BANKNIFTY Intraday Trade Setup For 04 Jan 2022
Buy-Above 36600
Sl-36500
T-36800 37160
Sell-None
BANKNIFTY just gave us huge profits on buy side.
We already planned for this trade and traded today. 35500 was the neckline of the double bottom in hourly TF.
We discussed that if 35500 is broken out then our target will be near 36800, out of which we got 800 points profit today only. I squared off my 35500 put which we sold at 470-480 on 31 Dec 2021 at 9:17. Got more than 400 points in that position. Also bought 35500 CE at 400 today and sold at double however gave more than double 400-1000.
Coming to Tuesday Trade Setup, We will simply buy above today high i.e 36500 for the target of 36800 will book some qty here rest will trail for the target of 37000.
No selling here. 36000 will act as a support from now. For selling we need closing below 36000 in daily TF ,and Price action below 36000 in 15 Min TF.
Buy-Above 36600
Sl-36500
T-36800 37160
Sell-None
BANKNIFTY just gave us huge profits on buy side.
We already planned for this trade and traded today. 35500 was the neckline of the double bottom in hourly TF.
We discussed that if 35500 is broken out then our target will be near 36800, out of which we got 800 points profit today only. I squared off my 35500 put which we sold at 470-480 on 31 Dec 2021 at 9:17. Got more than 400 points in that position. Also bought 35500 CE at 400 today and sold at double however gave more than double 400-1000.
Coming to Tuesday Trade Setup, We will simply buy above today high i.e 36500 for the target of 36800 will book some qty here rest will trail for the target of 37000.
No selling here. 36000 will act as a support from now. For selling we need closing below 36000 in daily TF ,and Price action below 36000 in 15 Min TF.
