BANKNIFTY Intraday Trade Setup For 25 Apr 2023
Buy-Above 42715
Sl-42610
T- 42937 43150
Sell-Below 42570
Sl-42675
T- 42409 42245
BANKNIFTY has closed on a bullish sentiment with 1.23% gain today. We discussed on weekend that index can pick up any direction and we have to be neutral and just wait for the levels to be breached. We discussed that 42385 and 41960 are important level and above and below respectively directional move will come. It opened with a big gap up today directly above 42385 and sustained. From there it gave a non stop move till 42714. 10 o'clock range also broke upside above 42465 and gave almost 250 points gain with 55 points sl.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 42715 then we will long for the target of 42937 and 43150.
For selling we need a 15 Mi candle close below 42570. T- 42409 and 42245.
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 42715
Sl-42610
T- 42937 43150
Sell-Below 42570
Sl-42675
T- 42409 42245
BANKNIFTY has closed on a bullish sentiment with 1.23% gain today. We discussed on weekend that index can pick up any direction and we have to be neutral and just wait for the levels to be breached. We discussed that 42385 and 41960 are important level and above and below respectively directional move will come. It opened with a big gap up today directly above 42385 and sustained. From there it gave a non stop move till 42714. 10 o'clock range also broke upside above 42465 and gave almost 250 points gain with 55 points sl.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 42715 then we will long for the target of 42937 and 43150.
For selling we need a 15 Mi candle close below 42570. T- 42409 and 42245.
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.
