BANKNIFTY Intraday Trade Setup For 17 Nov 2022
BANKNIFTY Intraday Trade Setup For 17 Nov 2022
Buy-Above 42615
Sl-42500
T-42835 43055
Sell-Below 42398
Sl-42410
T- 42190 42000
BANKNIFTY has closed on a positive note with 0.38% gain. Last day inside candle's range was broken in higher side above 42350 and told that this breakout will be matured above PDH. So has happened and gave 150 points up move above our buy level. It just traded in a 300 points range as VIX and volume both have collapsed since last week. Next important resistance is 43055.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42615 then we will long for the target of 42835 and 43055.
For selling we need a 15 Min candle close below 42398. Target will be 41190 and near 42000. Below 41900 it will slide more.
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 42615
Sl-42500
T-42835 43055
Sell-Below 42398
Sl-42410
T- 42190 42000
BANKNIFTY has closed on a positive note with 0.38% gain. Last day inside candle's range was broken in higher side above 42350 and told that this breakout will be matured above PDH. So has happened and gave 150 points up move above our buy level. It just traded in a 300 points range as VIX and volume both have collapsed since last week. Next important resistance is 43055.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42615 then we will long for the target of 42835 and 43055.
For selling we need a 15 Min candle close below 42398. Target will be 41190 and near 42000. Below 41900 it will slide more.
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.
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