Niftybank intraday trading levels 19-10-21

 Nifty bank 15 minute a candle:

 1. Nifty bank took a halt just below 40000 by opening big GAP-UP. If it has to cross 40000 (a psychological resistance) then it has to push some more or open GAP-UP.

2. Nifty bank will be bearish below 39600 to meet first target as 39350 then 39200 as second target and then third target will be 39000 levels.

3. Novice trader should be cautious while trading at higher levels; you will get shorter target or profit. Do scalping trade to get quick but small profit with small quantity.

4. Avoid trading GAP-UP or GAP-down, because these will act to trap newbie traders and weaker hands to be thrown out of the market.

Niftybank intraday trading 18-10-21

Nifty bank 15 minute a candle:

1. Nifty bank has broken the range with a BOOM and there it is now trading above 39000, it is looking very bullish to achieve the target of 39800, 40500  and, 40900 in this week. I am expecting Niftybank will achieve 39800, today only, if it moves above 39375 with a bullish candles breaking and making higher highs. Today, I am not at the bearish side as Global queues are positive.

2. Traders can buy ATM CE, if Nifty bank trade above 39375 with stoploss of 80 points, only to make decent profit of 3X or 4X or more as compared to  stoploss. You have to focus on the movement of HDFC bank, also because it has posted good result and Nifty bank will move according to it. If other banks also support then Nifty bank will achieve 40500, today (let see).

3. Nifty bank has to be avoided in no trading zone and turn-around zone, if open GAP-DOWN, wait for a range to break with a bullish candle and then trader with small quantity until it breaks 39375 then you can increase the quantity as per your wish. My advice is to avoid trading below 39000.

4. Nifty bank will be mild bearish is trade below 38900, but I an not expecting that. But if it breaks 38600 then you can go for bearish side trade.

Niftybank intraday trading 14-10-2021

Nifty bank 15 minute a candle:

1. Nifty bank will be bullish above 38800 but MAXPAIN data shows the expiry will be near 38600 levels. It seems that in this expiry Nifty bank is not going to cross and close above 39000 but it may touch 39000 levels as there are maximum open interest as per weekly expiry 14-10-21, we can see selling pressure from there or close below 39000.

2. Nifty bank will be bearish below 38500 but there are many hurdles of 38350 then 38150, so there will be small profit.

3. No trading zone between 38600 and 38500.

4. Avoid trading in bearish side.

5. It if better to sell the 39000 CE (1 lot); you can use Call Spread strategy to minimize the margin.

Nifty bank intraday trade 11-10-21

 Nifty bank 15 minute a candle:

1. Nifty bank will be bullish above 38100 by breaking with big volumes because Nifty bank is retraced many time from this level.

2. If Nifty bank opens flat and moves up wards crossing the level of 37850, then you can go for CE with little quantity for little profit.

3. Nifty bank will be bearish below 37650, but it seems a big support. If it breaks downside then we can see selling pressure till 37300 levels.