BANKNIFTY Intraday Trade Setup For 13 Oct 2022
BANKNIFTY Intraday Trade Setup For 13 Oct 2022
Buy-Above 39165
Sl-39050
T-39330 39485 39600+
Sell-Below 38970
Sl-39085
T-38783 38640 38500
BANKNIFTY has closed on a positive note with 1% gain today. It has closed at day high. Today's sentiment will continue above today's high. It is still inside the inside candle's range which was formed last day. High of the mother candle is 39320 and low is 38500. A move can be expected either side on this range breakout. As per trade setup buy was triggered in the second half which gave a move from 39050- 39164. Also the plotted resistance @ 38900 acted strong and gave more than 200 points fall.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 39165 then we will long for the target of 39330,39485 and 39600+.
For selling we need a 5/15 Min candle close below 38970. Target will be 38785, 38640 and 38500. Below 38500 there can be sharp fall.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Buy-Above 39165
Sl-39050
T-39330 39485 39600+
Sell-Below 38970
Sl-39085
T-38783 38640 38500
BANKNIFTY has closed on a positive note with 1% gain today. It has closed at day high. Today's sentiment will continue above today's high. It is still inside the inside candle's range which was formed last day. High of the mother candle is 39320 and low is 38500. A move can be expected either side on this range breakout. As per trade setup buy was triggered in the second half which gave a move from 39050- 39164. Also the plotted resistance @ 38900 acted strong and gave more than 200 points fall.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 39165 then we will long for the target of 39330,39485 and 39600+.
For selling we need a 5/15 Min candle close below 38970. Target will be 38785, 38640 and 38500. Below 38500 there can be sharp fall.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
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