Bank Nifty Trade Setup (09-June-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. t
As mentioned in June 7th Trade setup price is moving in Ascending triangle pattern and to it took support near trendline.
Trade setup for tomorrow:
As we know patterns can fail today price took support near ascending trendline
1.) If opens flat and doesn't hold this trendline will look for short for target of support (43840,43700 and 43650.
2.) If it takes support at trendline will look for buying for target of 44141,44231 and 44300 or PDH.
3.) No trades in gaps only after solid setup. as i loose most in gaps some find easy to trade gaps. but they doesn't suit me. so will wait for good setup is there will be,otherwise no trades.
Bankniftyintradaytradesetup
07/06/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning everyone,
According to the data today market is going to open Gap-Down
After A Gap-Down opening if Banknifty sustain Above 44500 and taking Support from 44500 then open target for T1-44600,T2-44700,T3-44800
If the Banknifty after a Gap-Down opening sustain Below 44000 and taking resistance below 44000 then the open Targets for T1-43800,T2-43700,T3-43600
Major Levels 44000,44300,44200
If the market stande in this area of 44500 to 40000, then it is possible that even today the market will remain in the range.
02/06/2023 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,T2-44600,T3-44800
If the Banknifty after a Gap-up opening sustain Below 44000 and taking resistance below 43800 then the open Targets for T1-43600,T2-43400,T3-43200
Major Levels 44000,43800,44200
6/01/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEAccording to the data, No bullish trend is going to come until the talk market breaks the level of 44500 and does not sustain above.
And if you seen, there is a big support zone of 43600, 43400 and 43800
From my point of view, banknifty is moving upwards from the close support of 43800, if today it breaks 44500, then a big bullish move can be seen in Banknifty.
If today doesn't break 44500 then market can stay in range
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 ANALYSIS FOR FRIDAY 12TH MAY FOR EDUCATION PURPOSEIf bank nifty sustain the level of 43500 and spend time, cross above 43600 then 43700-43800-43900
If bank nifty break down the support level of 43500 and spend time, cross down 43300 then bank nifty 43200-43100-43000
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.
BANKNIFTY ANALYSIS FOR 3RD MAY -FOR EDUCATION PURPOSE
If bank nifty sustain the level of 43200 then 43400-43500-43600-43700
If bank nifty break down the support level of 42900, then bank nifty 42700-42600-42500
TIME SPENDING IS CRUX OF MOMETUM.
America adage in Wall Street
Bull make money, Bear make Money, Pig get slaughtered(A retail investor)
Bank nifty level for the may month-for education purposeWe are not SEBI registered instructor. We are only stock market educator. Kindly take the trade with keeping your own risk and rewards and analysis. This analysis on for education purpose.
If bank nifty sustain the level of 43200 in coming week and on closing basis break out 42500 then in month level of 44150 the highest one can be achieved in our personnel view.
If bank nifty break down 42900 and sustain the level then it can go to level of 42500 in coming weeks.
BANKNIFTY-Look for sell at 43100-43250 Note :
fake breakouts may happens at this level, be careful at this level.
Buy plan:
if price breaks 43100 and pullback to 43000 levels then go for buying up to 43210,43300,43470.
Sell Plan: Look only for sell at these levels.
if 43000 breaks and observe a fake breakout and falls below to this level and again 43000 level acts as resistance go for selling targets are 42800,42700,42620.
we have Strong support at 42400-42350 levels.
Consolidation Levels : 43100-42800
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
BankNifty 24th April 2023 Monday Setup and Monthly ExpiryBuy Above 42381 (BANK NIFTY 42200 CE) Target 42471,42536,42603
Sell Below 41990 (BANK NIFTY 42100 PE) Target ,41875, 41658
RISK Takers Buy Above 42150 (BANK NIFTY 42000 CE) Target 42274,42381,42471,42536,42603
Risk Takers Sell Below 42286(BANK NIFTY 42100 PE) Target 42186,42056,41996,41875, 41658
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
2/03/2023 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 last day high 40730 and taking Support from 40730 then open target for T1-40700,T2-41100,T3-41200
If the Banknifty after a Gap-Down opening sustain Below 40500 and and taking resistance below 40500 then the open Targets for T1-40400,T2-40200,T3-40050
Major Levels 40700,40600,40500
Bank nifty lowerTF trading strategyNSE:BANKNIFTY : what explained here is a very short term trading strategy at lower time frame without using any indicator. It is very low risk high reward trading strategy.
Identify the trend in longer time frame, in this example its 1 hour and trend is bearish. Now switch to one minute time frame
1) - Identify equal highs, the area where price failed to move three or more times. Above the highs will be many buy stops of short sellers. Marked as 1
2) - Allow price to move above and grab all those buy stops. An up candle is followed by many negative candle. This confirms trend resumes to downwards after taking out those stops. Marked as 2
3) - Look for imbalance or FVG ( Fair value gaps) look at the inserted picture in the chart if you don't know what is FVG. Marked as 3 and insert 1.
4) - Place the stop above the FVG box. Marked as 4
5) - Take entry when price breaks below the FVG box. Marked as 5
6) - Profit booking at 15 Minutes TF FVG created on 23.02.23 12.30 pm. Marked as 6 and Insert 2
Will teach you on opposite side trade on another occasion.
Do your home work with older chart data until then.
Good Luck
24/02/2023 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 high 40146 and taking Support from 40146 then open target for T1-40397,T2-40769,T3-41015
If the Banknifty after a Gap-Up opening sustain Below 39800 and and taking resistance below 39800 then the open Targets for T1-39500,T2-39121,T3-38737
Major Levels 40000,40200,39900
NiftyBank Futures Key Trading Levels for 21st Feb 2023NiftyBank Futures Key Trading Levels for 21st Feb 2023
Keep Eye on Stop loss levels they will either work as Support/Resistance breakout or breakdown can give Explosive moves which are good level for Options Buying
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 view
Please consult your Financial Advisor before making any trading decision.