5 min above 37400. So, as soon as the low broke we shorted and made good money. Also longed above 38200 when the intraday trend reversed , booked profit near 37400.
All updates were shared. Coming to tomorrow's trade index has tested 38500. Above this index can show some positive momentum. Only issue is that index been in a positive note since 35500 is broken, so profit booking can take place any time. So, always be careful in long side. If we get long with intraday data then that would be best. Actually now the fear is in upside.
For selling we will sell below 38280 for the target of 38050. No big target for sell as of now.
As said for aggressive sell trade we need price action below 38000.
If index opens with big gap or gap down then we will wait for the 1st 15 min and trade after 10 o' clock .
Simple Trade Setup | BANKNIFTY | 12-01-2022 [INTRADAY]NSE:BANKNIFTY
Most of all the levels and trade setup remains same as per previous.
Trade Setup for 12-01-2022
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.
Bank Nifty needs to work hard!!Bank Nifty ('BN') is at a immediate resistance, which also a key level for overall movement of the market. As you know from our Nifty analysis that good triggers (such as good GDP data, economy and better revenue collection) will help the market to close in green, but the key is to sustain above the key levels.
If BN crosses 38k levels and sustain, then there is a good chance to reach at 41k subject to good earnings and positive foreign markets and no new COVID variant.
BANKNIFTY Levels for Friday
🛑BANKNIFTY trading above 21 and 50 DMA
- Bank Nifty WEEKLY Pivot is at 35104
🛑 Keys Levels to watch out for day traders
◽Resistance is at 37900-38000
-with the stop loss of 37850
- we can see target of 38300
◽ Support Levels is at 37100-37000
- with SL of 37150
- we can see Target of 36700
◽i hope that it will help a lot
do like and follow for more
have a nice day
Simple Trade Setup | BANKNIFTY | 06-01-2022 [ INTRADAY ]NSE:BANKNIFTY
Trade Setup for 06-01-2022
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.
Simple Trade Setup | BANKNIFTY | 05-01-2022[INTRADAY]NSE:BANKNIFTY
Trade Setup for 05-01-2022
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.






















