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Niftybankanalysis

BANKNIFTY Intraday trade Setup For 2021BANKNIFTY Intraday trade Setup For 2021 Buy-Above 37900 Sl-37800 T-38061 38240 Sell-Below 37200 Sl-37300 T-37000 36900 36650 Banknifty has moved both the side today. The last hour sell off will continue if it breaches today's low. Also keep i mind that 37000-36900 will act as a support so book profits there. If 37000 is is breached then will test 36700. Eat in pieces. If index take support from 37270 then go long with a small sl for the target of 37800.
NSE:BANKNIFTY
by Omahto
Simple Trade Setup | BANK NIFTY | 23-11-2021 [ INTRADAY]NSE:BANKNIFTY Observations: 1) On 1day time frame, it is managed to close above 100DMA. 100DMA is placed at 36987.45 We can see that major support range if 36980-37000 level range. Please refer below chart : 1 day Time Frame. 2) On 1 day time frame also we can see that as per Fib retracement it is just above 61.8% level. If it sustain above it and takes support then we can see a pull back for tomorrow only. Please refer below chart : 1 day Time Frame. 3) On 1hr time frame, it has made rounding top pattern, which is a sign of bearishness. And now it is just near to support range. There can be two scenario, if it takes support from this support range then we can see a pullback. But if it gives sustainable breakdown of it then it will continue to be bearish. Please refer below chart : 1 hr Time Frame. ------------------------------------- Trade Setup for Date: 23-11-2021 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 50 Neowave ForecastNSE:NIFTY Hi Traders Today we are going to discuss Nifty 50 Index. So lets see whats been happening here. After Making an high of 18600 we are falling. We made a low of 17600 which i called (A) point and after that we rise and make a (B) Point. So as you all you can see this three wave corrective structure higher possiblity going towards 17400. Now longer term trend is still up. So Below around 17000 there is an support trend line. Higher possiblity of returning from there. So its all depend on how much (C) point will fall. So this is the best possible scenerio. Thank You Wave Forecast
NSE:NIFTYShort
by Neowave-forecast
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 38700 CE and Short 37500 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short strangle then ◽if breakout at 38600 happens then we can exit from short CE position and hold short PE Position until achieve the target of 38700 ◽if breakdown at 37500 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 37500 ◽ i hope that it will help a lot , do like it and follow for more have a nice day,....
NSE:BANKNIFTYShort
by agasthya_d
Simple Trade Setup | BANKNIFTY | 18-11-2021 [ INTRADAY]NSE:BANKNIFTY Observations: 1) On 1hr time frame, we can see that now it has come down to the middle trendline of major parallel range in which it was trading earlier. My personal view is that it may come down till 37500 and from that it can take good support from it. If not then on breakout of middle trendline of parallel channel it will bounce back. But if it faces resistance from middle trendline then it will be short trade. I am not able to adjust this channel in the levels chart so I am providing it separately. Please refer below chart : 1 hr Time Frame. 2) On daily time frame,it close below 50DMA and closed just above 38000 level. 50DMA is placed at 38408.22 level. If it goes below 38000 and sustain below then it is a sign of bearish trend. Please refer below chart : 1 day Time Frame. 3) On 15 min time frame, it is just at the bottom trendline of parallel resistance channel. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for Date: 18-11-2021 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 Short Term Positional View for week ending 19th Nov#BANKNIFTY Short Term Positional View for the week ending 19th Nov For the first time in 3 weeks, BN has closed on the falling trend line (marked in red circle). BN has to sustain above this trend line to start afresh trend and projected movement along with the levels are marked on the chart. The correction from 41,829 to 38,346 seems to be a flat 3-3-5 correction, this statement holds until the Invalidation line placed at 38,346 gets breached. Strategy:- Buy in dips till the time 38,346 holds for higher targets. Any breach of 38,346 will result in panic selling and if it breaks, then only will share my bearish view, else it might create unwanted panic. Decision Zone:- 38,750 above +ve and below -ve. E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't. John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve. Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient. Regards, SG #elliottwave #banknifty #niftybank
NSE:BANKNIFTYLong
by subhagghosh
16
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 38900 CE and Short 37800 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short strangle then ◽if breakout at 38900 happens then we can exit from short CE position and hold short PE Position until achieve the target of 39000 ◽if breakdown at 38000 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 37800 🛑 Rules to follow while initiating the trade ◽ Take an trade after 11 to 11:30 AM -if market still in between our mentioned shorting strikes - from 11:30 Am here afterwards volatility will starts to cool off (it will makes decreasing in volatility , whereas decreasing in volatility will decreases the premium in both CALL and PUT side ,which will help shorter's) ◽ i hope that it will help a lot , do like it and follow for more have a nice day,... .
