Bankniftyanalysis
NIFTYBANK SELL SETUPTrading Plan
1. Daily Bias - Bearish
2. Dealing Range - Price at discount
3. PD arrays - Doji followed by FVG (Sell side Inefficiency) at Supply (48500)
4. Liquidity - Both Sell side and buy side available.
5. Draw on Liquidity - Previous day Low
Concept Applied : Power of Three - AMD
A - Accumulation
M - Manipulation
D - Distribution
As the daily bias is bearish, expecting price to go higher from daily open price and takes out day's high (Buy side liquidity) and creates a strong displacement with imbalance(FVG) which creates market structure shift (MSS) and
Entry inside FVG and SL above Day's High.
[INTRADAY] #BANKNIFTY PE & CE Levels(22/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level & this rally can extend another 400 points if market gives breakout 48050 level in todays session.Any Major downside only expected in case banknifty starts trading below 47450 level to 47050 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(19/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 46950 level then possible downside rally of 400-500 points upto 46550 Level & this rally can can extend another 400 points if market gives breakdown 46450 level in todays session.Any Major upside only expected in case banknifty starts trading above 47050 level to 47450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(18/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level in todays session.Any Major downside only expected in case banknifty starts trading below 47450 level to 47050 level.also possible reversal downside 47950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(16/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level & this rally can can extend another 400 points if market gives breakdown 47450 level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level to 48450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(15/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 48450 level then possible downside rally of 400-500 points upto 48050 Level & this rally can can extend another 400 points if market gives breakdown 47950 level in todays session.Any Major upside only expected in case banknifty starts trading above 48550 level to 48950 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(05/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47950 level then possible downside rally of 400-500 points upto 47550 Level in todays session.Any Major upside only expected in case banknifty starts trading above 48050 level to 48450 level & this rally can extend another 400 points if market gives breakout 48550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(04/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level & this rally can extend another 400 points if market gives breakout 48050 level in todays session.Any Major downside only expected in case banknifty starts trading below 47450 level to 47400 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(03/04/2024) Today will be gap down opening in BANKNIFTY. After opening if banknifty start trading below 47450 level then possible downside rally of 400-500 points upto 47050 Level in todays session.Any Major upside only expected in case banknifty starts trading above 47550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(02/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level & this rally can extend another 400 points if market gives breakout 48050 level in todays session.Any Major downside only expected in case banknifty starts trading below 47450 level to 47400 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(01/04/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 47450 level & this rally can extend another 400 points if market gives breakout 47550 level in todays session.Any Major downside only expected in case banknifty starts trading below 46950 level to 46550 level.also possible reversal downside 47450 level.
Midcap Intraday setup for Monday 01 April Multiple rejections from hourly resistance indicate that the index is still declining, so be defensive when opening the long positions above 10,575.
Intraday Range: 10,575 to 10,460
Long above 10,600 ( 25 points buffer to avoid the fake breakout )
Short bellow : 10,460
[INTRADAY] #BANKNIFTY PE & CE Levels(28/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 47450 level in todays session.Any Major downside only expected in case banknifty starts trading below 46950 level to 46550 level.also possible reversal upside 46550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(26/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47050 level then possible upside rally of 400-500 points upto 47450 level in todays session.Any Major downside only expected in case banknifty starts trading below 46950 level to 46550 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(22/03/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 46550 level then possible upside rally of 400-500 points upto 46950 level & this rally can extend another points if market gives breakout 47050 level in todays session.Any Major downside only expected in case banknifty starts trading below 46450 level to 46050 level.also possible reversal downside 46950 level.