Nifty bank intraday trading 01-10-2021

 Banknifty 15 minute a candle view:

1. Nifty bank is misbehaving between 37700 and 38000, so this will be our no trading zone because, Nifty bank reverses from any level.

2. Nifty bank will only be bullish above 38000 but as market sentiment, I do not recommend to go for buy side/upside until it crosses 38000.

3. Nifty bank will only be bearish below 37300 but for the past few days, Nifty bank reverses to upside levels. If Nifty bank take support of 37300 levels with a 15 minutes bullish candle with a follow up candle then go for buy side/upside. But if a 15 minutes candle close below 37300 levels with bearish sign then buy ATM PUT for fast downside till 37000 or if sustain 37000 level then 36500 levels will be seen.

Banknifty intraday trading on 20-09-2021

 As depicted in below image, you can trade accordingly

1. If Banknifty (15 minute candle) crosses 37950 level then you can buy 38000 CE for 100 points or more, trail the stoploss with the up move.

2. If Banknifty (15 minute candle) crosses 37450 level then you can buy 37500 PE for 200 points or more, trail the stoploss with the down move. My suggestion is to avoid trading for PUT or downside movement, it may be a trap because Banknifty trend is Bullish.

3. Avoid trading in the range between 37950-37450, because it is a trap zone, but you can do scalping trade for 5% +, only.

 

 

 

Banknifty is again in parallel channel:

Weekly trading Chart

 Big move coming on upside only after Bank Nifty crosses 35350 levels.