BANKNIFTY Intraday Trade Setup For 02 Mar 2023
Buy-Above 40730
Sl-40620
T- 40925 41120
Sell-Below 40510
Sl-40620
T- 40260 40075
BANKNIFTY has closed on a bullish sentiment with more than 1% gain today. Buy triggered above 40400 and hit all the targets slowly and steadily. Trade gave more than 300 points gain which was almost 1:3. However momentum was pathetic due to IV crash. On 23 Feb hammer formed and it was told that above its high we will give the pullback of the down move. Which has been played out perfectly till now.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 40730 then we will long for the target of 40925 and 40120.
For selling we need a 15 min candle close below 40510. T- 40260 and 40075.
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 40730
Sl-40620
T- 40925 41120
Sell-Below 40510
Sl-40620
T- 40260 40075
BANKNIFTY has closed on a bullish sentiment with more than 1% gain today. Buy triggered above 40400 and hit all the targets slowly and steadily. Trade gave more than 300 points gain which was almost 1:3. However momentum was pathetic due to IV crash. On 23 Feb hammer formed and it was told that above its high we will give the pullback of the down move. Which has been played out perfectly till now.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 40730 then we will long for the target of 40925 and 40120.
For selling we need a 15 min candle close below 40510. T- 40260 and 40075.
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.
