BANKNIFTY Intraday Trade Setup For 27 Apr 2022
Buy-Above 36500
Sl-36400
T-36600 36750 36950
Sell-Below 36250
Sl-36350
T-36100 36000 35900
BANKNIFTY reclaimed its 200 EMA id daily TF. After a big gap up. It was a volatile session. Bounced from our buy level which was PDL. Above today's high and below today's low we will get a good move. In between it will be volatile session.
For selling if a 15 Min candle closes below today's low, short for the target of 36100 36000 and 35900.
For buying safe traders should enter above 36610. Targets will be opened up till 36750 and 36950. Our PRZ and the hourly trendline is plotted nearby. Book max there. 37000 is a resistance and PRZ area. Aggressive traders can long above 36500 if a 15 Min candle closes above this.
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 36500
Sl-36400
T-36600 36750 36950
Sell-Below 36250
Sl-36350
T-36100 36000 35900
BANKNIFTY reclaimed its 200 EMA id daily TF. After a big gap up. It was a volatile session. Bounced from our buy level which was PDL. Above today's high and below today's low we will get a good move. In between it will be volatile session.
For selling if a 15 Min candle closes below today's low, short for the target of 36100 36000 and 35900.
For buying safe traders should enter above 36610. Targets will be opened up till 36750 and 36950. Our PRZ and the hourly trendline is plotted nearby. Book max there. 37000 is a resistance and PRZ area. Aggressive traders can long above 36500 if a 15 Min candle closes above this.
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.
