BANKNIFTY Intraday Trade Setup For 29 Mar 2023
Buy-Above 39700
Sl-39590
T- 39955 40200+
Sell-Below 39450
Sl-39560
T- 39275 38945
BANKNFITY has closed with a slight bullish sentiment with 0.35% gain. Nothing triggered as per trade setup as it traded complete sideways within yesterday's range. It has formed a Pinbar in daily TF above today's high we will give a very good up move. 39270 is important level for the downside. Breakdown can give a parabolic down move towards 38750. In between one should avoid trading as it is just sideways with messy momentum in between.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 39700 then we will long for the target of 39955 and 40200+.
For selling we need a 15 Min candle close below 39450. T- 39275 38945. Parabolic move will come below 39270.
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 39700
Sl-39590
T- 39955 40200+
Sell-Below 39450
Sl-39560
T- 39275 38945
BANKNFITY has closed with a slight bullish sentiment with 0.35% gain. Nothing triggered as per trade setup as it traded complete sideways within yesterday's range. It has formed a Pinbar in daily TF above today's high we will give a very good up move. 39270 is important level for the downside. Breakdown can give a parabolic down move towards 38750. In between one should avoid trading as it is just sideways with messy momentum in between.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 39700 then we will long for the target of 39955 and 40200+.
For selling we need a 15 Min candle close below 39450. T- 39275 38945. Parabolic move will come below 39270.
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.
