Bank Nifty Trade Setup for 04 MAY 2022Bank Nifty Trade Setup for 04 MAY 2022
Bank Nifty also closed on a positive note in the previous session and today expected to open flat.
The immediate support for BN is CPR. Any pull back to 35994 or 35900 levels wait for support confirmation and go long for a possible target of PDH & Bearish Reversal zone.
In case if R1 is taken out we can expect good move on the upside. Any resistance from R1 we can expect BN to be in a range.
I would prefer to go short if S1 support of 35776 is compromised for the lower targets.
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Bank Nifty Trade setup for 27 APR 2022Bank Nifty Trade setup for 27 APR 2022
Bank nifty closed around the key resistance of 36400 in the yesterday session.
As the global parameters turned negative overnight in the last trading session Bank nifty is likely to open gap down around 35900 levels.
Any resistance confirmation at these levels we can anticipate to test 35600 levels.
Any support confirmation around these we can expect first resistance at 36000 level and then 36200.
Bank Nifty Trade setup for 26 APR 2022Bank Nifty Trade setup for 26 APR 2022
Bank nifty closed on high note almost at day high.
Bank Nifty is likely to open around R1 resistance, if R1 resistance holds good we can again expect to test PDH . Any support confirmation around PDH or break out R1 we can go long with possible target of T1/T2.
BN is buy on dip today.
Bank Nifty trade setup for 25 APR 2022Bank Nifty trade setup for 25 APR 2022
Bank Nifty is likely to open around 35600/35500 levels.
The immediate support for this is 29 MAR Virgin CPR zones, the low of that is 35400. Hence we can expect some support around these levels and can expect a reversal.
In case if this this getting compromised we can expect Bank Nifty to test out 35000 where the next support is found.
We will initiate the trades based on the confirmation of support & resistance around these levels based on the indicator triggers.
Bank Nifty Trade Setup for 21 APR 2022Bank Nifty Trade Setup for 21 APR 2022
Bank Nifty forming a perfect inside candle trading between the yesterday range.
A very narrow CPR for tomorrow and can expect a break out.
Flat Opening:
In case of flat opening and in the first few minutes if CPR provides support we can expect BN to test R1. If R1 is taken out we can expect T1/T2 targets & higher.
Gap up Opening:
In case of gap up opening above R1, then we can wait for support confirmation at R1 and can go long for higher targets.
Any resistance from R1 we can expect BN to test CPR & bounce back.
Gap down opening:
In case of gap down opening below the CPR, wait for Bullish Reversal zone to provide support, if compromised we can expect PDL & lower targets.
Bank Nifty Trade Setup for 19 APR 2022Bank Nifty Trade Setup for 19 APR 2022
Expected Opening:
Bank Nifty likely to open with a small gap up opening around Bearish reversal zone of 36873.
The immediate resistance to watch is R1 & PDH. Any resistance to R1/PDH we can expect Bank nifty to be in range and will try to test the CPR for a support.
Any support confirmation at CPR is a good opportunity to go long on Bank Nifty with possible target of PDH. In case R1 & PDH is taken on the upside we can expect T1/T2 targets.
Any break down of CPR levels we can expect more selling pressure to test out PDL and lower targets.
36400 is a strong support for BN which it sustained in the previous session, which is the key level to watch out in today session.
Bank Nifty Trade Setup for 18 APR 2022Bank Nifty Trade Setup for 18 APR 2022
Bank Nifty is bearishly aligned in the post-market alignment with Possible target prediction Bearish Target 1 & Target 2.
Bank Nifty is expect to open with a gap down around 37100 to 37000 as of now.
37000 levels is a strong support Bank Nifty with also confluence with Virgin CPR Zone.
In case BN finds support around these we can go a quick long scalp with a target of S1 / Bearish Reversal Zone of 37303 support. In case if S1 support sustains on upside we can expect PDC as next upper target .
In case if Bearish Break out Target Zone is compromised and any resistance confirmed we can expect lower targets.
Bank nifty view for 18/04/22.Bank nifty has been trading in a wide price range .
Weekly analysis shows a touch at 0.382 fib level.
On 15 minutes time frame, the market has closed below its 20 and 200 ema.
Support :- 37344, 37000
Reistance :- 37580, 37800.
Market can break the levels and can be trending in the coming week.
Wait for the price action near the levels before entering any trade.
Bank nifty view for 13/04/22.Bank nifty as predicted trade in the range and blasted in the second half taking resistance from the levels.
Nifty was weak as compare to Banknifty.
Support:- 37588, 37375
Resistance:- 37940, 38150
Wait for the price action near the levels.
Tomorrow is expiry and market can be trending.
Big move expected.
