BANKNIFTY Intraday Trade Setup For 9 Mar 2023
Buy-Above 41675
Sl- 41565
T-41865 42050
Sell-Below 41390
Sl- 41500
T- 41250 41100
BANKNIFTY has closed on bullish sentiment with 0.55% gain today. It has closed near day high. Above today's high if sustained bullish momentum will continue. Only hurdle is 41700. Today it opened gap down with directly near 1st sell target. 10 o'clock range broke upside 41356 and gave more than 250 points gain with a good momentum. Today's low- 41100 is important as that is the last swing low in hourly TF. That's important in terms of reversal. Above 41675 if sustained then we will head higher above 42000 in coming days.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41675 then we will long for the target of 41865 and 42050.
For selling we need a 15 Min candle close below 41390. T- 41250 and 41100.
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 41675
Sl- 41565
T-41865 42050
Sell-Below 41390
Sl- 41500
T- 41250 41100
BANKNIFTY has closed on bullish sentiment with 0.55% gain today. It has closed near day high. Above today's high if sustained bullish momentum will continue. Only hurdle is 41700. Today it opened gap down with directly near 1st sell target. 10 o'clock range broke upside 41356 and gave more than 250 points gain with a good momentum. Today's low- 41100 is important as that is the last swing low in hourly TF. That's important in terms of reversal. Above 41675 if sustained then we will head higher above 42000 in coming days.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41675 then we will long for the target of 41865 and 42050.
For selling we need a 15 Min candle close below 41390. T- 41250 and 41100.
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.
