Bank Nifty Trade Setup (31-May-2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
Today was range bound day also but at last one hour there was good move once it broke the descending triangle giving 100 points move (Which i missed 😂 )
BNF Must break this Resistance to move higher although its good it's holding support and didn't went yesterday's low so making good foundation as to build good home good foundations are must. BNF Consolidated for 800 points before and broke that which became flip zone and now that zone is working as BNF Foundation to rise higher and with gap up it's still holding that gap good.
So tomorrow's also monthly close and volume is rising in both indices which is good thing so expecting move higher tomorrow. (Just Hope no gap up)
Trade setup for tomorrow :
1.) If opens flat and breaks today 15 min TF closing candle above today's high i will long for target of 446000. if it doesn't hold today's high then will look for short for target of today's low. ( trading in parallel channel again)
2.) if opens gap up then will look rejections from 44600 level for target of today's high. ( If it doesn't hold near gap up) also if there is gap up will trade only after price action is formed.
3.) If opens gap down then will look for support near PDL for target of Today's High. if it doesn't hold support near PDL then will short for target of 44150 (flip zone )
Hit like to keep me motivated for keeping my trading journal as it only take less then few seconds to hit like but it gives me motivation for preparing for my session. Also one can comment on how I can make this trade journal better any improvements I need in it :) .
Bankniftyintraday
30/05/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONE
Hello Guys,
Good Morning everyone,
According to the data today market is going to open Flat
After A Flat opening if Banknifty sustain Above 44500 and taking Support from 44500 then open target for T1-44700,T2-44900,T3-45000
If the Banknifty after a Flat opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43900,T2-43800,T3-43700
Major Levels 44000,44200,44500
If the market remains in the range of 44000 to 44500, then it is possible that even today the market will remain in the range.
29/05/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Up
After A Gap-Up opening if Banknifty sustain Above 44200 and taking Support from 44200 then open target for T1-44400,T2-44500,T3-44600
If the Banknifty after a Gap-Up opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43900,T2-43800,T3-43700
Major Levels 44000,44200,43500
BANKNIFTY ANALYSIS FOR MONDAY 29TH MAY- FOR EDUCATION PURPOSEIf bank nifty sustain the level of 44050 and spend time and break 44150, then 44200-44250-44300
If bank nifty break down of 44050 spend time and break down 43950, then bank nifty 43850-43750-43650
This video is for educational purpose and my personal view .
Kindly take the trade according to your risk and reward position and consulting your advisor.
We are not SEBI registered advisor. We only share our practical experience as trader.
BANKNIFTY ANALYSIS FOR 26TH MAY - FOR EDUCATION PURPOSEIf bank nifty sustain the level of 43650 and spend time and break 43750, then 43850-43950-44050
If bank nifty break down of 43650 spend time and break down 43550, then bank nifty 43450-43350-43250
This video is for educational purpose and my personal view .
Kindly take the trade according to your risk and reward position and consulting your advisor.
24/05/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above 44100 and taking Support from 44100 then open target for T1-44300,T2-44400,T3-44500
If the Banknifty after a Gap-Down opening sustain Below 43700 and taking resistance below 43700 then the open Targets for T1-43500,T2-43200,T3-43000
If the market remains in the range of 43800 to 44100, then it is possible that even today the market will remain in the range.
Major Levels 44000,43800,43500
18/05/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 44000 last day high above and taking Support from 44000 then open target for T1-44400,T2-44400,T3-44500
If the Banknifty after a Gap-Up opening sustain Below 43800 and taking resistance below 43800 then the open Targets for T1-43700,T2-43600,T3-43500
Major Levels 44000,43800,43500
BANKNIFTY ANLALYSIS FOR WEDNESDAY 17TH MAY FOR EDUCATION PURPOSE
If bank nifty sustain the level of 43900 and spend time, then 44000-44100-44150-44200-44250
If bank nifty break down the support level of 43900and spend time, cross down 43700 then bank nifty 43600-43500-43400
This video is for educational purpose and my personal view .
Kindly take the trade according to your risk and reward position and consulting your advisor.
