BANKNIFTY Intraday Trade Setup For 6 Dec 2022
Buy-Above 43375
Sl-43265
T-43537 43713
Sell-Below 43159
Sl-43270
T-42950 42700
BANKNIFTY has closed on a positive sentiment with more than 0.5% gain today. It has closed near day high which is a sign of bullishness. This sentiment will continue above today's high. It was a V shape day today. We saw a shar fall in the 1st 45 Min then a sharp recovery. Buy triggered as per trade setup and gave more than 200 points gain which was 1:2. In daily TF it has been consolidating for a long time.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 43375 then we will long for the target of 43537. Above 43550 we will head higher till marked zones.
For selling we need a 15 min candle close below 43159. Target will be 42950. Below 42930 we will hit 42700.
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 43375
Sl-43265
T-43537 43713
Sell-Below 43159
Sl-43270
T-42950 42700
BANKNIFTY has closed on a positive sentiment with more than 0.5% gain today. It has closed near day high which is a sign of bullishness. This sentiment will continue above today's high. It was a V shape day today. We saw a shar fall in the 1st 45 Min then a sharp recovery. Buy triggered as per trade setup and gave more than 200 points gain which was 1:2. In daily TF it has been consolidating for a long time.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 43375 then we will long for the target of 43537. Above 43550 we will head higher till marked zones.
For selling we need a 15 min candle close below 43159. Target will be 42950. Below 42930 we will hit 42700.
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.
