BANKNIFTY Intraday Trade Setup For 14 Sep 2023
Bullish-Above 46000
Invalid-Below 45890
T- 46250 46515
Bearish-Below 45610
Invalid- Above 45720
T- 45295 45050
BANKNIFTY has closed on a bullish note with 0.87% gain today. Buy triggered as per trade setup above 45630 and 1st target was achieved very smoothly (45630-45990). Initially sell level was tested but not sustained. On Apr 8 daily range was broken in the upside above 45k and was updated that we will have a direction move and is approaching its ATH. Now TSL swing position is today's low- 45290.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46000 then we will long for the target of 46250 and 46515.
For selling we need a 15 min candle close below 45610. T- 45300 and 45050.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
Bullish-Above 46000
Invalid-Below 45890
T- 46250 46515
Bearish-Below 45610
Invalid- Above 45720
T- 45295 45050
BANKNIFTY has closed on a bullish note with 0.87% gain today. Buy triggered as per trade setup above 45630 and 1st target was achieved very smoothly (45630-45990). Initially sell level was tested but not sustained. On Apr 8 daily range was broken in the upside above 45k and was updated that we will have a direction move and is approaching its ATH. Now TSL swing position is today's low- 45290.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 46000 then we will long for the target of 46250 and 46515.
For selling we need a 15 min candle close below 45610. T- 45300 and 45050.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
