BANKNIFTY Intraday Trade Setup For 13 Mar 2023
Buy-Above 40525
Sl-40415
T-40690 40850
Sell-Below 40340
Sl-40450
T- 40140 39940
BANKNIFTY has closed on a bearish sentiment with 1.86% cut last week. After a shooting star was formed on 6 Mar 2023 it was updated that its high and low and important for trigger of momentum any side. Its low was broken and it just took a deep dive. More than 900 points tanked till now. As of now 41700 and 40340 is the range, direction momentum will come above and below these levels. Sentimental halt in the current down move will be seen when we close above PDH.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 40525 then we will long for the target of 40690 ad 40850.
For selling we need a 15 min candle close below 40340. T- 40140 and 39940.
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 40525
Sl-40415
T-40690 40850
Sell-Below 40340
Sl-40450
T- 40140 39940
BANKNIFTY has closed on a bearish sentiment with 1.86% cut last week. After a shooting star was formed on 6 Mar 2023 it was updated that its high and low and important for trigger of momentum any side. Its low was broken and it just took a deep dive. More than 900 points tanked till now. As of now 41700 and 40340 is the range, direction momentum will come above and below these levels. Sentimental halt in the current down move will be seen when we close above PDH.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 40525 then we will long for the target of 40690 ad 40850.
For selling we need a 15 min candle close below 40340. T- 40140 and 39940.
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.
