BANKNIFTY Intraday Trade Setup For 30 Mar 2022
Buy-Above 36000
Sl-35900
T-36150 36450
Sell-Below 35480
Sl-35600
T- 35200 35000
BANKNIFTY has just consolidated in a 470 points range. We planned to buy above the daily hammer candle's high. But we discussed that if market opens gap up then we will sell below the 1st 15 Min candle low. This logic gave us a decent 250 points move downside.
Index has closed near day high. So, we will buy above today's high if a 15 Min candle is closed above 35980. Safe traders can enter above 36000. Targets will be 36150 and 36450-36500. Above 36500 we can get a further move till 36620 and 36800.
For selling we will use today's low as trigger. If a 15 candle closed below 36500 then below 35480 will sell for the target of 35200 and near 35000.
For a good down move 15 min candle should close below 35000.
Buying would be the ideal trade seeing the daily and 15 Min chart. But index needs to open flat. In case of a big gap up/down. Wait till 10 o'clock and trade that range breakout/breakdown.
Buy-Above 36000
Sl-35900
T-36150 36450
Sell-Below 35480
Sl-35600
T- 35200 35000
BANKNIFTY has just consolidated in a 470 points range. We planned to buy above the daily hammer candle's high. But we discussed that if market opens gap up then we will sell below the 1st 15 Min candle low. This logic gave us a decent 250 points move downside.
Index has closed near day high. So, we will buy above today's high if a 15 Min candle is closed above 35980. Safe traders can enter above 36000. Targets will be 36150 and 36450-36500. Above 36500 we can get a further move till 36620 and 36800.
For selling we will use today's low as trigger. If a 15 candle closed below 36500 then below 35480 will sell for the target of 35200 and near 35000.
For a good down move 15 min candle should close below 35000.
Buying would be the ideal trade seeing the daily and 15 Min chart. But index needs to open flat. In case of a big gap up/down. Wait till 10 o'clock and trade that range breakout/breakdown.
