Simple Trade Setup | BANK NIFTY | 30-09-2021 [ INTRADAY]NSE:BANKNIFTY
Observations:
1) On 15 min time frame, there are two lines 1) resistance line and 2) Temporary support line.
If it open in between then breakout on either side will give move on that side but better to trade with levels only.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date 30-09-2021:
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 respsective level considering how price action works near that level.
Niftybankanalysis
Simple Trade Setup | BANKNIFTY | 29-09-2021 [INTRADAY]NSE:BANKNIFTY
Trade Setup for Date 29-09-2021:
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 respsective level considering how price action works near that level.
Simple Trade Setup | BANKNIFTY | 28-09-2021 [INTRADAY]NSE:BANKNIFTY
Observations:
We can see that two trendlines, 1) Resitance Trendline & 2) Support Trendline.
Brekout of either side will give quick move on that side.
Please refer below chart.
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Trade Setup for Date 28-09-2021:
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 respsective level considering how price action works near that level.
BANKNIFTY ANALYSIS: ALL TIME HIGH TRADENifty and Banknifty both showed weakness on technical grounds today where none of the indices could sustain the gap up opening . But for most of the part both of the Indian indices were choppy throughout the whole day. Shorting in nifty or banknifty by buying puts is not advised as the markets are not correcting sharply even after breaking their supports . Theta decay can cause loss to many traders who are buying puts in nifty or banknifty.
We know one thing and i.e. the structure of the market is still bullish and so we need to stick to high probability trading systems and one such trading system is when either of the indices breaks the all time high . As we saw earlier that nifty broke it's all time high and made newer highs but banknifty could not break its recently made all time high and also took resistance from there. That is why we should now only trade when there is a high probability trade and not when the market is stuck in a range .
Here I have given a trading setup in banknifty which activates when banknifty gives closing of 15 min or 5 min candle above its recent all time high of about 38112. It is considered from previous breakouts that banknifty atleast gives an upmove of about 300 points whenever it breaks the all time high and so these targets are also made using the same logic .
There is no fixed time for when the trade will get activated but I will update everyone on this post when it happens.
T1-38212
T2-38312
T3-38412
Breakout in Bank Nifty...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Simple Trade Setup |BANKNIFTY | 22-09-2021 [INTRADAY]NSE:BANKNIFTY
Observations:
1) On 15 time frame, It made reverese from the upper trendline of parallel channel.
People who are following my ideas may know about this trendline. But who are going through this post for the first time then you can refer in some of my previous post for Banknifty.
I am adding the link of those tradesetup at the bottom in the link section.
Please refer below chart : 15 time frame.
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Trade Setup for Date 22-09-2021:
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 respsective level considering how price action works near that level.
Simple Trade Setup | BANK NIFTY | 16-09-2021 [INTRADAY]NSE:BANKNIFTY
Trade Setup for Date 16-09-2021:
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.
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.
Banknifty Prediction Analysis Intraday Levels, 3 SeptHello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone at 37200-300
2. Stronger Resistance at 37000.
Support Level :
1. 36200 is Good Support Level .
2. 36500 is Stronger Support Level .
3. 36800 is the Strong Support Level .
No Trade Zone:
36900-37000
Sideways market:
36800-37000
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
Simple Trade Setup | BANKNIFTY | 16-08-2021NSE:BANKNIFTY
Observations:
1) On Daily Time Frame it made bullish flag and pole pattern. Upper level to consider is 36235 level and lower level to consider 35800.
Please refer Chart below:
2) It closed below 36200. @ 36169.35
3) It closed inside the parallel channel on 15min time frame.
4) But it closed above 21MA and also took support from 21MA on 15min time frame in last candle.
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Trade Setup for Date 16-08-2021:
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) If it open Gap up above 36230 then let it go down to test the 36200-36180 level or the trendline, if it gets the support from these level then buy trade can be initiated once it break the 36235 level.
3) If it open Gap up above 36230 then goes down and even if it break down 36180 level and fails to get support from it then wait till it reaches to 21MA on 15min time frame. Once it get support from there then there can be two possibilities to get in to buy trade.
If you are an experience trader then 1st entry will be on the next candle or breakout of the upper trendline. And for 2nd buy and safe entry will be breakout of 36235 level.
4) If it open gap up above 36230 then goes down and takes support from 36180 or 21MA on 15min time frame then it faces resistance at 36200-36225 level then it can be sell trade entry but only experience trader are advisable to take this entry. For Safe trade better to take entry once it breaks down the 21 MA.
5) If it open gap down in range of 36130 then let it go down to take support from 21MA and if it gets the support then the buy trade entry can be possible once it breaks the upper trendline and other safe buy trade entry can be possible if it breaks the 36235 level.
But if it fails to take support from 21MA then break down of 21MA will be the sell side entry. But trade with strict SL. Don't trade with sentiment. Let price action give your direction of the trade , not your own sentiment.
6) If it open major gap down even below the bottom trendline near 35980-35990 then if it take support from 50MA and get's back in to the channel then it will be buy trade entry. But if it breaks down the 50MA then it will be sell trade entry.
7) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
** NIFTY & BANKNIFTY PRE & POST MARKET ANALYSIS FOR 10 AUG ** MARKET ANALYSIS AND PREDICTION FOR 10.08.21 (TUESDAY ) ON 12 AUG
*******************************************************
* NIFTY 50 *
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SUPPORT AREAS RESISTANCE AREAS
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1ST SUPPORT AREA : 16229.35-16241.70 | 1ST RESISTANCE AREA : 16267.35-16287.10
2ND SUPPORT AREA : 16176.10-16195.95 | 2ND RESISTANCE AREA : 16321.25-16338.35
3RD SUPPORT AREA : 16126.40-16147
* NIFTY BANK *
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SUPPORT RESISTANCE
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1ST SUPPORT AREA : 35697.30-35787.30 | 1ST RESISTANCE AREA : 35907.40-35980.55
2ND SUPPORT AREA : 35440.70-35527.35 | 2nd RESISTANCE AREA : 36143.85-36217.20
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EXPECTATION : AS FOR TOMORROW I AM EXPECTING A NEGATIVE NIFTY & BANKNIFTY. CHANCES OF MARKET REMAINING
FLAT, RANGE BOUND IS HIGH.
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
BANKNIFTY Weekly LEVELSMagic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS (Target lines)
ORANGE LINES ARE SELL LEVELS(Target lines)
Additionally we added guiding line for entry and SL
There are 10 different pattern based on market opening for getting entry in market with this line if anyone interested please command below ..