Bank Nifty Intraday Trade Setup for 24th September 2021We have seen a gap up opening in Banknifty Index in previous trading session and a fall was seen from the day high which was made in the morning.
The Index fully recovered in second trading session as it was forming a fresh range.
Current range is our Intraday levels, if price crosses 35260 our Harmonic half bat and XABCD patterns will get activated and we can see the upside targets of 35,400 and 35,641.
Downside momentum will be seen below 35,080 below that price can correct till 34,800
Total range is of 750-800 points, trade accordingly.
Bankniftyprediction
BankNifty Prediction & Analysis [12 Aug 2021]BankNifty Prediction and Analysis For Tomorrow
Bank Nifty Spot Levels to watch out for trading on 12th Aug 2021
Long Opportunity:
1. Price breaks out of 36100 and retests the level again is a good support to go long.
Short Opportunity:
1. Gap down opens below 35520 and stays below 35500 for some time and retested back the 35500 levels is a good resistance zone to short Bank Nifty.
2. Gap Up opens but face resistance near 36100 and breaks the upward trendline is a good area to short
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BankNifty Prediction & Analysis [11 Aug 2021]BankNifty Prediction and Analysis For Tomorrow
Bank Nifty Spot Levels to watch out for trading on 11th Aug 2021
Long Opportunity:
1. Price breaks out of 36065 and retests the level again is good support to go long
Short Opportunity:
2. Gap down opens below 35890 and stays below 35890 for some time and retested back the 35890 levels is a good resistance zone to short Bank Nifty.
SGX NIFTY : Nifty Prediction TodaySGX Nifty gives FPIs an advance chance to take positions before Indian market opens up.
Contrary to popular belief, it is very much liquid and since SGX sessions last more than Indian market, it is darling of FPIs.
On one hour candle, SGX Nifty can be seen drifting towards Support and if this is breached decisively, we might see a bigger move.
On the upside, the resistance is seen at 16357 level and as and when it is breached, a further push might come to take it to greater heights.
If neither of these 2 scenarios happen, it will be dancing between 02 lines and eating premium of option buyers. In that case, Option Sellers might sell options out of this range.
Happy Trading.
BankNifty Prediction & Analysis [10 Aug 2021]BankNifty Prediction and Analysis For Tomorrow
Bank Nifty Spot Levels to watch out for trading on 10th Aug 2021
Long Opportunity:
1. Price breaks out of 36160 and retests the level again is good support to go long
Short Opportunity:
2. Gap down opens below 35670 and stays below 35670 for some time and retested back the 35670 levels is a good resistance zone to short Bank Nifty.
BankNifty Prediction & Analysis [09 Aug 2021]Bank Nifty Spot Levels to watch out for trading on 9th Aug 2021
Long Opportunity:
1. Price breaks out of 36100 and retests the level again is a good support to go long
Short Opportunity:
1. Gap down opens below 35690 and stays below 35690 for some time and retested back the 35690 levels is a good resistance zone to short Bank Nifty.
BankNifty Prediction & Analysis [06 Aug 2021]Bank Nifty Spot Levels to watch out for trading on 6th Aug 2021
Long Opportunity:
1. Price breaks out of 36025 and retests the level again is good support to go long
2. Gap down open but takes support near 35685 will act as good support to go long again
Short Opportunity:
1. Gap down opens below 35670 and stays below 35670 for some time and retested back the 35670 levels is a good resistance zone to short Bank Nifty.
BankNifty Prediction & Analysis [03 Aug 2021]Bank Nifty Probable Support & Resistance Levels for 3rd Aug 2021
Resistance : 34855, 35180, 35335
Support : 34500, 34365, 34200
Apart from the horizontal support and resistance levels, you can also follow the dynamic support & Resistance levels as marked by dotted trend lines.
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BankNifty - Bull Channel with Risk:Reward = 1:2.5 BankNifty is overall bullish from longterm perceptive. From the 2hr Chart, we see that the BankNifty is trading in Bull Channel . This kind of setup is best for positional/ Swing F/O traders as we can make money on upside and downside.
Last week, BankNifty touched the lower trendlines and supported bears for a while. But, It holded the support of the lowest trendline drawn and bulls are back in control.
Currently, BankNifty is holding the lower trendline and attempting the move towards the upper trendline.
Below 34950, it can touch 34700 and bounce back to upper trendline.
Above 35150, i will take 35300 calls for this week expiry and 35500 and 36000 calls next week expiry.
This is a Risk/Reward ratio of 1:2.50 trade. Intraday traders can make money on any dips on any day for next two weeks.
DISCLAIMER: ALL POSTS ARE EDUCATIONAL PURPOSES.WE ARE NOT RESPONSIBLE FOR UR PROFIT/LOSS
Bank Nifty Prediction & Analysis [27 Jul 2021]Bank Nifty Prediction & Analysis and probable Support & Resistance have been shown.
Day Trading Setup For BankNifty
Shorting Opportunity
You can short ATM PUT Option if BankNifty closes below 34890 or Short BankNifty Future.
Long Opportunity
You can short ATM PUT Option if BankNifty closes above 35145 or Short BankNifty Future.
Target: Resistance Line for Long Setup and Support Line for Short Setup
Stop Loss: Grey Color Line
BANKNIFTY : Trade plan for 26 July🕘 Trade plan for 26th July🕘
🏦 BANKNIFTY 🏦
👉🏻For Upside📈
If it cross 35,100 then buy with strict SL and next level will be 35,350 / 35,500
👉🏻For Downside📉
If It cross below 34,900 then sell with strict SL and next level will be 34,650/34,500
👉🏻Support - 34,900, 34,650,
👉🏻Resistance - 35,100, 35,350, 35,500
👉🏻No Trade zone - 35100-34900
Target can act as Support or Resistance,
Trade What you SEE,
Trail Profits at every target or SL at cost.
Bank Nifty Prediction & Analysis [26 Jul 2021]Bank Nifty is likely to move up if it breaks today's High of 35100.
Its 1st target is 35320 followed by 35450, and then 35630.
In case, Bank Nifty breaks 35630, then you may witness 35750 as well.
Moreover, if Bank Nifty opens with a negative note, then the target for downside is 34800, 34650, and 34460
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