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Trading_hawk
Jan 10, 2022 11:52 AM

Simple Trade Setup | BANKNIFTY | 11-01-2022 [INTRADAY] 

Nifty Bank IndexNSE

Description

NSE:BANKNIFTY

Trade Setup for 11-01-2022

1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.

2) Everything is mentioned on the chart. I hope it is easy to understand.

3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.

4) Avoid gap up or gap down chase. Wait and trade between levels.

Please refer below chart for levels.


Hope I made it easy to understand it.

Do comment your doubt or suggestion.

Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Comments
Prawinr
I m holding 38000 pe at avg 255 . should I hold or exit 3 lots ? pl suggest
kaviyamaranismine
@Prawinr i think u should exit
Trading_hawk
@kaviyamaranismine, Thank you for your comment.
Trading_hawk
@Prawinr, if you have enter trade with your pre decided SL then you can exit at your SL.
Otherwise if it sustain above 38470 then it will be your exit.
As per my rules, I am against keeping overnight position. So better not to take position in overnight.
ramclap
Thank you sir !
Trading_hawk
@ramclap, 🙏🙏🙏
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