BANKNIFTY Intraday Trade Setup For 9 Feb 2023
Buy-Above 41615
Sl-41500
T- 41810 42000+
Sell-Below 41400
Sl-41510
T- 41095 40800
BANKNIFTY has closed on a flat note with a slight gain of 46 points. Unlike NIFTY it was dead sideways. It opened almost flat and a buy triggered and gave 150+ points gain. Later after giving that small profit RBI announcement created as usual noise. And after that it just slept at 41500 the whole day. It has created 200 points range and this will be used to build tomorrow's trade setup. If market opens beyond these ranges and that that direction can be matured.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41615 then we will long for the target of 41810 and 42000.
For selling we need a 15 min candle close below 41400. T- 41095 and 40800.
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 41615
Sl-41500
T- 41810 42000+
Sell-Below 41400
Sl-41510
T- 41095 40800
BANKNIFTY has closed on a flat note with a slight gain of 46 points. Unlike NIFTY it was dead sideways. It opened almost flat and a buy triggered and gave 150+ points gain. Later after giving that small profit RBI announcement created as usual noise. And after that it just slept at 41500 the whole day. It has created 200 points range and this will be used to build tomorrow's trade setup. If market opens beyond these ranges and that that direction can be matured.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41615 then we will long for the target of 41810 and 42000.
For selling we need a 15 min candle close below 41400. T- 41095 and 40800.
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.
