BANKNIFTY Intraday Trade Setup For 21 Jan 2022
Buy-Above 38100
Sl-38000
T-38200 38300
Sell-Below 37590
Sl-37690
T-37350
BANKNIFTY continued its downside momentum today also. We planned to sell below 37780 index gave more than 180 points profit in sell side. However index showed weakness when 38000 was broke in the morning only.
Coming to Friday's trade setup, we will once again sell below today's low 37590 for the target of 37350.
Buying can be avoided as of now. We need price action above 38200 for a buy trade. However if we get a closing above 38060 in 15 min TF then we can plan a buy trade for the target of 100 points.
Buy-Above 38100
Sl-38000
T-38200 38300
Sell-Below 37590
Sl-37690
T-37350
BANKNIFTY continued its downside momentum today also. We planned to sell below 37780 index gave more than 180 points profit in sell side. However index showed weakness when 38000 was broke in the morning only.
Coming to Friday's trade setup, we will once again sell below today's low 37590 for the target of 37350.
Buying can be avoided as of now. We need price action above 38200 for a buy trade. However if we get a closing above 38060 in 15 min TF then we can plan a buy trade for the target of 100 points.
