Niftybank intraday trading levels 29-10-21

Nifty bank 1 hour a candle:

1. Nifty bank will be bullish above 41350; Oh! yes very far, because of the 1500+ points fall in Nifty bank from the day's high to low.

2. Nifty bank will be bearish below 39350; be cautious because Nifty bank is at "Support Zone 1"; it can bounce back as global market are positive.

3. Avoid trading in "No trading Zone"; also known as STOP-LOSS hunting zone for STOP-LOSS hunters. Better to avoid trading for Friday i.e. 29-10-2021.

4. Nifty bank may bounce back sharply from "Strong Support Zone 1" or "Strong Support Zone 2"; use "Buy on dips" strategy with small quantity.

Niftybank intraday trading levels 28-10-21

Nifty bank 15 minute a candle:

1. Nifty bank will only be bullish above 41350-41400 levels, wait for a 15 minute green candle to close above the mentioned levels, then you can trade for upward fast movement till 41800-42000 levels.

2. Nifty bank wil only be bearish below 40750-40700 levels, wait for a 15 minute red candle to close below the mentioned levels, then you can buy ATM PE for downward fast movement till 40500-40200 levels.

3. Nifty bank has made a bearish structure wedge pattern, it means we can see downfall but cannot say because most of the banks are posting good results. Hope that market will touch all time high before Diwali/Deepawali festival.

Niftybank intraday trading levels 27-10-21

1. Nifty bank is bullish above 41350; Axis bank has posted great results, let see how market react to it.

2. Nifty bank is bearish below 40900, which I do not expect but cannot say anything due to last trading day. 

3. Do not be hustle to trade, let the market settle to some level then trade.

Niftybank intraday trading levels 26-10-21

 Nifty bank 15 minute a candle:

1. Nifty bank will be bullish above 41650; as ICICI bank posted good Q2 results and today, Axis bank and Kotak bank will post their Q2 results. I am expecting good results.Let see.

2. Nifty bank will be bearish below 41050; I am not going to trade on bearish side as it might be a trap the new traders because market is bullish but closed the market on bearish sentiment at the fag end, yesterday. So be cautious.

3. Follow the thin red line for the support;

4. Market is bullish do not go for PUT(PE);

5. Avoid trading in bearish side, it's a trap;

 

Niftybank intraday trading levels 25-10-21

 Nifty bank 15 minute a candle:

1. Nifty bank will be bullish when crosses 40500 levels. Focus on ICICI bank and Axis bank movement to track and confirmation for the trade to take. Many banks posted good results. ICICI bank has posted good results and Axis bank going to declare the result, today.

2. Nifty bank will be bearish if it breaks 40200 levels. Well, Nifty bank is looking stronger than Nifty 50 index but we can not say about the downfall. Nifty bank has to reach 45000 levels before any major correction. 

3. For risky traders, follow the Orange trend line, 15 minute candle closes above the trend line then you can buy ATM CE with small quantity and wait for a candle to cross 40500 levels, then you can add more to it.