BANK NIFTY 08-04-2022BANK NIFTY 08-04-2022
INTRADAY RANGE 38200 - 37350
As per global market BANK nifty opening seems to be flat
its good to be open flat we may see a big movement either side if opens flat and CPR is NARROW
BUY 5 MIN close crossed above 37850 with sl 15 min closed below 37650 for tgt of 38180 - 38350 - 38600 - 38900 - 39888 - 40250 - 41000
SELL 5 min candle crossed below 37650 with sl 15 min closed above 37850 for tgt of 37380 - 37070 - 36700
we prefer buy side sell side don't go for big tgt
BANK NIFTY 07-04-2022BANK NIFTY 07-04-2022
INTRADAY RANGE 38036-37536
As compare to nifty bank nifty not done its correction
today is expiry so we can expect to posibilities
1). open gap down and goes down and take support at lower trendline
2). open in intraday range and move only in intraday range today to done its healthy correction
best to avoid trade in bank nifty if open in intraday range till 12.30 pm
if open gap down think for buy near our lower levels
Bank Nifty Trade Setup for 07 APR 2022Bank Nifty Trade Setup for 07 APR 2022
Bank Nifty expected to open gap down around PDL.
The immediate resistance would be PDL & PDC. In case of resistance from PDL we can expect some good move to S1 & Bearish Breakout.
Failure to sustain above Bearish Break out we can expect Target 1 & Target 2. In case T2 is taken down early then we can expect to test 4 APR virgin CPR zone.
Bank Nifty Trade Setup for 06 APR 2022Bank Nifty Trade Setup for 06 APR 2022
Global markets shows weakness today. Bank Nifty likely to open around S1 support levels.
Previous day low should act as first resistance & if Bearish Break out its Compromised we can expect possible Target 1 & Target 2 and may be Virgin CPR of 04 APR should act as a possible support to bounce back.
We can look for fresh buying opportunity at earlier Virgin CPR rejection or above CPR.
BANK NIFTY 04-04-2022BANK NIFTY 04-04-2022
INTRADAY RANGE 37705-36336
MARKET IS BULLISH AS PER
1). DAILY CPR
2). WEEKLY CPR
3). RSI DAILY
4). RSI WEEKLY
MARKET IS BEARISH AS PER
1). MONTHLY CPR
2). MONTHLY RSI
3). INTRADAY RSI
BANK NIFTY IS CURRENTLY in Previous month naked cpr also intraday rsi and moving averages shows one correction is needed but as we say trend is our friend
Now today we can expect a side ways to up trend market.
so we go for buying opportunities
when to buy
1). when price break down CURRENT DAY CPR and again comes up with sl 15 min close below CURRENT DAY CPR tgt 37470-37700
2). when price break 36335 and comes up above it with sl last swing low below 36335 tgt 37070-37250-37470-37700
3). when market opens GAP DOWN and then crossed above previous day high with sl day low tgt 37470-37700
when to sell
above mention tgt are selling entries if price crossed above this tgt and again comes below this level sell with strict sl 15 min close above this levels
today expectation : sideways to up trend
Bank nifty view for 01/04/2022Bank nifty is trading in a parallel channel. It consolidated while day in a narrow range and closed below its 20EMA.
The current close is between its 2 moving averages i.e. 20 and 50.
Support :- 36200, 36075, 35950
Resistance:- 36380, 36500, 36600
Nifty looks bearish and bank nifty too can break the channel and travel below its moving averages.
Wait and watch price action near the levels.
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BankNifty is making Lower low but Fail to making Heigher low , its showing weekness in BankNifty maximun chanses of nifty tommrow towards downside
Trade As per Chart , Stoploss As per Chart , Profit Booking As per Chart if you want to know this in details search in GOOGLE Trading with Manoj Shinde 27485 .
This is only for Edjucational purpoes
Bank Nifty in Bullish ModeBank Nifty was in down trend since OCT 20 and now reversed the trend since MAR 16, you can clearly see Bank Nifty taking support at middle line of previous downward channel and continue its uptrend.
This is for education purpose only and my own setup. Use this channels and levels along with RSI on 1 hour time frame to take swing trades.
Bank Nifty Level Upadate for Trading | END OF DAY CHART ANALYSIS Bank Nifty Level Upadate for Trading | END OF DAY CHART ANALYSIS
Nifty and Banknifty Both are not in Trend - Sidewise Trend
For Trading Wait For Breakout
For Daily Nifty and Banknifty Levels Upadate Search In Google - Trading With Manoj Shinde
Bank NIfty:15 days time cycleBank nifty is following 15 days time cycle since Nov.2020, meaning every 15-16 days bank nifty forms important pivot low post which we can see rally.
Yesterday we had 15 day cycle low day,post which we are seeing rally meaning cycle is still active and has capture past 3 lows perfeactly. Going ahead we can see this rally to continue and for short term 32155 can act as important pivot support for bulls.As we also have morning star pattern formation on daily chart.
Focus should be to buy on dip's(around 33200-300) with a stop-loss of 32155 on the lower side and target can be 35500-35600.
Disclaimer:This are just my views posting for my future reference.No trades should be taken on its basis.
Bank Nifty Trade Setup for 16 MARCH 2022Bank Nifty too bounced back from key support of 34800 during the close and managed to close below the next day CPR levels.
We have an inside CPR setup in BN where in we can expect some good movements tomorrow.
As of now the global parameters are hinting a possible gap up opening in Bank Nifty around R1 resistance.
If Previous day high is taken on the upside and sustains we can possibly look for long opportunity for higher targets.
In case of R1 is compromised on lower side and resistance confirmed we can possibly short BN for CPR & previous day close.
Any compromise of PDC we can expect lower targets.