BANKNIFTY Intraday Trade Setup For 12 Jan 2022
Buy-Above 38500
Sl-38400
T-38737 38850 39000
Sell-Below 38280
Sl-38380
T-38050 37900
BANKNIFTY has closed in a positive note today also. Morning it could not sustain in the 1st 5 min above 37400. So, as soon as the low broke we shorted and made good money. Also longed above 38200 when the intraday trend reversed , booked profit near 37400.
All updates were shared. Coming to tomorrow's trade index has tested 38500. Above this index can show some positive momentum. Only issue is that index been in a positive note since 35500 is broken, so profit booking can take place any time. So, always be careful in long side. If we get long with intraday data then that would be best. Actually now the fear is in upside.
For selling we will sell below 38280 for the target of 38050. No big target for sell as of now.
As said for aggressive sell trade we need price action below 38000.
If index opens with big gap or gap down then we will wait for the 1st 15 min and trade after 10 o' clock .
Buy-Above 38500
Sl-38400
T-38737 38850 39000
Sell-Below 38280
Sl-38380
T-38050 37900
BANKNIFTY has closed in a positive note today also. Morning it could not sustain in the 1st 5 min above 37400. So, as soon as the low broke we shorted and made good money. Also longed above 38200 when the intraday trend reversed , booked profit near 37400.
All updates were shared. Coming to tomorrow's trade index has tested 38500. Above this index can show some positive momentum. Only issue is that index been in a positive note since 35500 is broken, so profit booking can take place any time. So, always be careful in long side. If we get long with intraday data then that would be best. Actually now the fear is in upside.
For selling we will sell below 38280 for the target of 38050. No big target for sell as of now.
As said for aggressive sell trade we need price action below 38000.
If index opens with big gap or gap down then we will wait for the 1st 15 min and trade after 10 o' clock .
