BANKNIFTY Intraday Trade Setup 30 Sep 2022
Buy-Above 37850
Sl-37735
T-38125 38350
Sell-Below 37535
Sl-37650
T-37300 37100
BANKNIFTY has closed on a negative note with 0.3% cut. Today it opened with a big gap up and 10 o'clock range broke downside below 37925 and gave a trendy move till 37540. Our positional short's trailing sl is intact to last swing high - 38370. Above which a pullback of the current down move may come. Also tomorrow is RBI Credit policy , safe traders should avoid trading tomorrow especially in the first half.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 37535 then we will short for continuation for the target of 37300 and 37100.
For buying we need a 15 Min candle close above 37850. Upside targets will be 38125 and 38350.
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 37850
Sl-37735
T-38125 38350
Sell-Below 37535
Sl-37650
T-37300 37100
BANKNIFTY has closed on a negative note with 0.3% cut. Today it opened with a big gap up and 10 o'clock range broke downside below 37925 and gave a trendy move till 37540. Our positional short's trailing sl is intact to last swing high - 38370. Above which a pullback of the current down move may come. Also tomorrow is RBI Credit policy , safe traders should avoid trading tomorrow especially in the first half.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes below 37535 then we will short for continuation for the target of 37300 and 37100.
For buying we need a 15 Min candle close above 37850. Upside targets will be 38125 and 38350.
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.
