Bankniftylevels
BankNifty Intraday Trade Setup for 20th May 22 (Trading Idea)After a vast Gap Up, we have seen some strong buying happening and the market is moving towards the upside, how long will this continue? so what should be our trade plan for the day? The chances of delta moves is very high.
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The chart is for study purposes only!!
NSE:BANKNIFTY
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Bank Nifty Analysis/Prediction for Expiry Day 19-05-2022 (Wed)NSE:BANKNIFTY
For flat Opening
🟢 Buy CE, if price closes above 34410
👉 Target Should be 34700
🔴 Buy PE, if price closes below 33970
👉 Target Should be 33530
For Gap-Up Strategy (Below 34350)
🟢 Buy CE, Near 34200
👉 Target Should be 34700
🔴 Buy PE, if price closes below 33970
👉 Target Should be 33330
For Gap-Down Strategy (Below 34000)
🟢 Avoid CE
🔴 Buy PE, Near 34000
👉 Target Should be 33520
Banknifty all the important levels to mint money 18-05-2022Banknifty can touch 35000 near future as long as 34000 is holding.
at 35000 we may see profit booking and banknifty can consolidate near the same level
One day closing above 35000 will trigger buy button and target will be 36000
On the flip side if didn't manage to cross above 35000 it may reach 34000 again when it will find support.
Up side range
Above 35000 target 36000
Above 36000 target 37700
Above 37800 target 37312
Down side range
Below 35000 closing target 34000
Below 34000 target 33300
This is master chart for banknifty and will be valid for this week.
Banknifty buy above trend line resistanceOn 15 min chart banknifty is rejecting from trend line resistance.
Breaking above the trend line will attract buying and potential target will be 35000 followed by 35550.
Closing below 34000 will change the sentiments and we can see more pain on the down side.
Key levels for Bank NiftyHere, I have provided key levels for Bank Nifty. These can act as support or resistance. Since we have volatility contraction (sideways all day) today, we can expect big move in any direction in next trading day(21st April 2022).
Disclaimer: This is for educational purpose only. Any buy or sell is not recommended. Please do paper trading before entering into market.