BANKNIFTY Intraday Trade Setup For 29 Sep 2022
Buy-Above 38370
Sl-38250
T-38700 39000
Sell-Below 37625
Sl-37740
T-37365 37145
BANKNIFTY has closed on a negative note with 1.56% cut. Today our short trade gave more than 6.5% gain which was triggered on 23 Sep 2022 (40280-37627). Now you can book some profit or trail to last swing high - 38370 or PDH but that is big tsl BTW. Last day we planned to short below 38180 for the target of 37933 and below. However this trade worked. 10 o'clock range broke upside and gave 110 points move.
Coming to tomorrow's trade setup, if index opens flat and a 5 min candle closes below 37625 then we will short for the target 37365 and 37145. Be strict in trailing as tomorrow is Monthly expiry.
For buying we need to wait for a 15 Min candle close above 38370. Target will be 38700 and 39000.
We may trade inside today's high and low as after a big move we are likely to consolidate.
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 38370
Sl-38250
T-38700 39000
Sell-Below 37625
Sl-37740
T-37365 37145
BANKNIFTY has closed on a negative note with 1.56% cut. Today our short trade gave more than 6.5% gain which was triggered on 23 Sep 2022 (40280-37627). Now you can book some profit or trail to last swing high - 38370 or PDH but that is big tsl BTW. Last day we planned to short below 38180 for the target of 37933 and below. However this trade worked. 10 o'clock range broke upside and gave 110 points move.
Coming to tomorrow's trade setup, if index opens flat and a 5 min candle closes below 37625 then we will short for the target 37365 and 37145. Be strict in trailing as tomorrow is Monthly expiry.
For buying we need to wait for a 15 Min candle close above 38370. Target will be 38700 and 39000.
We may trade inside today's high and low as after a big move we are likely to consolidate.
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.
