BANKNIFTY Intraday Trade Setup For 17 Jan 2022
BANKNIFTY Intraday Trade Setup For 17 Jan 2022
Buy-Above 38600
Sl-38500
T-38700 38800
Sell-Below 38270
Sl-38370
T-38155 38000
BANKNIFTY is a bit weak compared to NIFTY. We planned to short below 38370 in Friday's trading session. Index opened gap down below our sell level. But As soon as came to our sell level our short trade triggered and index fell more than 350 points which was too good profit.
In the second half trading session index broke the intraday trendline resistance and shown a V shape recovery.
We will buy aggressive only if we get closing above 38600 in 15 Min TF. Otherwise I would like to sell first from that level if I get any negative candle there.
Index can pullback till 37550-37700 as discussed before. The rest move will be seen below 38000.
Weekly Range is 39000 in the upside and 38000 in the downside.
Buy-Above 38600
Sl-38500
T-38700 38800
Sell-Below 38270
Sl-38370
T-38155 38000
BANKNIFTY is a bit weak compared to NIFTY. We planned to short below 38370 in Friday's trading session. Index opened gap down below our sell level. But As soon as came to our sell level our short trade triggered and index fell more than 350 points which was too good profit.
In the second half trading session index broke the intraday trendline resistance and shown a V shape recovery.
We will buy aggressive only if we get closing above 38600 in 15 Min TF. Otherwise I would like to sell first from that level if I get any negative candle there.
Index can pullback till 37550-37700 as discussed before. The rest move will be seen below 38000.
Weekly Range is 39000 in the upside and 38000 in the downside.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.