BANKNIFTY Intraday Trade Setup For 10 Nov 2021
Buy-Above 39600
Sl-39500
Target-39735 39897 40000
Sell-Below 39200
Sl-39300
T-39000 38790
Banknifty has just consolidated. One positive note is that the dynamic resistance in the hourly time-frame is taken out. Today's range is very important. We are simply going trade on the range shift. If range high i.e 39560 is broken then banknifty will hit 39900 in no time. But if range low i.e 39200 is broken then index will head towards 39000 and if 39900 is taken out then we can see free fall in banknifty.
In between we are not going to trade, and will prefer selling the range.
Buy-Above 39600
Sl-39500
Target-39735 39897 40000
Sell-Below 39200
Sl-39300
T-39000 38790
Banknifty has just consolidated. One positive note is that the dynamic resistance in the hourly time-frame is taken out. Today's range is very important. We are simply going trade on the range shift. If range high i.e 39560 is broken then banknifty will hit 39900 in no time. But if range low i.e 39200 is broken then index will head towards 39000 and if 39900 is taken out then we can see free fall in banknifty.
In between we are not going to trade, and will prefer selling the range.
