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Niftybankanalysis

Simple Trade Setup | BANKNIFTY | 21-12-2021 [ INTRADAY ]NSE:BANKNIFTY Observations: 1) On 1day time frame, it is just closed at the parallel channel bottom trendline. Please refer below chart : 1day Time Frame. 2) On 1 hr time frame,it decisively broke the trendline and closed below it. Now this trendline will work as support if it trades above this and it will work as resistance if it trades below it. Please refer below chart : 1hr Time Frame. 3) Again on 1 day time frame, we can see that it has major support range at 33952-34000 level. Below that it will be very weak. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date: 21-12-2021 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 Dec 2021BANKNIFTY Intraday Trade Setup For 21 Dec 2021 Buy- None Sell-Below 34000 Sl-34100 T-33900 33600 BANKNIFTY can be sideways tomorrow.Not expecting a big move again. It can make an inside candle tomorrow. 34900 is an important support as of now. If breaks then again a trending move will come. Live Market data is more important for BANKNIFTY than Post market levels. Trade setups will be based on live data. Also 34580-34600 is a best place to short.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 17 Dec 2021BANKNIFTY Intraday Trade Setup For 17 Dec 2021 Buy-Above 37200 Sl-37000 T-37400 37600 Sell-Below 36380 Sl-36480 T-36200 36060 As discussed yesterday that the best trade would be to short below yesterday's low. We also discussed that the range shift will give 350 points move either side. And it has given almost 350 points after the range broke downside. Coming to tomorrow's trade setup, We will once again short below today's low this trade would be the simple and best trade. It can give another 300-350 points move in the downside at a go. We will avoid aggressive buying until we get closing above 37000 in daily TF.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANKNIFTY | 16-12-2021[ INTRADAY ]NSE:BANKNIFTY Since Tomorrow is expiry, hence only considering safe buy trade above 37020 sustainable breakout. Trade Setup for Date: 16-12-2021 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
NIFTY Trade Setup For 16 Dec 2021NIFTY Trade Setup For 16 Dec 2021 Buy-Above 17380 Sl-17350 T-17450 17500 Sell-Below 17190 Sl-17230 T-17100 17050 17000 Nifty has once again consolidated between 17400 and 17200. The best trade for tomorrow is that we will sell below 17190. In buying there are multiple resistance placed. 17000 has the highest OI. Also nifty is following a channel pattern in hourly timeframe. The trendline is marked in the blue. Our target would be that trendline for short.
NSE:NIFTY
by Omahto
Simple Trade Setup | BANKNIFTY | 15-12-2021 [ INTRADAY ]NSE:BANKNIFTY Observations: 1) On 1day time frame,it managed to sustain above 10DMA. But, it is still below 21DMA. If it gives sustainable breakout of 21DMA then we can see up-move. 21DMA is placed at 36983.30 and 10DMA is palced at 36671.66 Please refer below chart : 1day Time Frame. 2) On 15min time frame, after it opened gap down below the support trendline it gave the breakout of it and touche 37000 level and then in last closing hour it tested this trendline and gets support from it. If it trades above it then it will works as support trendline. Please refer below chart : 15min Time Frame. ------------------------------------- Trade Setup for Date: 15-12-2021 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 Dec 2021BANKNIFTY Intraday Trade Setup For 15 Dec 2021 Buy-Above 37050 Sl-36950 T-37300 37500 Sell-Below 36770 Sl-36870 T-36550 36350 36050 BANKNIFTY as discussed yesterday that index may show some fall below yesterday's low. Index gave more than 280 points fall from the level. It was easy to trade. RR was too good in this trade. Now coming to tomorrow's trade setup. Index has closed almost flat today indicating this zone as a consolidation zone. We will short again below 36770. We will short aggressively again below 36500 only as it is a strong demand zone as of now (36500-36550). 36500 has the highest OI buildup. And 37000 has the highest OI in the Call side. And index has corrected from this level only. Range is 37000 and 36500. Wait for breakout or breakdown of this range.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANKNIFTY | 13-12-2021 [ INTRADAY]NSE:BANKNIFTY Trade Setup remains same as per previous setup. Trade Setup for Date: 13-12-2021 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
Nifty Bank, a sunrise again ???Nifty Bank on day charts seems evenly poised for a ride either way, perfectly paused around this level of 37000, it can either travel towards the upper Bollinger band which is somewhere near 38910 or it can drift away down towards lower band which is near 35246 Having said that and After seeing the charts some observations that came up are like 1. Continuously for three days it has been closing above the level of 37001.15 which as per the fib retracement is 0.236 level 2. After 4th November since it glided down the BB basis, it's the first time it has again jumped above towards the BB basis 3. It is this same level of 37000 and same point on the BB basis from where it had taken off for a giant leap, see the candle of 1st Oct 21 4. After an area of divergence, RSI 14 is moving upwards and aiming to cross 50 from below 5. MACD is showing positive trend, initiation of a bullish crossover and histogram turning strong and green Might be we are on to a new rally in BN F 🚀🚀 not at all something like a trade advice #DYOR #DUE_DILIGENCE
NSE:BANKNIFTY
by harshad_009
Simple Trade Setup | BANKNIFTY | 09-12-2021 [ INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame,Today, it trade above 10DMA. But face resistance from 21DMA. 10DMA is support now and 21DMA is immdiate resistance now. 10DMA is placed at 36377.13 21DMA is placed at 37348.94 Please refer below chart : 1 day Time Frame. 2) On 1 hr time frame, we can see that it has given the breakout of resistance channel. Please refer below chart : 1 hr Time Frame. ------------------------------------- Trade Setup for Date: 09-12-2021 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
1
Nifty Bank, a pyramid near completionNifty Bank on a chart of 15 minutes time-frame Not always you can use candlesticks to read something that's being written on the charts So, this be treated as an attempt to read it using another tool, this time it is baseline Trying to keep it simple and readable enough there is an upward journey, a destination point and again a downward travel, In the process BUILDING A PERFECT PYRAMID which is very fast nearing completion Besides this structural achievement, there is something more to it, apply a Fib number series or a Gann box and just see how amazingly every value coincides Another remarking exclamation in this journey is the use of same halting points either way And as always, it isn't a buy sell recommendation, It is just an effort to bring precision while making decsion #DYOR
NSE:BANKNIFTY
by harshad_009
Simple Trade Setup | BANKNIFTY | 01-12-2021 [ INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame, it closed just below 200DMA. 200DMA is placed at 35707.33 level. If it sustain below it tomorrow then we can see weakness. 200DMA is major support. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 01-12-2021 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