BANKNIFTY Intraday Trade Setup For 14 Feb 2023
Buy-Above 39685
Sl-39575
T- 40020 40355
Sell-Below 39450
Sl-39560
T- 39085 38750
BANKNIFTY has closed a bearish sentiment with 2.27% cut today. It was explained on weekend that below 40340 we will start the down move once again and that will be the continuation of sell trade triggered below 41550. Today 40340 was triggered and it gave a nose dive till 39455. Trade gave more than 850 points gain. Bearish sentiment is likely to continue below today's low 39450. Possibility of a pullback will be there if we make a bullish price structure above 39685 in 5/15 TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39685 then we will long for the target of 40020 and 40355.
For selling we need a 15 Min candle close below 39450. T- 39085 and 39750.
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 39685
Sl-39575
T- 40020 40355
Sell-Below 39450
Sl-39560
T- 39085 38750
BANKNIFTY has closed a bearish sentiment with 2.27% cut today. It was explained on weekend that below 40340 we will start the down move once again and that will be the continuation of sell trade triggered below 41550. Today 40340 was triggered and it gave a nose dive till 39455. Trade gave more than 850 points gain. Bearish sentiment is likely to continue below today's low 39450. Possibility of a pullback will be there if we make a bullish price structure above 39685 in 5/15 TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39685 then we will long for the target of 40020 and 40355.
For selling we need a 15 Min candle close below 39450. T- 39085 and 39750.
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.
