BANKNIFTY Intraday Trade Setup For 13 Sep 2022
Buy-Above 40690
Sl-40590
T-40800 40935
Sell-Below 40530
Sl-40630
T-40413 40280
BANKNIFTY has closed on a positive note with 0.39% gain. Its an pause cum reversal candle formed in daily TF also its an inside candle. Above and below mother's candle high and low we can expect a direction move. Last day we planned to buy above 40475 this trade gave more than 200 points gain. 10 o'clock range breakout gave just 80 points move as it turned sideways after 10 o'clock.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 40690 then we will long for the target of 40800 40937 and above.
If index opens flat and a 5 min candle closes below 40530 then we will short for the target of 40413 and 40280.
Important range is 40700 and 40280, above and below a direction move can be expected.
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 40690
Sl-40590
T-40800 40935
Sell-Below 40530
Sl-40630
T-40413 40280
BANKNIFTY has closed on a positive note with 0.39% gain. Its an pause cum reversal candle formed in daily TF also its an inside candle. Above and below mother's candle high and low we can expect a direction move. Last day we planned to buy above 40475 this trade gave more than 200 points gain. 10 o'clock range breakout gave just 80 points move as it turned sideways after 10 o'clock.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes above 40690 then we will long for the target of 40800 40937 and above.
If index opens flat and a 5 min candle closes below 40530 then we will short for the target of 40413 and 40280.
Important range is 40700 and 40280, above and below a direction move can be expected.
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.
