BANKNIFTY Intraday Trade Setup For 26 Apr 2023
Buy-Above 42870
Sl-42765
T-43105 43365
Sell-Below 42600
Sl-42705
T- 42395 42185
BANKNIFTY has closed almost flat today. Today buy triggered as per trade setup. It gave almost 150 points gain (42715-42865) which was more than 1:1. Later it closed near day day low and formed a shooting star in daily charts. Its a sign of halt. Next leg of rally will start above 42870. Below 42600 if sustained we may slip to lower levels. Let market decide which side gives trigger.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42870 then we will long for the target of 43105 and 43365.
For selling we need a 15 Min candle close below 42600. T- 42395 and 42185.
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 42870
Sl-42765
T-43105 43365
Sell-Below 42600
Sl-42705
T- 42395 42185
BANKNIFTY has closed almost flat today. Today buy triggered as per trade setup. It gave almost 150 points gain (42715-42865) which was more than 1:1. Later it closed near day day low and formed a shooting star in daily charts. Its a sign of halt. Next leg of rally will start above 42870. Below 42600 if sustained we may slip to lower levels. Let market decide which side gives trigger.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42870 then we will long for the target of 43105 and 43365.
For selling we need a 15 Min candle close below 42600. T- 42395 and 42185.
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.
