Tradershedge
Bank Nifty trade setup for 06 Aug 2021Bank Nifty trade setup for 06 Aug 2021
Bank Nifty looking slightly bearish
If 35960 founds a support we can go long and sit for breakout 36084 and if that is sustained we can expect Target 1 & Target2.
If 35710 gets compromised we can expect BN to test out lower targets and even Previous virgin CPR levels can also be tested out.
Nifty Trade setup for 06 Aug 2021Nifty Trade setup for 06 Aug 2021
Expect a flattish to small gap up opening in Nifty.
In case the CPR or Bullish reversal zones holds good on opening we can expect Nifty to test our
Bearish reversal zone of 16332 & if that is taken out we can expect 16371 & higher.
If Bearish breakout below 16218 we can expect the lower targets and the gap might be filled out.
Bank Nifty Trade Plan for 16 June 2021Bank Nifty Trade Plan for 16 June 2021
Today's Trade Setup :
Global clues looks little weak.
Expected Bank Nifty to open slightly gap down.
If Bank Nifty opens gap down, then 35134 & 35040 is the key support and immediate resistance is 35212.
If Bank Nifty finds some support around 35040 it might test out 35212.
If 35040 is taken out it might go to test the virgin CPR zone around 34860 levels.
On the upside previous session high will be the target if 35212 is taken out.
Nifty Trade Plan for 16 June 2021Nifty Trade Plan for 16 June 2021
Today's Trade Setup :
Global clues looks little weak.
Expected Nifty to open slightly gap down.
If Nifty opens gap down, then 15870 holds the key resistance and 15835 a strong support to watch.
If 15835 is taken out we can expect Nifty to fill the previous gap and test out 15780 & lower.
In case if 15870 is taken on the upside we can expect it to retest 15900 again.
Bank Nifty Trade Plan for 11 June 2021Bank Nifty Trade Plan for 11 June 2021
How chart looks on HTF :
Bank Nifty formed a good bullish candle on daily time frame and managed to close above 35100 levels
Expected Opening :
Expecting a flattish to small gap up opening in Bank Nifty.
Today's Trade Setup :
Bank Nifty looks bullish and managed to close above next day CPR.
If flat or gap up opening, Watch out for break out above 35163 and if support confirmed do go long with 35050 as stop loss and sit for target of 35400 levels.
If gap down or markets finds 35000 as resistance then we can expect it to test 35800 again. But would prefer going short if 35900 is taken on the lower side below the weekly support.
Nifty Trade Plan for 11 June 2021Nifty Trade Plan for 11 June 2021
How chart looks on HTF :
Nifty formed a good bullish candle on daily time frame taking good support from monthly support zone
Expected Opening :
Expecting a flattish to small gap up opening in Nifty.
Today's Trade Setup :
Nifty looks bullish and managed to close above next day CPR.
If flat or gap up opening, watch out for first resistance around 15751 and if that is taken out we can trade long for 15800 & higher.
If gap down opening, will wait for 15700 to be taken out on the lower side and might try for shorting opportunity till 15634 levels & lower.
Bank Nifty Trade Plan for 10 June 2021 - Expiry Day trade setupBank Nifty Trade Plan for 10 June 2021
How chart looks on HTF :
Bank Nifty formed a bearish candle on daily time frame and manage to take support at previous support of 34600 levels.
Expected Opening :
Expecting a flattish opening in Bank Nifty
Today's Trade Setup :
Bank Nifty is weak compared to Nifty and expecting a flattish open.
If opening range of 34800 sustains on opening then we can expect Bank Nifty to test out the previous weekly resistance of 34930 and next crucial resistance of 35066.
If any rejection from 35066 we can expect it to again test the lower supports of 34800 & 34640 & lower.
Expect Range for Bank Nifty is 35066 to 34400
Being expiry market to be very choppy and look out for premium decay, watch out for your entry timings.
Nifty Trade Plan for 10 June 2021 - Expiry Day setupNifty Trade Plan for 10 June 2021
How chart looks on HTF :
Nifty formed a bearish candle and managed to close just on the monthly opening price as support.
Expected Opening :
Expecting a flattish to small gap up opening in Nifty.
Today's Trade Setup :
Monthly Support (Purple dotted line) is a good support that was sustained in yesterday's session.
Expecting Nifty to open flat to small gap up.
In case Nifty opens flat, 15635 is the key support to watch out. Incase that holds good on opening then we can expect first resistance at 15696 and then we can expect it test weekly resistance at 15731 and
previous day high of 15800
In case if Nifty opens flat at 15635 and taken on lower side , look for the first support at monthly support of 15560 and if that is compromised you can look for 15432 next support.
Expect Range for Nifty is 15800 to 15462
Being expiry market to be very choppy and look out for premium decay, watch out for your entry timings.
Nifty Trade setup for 05 Feb 2021Again FII have invested yesterday and previous session closing looks bullish. Nifty respected our levels and showed good signs of up move and our final target of 15163 levels looks very promising.
Expect Nifty to have a gap up opening achieving new high and physological target of 15k and once that is done we can expect a small pull back to 14940/ 14868 levels. Find opportunities for quick scalps around the marked zones and trade on confirmation.
Happy Trading!
Bank Nifty trade setup for 05 Feb 2020Again FII have invested yesterday and previous session closing looks bullish. Bank Nifty respected our levels and showed good signs of up move and our final target of 36k levels looks very promising.
Expect bank nifty to open flat to small gap up, hence we will wait for a small pull back and get confirmation around 35413 & 34702 for a long opportunity and sit for possible up target zones marked.
Happy Trading!
CANARA BANK Swing tradeZones for entry are marked on the chart.
The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert.
You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive zones as expected targets in the direction of the trend.
Happy Trading !
PNB Swing Trade OpportunityPNB Swing Trade Opportunity
The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert.
You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive zones as expected targets in the direction of the trend.
Happy Trading !
Nifty & Bank Nifty - Opening Trade Ideas for 12 Jan 2020Nifty & Bank Nifty - Opening Trade Ideas for 12 Jan 2020
The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert.
You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive zones as expected targets in the direction of the trend.
Happy Trading !
Indicator used : tradershedge
BANK NIFTY Trade setup for 12 Jan 2021BANK NIFTY Trade setup for 12 Jan 2021
The predicted buy & sell zones plotted are an approximation and for accurate levels use the indicator (tradershedge) which updates the levels on real time and also triggers an alert.
You can make entry decision once you get a confirmation at the respective marked zones and opt for the next successive zones as expected targets in the direction of the trend.
Happy Trading !
Indicator used : tradershedge