BANKNIFTY TRADE SETUP FOR 11/02/2022 (all time frame analysis)
So i started with marking high and low swing in 15 TF . First we will do today analysis and then we will start analysis with higher time frame to lower time frame .
#Today Analysis
BN face strong resistance at 38530 after high up open. Then it face 3 time resistance in 1 min time frame at 38700.
Then BN give strong up ward move upto 38800. Today's high and low swing was 38965 and 39197.
#Daily timeframe analysis
BN formed good positive candle so according to daily time frame we can expect that tomarrow is gap up open to achive 400 point target at 39425.
#1Hour timeframe analysis
BN give negative signal for tomorrow opening as it formed 3 red candle in 1hour time frame . So may be tomarrow banknifty open gapdown but it seems that it fill gap upside in first 15 minute and achive our first target 39200.
#15min timeframe analysis
If BN first 15 candle close above 38800 it may take reverse up to 39200 and give 400 point . Keep trailing stoploss after 100 point achieving.
#5min timeframe analysis
if bank nifty open above 39200 so your first target is 39280 - 39425 .
#but in case if bank nifty start falling so it may fall up to 38800 so safe trade
if bank nifty open below 38800 so if trend is downwards then your target 38525 and give 250 point .
#but in case bank nifty start going up so your first target is 39200.
Your watchlist should contain
1) 39200 call and put
2) 38800 call and put
3) 39400 call and put
4) 38500 call and put
So trade accordingly to tomarrow market opening and follow marked support and resistance .
PLEASE LIKE THE IDEA FOR MOTIVATE ME
#Today Analysis
BN face strong resistance at 38530 after high up open. Then it face 3 time resistance in 1 min time frame at 38700.
Then BN give strong up ward move upto 38800. Today's high and low swing was 38965 and 39197.
#Daily timeframe analysis
BN formed good positive candle so according to daily time frame we can expect that tomarrow is gap up open to achive 400 point target at 39425.
#1Hour timeframe analysis
BN give negative signal for tomorrow opening as it formed 3 red candle in 1hour time frame . So may be tomarrow banknifty open gapdown but it seems that it fill gap upside in first 15 minute and achive our first target 39200.
#15min timeframe analysis
If BN first 15 candle close above 38800 it may take reverse up to 39200 and give 400 point . Keep trailing stoploss after 100 point achieving.
#5min timeframe analysis
if bank nifty open above 39200 so your first target is 39280 - 39425 .
#but in case if bank nifty start falling so it may fall up to 38800 so safe trade
if bank nifty open below 38800 so if trend is downwards then your target 38525 and give 250 point .
#but in case bank nifty start going up so your first target is 39200.
Your watchlist should contain
1) 39200 call and put
2) 38800 call and put
3) 39400 call and put
4) 38500 call and put
So trade accordingly to tomarrow market opening and follow marked support and resistance .
PLEASE LIKE THE IDEA FOR MOTIVATE ME
Comment:
SEARCH BANKNIFTY IN PLUBIC CHAT TO GET REAL TIME BANKNIFTY UPDATES
CALL PUT
39000 38000
39500 38500
40000 39000
These strike price has high volume, open interest and high iv . so these strike price may be act as S/R .