NSE:BANKNIFTY Observations: 1) On 1 day time frame, we can see that it is trading above 100DMA. After giving breakout of the resistance channel it is back again inside the triangle pattern. Now below it has support channel and 100DMA as support. Breakdown of it can make is more bearish. Please refer below chart : 1day Time Frame. ...
BANKNIFTY Intraday Trade Setup For 08 Feb 2022 Buy-Above 38100 Sl-38000 T-38250 38450 Sell-Below 37800 Sl-37900 T-37500 37260 37000 BANKNIFTY has fallen 750 points from our sell level. It was too volatile in the 1st 30 Min. Swings were wild. After 10:30 we got breakdown of 38550. Also the 15 Min was also broken at the same time. It was good trending day. The...
BANKNIFTY Intraday Trade Setup For 03 Feb 2022 Buy-Above 39400 Sl-39300 T-39560 39785 40000 Sell-Below 39100 Sl-39200 T-39000 38800 BANKNIFTY as discussed that it is ready to give a breakout above 38900. BANKNIFTY moved 38900 to 39380+. Option buying was a bit tricky. Option selling gave very good profit as VIX crashed after the event. We planned not to sell...
NSE:BANKNIFTY Observations: 1) On 1 day time frame, it closed just above 100DMA. 100DMA is at 37596.89 level. currently it is immediate support. Below this it can try to test 37500 and 37000 level. Please refer below chart : 1day Time Frame. 2) On 1 hr time frame, we can see the triangle pattern in long-term with resistance channel and support...
BANKNIFTY Intraday Trade Setup For 27 Jan 2022 Buy-Above 38000 Sl-37900 T-38150 38300 Sell-Below 37300 Sl-37400 T-37150 37000 BANKNIFTY has hit target of 36500 On Monday. On Tuesday's trading session it has formed a Bullish Engulfing candle in daily TF. As our buy level was triggered index gave a very good momentum upside. On Expiry day if index consolidates...
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...
BANKNIFTY 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...
BANKNIFTY 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,...
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...
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...
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,...
🛑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...
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...
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...
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...
BANKNIFTY 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...
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...
BANKNIFTY 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...