BANKNIFTY Intraday Trade Setup For 28 Mar 2023
Buy-Above 39700
Sl-39590
T- 39950 40200+
Sell-Below 39270
Sl-39380
T-38945 38615
BANKNIFTY has closed closed on a flat note with just 35 points gain. It has formed a spinning top like candle in daily TF. This is a sign of indecision and same kangaroo moves were seen in today's session. Buy triggered as per trade setup which hit sl as it was trading a range the whole day. It has made a base at 39270 since last two days. So below this there will be very good directional move. If we make a bullish price structure and sustain above 39500 then we can head higher. Above 39700 it will be confirmed.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39700 then we will long for the target of 39950 and 40200.
For selling we need a 15 Min candle close below 39270. T- 38945 and 38615.
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 39700
Sl-39590
T- 39950 40200+
Sell-Below 39270
Sl-39380
T-38945 38615
BANKNIFTY has closed closed on a flat note with just 35 points gain. It has formed a spinning top like candle in daily TF. This is a sign of indecision and same kangaroo moves were seen in today's session. Buy triggered as per trade setup which hit sl as it was trading a range the whole day. It has made a base at 39270 since last two days. So below this there will be very good directional move. If we make a bullish price structure and sustain above 39500 then we can head higher. Above 39700 it will be confirmed.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39700 then we will long for the target of 39950 and 40200.
For selling we need a 15 Min candle close below 39270. T- 38945 and 38615.
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.
