BANKNIFTY Intraday Trade Setup For 22 Dec 2022
BANKNIFTY Intraday Trade Setup For 22 Dec 2022
Buy-Above 42950
Sl-42840
T-43350 43625
Sell-Below 42550
Sl-42660
T-42000 41645
BANKNIFTY has closed a bearish sentiment with 1.71% cut. It it opened with slight gap up near 1st target. It was updated that we will be using 10 o'clock range to trade in such case. 10 o'clock range broke downside below 43395 and gave a clear cut move till 42365 non stop. No trailing sl was hit in 5 min TF. Its a bearish engulfing candle in daily charts. This bearish sentiment will continue below today's low. Probability of an inside candle is high tomorrow if the today's low will be safe till the 1st 45 Min. This is just a possibility so do not plan for a bigger move tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 42950 then we will long for the target of 43350 and 43600+
For selling we need a 15 min candle close below 42550. Target will be 42365. Below 42350 we will hit 42000 and below.
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 42950
Sl-42840
T-43350 43625
Sell-Below 42550
Sl-42660
T-42000 41645
BANKNIFTY has closed a bearish sentiment with 1.71% cut. It it opened with slight gap up near 1st target. It was updated that we will be using 10 o'clock range to trade in such case. 10 o'clock range broke downside below 43395 and gave a clear cut move till 42365 non stop. No trailing sl was hit in 5 min TF. Its a bearish engulfing candle in daily charts. This bearish sentiment will continue below today's low. Probability of an inside candle is high tomorrow if the today's low will be safe till the 1st 45 Min. This is just a possibility so do not plan for a bigger move tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 42950 then we will long for the target of 43350 and 43600+
For selling we need a 15 min candle close below 42550. Target will be 42365. Below 42350 we will hit 42000 and below.
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.
Trade active:
let market settle for the first 15 Min
