BANKNIFTY Intraday Trade Setup 01 Mar 2023
Buy-Above 40400
Sl-40290
T- 40550 40725
Sell-Below 40070
Sl-40180
T- 39818 39590
BANKNIFTY has closed on a absolute flat note. It was just sideways for 4 hours and 30 min. It traded at 40300 and at the end of the day also it has closed near 40300. Nothing triggered as per trade setup and traded inside the buy and sell levels. 10 o'clock range broke downside below 40205 and gave more than 120 points gain. We will simply use the last day's trade setup to build trade. 40400 and 40070 is the range above and below which directional move will come.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 40400 then we will long for the target of 40550 and 40725.
For selling we need a 15 Min candle close below 40070. T- 39818 and 39590.
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 40400
Sl-40290
T- 40550 40725
Sell-Below 40070
Sl-40180
T- 39818 39590
BANKNIFTY has closed on a absolute flat note. It was just sideways for 4 hours and 30 min. It traded at 40300 and at the end of the day also it has closed near 40300. Nothing triggered as per trade setup and traded inside the buy and sell levels. 10 o'clock range broke downside below 40205 and gave more than 120 points gain. We will simply use the last day's trade setup to build trade. 40400 and 40070 is the range above and below which directional move will come.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 40400 then we will long for the target of 40550 and 40725.
For selling we need a 15 Min candle close below 40070. T- 39818 and 39590.
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.
