BANKNIFTY Intraday Trade Setup For 6 Apr 2023
Buy-Above 41075
Sl-40965
T- 41275 41475
Sell-Below 40890
Sl-41000
T- 40685 40475
BANKNIFTY has once again closed on bullish sentiment with 0.46% gain. After we initiated buy @39710 which was shared on 20 Mar trade setup for the gap area target. This is almost achieved and currently we are in a profit of more than 1300 points. Now if sell is triggered as per intraday trade setup we will book our gains. While actual TSL is PDL (CB). Today buy triggered above 40860 and gave a move till 41070+ Bullish sentiment will be intact till we safeguard PDL(CB). Reversal will be planned in case we close below PDL.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41075 then we will long for the target of 41275 and 41475.
For selling we need a 15 Min candle close below 40890. T- 40685 and 40475.
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 41075
Sl-40965
T- 41275 41475
Sell-Below 40890
Sl-41000
T- 40685 40475
BANKNIFTY has once again closed on bullish sentiment with 0.46% gain. After we initiated buy @39710 which was shared on 20 Mar trade setup for the gap area target. This is almost achieved and currently we are in a profit of more than 1300 points. Now if sell is triggered as per intraday trade setup we will book our gains. While actual TSL is PDL (CB). Today buy triggered above 40860 and gave a move till 41070+ Bullish sentiment will be intact till we safeguard PDL(CB). Reversal will be planned in case we close below PDL.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41075 then we will long for the target of 41275 and 41475.
For selling we need a 15 Min candle close below 40890. T- 40685 and 40475.
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.