16/05/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market flat is going to open
After A flat opening if Banknifty sustain Above 442000 last day high above and taking Support from 44200 then open target for T1-44300,T2-44400,T3-44600
If the Banknifty after a flat opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43800,T2-43600,T3-43500
Major Levels 44000,44200,43500
03-May-23 Bank Nifty Analysis03-May-23
Expecting a very short range. Will look for short at resistance and buy at support
If open is between 43430-43305 then wait for price action to take place
If the open is above 43430 look for short from the resistance
If the open is below 43305 look for long from support
02/05/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above 43300 and taking Support from 43300 then open target for T1-43400,T2-43500,T3-43700
If the Banknifty after a Gap-Down opening sustain Below 42800 and taking resistance below 42800 then the open Targets for T1-42700,T2-42600,T3-42400
Major Levels 43000,43100,43200
28/04/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 43000 and taking Support from 43000 then open target for T1-43100,T2-43200,T3-43400
If the Banknifty after a Gap-Up opening sustain Below 42800 and taking resistance below 42800 then the open Targets for T1-42700,T2-42600,T3-42500
Major Levels 43000,42800,42500
27/04/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 43000 and taking Support from 43000 then open target for T1-43100,T2-43200,T3-43300
If the Banknifty after a Gap-Up opening sustain Below 42600 and taking resistance below 42600 then the open Targets for T1-42500,T2-42400,T3-42300
Major Levels 43000,42700,42500
25/04/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 42700 and taking Support from 42700 then open target for T1-42900,T2-43000,T3-43200
If the Banknifty after a Gap-Up opening sustain Below 42500 and taking resistance below 42500 then the open Targets for T1-42300,T2-42200,T3-42000
Major Levels 42500,42600,42700
21/04/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Flat is going to open
After A Flat opening if Banknifty sustain Above 42300 and taking Support from 42300 then open target for T1-42350,T2-42400,T3-42500
If the Banknifty after a Flat opening sustain Below 42000 and taking resistance below 42000 then the open Targets for T1-41800,T2-41600,T3-41400
Major Levels 42100,42200,42300
BankNifty - 20-Apr-23Tomorrow is expiry so trade carefully.
If open between 42268 and 42090 then no quick trades wait for proper price action breakout or breakdown. Safe traders stay away because of expiry.
If open below 42091
Buy Possibilities
Buy around 42020 with sl of 100 points for 42260 Target
Sell Possibilities
If open between 42091 and 41880 then wait for retracement till 42260 then sell with 100 points sl for 41880 target
Banknifty 21-Apr-23 PredictionI'm expecting a bullish trend for tomorrow. If only it satisfies below criteria
Open above 42317 and wait for retracement till 42170 and can take a long position with 50 points sl for 42500 as a target.
If open below 42170 then wait for 42043 and take a long position with 100 points sl for 42400-42500 as the target
1. 42170 -> 42400 -> 42500
2. 42043 -> 42300 -> 42400 -> 42500
Note: I'm not SEBI Registered. The analysis here is just for educational purposes.
20/04/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Up is going to open
After A Gap-Up opening if Banknifty sustain Above 42230 and taking Support from 42230 then open target for T1-42350,T2-42500,T3-42600
If the Banknifty after a Gap-Up opening sustain Below 42000 and taking resistance below 42000 then the open Targets for T1-41800,T2-41600,T3-41400
Major Levels 42100,42000,42200
Banknifty - 19 Apr- 23Buy Possibilities
If opens between 42596 and 42409 then wait for
Buy around 42200 with 50 points sl for 42500 target
Sell Possibilities
If opens between 42200 and 42017 then wait for
short around 42400 with 50 points sl for 42020 target
If open is between 42410 and 42197
then wait for price action breakout or breakdown
Banknifty 18-Apr-23 Analysis18-Apr-23
Expecting a range bound day,
If opens gapup but below 42518 then look for short
if opens gapup down but above 41593 then look for long
Sell - 42368 -> 42036
Buy - 41593 -> 42036
If opens above 42518 then wait for it to breakdown the level for a shorting opportunity. In any other case no trade day in bank nifty.
17/04/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market Gap-Down is going to open
After A Gap-Down opening if Banknifty sustain Above 42000 and taking Support from 42000 then open target for T1-42200,T2-42400,T3-42600
If the Banknifty after a Gap-Down opening sustain Below 41700 and taking resistance below 41700 then the open Targets for T1-41600,T2-41300,T3-41000
Major Levels 42200,41600,41700