BANKNIFTY Intraday Trade Setup For 14 Feb 2023
BANKNIFTY Intraday Trade Setup For 14 Feb 2023
Buy-Above 41380
Sl-41270
T-41529 41680
Sell-Below 41150
Sl-41260
T-40995 40835
BANKNIFTY has closed on a bearish sentiment with 0.67% cut today. It opened flat and sell triggered below 41424 and made a low of 41560. This trade gave more than 250 points profit which was more than 1:2. Later it turned complete sideways and slept at 41300 for more than 2 hours. Today's low is important, breakdown can start to build bearish price structure in hourly and daily TF. Above 41800 it will to build bullish price structure in hourly and daily TF. We will simply use the range to build our trade setup for the next session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 41380 then we will long for the target of 41529 and 41680.
For selling we need a 15 Min candle close below 41150. T- 40995 and 40835.
Till the time it is inside ranges and VIX is near 12 small targets have to be considered.
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 41380
Sl-41270
T-41529 41680
Sell-Below 41150
Sl-41260
T-40995 40835
BANKNIFTY has closed on a bearish sentiment with 0.67% cut today. It opened flat and sell triggered below 41424 and made a low of 41560. This trade gave more than 250 points profit which was more than 1:2. Later it turned complete sideways and slept at 41300 for more than 2 hours. Today's low is important, breakdown can start to build bearish price structure in hourly and daily TF. Above 41800 it will to build bullish price structure in hourly and daily TF. We will simply use the range to build our trade setup for the next session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 41380 then we will long for the target of 41529 and 41680.
For selling we need a 15 Min candle close below 41150. T- 40995 and 40835.
Till the time it is inside ranges and VIX is near 12 small targets have to be considered.
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.
Trade active:
target hit
long triggered @41380
41380-41700+
long triggered @41380
41380-41700+
