BANKNIFTY Intraday Trade Setup For 22 Feb 2022
BANKNIFTY Intraday Trade Setup For 22 Feb 2022
Buy-Above 37815
Sl-3700
T-38000 38330 38500
Sell-Below 37590
Sl-37690
T-37330 37200 37000
We discussed to sell BANKNIFTY below 37490. Index gave more than 300 points fall after our sell levels was triggered. It gave profit in the 1st 15 Min only. Then Our PRZ in NIFTY - 17080 was triggered that time BANKNIFTY was trading near 37200. As soon as it formed a doji candle and high was taken out. It shot up till 38000.
Both moves gave good profit. Then after 1 o'clock double top was formed and it fell till 37600 level after breaking the neckline.
Market looks bullish as of now. It tried to hold itself in today's trading session. So, if Index opens flat and a 15 Min candle closes above 37780. Then above 37815 we will buy fir the target of 38000 and 38300.
No aggressive selling till 37200. Below 37200 we will see a good directional move. however we we do a quick scalp trade in sell side below 37590 for the target of 37500. Below 37500 we can see a downside move till 37300.
Best trade will be in buy side. In case of a big gap up or gap down, wait till 10 o'clock and trade that range breakout/breakdown.
Buy-Above 37815
Sl-3700
T-38000 38330 38500
Sell-Below 37590
Sl-37690
T-37330 37200 37000
We discussed to sell BANKNIFTY below 37490. Index gave more than 300 points fall after our sell levels was triggered. It gave profit in the 1st 15 Min only. Then Our PRZ in NIFTY - 17080 was triggered that time BANKNIFTY was trading near 37200. As soon as it formed a doji candle and high was taken out. It shot up till 38000.
Both moves gave good profit. Then after 1 o'clock double top was formed and it fell till 37600 level after breaking the neckline.
Market looks bullish as of now. It tried to hold itself in today's trading session. So, if Index opens flat and a 15 Min candle closes above 37780. Then above 37815 we will buy fir the target of 38000 and 38300.
No aggressive selling till 37200. Below 37200 we will see a good directional move. however we we do a quick scalp trade in sell side below 37590 for the target of 37500. Below 37500 we can see a downside move till 37300.
Best trade will be in buy side. In case of a big gap up or gap down, wait till 10 o'clock and trade that range breakout/breakdown.
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