BANKNIFTY Intraday Trade Setup For 18 Jan 2023
Buy-Above 42310
Sl-42200
T-42510 42710+
Sell-Below 42055
Sl-42165
T-41860 41675
BANKNIFTY has closed almost on a flat note today. It just closed with 67 points gain. Daily candle looks like a pin bar which shows bullishness. Bullish sentiment will continue above today's high. Incase its low is broken and sustained then we may see sharp fall in the coming days. Today it opened almost flat and then sell triggered below 42065 and hit our 1st target. Sharp recovery was seen from 1st target.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42310 then we will long for the target of 42510 and 42710+
For selling we need a 15 Min candle close below 42055. T- 41860 and 41675.
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 42310
Sl-42200
T-42510 42710+
Sell-Below 42055
Sl-42165
T-41860 41675
BANKNIFTY has closed almost on a flat note today. It just closed with 67 points gain. Daily candle looks like a pin bar which shows bullishness. Bullish sentiment will continue above today's high. Incase its low is broken and sustained then we may see sharp fall in the coming days. Today it opened almost flat and then sell triggered below 42065 and hit our 1st target. Sharp recovery was seen from 1st target.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42310 then we will long for the target of 42510 and 42710+
For selling we need a 15 Min candle close below 42055. T- 41860 and 41675.
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.
