BANKNIFTY Intraday Trade Setup For 15 Mar 2022
Buy-Above 35450
Sl-35350
T-35600 35720 35900
Sell-Below 35000
Sl-35100
T-34800 34600 34400
BANKNIFTY has closed 750+ points up today. Half the gain came from HDFCBANK alone after RBI lifted all restrictions. We planned on weekend to buy above 34700 if we get a 15 min candle close. Trade went all smooth from 34700 to 35435. It was a fantastic day as it was trending.
Coming to tomorrow's trade, we will buy on swing breakout first, this is the first and ideal trade. So, we will buy 35450 on 15 Min candle close for the target of 35722 36000 36150+.
For selling no aggressive selling with big targets can be achieved as of now till 34600 is safe. So between that we will eat in pieces. Last swing low in 15 Min chart is 35170, so if we trade below that then our short will be triggered below 35000, target will be 34800 and 34600 below 35000.
In case we open very big gap up/down, we will wait till 10 o'clock and trade that range breakout/breakdown.
Buy-Above 35450
Sl-35350
T-35600 35720 35900
Sell-Below 35000
Sl-35100
T-34800 34600 34400
BANKNIFTY has closed 750+ points up today. Half the gain came from HDFCBANK alone after RBI lifted all restrictions. We planned on weekend to buy above 34700 if we get a 15 min candle close. Trade went all smooth from 34700 to 35435. It was a fantastic day as it was trending.
Coming to tomorrow's trade, we will buy on swing breakout first, this is the first and ideal trade. So, we will buy 35450 on 15 Min candle close for the target of 35722 36000 36150+.
For selling no aggressive selling with big targets can be achieved as of now till 34600 is safe. So between that we will eat in pieces. Last swing low in 15 Min chart is 35170, so if we trade below that then our short will be triggered below 35000, target will be 34800 and 34600 below 35000.
In case we open very big gap up/down, we will wait till 10 o'clock and trade that range breakout/breakdown.
