Bank Nifty Intraday & Expiry day Trade SetupHello Everyone,
Bank Nifty just a shadow script of Nifty 50 Index because some of high weightage stocks listed in Bot of Index...
Bank Nifty Major Resistance Area is on 21000 and support is on 18800 in short term period.
Trade Setup
==================
A: Build Long position 20200 break . Sl should be 19860
B: Build Short lower then 19450 sl : 19700 closing basis
Good Luck and Happy Trading.
Niftybank
Bank Nifty Intraday Trade setup for 20th April 2020Good Morning everyone,
Bank Nifty is follow Nifty Trend in short term and long term as well because some high wattage stock of Bank nifty is keep high stake in Nifty as well so it's Impact directly.
Resistance
-----------------------
Bank Nifty major resistance area is 21472 which is also a B point for our one of our Harmonic pattern which is made in hourly time frame,
Support
---------------
Bank Nifty key support can found on 18700
Trade setup for 20th April 2020
==================================
1- We're also bullish in Bank nifty for today and buying side has 2 points.
A- If you see a gap down and price test 20000-20200 in first trading session at first half then go and build a long from this price level.
B- Second buy position can come if Index bullish in first half and break the Friday high which is 20827. Consider 20900 to build your long
2- Sell Bank nifty if 20600 break in Intraday.
Good luck and happy Trading
CodeViser
#NiftyBank #Intraday Trade Setup for 16th April 2020Hello everyone,
Bank Nifty is a white elephant in Indian stock market because for their volatile nature and everyone want to get ride on it but you guys need to remember this is not an easy task :P We have seen a 1200+ points down move in yesterday from the top ( 20178) .
Short Position
=======================
Key Support is on 18650 and this level is so Important if you're looking for a short in Intraday. It's also a B point one of our Harmonic pattern and pattern will be activated if price sustain lower then 18650...
Long Position
=========================
Long is bit tricky and has a very less room in upside . Long position can consider if price sustain above 19300 and has only 200-300 points in upside. Lot of day resistance is in upside so if you consider a long above 19300 then try to book profit before then 19600..
Note : Keep patience in first hour and get it settle at first. Do not rush for trades, wait for a clear move and setup your trade according the levels.
Good Luck & have an awesome day ahead
Bank Nifty Intraday Trade Setup for 25th February 2020Hello everyone.
Well Ban nifty Index is weak since a month ago but world economy has been suffering from corona virus threat. Yesterday downfall in Nifty and Bank nifty is come from corona virus Threat. Market is still bearish and we can see an another downfall today so we need to focus on sell side . There is 2 levels for short.
1st : Sell If Index break yesterday low and sustain lower then 30000
Second : In case market give a up move and test 30500-30600 Then sell from top .
Bank Nifty Intraday Trade Setup for Friday 07 FebruaryHello all,
We are accepting a correction yesterday from our harmonic prz levels. It's give around 200 points correction exact from harmonic 1.13 levels but RBI policy changed the market mood and movement . as per behavior wise Bank nifty is still bullish . Consolidate on resistance area is a dangerous sign. Today Range is 31050 to 31490 . We can see an another bull run if sustain above 31500. Bear is sleeping and can back in the action lower then 31040 so mark these levels and setup your trade on it
HDFC bank Intraday setup for 23rd JanuaryHey Everyone,
HDFC bank also made low in their H&S neck line. but still we need more confirmation because this is the support area too . yesterday low and high both important and we will setup our trade on it. Buy above 1256 sl : 1240 and sell if 1240 broken sl is same closing basis