Bank Nifty Trade Plan for 21 JULY 2022 - Expiry dayBank Nifty Trade Plan for 21 JULY 2022 - Expiry day
After a gap up opening in Bank Nifty found some selling pressure at the close.
Key support level to watch out is 36000 level for next trading session.
Even though the CPR is bullishly aligned for the next trading session the closing sentiment is weak.
Tomorrow if Bank Nifty opens flat to small gap down, then CPR & Bearish reversal should act as a strong resistance, In case if PDL & S1 is getting compromised we can expect the Previous day gap to be filled.
In case if Bank Nifty opens with in yesterday range & sustains above CPR then we can expect Bank Nifty to again test out PDH & be in a range bound.
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Bank Nifty Trade Setup for 19 JULY 2022Bank Nifty Trade Setup for 19 JULY 2022
Bank Nifty expected to have a gap down opening around Bearish Break out zone & S1 Support levels.
Any rejection from S1 support levels or Bearish BO we can anticipate Bank Nifty to test out PDL & then may be Virgin CPR levels of yesterday.
In case if S1 support holds good then we can anticipate Nifty to be in a range and might test again Bullish Reversal Zone & that taken out then PDH.
Check out the linked video for detailed analysis.
Bank Nifty Trade setup for 15 JUL 2022Bank Nifty Trade setup for 15 JUL 2022
Bank Nifty expected to open flat to small gap down.
Immediate resistance for Bank Nifty is the CPR, in case any support at CPR we can possibly expect Bank Nifty to test out R1.
There is a quite a resistance for Bank Nifty around R1 & Bullish Break out Zones, any rejection triggers from these zones is a selling opportunity for the lower targets as marked on the charts.
In case of S1 getting compromised today we can see more selling pressure and the previous gap will be filled out or else it would be trading in yesterday's price range.
Bank Nifty Trade Setup for 13 JUL 2022Bank Nifty Trade Setup for 13 JUL 2022
Bank Nifty is also bearishly aligned for the day and at this point of time is expected to open with a gap up around today CPR levels.
Any support confirmation above CPR we can possibly expect Bank nifty to test out R1 & at R1 we can expect a possible rejection.
Any rejection trigger from R1 we can possible expect Bank Nifty to test out CPR & then possible lower targets at market on the charts.
Bank Nifty Trade Setup for 05 JULY 2022Bank Nifty Trade Setup for 05 JULY 2022
Bank Nifty expected to open flat to small gap down opening.
Bank Nifty is bullishly aligned for the day and we have a strong support at Bullish Reversal Zone/ Expecting the market to be trading in a previous session range if PDH is not taken on the upside.
Buy Opportunity :
We have Buyers seated around Bullish Reversal Zone & at S1 Supports today. In case of any support confirmation around these levels we can expect Bank Nifty to rally to test sellers presence at PDH & Bearish Reversal Zone.
Any Breakout of R1 we can expect Higher targets as indicated by the indicator.
Sell Opportunity :
We have sellers presence around PDH & Bearish Reversal today and any rejection from these zones we can expect a pull back to PDH & then Bullish reversal respectively.
Bank Nifty Trade Setup for 04 JULY 2022Bank Nifty Trade Setup for 04 JULY 2022
Bank Nifty expected to open flat to small gap down opening.
Bank Nifty is bullishly aligned for the day and expect to trade in a range bound setup.
Sell Opportunity :
Any resistances from Bearish Reversal for PDH with sell triggers can opt for short opportunities with Possible targets of Bullish Reversal zone & then can trial for S1/PDL
Buy Opportunity :
In case if Bullish Reversal confirms any support by creating a buy trigger entry then we can expect possible upside target of PDH & then can trial for R1 / Bullish BO.
Bank Nifty Expiry trade setup for 30 Jun. Bank Nifty Expiry trade setup for 30 Jun. Bank Nifty likely to have a small gap down opening. Being 🐻 bearishly aligned I would be looking for sell opportunities more, any rejection from today's CPR or Bearish reversal is a sell opportunity and possibly expect to test S1 /bearish BO & then Target🎯 1/2 .
Bank Nifty Weekly Analysis for 27 JUN to 01 JUL 2022Bank Nifty Weekly Analysis for 27 JUN - 01 JUL 2022
Bank Nifty is bullishly aligned for the week.
First day of the week, we are expecting a gap up opening in bank Nifty around Bearish Reversal to R1 Resistance level (34100).
