Niftybank and Nifty 50 intraday trading levels 15-11-21

Nifty bank: 15 minute a candle

1. Nifty bank will become bullish above 38825 and sustain for sometime to achieve the target of 39100 and 39500, but the movement can be slow.

2. Nifty bank will become bearish below 38475 and sustain for few minutes to achieve the target of 38000 or more, movement will be fast.

3. Risky and professional traders can enter the trade, early, if Nifty bank crosses the Red trend line, then they can buy ATM PE/PUT.

 

Nifty 50: 15 minute a candle

Nifty 50 is in bullish trend and will continue it's bullish trend if crosses 18120 level otherwise it will make a range between 18000-18100. It will be bearish below 17800 but risky traders can enter the trade early when crosses the Red trend line and the buy PE.

 

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.