BANKNIFTY Intraday Trade Setup For 14 Jan 2022
Buy-Above 38600
Sl-38500
T-38725 38800
Sell-Below 38370
Sl-38470
T-38227 38100
As we planned that we will sell below the doji candle low 38600. It has given more than 200 points profit. The trade was smooth as index opened flat and crossed our level. For a good directional move we need flat opening.
After 12 trading session the index has broken its previous day low. Now we can see a pullback of this current move till 36700-36550.
Coming to tomorrow's trade setup the best trade will be on flat opening and crossing today's low, we well once again short. This will be the best trade. But remember that index needs to open flat and cross our level.
For buying we need candle closing above 37580 to initiate a buy target. Upside target can be 100-150 points only. For big upside move we need a pullback first the will the fuel to the up-move. Otherwise index will trade with less momentum.
Buy-Above 38600
Sl-38500
T-38725 38800
Sell-Below 38370
Sl-38470
T-38227 38100
As we planned that we will sell below the doji candle low 38600. It has given more than 200 points profit. The trade was smooth as index opened flat and crossed our level. For a good directional move we need flat opening.
After 12 trading session the index has broken its previous day low. Now we can see a pullback of this current move till 36700-36550.
Coming to tomorrow's trade setup the best trade will be on flat opening and crossing today's low, we well once again short. This will be the best trade. But remember that index needs to open flat and cross our level.
For buying we need candle closing above 37580 to initiate a buy target. Upside target can be 100-150 points only. For big upside move we need a pullback first the will the fuel to the up-move. Otherwise index will trade with less momentum.