NSE:BANKNIFTYShort
by agasthya_d
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index and Standard Deviation - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 39300 CE and Short 38200 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short strangle then ◽if breakout at 39150 happens then we can exit from short CE position and hold short PE Position until achieve the target of 39300 ◽if breakdown at 38300 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 38200 🛑 Rules to follow while initiating the trade ◽ Take an trade after 11 to 11:30 AM -if market still in between our mentioned shorting strikes - from 11:30 Am here afterwards volatility will starts to cool off (it will makes decreasing in volatility , whereas decreasing in volatility will decreases the premium in both CALL and PUT side ,which will help shorter's) ◽i hope that it will help a lot , do like it and follow for more have a nice day,....
NSE:BANKNIFTYShort
by agasthya_d
1
BANKNIFTY Levels for Tuesday !🛑BANKNIFTY trading below 21DMA - Trading above 50,100 DMA - Bank Nifty WEEKLY Pivot is at 38917.8 🛑 Keys Levels to watch out for day traders ◽ Resistance is at 39000-39100 -with the stop loss of 38950 - we can see target of 39300 ◽ Support Levels is at 38600-38500 - with SL of 38650 - we can see Target of 38300 🛑 Rules to follow * avoid trade if market opens above/ below our levels - in other words , avoid if market opens at or above our resistance zone (Huge GAP up) - avoid if market opens at or below our support zone (Huge GAP down) (reason behind avoiding trade because market don't like gaps it will try to fill the gaps ) *if huge gap UP or DOWN happens then we have to just wait for price action and until fill the gap then we can take trade *initiate the trade by using 5mins time frame chart , -if breakout happens and 5min candle closed above mentioned level then initiate trade - if breakdown happens and 5min candle closed below mentioned level then initiate trade (so point is candle must as close above / below our mentioned levels then initiate trade , while operating SL also same candle as to close below the levels) * After initiating the trade we must have to wait until it will hit either TARGET or STOP LOSS *initiate trade after immediate breakout / breakdown(possibility making profit is higher) ◽or one can initiate after retesting the level (possibility making profit is lower) ◽ i hope that it will help a lot do like and follow for more have a nice day
NSE:BANKNIFTY
by agasthya_d
Simple Trade Setup | BANKNIFTY | 16-11-2021 [ INTRADAY]NSE:BANKNIFTY After gap up opening it went down and was sideways. Our trade setup and levels remains most of the same. Observations: 1) On 15 min time frame, It traded mostly under the resistance parallel channel. It opened above this channel and went back inside it. But good thing is that it didn't breakdown below it. Also it took support from 38600 level range. Level of 38500 and 38600 are immediate support. Immediate resistane is at 38800. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for Date: 16-11-2021 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
4
BANKNIFTY Shorting Based on Vix!🛑 Shorting strikes purely based on india vix volatility index - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 39500 CE and Short 38000 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short strangle then ◽if breakout at 39300 happens then we can exit from short CE position and hold short PE Position until achieve the target of 39500 ◽if breakdown at 38300 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 38000 🛑 Rules to follow while initiating the trade ◽ Take an trade after 11 to 11:30 AM -if market still in between our mentioned shorting strikes - from 11:30 Am here afterwards volatility will starts to cool off (it will makes decreasing in volatility , whereas decreasing in volatility will decreases the premium in both CALL and PUT side ,which will help shorter's) ◽ i hope that it will help a lot , do like it and follow for more have a nice day,. ...
