BANKNIFTY Intraday Trade Setup For 13 May 2022
Sell_1- From 34000
Sl-34100
T-33800 33500
Sell-Below 33290
Sl- 33400
T- 33000 32700
BANKNIFTY has closed with more than 1100 points cut. It opened opened with a very big gap down. PDL was broken in the 1st 5 Min. 10 o'clock range shifted below 33800 and gave a massive downside move till 33300. No reversal was spotted. Below today's low this downside move will continue.
Coming to tomorrow's trade setup, if a 15 Min candle closes below 33300 then below that candle we will sell. Targets will be 33000 and 32700.
Second sell position can be opened from 34000. Sl will be small from here. This will be effective if it opens gap up or comes to 34000 in the 1st 45 Min.
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.
Hourly Support- 32200
Hourly Resistance-34800
Intraday Support- 32650
Intraday Resistance- 34000
Sell_1- From 34000
Sl-34100
T-33800 33500
Sell-Below 33290
Sl- 33400
T- 33000 32700
BANKNIFTY has closed with more than 1100 points cut. It opened opened with a very big gap down. PDL was broken in the 1st 5 Min. 10 o'clock range shifted below 33800 and gave a massive downside move till 33300. No reversal was spotted. Below today's low this downside move will continue.
Coming to tomorrow's trade setup, if a 15 Min candle closes below 33300 then below that candle we will sell. Targets will be 33000 and 32700.
Second sell position can be opened from 34000. Sl will be small from here. This will be effective if it opens gap up or comes to 34000 in the 1st 45 Min.
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.
Hourly Support- 32200
Hourly Resistance-34800
Intraday Support- 32650
Intraday Resistance- 34000
