BANKNIFTY Intraday trade Setup For 28 Feb 2023
Buy-Above 40375
Sl-40265
T- 40550 40725
Sell-Below 40070
Sl-40180
T- 39832 39590
BANKNIFTY has closed on a bullish sentiment with 1% gain today. After one week it has closed on bullish sentiment and has closed at PDH. Sentimental halt has happened after the Pinbar candle formed 23 Feb. We are likely to give pullback of the down move. We can test max 41150 in this pullback move. Today buy triggered as per trade setup and hit our targets very smoothly. Trade gave 300 points gain (40065-40371). Below 39600 if sustained in daily TF then next round of selling will start.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 40375 then we will long for the target of 40550 and 40725. Extended T- 41120-50.
For selling we need a 15 Min candle close below 40070. T- 39832 and 39590.
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 40375
Sl-40265
T- 40550 40725
Sell-Below 40070
Sl-40180
T- 39832 39590
BANKNIFTY has closed on a bullish sentiment with 1% gain today. After one week it has closed on bullish sentiment and has closed at PDH. Sentimental halt has happened after the Pinbar candle formed 23 Feb. We are likely to give pullback of the down move. We can test max 41150 in this pullback move. Today buy triggered as per trade setup and hit our targets very smoothly. Trade gave 300 points gain (40065-40371). Below 39600 if sustained in daily TF then next round of selling will start.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 40375 then we will long for the target of 40550 and 40725. Extended T- 41120-50.
For selling we need a 15 Min candle close below 40070. T- 39832 and 39590.
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.
