BANKNIFTY Intraday Trade Setup For 29 Mar 2022
BANKNIFTY Intraday Trade Setup For 29 Mar 2022
Buy-Above 35800
Sl-35700
T-36000 36150
Sell-Below 35480
Sl-35580
T- 35200 35000
BANKNIFTY has made a hammer in daily TF, near 35000. It has closed in a positive note with 300 points gain. Our plan was to sell below 35200. Our 1st target was near 35000. 200 points was gained today. Then double bottom was formed and above the neckline of 35200 index reversed and it shot up till 35760.
Coming to tomorrow's trade setup, we will buy above the hammer's high. Above 35800 we will buy for the target of 36000 and 36150.Need a 15 Min candle close above 35750 for this 15 trend continuation.
For selling if we get a candle close below 35480 then short for the target of 35300 and 35200. Below 35000 will can see good fall. Till then no aggressive shorting.
In case of a big gap up if index makes any (5/15 Min) reversal candle then sell below that candle low. Wait till 10 o'clock in case of a big gap down.
Buy-Above 35800
Sl-35700
T-36000 36150
Sell-Below 35480
Sl-35580
T- 35200 35000
BANKNIFTY has made a hammer in daily TF, near 35000. It has closed in a positive note with 300 points gain. Our plan was to sell below 35200. Our 1st target was near 35000. 200 points was gained today. Then double bottom was formed and above the neckline of 35200 index reversed and it shot up till 35760.
Coming to tomorrow's trade setup, we will buy above the hammer's high. Above 35800 we will buy for the target of 36000 and 36150.Need a 15 Min candle close above 35750 for this 15 trend continuation.
For selling if we get a candle close below 35480 then short for the target of 35300 and 35200. Below 35000 will can see good fall. Till then no aggressive shorting.
In case of a big gap up if index makes any (5/15 Min) reversal candle then sell below that candle low. Wait till 10 o'clock in case of a big gap down.
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