BANKNIFTY Intraday Trade Setup For 29 Dec 2022
Buy-Above 43035
Sl-42925
T-43245 43510 43770
Sell-Below 42690
Sl-42800
T-42530 42385 42200
BANKNIFTY has closed on a absolute flat note. Today's closing is evident to tell what type of sentiment it was there in today's session. It was total sideways as it was near 43000 round level. Today buy triggered above 42930 and gave more than 1:1. It was mentioned in the trade setup that 43k is round level and effect will be seen. Today it traded within 340 points and formed a tiny candle in daily chart. Above its high and low next movement will be triggered.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 43035. T- 43245, 43510 and 43770.
For selling we need a 15 min candle close below 42690. T- 42530, 42385 and 42200.
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 43035
Sl-42925
T-43245 43510 43770
Sell-Below 42690
Sl-42800
T-42530 42385 42200
BANKNIFTY has closed on a absolute flat note. Today's closing is evident to tell what type of sentiment it was there in today's session. It was total sideways as it was near 43000 round level. Today buy triggered above 42930 and gave more than 1:1. It was mentioned in the trade setup that 43k is round level and effect will be seen. Today it traded within 340 points and formed a tiny candle in daily chart. Above its high and low next movement will be triggered.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 43035. T- 43245, 43510 and 43770.
For selling we need a 15 min candle close below 42690. T- 42530, 42385 and 42200.
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.
