Banknifty Intraday Chart For 20/04/22On 15 min chart
Resistance - 36450
Support - 36200 followed by 36000
Trade this range breakout.
Bankniftyintraday
Banknifty important levels Important support 37400
Resistance 38500.
1200 points target after this range breakout either side.
Banknifty Setup For Monday 28-03-22Intraday support 35400,
Intraday resistance 35700.
150 to 200 points target after breaking this range (35400 - 35700)
Further levels are mentioned in the chart.
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Banknifty 38000Banknifty has crossed it's immediate resistance on daily chart which was placed at 37000.
Let it close above 37000
Target 38000, 38500, 39000
Banknifty levels for FridayBanknifty intraday levels.
On daily basis closing above 368800 will take it up to 38000.
Banknifty bull flag breakout for WednesdyOn hourly time frame banknifty has given bull flag breakout.
This is bullish pattern breakout and we can see higher level in the index near future.
A day closing above 36000 will take banknifty till 36800.
Banknifty Setup For Tuesday 29/03/2022During the session banknifty made strong come back from bottom and closed above morning high.
On the daily time frame the index made a hammer candle which is bullish sigh.
Banknifty components are doing great and strong traction is visible.
Trading setup
Buy above 35770
Target 1 - 35900
Target 2 - 36030
Target 3 - 36160
Sell below 35470
Target 1 - 35350
Target 2 - 35210
Target 3 - 35030
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Banknifty setup for Wednesday 23-03-22During the day we have seen 900 points recovery from bottom and 348 points above closing from previous closing.
This sharp rally is a sign of strength
Trading setup
Buy above 36660
target 1 - 36820
Target 2 - 36950
Sell below 36300
Target 1 - 36180
target 2 - 36040
BANKNIFTY : Analysis for 22nd MarBANKNIFTY
Traded exactly based on Level shared yesterday.
Levels for tomorrow give on the chart. Trade based on tomorrows opening.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Banknifty target 1 done wait for target 2 Yesterday I shared a banknifty setup
Today banknifty met target 1 and heading towards target 2.
Banknifty rocket analysis fr 09-02-2022After 3 day's falling in a row banknifty closed on a good note.
The closing is above than previous day closing and on daily chart made a hammer candle.
This candle formation near support line is a signal that bulls are waking up.
We can expect 38600 to 39120 level near future.
Of the flip side 37300 is support.
BANKNIFTY INTRADAY 7 feb 2022Massive PE writing at 38500 levels , SBIN result will impact the move up or down
probability of moving up is more
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Banknifty resistance 38800After strong recovery Yesterday banknifty heading towards 38800.
Small resistance at 38500.
NiftyBank Futures Key Trading levels for 25th Jan 2022NiftyBank Futures Key Trading levels for 25th Jan 2022
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Banknifty expiry setup for 20/01/2022Banknifty managed to closed above 38000. we have seen some profit book in last 2 trading sessions.
Despite HDFC bank good nods banknifty didn't fly higher.
We can expect a sharp up move above 38550.
Trading setup for expiry
BUy banknifty avoe 38230
Target 38350, 38470
Breaking above 38500 target will e 38880.
On the flip side 38000 will act as support for expiry
Breaking below 37950 will trigger intraday selling pressure and that will take banknifty up to 37550.
Banknifty analysis for 18/01/2022On daily chart banknifty is range bound from 38000 to 38800.
Trade this breakout buy above 38800
Target 39200
Sell below 38000
Target 37500, 37000.
For conformation let banknifty close out of this range.
Banknifty setup for expiry 13/01/2022On 12th January Banknifty open gap up and and traded within a range.
39000 is a strong resistance that need to breakout and banknifty have to sustain above the level for further up move.
Expiry setup
Buy above 38850
Target 38970
Sell side there is no proper price action but one can sell below 38600 for the target of 38400.
Below 38400 banknifty can correct more.
As you can see bullish flag pattern in the chart you can play buy move above 38850.
BANKNIFTY INTRADAY 110120221. Recovery is inevitable
2. Sudden recovery is not healthy , it will fall back to 37500 levels
3. since last 4 weeks it shot up 4000 points , replacement is pending
4. FED data is pending from US will have impact on the Bank Nifty ..
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are we still in range..?as we can see ourselves in the range. will be waiting for some chart patterns before taking any actions.
BANKNIFTY INTRADAY 070120221. Observe the levels as per the chart ,
2. Banknifty lot of selling by the FIIS , BNF will fall back to the major support level
3. Action line drawn in Yellow shade
4. No trending move unless Sellig is done by FII in Private banks , as discussed earlier the Banks are trading at the upper zone .
5. BNF will fall at lower levels ad rise .
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BANKNIFTY INTRADAY 060120221. Considering the previous rejections on Daily TF , Its expected to reerse till he Target and Will bounce back
2. Buy in every dip
3. Pvt Bank is supporting the movement , ICICC Bank and KOtak Bank are in good bull run now
4. PSU bank lacking the Momentum
Keep the Strict Stop loss and trade as per the targets
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BANKNIFTY Intraday Analysis 31122021 HAPPY NEW YEAR1. Strong Resistance at 35400 and suport at 34900
2. Lot of POut and call writings done at these levels
3. If Gap down opens will follow Targets as shown adn Banking sector us is wekk will follow Target 2 and 3 in coming days
4. There is Hughe Demand at Green Boxes will not take BNF down from those levels Unless some Omicron Cases start rising in India
5. India Records 13000 Cases today and is 10% more than previous day , 16 Lakh cases all over the world , 4 lkh in USA highest at the peak , avg 7 dasy cases is around 8 lakh which is higher than last 10 days , Hospital rates % is reducing considering more mutation which are less severe
6. Lockdown May start sector which may be rising and leading In ESG is IT and Pharma is moving from Laggered to Improving , will analyse both in next few days , You can refer previous analysis in link provided
7. India may realise more cases in coming January first half
8. For intradayBank nifty consider the levels and Trade accordingly .
BANKNIFTY INTRADAY 28.12.20211. Lot of Put writer at 35000 , 34500 and 34000 . as compared to call writers , CE writer at 36000 and 35400 , whic will be difficult to break .
2. It will be range bound in this Expiry month 34500 to 35500 .
3. Observe the targets and the Levels indicated , for support and resistances .
4. Trade in Lower time frame like 3 Mnts and look for Confirmation candles
5. View should be based on 5 Mnts/15 Mts time frame
6. It will Gap up around 100 points
7. Trade as per levels shared with strict stoploss .
8. Like if you agree with the levels
