BANKNIFTY Intraday Trade Setup For 29 Dec 2021
Buy-Above 35300
Sl-35200
T-35500 35800
Sell-Below 34990
Sl-35100
T-34800 34650
BANKNIFTY has traded in a range today. It is consolidating below the hourly resistance of 35500.
35500 is the neckline of double bottom in the hourly TF. 33500 is support below this we will plan our sell for 200 points.
If index opens flat and crosses our buy and sell level we will trade on breakout or breakdown.
If index opens with a big gap up above 35500 then we will initiate our buy trade if it takes support from 35500.
A big gap down below 35000 , then we will wait for 15 candle and trade on that sentiment.
Buy-Above 35300
Sl-35200
T-35500 35800
Sell-Below 34990
Sl-35100
T-34800 34650
BANKNIFTY has traded in a range today. It is consolidating below the hourly resistance of 35500.
35500 is the neckline of double bottom in the hourly TF. 33500 is support below this we will plan our sell for 200 points.
If index opens flat and crosses our buy and sell level we will trade on breakout or breakdown.
If index opens with a big gap up above 35500 then we will initiate our buy trade if it takes support from 35500.
A big gap down below 35000 , then we will wait for 15 candle and trade on that sentiment.
