BANKNIFTY Intraday Trade Setup For 11 Feb 2022
BANKNIFTY Intraday Trade Setup For 11 Feb 2022
Buy-Above 39200
Sl-39100
T-39340 39425 39580
Sell-Below 38900
Sl-39000
T-38770 38650 38500
BANKNIFTY given a very good move in the upside. We planned to buy 38650. Index gave more than 500 points move in the upper side.
It was a bit volatile in the till 10 o'clock. That is why we planned to trade after 10 o'clock as there was RBI press conference.
We already sensed this upmove after we found the hammer candle on 08 Feb in the daily TF. index has given 1000 points rally above 38200.
It was a good expiry.
Coming to tomorrow's trade setup, we will once again above 39200 for the target of 39400 and 39580. 39400 is the hourly resistance. Above this we can get a good move.
We will sell below 38900 for the target of 38650. Below 38500 we will once again sell for the target of 38200.
Best trade will be in buying side. Because above above 39400 structure will be bullish in daily, hourly and 15 min.
In case of a big gap up[ or gap down, we will simply wait till 10 o'clock and then trade that range.
Buy-Above 39200
Sl-39100
T-39340 39425 39580
Sell-Below 38900
Sl-39000
T-38770 38650 38500
BANKNIFTY given a very good move in the upside. We planned to buy 38650. Index gave more than 500 points move in the upper side.
It was a bit volatile in the till 10 o'clock. That is why we planned to trade after 10 o'clock as there was RBI press conference.
We already sensed this upmove after we found the hammer candle on 08 Feb in the daily TF. index has given 1000 points rally above 38200.
It was a good expiry.
Coming to tomorrow's trade setup, we will once again above 39200 for the target of 39400 and 39580. 39400 is the hourly resistance. Above this we can get a good move.
We will sell below 38900 for the target of 38650. Below 38500 we will once again sell for the target of 38200.
Best trade will be in buying side. Because above above 39400 structure will be bullish in daily, hourly and 15 min.
In case of a big gap up[ or gap down, we will simply wait till 10 o'clock and then trade that range.
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