BANKNIFTY Intraday Trade Setup For 03 Apr 2023
Buy-Above 40700
Sl-40590
T-40883 41110
Sell-Below 40530
Sl- 40640
T- 40330 40115
BANKNIFTY has closed on a bullish note last week. It ended with 3% gain and formed a morning star in weekly TF. However the long trade has been already triggered @ 39710 which was given on 20 Mar trade setup. This was picked after our sell target/PRZ(1.618) was hit on 16 Mar. Alter on 22 Mar trade setup it was told that we are heading towards 41250-41350. Till now it has given almost 1000 points profit out of expected target of 1600 points. One can trail sl now or book some. PDL is important.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 40700 then we will long for the target of 40883 and 41110.
For selling we need a 15 Min candle closes below 40530 then we will long for the target of 40330 and 40115.
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 40700
Sl-40590
T-40883 41110
Sell-Below 40530
Sl- 40640
T- 40330 40115
BANKNIFTY has closed on a bullish note last week. It ended with 3% gain and formed a morning star in weekly TF. However the long trade has been already triggered @ 39710 which was given on 20 Mar trade setup. This was picked after our sell target/PRZ(1.618) was hit on 16 Mar. Alter on 22 Mar trade setup it was told that we are heading towards 41250-41350. Till now it has given almost 1000 points profit out of expected target of 1600 points. One can trail sl now or book some. PDL is important.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 40700 then we will long for the target of 40883 and 41110.
For selling we need a 15 Min candle closes below 40530 then we will long for the target of 40330 and 40115.
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.