NSE:BANKNIFTYShort
by agasthya_d
BANKNIFTY Levels for Monday !🛑BANKNIFTY trading below 21DMA - Trading above 50 DMA will act as Support (38264 ) - Bank Nifty WEEKLY Pivot is at 39618.2 🛑 keys Levels to watch out for day traders ◽ Resistance is at 38900-39000 -with the stop loss of 38850 - we can see target of 39300 ◽ Support Levels is at 38500-38400 - with SL of 38550 - we can see Target of 38000 🛑 Rules to follow * avoid trade if market opens above/ below our levels - in other words , avoid if market opens at or above our resistance zone (Huge GAP up) - avoid if market opens at or below our support zone (Huge GAP down) (reason behind avoiding trade because market don't like gaps it will try to fill the gaps ) *if huge gap UP or DOWN happens then we have to just wait for price action and until fill the gap then we can take trade *initiate the trade by using 5mins time frame chart , -if breakout happens and 5min candle closed above mentioned level then initiate trade - if breakdown happens and 5min candle closed below mentioned level then initiate trade (so point is candle must as close above / below our mentioned levels then initiate trade , while operating SL also same candle as to close below the levels) * after initiating the trade we must have to wait until it will hit either TARGET or STOP LOSS *initiate trade after immediate breakout / breakdown(possibility making profit is higher) ◽or one can initiate after retesting the level (possibility making profit is lower) ◽ i hope that it will help a lot do like and follow for more have a nice day
NSE:BANKNIFTY
by agasthya_d
BANKNIFTY Shorting Strikes !🛑 Shorting strikes purely based on india vix volatility index - we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle - Short 39000 CE and Short 38000 PE 🛑 we can observe that market may be stays in between within the mentioned strikes - if we short both side / if we did short strangle then do follow below rules ◽if breakout at 38900 happens then we can exit from short CE position and hold short PE Position until achieve the target of 39300 ◽if breakdown at 38200 happens then we can exit from short PE position and hold the short CE Position until achieve the target of 38000 🛑 rules to follow while initiating the trade ◽ Take an trade after 11 to 11:30 AM -if market still in between our mentioned shorting strikes - from 11:30 Am here afterwards volatility will starts to cool off (it will makes decreasing in volatility , whereas decreasing in volatility will decreases the premium in both CALL and PUT side ,which will help shorter's) ◽i hope that it will help a lot , do like it and follow for more have a nice day,....
NSE:BANKNIFTYShort
by agasthya_d
BANKNIFTY Levels for Friday !🛑BANKNIFTY trading below 21DMA this will act as Resistance (39647), - 50 DMA will act as Support , 38264 level will be crucial to hold banknifty - Bank Nifty WEEKLY Pivot is at 39618.2 🛑 keys Levels to watch out for day traders ◽ resistance is at 38900-39000 -with the stop loss of 38850 - we can see target of 39300 ◽ Support Levels is at 38400-38300 - with SL of 38570 - we can see Target of 38000 🛑 Rules to follow * avoid trade if market opens above/ below our levels - in other words , avoid if market opens at or above our resistance zone (Huge GAP up) - avoid if market opens at or below our support zone (Huge GAP down) (reason behind avoiding trade because market don't like gaps it will try to fill the gaps ) *if huge gap UP or DOWN happens then we have to just wait for price action and until fill the gap then we can take trade *initiate the trade by using 5mins time frame chart , -if breakout happens and 5min candle closed above mentioned level then initiate trade - if breakdown happens and 5min candle closed below mentioned level then initiate trade ( so point is candle must as close above / below our mentioned levels then initiate trade , while operating SL also same candle as to close below the levels ) * after initiating the trade we must have to wait until it will hit either TARGET or STOP LOSS *initiate trade after immediate breakout / breakdown(possibility making profit is higher) ◽or one can initiate after retesting the level (possibility making profit is lower) ◽i hope that it will help a lot do like and follow for more have a nice day
NSE:BANKNIFTY
by agasthya_d