Buying Opportunity :
In case if R1 is taken on the upside and sustains we can expect Bank Nifty test out possible Target 1 & Target 2 for the week.
During the week in case we find Bank around CPR levels again , we can again look for Buying opportunity.
Selling Opportunity :
34100 level is the key level to watch out, any resistance at R1 or Bearish Reversal Zone getting compromised we can look for shorting opportunity till Weekly CPR.
In case if BN takes out R1 & tests out Target 1 & Target 2 and resistance confirmation at T1/T2 is formed we can short with tight SL and sit for target of Weekly R1.
Bank Nifty Trade Setup for 24 JUNE 2022Bank Nifty Trade Setup for 24 JUNE 2022
Bank Nifty is expected to open around Bearish Reversal Zone with Bullish alignment.
Long Opportunity :
In case if it sustains above Bearish Reversal zone & provides opportunity to enter long we can expect R1 & Bullish Break out as the first target.
In case Bullish Break out sustains we can expect Target 1 / Target 2 on upside today.
Short Opportunity :
In case Bullish BO provides resistance and R1 is compromised or R1 provides a resistance trigger we can expect Bank Nifty to again test Bullish Reversal Zone & then lower levels can be tested.
Bank Nifty - Intraday Levels for 21 Jun 2022Bank Nifty Trade Plan for Tomorrow...
Trend : Breakout Market
Sentiment : Positive
Expectation : Bearish
Bank Nifty formed Inside CPR for tomorrow which indicates Breakout opportunity. So we can expect breakout on either side if Nifty supports probably BN will go up.. If 32960 compromised we can expect BN to test 33300 levels.. incase 32410 compromised we can expect BN to test 32000.
Nifty expectation for upcoming sessions are 32400 & 32000 levels if Nifty Shows weakness...
Refer the chart for detailed Intraday Support and Resistance levels for Tomorrow.
Happy Trading!!
Bank Nifty - Intraday Levels for 20 Jun 2022Bank Nifty Trade Plan and Levels for Tomorrow..
Trend : BEARISH
Sentiment : Positive
We can expect small gap up open tomorrow and a pull back on the lower side.
If any support getting formed at R1, Bank Nifty will touch 33150 and possibly we can go short with confirmation.
You can refer the chart for Resistance and Support levels.
Happy Trading!!! :-)
Disclaimer : The idea is purely for Knowledge sharing purpose. Do your own analysis and consult your finance advisor before taking any trade. I'm not responsible for any of your profit / losses.
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BANK NIFTY FUTURES 20 JUNE 2022BANK NIFTY TODAY 17-06-22
Whole day Bank Nifty was stuck between my zone 32772-32662, it tried breaking it multiple times, but was in vain.
#POWER OF TECHNICAL ANALYSIS
BANK NIFTY ON MONDAY 20-06-22
This consolidation may break and bring it down towards 32000 very soon, after breaking the 32499-32335 zone, with a strong momentum candle.
Bank Nifty Fut Levels for 17 JUNE 2022BANK NIFTY TODAY 16-06-22
Started with gap up above my zone 33580-33499, Gave good oppurtunity to short with tiny SL.
Then went directly to 33222-33160 zone took a pause for 1.15 hours gave a good short entry again, broke support line of 33025 with momentum candle.
Reached the last zone of 32739-32630, which was in confluence with my down trending channel and finally ended just below the zone at 32573.
#POWER OF TECH ANALYSIS
BANK NIFTY TOMORROW 17-06-22
Kindly observe the price is now in a new down trending channel, trade only around the zones and channels at confirmation of price action.
BANK NIFTY analysis for expiry.Bank nifty likely to touch 33689.gap is there in between 33770 and 34365.
Bank nifty may not go beyond 34029.
after touching 33689 it may face selling .
Gap up likely to face selling.
nothing is there in stock market to rally.
if it rallies then we have to chalk out the structure again.
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Please go through my previous chart of bank nifty,reliance and other stocks.
Bank Nifty Trade setup for 16 JUNE 2022Bank Nifty Trade setup for 16 JUNE 2022
Expecting a gap up opening in Bank nifty around R1 resistance zones.
In case if it sustains above R1 then we can expect a possible up move towards PDL / Target 1 / Target 2.
Any breakdown of R1 we can possible expect to test CPR & PDC / PDL.
Expecting to be in a range bound today if R1 is compromised early.