BANKNIFTY Intraday Trade Setup For 17 May 2024 Bullish- Above 48070 Invalid-Below 47960 T- 48665 Buy_2- From 47650 Invalid- Below 47540 T- 48100+ BANKNIFTY has closed on a bullish note with 0.61% gain today. It was just too volatile the whole day. Twice it got sold into with a deep pullback. Index gave a sharp recovery and closed near day high. It has formed a...
NIFTY Intraday Trade Setup For 17 May 2024 Bullish-Above 22450 Invalid-Below 22400 T- 22675 N-ATH Bearish- Below 22240 Invalid-Above 22290 T- 22050 21800 NIFTY has closed on a bold bullish note with 0.92% gain today. It was moving randomly but last leg move established and closed on a bold bullish note. Index has formed a long wick rejection candle like 13 May....
BANKNIFTY Intraday Trade Setup For 16 May 2024 Bullish-Above 47970 Invalid-Below 47860 T- 48510 Bearish-Below 47500 Invalid-Above 47610 T- 46950 BANKNIFTY has closed on a bearish note with 0.36% cut today. Since last 2 sessions index has stuck between 48000 and 47500. As per discussed analysis in the weekend we discussed the possibility of halt of the downtrend...
NIFTY Intraday Trade Setup For 16 May 2024 Bullish-Above 22300 Invalid-Below 22250 T- 22478 22675 Bearish-Below 22150 Invalid-Above 22200 T- 21965 21800 NIFTY has closed on an absolute flat note today. Since last two days index was strongly bullish. And as per simple market phases, index turns sideways after a parabolic move so has happened today. Index traded...
BANKNIFTY Intraday Trade Setup For 15 May 2024 Bullish-Above 47950 Invalid-Below 47840 T- 48511 49050 Bearish-Below 47600 Invalid-Above 47710 T- 47000 BANKNIFTY has closed on a slight bullish note with 0.22% gain today. It was total consolidation day, index traded between 47900 and 47600 for the whole day. Nothing triggered as per trade setup today. It has...
NIFTY Intraday Trade Setup For 15 May 2024 Bullish-Above 22280 Invalid-Below 22230 T- 22500 Bearish-Below 22080 Invalid-Above 22130 T- 21800 NIFTY has closed on a bullish note with 0.51% gain today. Unlike BANKNIFTY it was trendy after 11 o'clock. Buy triggered as per trade setup above 22150 and gave a move till 22270, however target was not achieved. On a flat...
BANKNIFTY Intraday Trade Setup For 14 May 2024 Bullish-Above 47850 Invalid-Below 47740 T- 48480 Bearish-Below 47200 Invalid-Above 47310 T- 46650 BANKNIFTY has closed on a bullish note with 0.74% gain today. Index respected the lower trendline support of the channel pattern it is following. In the weekend also we discussed that there is a possibility of halt or...
NIFTY Intraday Trade Setup For 14 May 2024 Bullish-Above 22150 Invalid-Below 22100 T- 22430 Bearish-Below 21820 Invalid-Above 21870 T- 21600 NIFTY has closed on a positive note with 0.22% gain today. Index respected the lower trendline of the channel being followed in daily TF. Index has formed a Pinbar candle which indicates a potential reversal in the short...
BANKNIFTY Intraday Trade Setup For 13 May 2024 Bullish-Above 47800 Invalid-Below 47690 T- 48400 Bearish-Below 47300 Invalid-Above 47410 T- 46737 46090 BANKNIFTY has closed on a bold bearish note with 3% cut last week. In the last weekend we discussed that despite it closed with 1.5% gain there is a selling pressure from higher levels. Index is overall sell on...
NIFTY Intraday Trade Setup For 13 May 2024 Bullish-Above 22150 Invalid-Below 22100 T- 22235 Bearish-Below 21930 Invalid-Above 21980 T- 21680 NIFTY has closed on a bearish note last week with 1.87% cut last. Last week we discussed that there is a possibility of short term downside move below 2nd leg Shooting Star's low- 22340. Index triggered the short trade and...
BANKNIFTY Intraday Trade Setup For 9 May 2024 Bullish-Above 48250 Invalid-Below 48140 T- 48750 Bearish-Below 47850 Invalid-Above 47960 T- 47200 BANKNIFTY has closed on a bearish note once again with 0.55% cut today. It opened below our sell level and respected the same however overall it was sideways with injections. It has formed a spinning top candle in daily...
NIFTY Intraday Trade Setup For 9 May 2024 Bullish-Above 22370 Invalid-Below 22320 T- 22605 Bearish-Below 22170 Invalid-Above 22220 T- 22000 NIFTY has closed on an absolute flat note today. Yesterday we discussed that index has reached 50 EMA and there is a chance of respect. Tomorrow after a flat opening if index sustains today's high then there can be 0.618 %...
BANKNIFTY Intraday Trade Setup For 8 May 2024 Sell_1- From 48750 Invalid-Above 48860 T- 48445 Sell_2- Below 48200 Invalid-Above 48310 T- 47630 47200 BANKNIFTY has closed on a bearish note with 1.25% cut today. Sell triggered as per trade setup below 48650 and almost hit 1st target 48200. BANKNIFTY seems to be falling in a parallel channel. Breakout will bring...
NIFTY Intraday Trade Setup For 8 May 2024 Buy-Above 22350 Invalid-Below 22300 T- 22590 Bearish-Below 22230 Invalid-Above 22280 T- 22000 21800 NIFTY has closed on a bearish note with 0.62% cut today. Sell triggered below 22350 and gave a good move till 22335. Index held 50 EMA in daily TF. In case 50 EMA is respected then 22350 will be a bullish reversal level....
BANKNIFTY Intraday Trade Setup For 7 May 2024 Bullish-Above 49260 Invalid-Below 49150 T- 49735 Bearish-Below 48650 Invalid-Above 48760 T- 48145 47650 BANKNIFTY has closed on a flat note today. In the weekend half bat was plotted near 49200 and it gave a pullback till PRZ via gap up and respected that. It traded between yesterday's range and formed an inside...
NIFTY Intraday Trade Setup For 7 May 2024 Buy-Above 22600 Invalid-Below 22550 T- 22810 Bearish-Below 22340 Invalid-Above 22390 T- 22100 21885 NIFTY has closed on a slight bearish note with 0.15% cut today. It gaped up and did not trigger any trade levels. Infact it traded between previous day's range. Tomorrow if it opens flat and 22340 is sustained then we...
BANKNIFTY Intraday Trade Setup For 6 May 2024 Bullish-Above 49200 Invalid-Below 49090 T- 49725 Bearish-Below 48650 Invalid-Above 48760 T- 48100 47550 BANKNIFTY has closed with 1.5% gain last week, however both side moves were seen. Index has taken stiff resistance from psychological level 50k and corrected till previous hourly level 48700. Now possibility is...
NIFTY Intraday Trade Setup For 6 May 2024 Sell_1- From 22650 Invalid-Above 22700 T- 22500 Sell_2- Below 22340 Invalid-Above 22390 T- 22110 21886 NIFTY has closed on a bearish note last week as Friday it ended on a bearish note and closed the week near lows. Last week we discussed that index broad range is 22800 and 21700 and still this weekly range is intact....