Bank Nifty Intraday Trade Setup | 8th April 2021As we analyzed yesterday it was a trending day for BankNifty. It made low in first 5 mins, once broke the high of 15 mins candle then all day up.
I mentioned about Spanattack strategy which gave us good trade which I shared in the Public Telegram channel and it has approx 80-85% accuracy.
Expectations for Tomorrow: Range-bound day.
Resistance: 33400
Support: 32333
Intraday Levels:
Buy Above 33050
Sell Below 32850
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Options
Nifty Intraday Trade Setup | 8th April 2021As analyzed it was a Volatile day due to the Credit Policy. We saw the gap-up opening and soon it tested our Buy Level and went up, as per set-up we didn't get the entry as it was done within 15 mins.
I mentioned Spanattack (time-based price action) Strategy which is giving around 80% accuracy until now.
All our Trading Rooms would get Spanattack Strategy before market hours.
Expectations: Range-bound day.
Intraday Levels:
Buy Above 14885
Sell Below 14925
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty: Chart levels and trading strategy for the 08 April expiryNifty
CMP 14774
- We have got the rise we were looking for
- on charts we see 2 important resistance levels at 14818 and 14885 levels
given the levels we have suggested a trading strategy in chart
The trading strategy covers risk for a rise in Nifty price up to 14954-14964 giving us ample scope to adjust / exit in case Nifty movement is not in favor.
Take care & safe trading...!!!
Disclaimer :
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
#BanNifty Trade Setup For Friday (25th March)Simple Strategy Banknifty For Tomorrow.
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Will Buy CE if Banknifty cross 33387.
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Will buy PE if Banknifty goes down below 32873.
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Note: Tomorrow Banknifty can also be goes in range bound because last week it happened.
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If Banknifty give gapup or gapdown, we will wait for the right time.
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You can give your valuable feedback in comment box.
#Nifty Trade Setup For Friday ( 26th March)As I told you on yesterday that Nifty can fill the gap between 14350-14450.
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And actually today, same thing happened.
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As you see, after filling the Gap Nifty reversed from 14270.
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So maybe on tomorrow market can be in the range bound. Last week same it's happened.
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We will buy CE After Nifty cross 14500.
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We will buy PE after Nifty go below 14200.
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You can give your valuable feedback in comment box.
NIFTY TRADE SETUP FOR WEDNESDAY
Told you buy on Dip till Nifty sustain
above 14650.
Tomorrow again we will look for buy on dip
again till nifty sustain above 14750.
will long above 14830 and sell below 14730.
Market moving in both direction so scalping is
best method ,
Scalping level mention in chart.
BANKNIFTY ON 15 mins chart Banknifty is getting weaker every time it tries to touch 200 ma. Before closing of the day, BNF tried to break MA but couldn’t sustain. Based on price action we can analyze that there’s a breakout of a trendline but it’s fake because we have 200 ma just above the current price. Also we have a good Fibonacci 38.2% level that can act as a reversal. So looking at ever data available we think BANKNIFTY maybe end in RANGE MARKET between 33500- 34500. Tomorrow by opening if BANKNIFTY opens above 200 MA look for long positions but if BNF sustains below 200 ma , one should look for hedging or short position.
IDEA? A good 1:5 RR here.Macroscopic Factors:
A will draw down from the macroscopic factors to this script. 10 yr TFT Bonds are around their crucial resistance and will likely witness a heavy selloff. The Indian indexes have filled the gap created on the budget and the following days now and there isn't a gap left to fill.
Similar Scripts:
Bharti Airtel (NSE:BHARTIARTL) experienced a massive volume around the closing on Friday, March 19. The recent report by Telcos are positive for all telecom companies.
Analysis
Vodafone Idea is around very crucial support at 9.70. The script has bounced sharply by 0.9 to 1.2 Rs within two trading sessions from around this level. Since the RR is good on the trade, I reckon to have to trades.
For High-Risk Takers:
In this strategy the capital invested is small but you stand to lose your capital even if we happen to have a successful trade here, but late. Buy Mar 10 CE and hold it until expiry of if we hit 10.25. We will likely see 11.45 on the chart, however, for that you are advised to follow the medium risk taker's strategy.
For moderate risk takers:
F&O is typically for high risk appetite traders since your chances of losing your complete invested capital is very high and if you don't follow the price action and other economic indicators (alongside the RSI and MACD), you are highly likely to fail. Buy IDEA Apr Fut at CMP or Apr 10 CE at CMP of 0.9. Exit when we close below 9.45 on the spot chart. This is our SL. The rest of the targets are mentioned on the charts. Reminder: If you take a Fut lot, you can rollover to May Fut eventually if the target takes longer and you won't be penalized for the time delay. Choice is yours.
Short the BankNifty Early MondayTrade-hour analysis
The BNF is about to break a downward channel and correct after the COVID-corrective bull run.
Sell if the BNF confirms the 15m Bearish trend and take profits at 33530-33540
If there is gap up openning then wait for gap to be filled.
If the there are more positive fundamental cues (Highly unlikely) Enter at the top buy zone after confirmation and TP at the closest DSZ.