BANKNIFTY Intraday Trade Setup For 23 Feb 2022
BANKNIFTY Intraday Trade Setup For 23 Feb 2022
Buy-Above 37670
Sl-37570
T-37915 38000
Sell-Below 37000
Sl-37100
T-36850 36650
BANKNIFTY opened with a very big gap down today. Bulls showed their presence at support level and moved it higher. We planned to trade the 10 o'clock range if opens with big gap up/down. Gave a good momentum in upside.
Coming to tomorrow's trade setup, we will buy above today's high - 37660 for the target of 37900 and 38000.Market does not seems to be positioned for a big move either side. So Trade for small targets and close that in intraday. As trend is missing in all TF.
For selling If a 15 Min candle closes below 37070 then below 37000 we will plan for sell. But looking at current scenario it seems that buyers can defend 37000 level. Best move will come after we see a range near 37000 and that range is broken downside.
Trendy move will come after above 38100 and below 36800. Till then do not try to hold any position.
Buy-Above 37670
Sl-37570
T-37915 38000
Sell-Below 37000
Sl-37100
T-36850 36650
BANKNIFTY opened with a very big gap down today. Bulls showed their presence at support level and moved it higher. We planned to trade the 10 o'clock range if opens with big gap up/down. Gave a good momentum in upside.
Coming to tomorrow's trade setup, we will buy above today's high - 37660 for the target of 37900 and 38000.Market does not seems to be positioned for a big move either side. So Trade for small targets and close that in intraday. As trend is missing in all TF.
For selling If a 15 Min candle closes below 37070 then below 37000 we will plan for sell. But looking at current scenario it seems that buyers can defend 37000 level. Best move will come after we see a range near 37000 and that range is broken downside.
Trendy move will come after above 38100 and below 36800. Till then do not try to hold any position.
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