BANKNIFTY Intraday Trade Setup For 25 Apr 2022
Buy-Above 36160
Sl-36050
T-36300 36400
Sell-Below 35900
Sl-36000
T-35700 37500
BANKNIFTY has closed below 200 EMA in daily TF. It has been trading below 50 EMA already. Approach will be sell on rise from now. Weekly Support is 35900 and resistance is 37000. Next support below 35900 will be 35000.
Coming to Monday's trade setup, short below 35900 if a 15 Min candle closes below that. Target will be 35700 and 35500. 35450-35500 is a PRZ area. We can expect a bounce from here. Below 35400 target will be 35000.
For buying we need a 15 Min candle close above 36450. Target will be 35600 and 35900. Aggressive traders can long above 36160 if a 15 Min candle closes and its high is taken.
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 36160
Sl-36050
T-36300 36400
Sell-Below 35900
Sl-36000
T-35700 37500
BANKNIFTY has closed below 200 EMA in daily TF. It has been trading below 50 EMA already. Approach will be sell on rise from now. Weekly Support is 35900 and resistance is 37000. Next support below 35900 will be 35000.
Coming to Monday's trade setup, short below 35900 if a 15 Min candle closes below that. Target will be 35700 and 35500. 35450-35500 is a PRZ area. We can expect a bounce from here. Below 35400 target will be 35000.
For buying we need a 15 Min candle close above 36450. Target will be 35600 and 35900. Aggressive traders can long above 36160 if a 15 Min candle closes and its high is taken.
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.
