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Niftybanklevels

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.
NSE:BANKNIFTY
by Trading_hawk
4
Simple Trade Setup | BANKNIFTY | 31-12-2021 [ INTRADAY ]NSE:BANKNIFTY Observations: 1) On 1 day time frame, after range bound trading on expiry day most of all the trade setup and levels are remaining same. It is still trading below 10DEMA and 200DMA. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 31-12-2021 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
Simple Trade Setup | BANKNIFTY | 29-12-2021 [INTRADAY]NSE:BANKNIFTY Observations: 1) On 1 day time frame, it is still trading below 200DMA and also it faced resistance from 10DMA. To reach up to 200DMA it has to sustain above 10DMA. 10DMA is placed at 35322.39 and 200DMA is placed at 35708.93 level. Please refer below chart : 1 day Time Frame. 2) Also on 1 Day time frame, we can see that it has made double bottom pattern. Major breakout range is at 35353 -35470 level range. Please refer below chart : 1 day Time Frame. 3) On 15min time frame, we can see it has been forming double bottom pattern as well and immediate neckline to break is at 35280 level. However major breakout is at level 35300 level. So range of 35280-35300 will work as support if price trades above it and it will work as resistance if price trades below it. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for Date: 29-12-2021 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
4
Simple Trade Setup | BANKNIFTY | 22-12-2021 [ INTRADAY]NSE:BANKNIFTY Trade Setup for Date: 22-12-2021 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
Simple Trade Setup | BANKNIFTY | 20-12-2021 [ INTRADAY ] NSE:BANKNIFTY Observations: 1) On 1day time frame, It has come below 200DMA again and now with now bottom wick. It is a stong bearish candle. If it sustain below 200DMA then we can see more weakness in Banknifty. 200DMA is placed at 35734.42 level. Please refer below chart : 1day Time Frame. 2) On 1hr time frame, we can see the trendline which was working as resistance and now it must work as support. But the trendline is still far away from the current level. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date: 20-12-2021 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
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
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
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
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
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
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
Simple Trade Setup | BANKNIFTY | 10-11-2021 [ INTRADAY]NSE:BANKNIFTY Observations: 1) On daily time frame, it faced resistance from 21DMA and closed below it. 21DMA is placed at 39575.20 level range. Also one good thing is that it managed to close above major support range of 39285-39350 level range. Please refer below chart : 1 day Time Frame. In general, it is good that none of 15min candle closed below this major support range of 39285 level. ------------------------------------- Trade Setup for Date 10-11-2021: Most of the levels and trade setup remains same as per previous. 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
Simple Trade Setup | BANKNIFTY | 09-11-2021 [ INTRADAY]NSE:BANKNIFTY Observations: 1) On daily time frame, we can see after provisonal closing it closed below 21DMA and 39500 level which is major resistance. 21DMA is also placed at the same level range - 39498.26 level. Please refer below chart : 1 day Time Frame. 2) Also on daily time frame, good thing is that it managed to closed above the major support range of 39284-39350 level range. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date 09-11-2021: 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
Simple Trade Setup | BANKNIFTY | 08-11-2021 [ INTRADAY]NSE:BANKNIFTY Most of the levels and trade setup remains same as per previous. Trade Setup for Date 08-11-2021: 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
Simple Trade Setup | BANK NIFTY | 02-11-2021 [ INTRADAY]NSE:BANKNIFTY Observations: 1) On daily time frame,Friday it has closed above 21DMA and on 01-11-2021 it took support from 21 DMA and made bullish candle. Please refer below chart : 1 day Time Frame. 2) On daily time frame, If we apply Fib retracement then we can see that it has given good upmove from 61.8% level of FIB retracement. Please refer below chart : 1 Day Time Frame. ------------------------------------- Trade Setup for Date 02-11-2021: 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
Simple Trade Setup | BANK NIFTY | 29-10-2021 [ INTRADAY] NSE:BANKNIFTY Observations: 1) On 15 min time frame we can see that it had broken the temporary support trend-line from which it was getting support and bounce back in previous session. But now it came to the major critical support range of 39285 to 39350. If it holds and gets support from here then it can bounce back but if it breakdown this range then the downfall will continue. Please refer below chart : 15min Time Frame. 2) On 1hr time frame, we can see that it had broken the upper trendline of parallel channel and now again back near inside the upper trend-line of parallel channel. Tomorrow if it failed to sustain above the upper trendline of parallel channel then we can see that it will come down till middle trend line of the parallel channel. Please refer below chart : 1hr Time Frame. 3) On 1 day time frame, we can see that after breaking 10DMA it is closed above 21DMA. But still it is a bit far above 21DMA. There can be a move to test 21DMA. 21DMA is placed at 38927.04. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date 29-10-2021: 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