BANKNIFTY Intraday Trade Setup For 25 Mar 2022
Buy-Above 35720
Sl-35600
T-36000 36285
Sell-Below 35400
Sl-35500
T-35150 35000
BANKNIFTY has closed 1.7% in red on Thursday. It opened with a big gap down and showed all kinds of moves on this expiry. It was volatile since morning. All pre analysis became invalid due to gap down. 10o'clock range broke upside but that was a false breakout. A double top was formed after the false breakout. That gave a good move downside.
Coming to tomorrow's trade, index has closed at the hourly support zone. Near 35400. This level is tested 3rd time. Below 35400 we will short for the target of 35140. 35000 can act as a support book max here.
For buying we need a 15 Min candle close above 35720. Above this we will build our long for the target of 35900 36100 and 36285. Candle closing is important.
In case of a big gap up/down wait till 10o'clock range and trade that range breakout/down.
Best trade will be in sell side.
Buy-Above 35720
Sl-35600
T-36000 36285
Sell-Below 35400
Sl-35500
T-35150 35000
BANKNIFTY has closed 1.7% in red on Thursday. It opened with a big gap down and showed all kinds of moves on this expiry. It was volatile since morning. All pre analysis became invalid due to gap down. 10o'clock range broke upside but that was a false breakout. A double top was formed after the false breakout. That gave a good move downside.
Coming to tomorrow's trade, index has closed at the hourly support zone. Near 35400. This level is tested 3rd time. Below 35400 we will short for the target of 35140. 35000 can act as a support book max here.
For buying we need a 15 Min candle close above 35720. Above this we will build our long for the target of 35900 36100 and 36285. Candle closing is important.
In case of a big gap up/down wait till 10o'clock range and trade that range breakout/down.
Best trade will be in sell side.
