BANKNIFTY Intraday Trade Setup For 15 Feb 2022
Buy- None
Sell-Below 36800
Sl-36900
T-36550 36375 36200
BANKNIFTY has formed a big bearish candle in daily TF. It fell more than 1600 points today. However half of the fall is contributed from gap down opening. No previous high was tested in 15 TF. It made a triangle till 2 o'clock. It fell from 37200 to till 36830 after the breakdown.
It is sell on rise. No buying as of now. The best and ideal trade will be in short side. If index opens flat and crosses 38800. We will sell for the target of 36550 and 36400.
Below 36300 index is likely to hit 35550 level in coming days.
If index opens big gap down once again then we have o wait till 10 o'clock and trade that range breakout or breakdown.
Same goes in case of a big bap up also.
Ideal trade will be on sell side with flat opening.
Buy- None
Sell-Below 36800
Sl-36900
T-36550 36375 36200
BANKNIFTY has formed a big bearish candle in daily TF. It fell more than 1600 points today. However half of the fall is contributed from gap down opening. No previous high was tested in 15 TF. It made a triangle till 2 o'clock. It fell from 37200 to till 36830 after the breakdown.
It is sell on rise. No buying as of now. The best and ideal trade will be in short side. If index opens flat and crosses 38800. We will sell for the target of 36550 and 36400.
Below 36300 index is likely to hit 35550 level in coming days.
If index opens big gap down once again then we have o wait till 10 o'clock and trade that range breakout or breakdown.
Same goes in case of a big bap up also.
Ideal trade will be on sell side with flat opening.
