NSE:BANKNIFTY
Observations:
1) On 1 day time frame, we can see that it took support from 10DMA and maintained to close above it.
Please refer below chart : 1day Time Frame.
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Trade Setup for Date 08-10-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get...
Monthly fib- red
Weekly Fib- green
Daily fib- yellow
Fibonacci is not only present in nature but is evidently present in our stock markets (commodity and crypto too).
This helps us to mark the important support and resistance levels without any other stimulus.
NSE:BANKNIFTY
Levels remains the same as per previous trade setup. Only support and resistance line added/changed a bit.
Trade Setup for Date 11-10-2021:
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)...
Please refer my earlier post of previous trade setup to know about parallel channel support which BANK NIFTY is having. I am putting it in link section at bottom of this post.
Resistance line will only work as support once it breaks it & then it test it for support.
Trade Setup for Date 07-10-2021:
1) Don't Jump in to trade at the beginning of the market....
NSE:BANKNIFTY
Trade Setup for Date 05-10-2021:
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...
NSE:BANKNIFTY
Observations:
1) On 1hr time frame, if you can remeber from my past BANKNIFTY TRADE setup that we have a parallel channel support for BANKNIFTY.
On Friday,01-10-2021, it took support from the upper trendline of that parallel channel.
I am also putting that previous idea in which I talk about that parallel channel. Please refer it in link...
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. ...
Niftybank can look for support zone of 36590-36700 for tp of 39000-39330
only for positional players
Disclaimer : Only for educational and learning purpose.
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...
Bank Nifty Broken out of triangle as drawn in previous post.
Retest is also done. Hope to continue upside as per our view.
Breakout of 36200 may give T1 and then T2 Targets as shown in chart.
Contra view : If goes down then may test the gap support.
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...
NSE:BANKNIFTY
This is BANKNIFTY chart on daily time frame. Today it formed very important candle. And below are levels for this week.
Buy Only above 35850.
--> 1st Target: 35935
--> 2nd Target: 36108
--> 3rd Target: 36234
Sell Only Below 35645.
--> 1st Target: 35553
--> 2nd Target: 35392
--> 3rd Target: 35218
I will also post another Idea with 15min time...
What a day it was for BankNifty today !!! :) :) :) Big SMilesss on puts for me...after breakdown of support as shown yesterday! Hope you had a great day too !!! Bless You !!!
Dow theory ! Yes, Dow theory is not bent yet!
Trend is our friend until it bends.
Applying Fib retracements from each significant Low, the reversal is coming from a 50% level.
So, expecting...
intraday levels.
35,610 to 35,490 is no trading zone
if price cross 35,610 then buy35,600ce & 35,700ce
and price cross 35,490 then buy 35,400pe & 35,300pe
Bank Nifty is in downtrend from past 2 days and now it has reached to "once a resistance zone now may act as a good support" Zone. The rectangle zone may act as a good support now,
Bank Nifty is now all set to move up again and we may see 37500 again by next week,
For safe trading wait for the trend line to break
"if you respect trend lines the market will respect...
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 08-10-2021 [ intraday]](https://s3.tradingview.com/e/eeuivORf_mid.png "Simple Trade Setup | BANKNIFTY | 08-10-2021 [ intraday]")
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 11-10-2021 [ INTRADAY]](https://s3.tradingview.com/w/wAEJUCCG_mid.png "Simple Trade Setup | BANKNIFTY | 11-10-2021 [ INTRADAY]")
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 07-10-2021 [ INTRADAY]](https://s3.tradingview.com/8/8TXXe7h6_mid.png "Simple Trade Setup | BANKNIFTY | 07-10-2021 [ INTRADAY]")
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 05-10-2021 [INTRADAY]](https://s3.tradingview.com/a/aggp4GoQ_mid.png "Simple Trade Setup | BANKNIFTY | 05-10-2021 [INTRADAY]")
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 04-10-2021 [INTRADAY]](https://s3.tradingview.com/1/1TBxI3bU_mid.png "Simple Trade Setup | BANKNIFTY | 04-10-2021 [INTRADAY]")
![BANKNIFTY: Simple Trade Setup | BANK NIFTY | 30-09-2021 [ INTRADAY]](https://s3.tradingview.com/f/F6fnYCAy_mid.png "Simple Trade Setup | BANK NIFTY | 30-09-2021 [ INTRADAY]")
![BANKNIFTY: Simple Trade Setup | BANK NIFTY | 16-09-2021 [INTRADAY]](https://s3.tradingview.com/n/njS863Oy_mid.png "Simple Trade Setup | BANK NIFTY | 16-09-2021 [INTRADAY]")
