BANKNIFTY Intraday Trade Setup For 28 Jan 2022
BANKNIFTY Intraday Trade Setup For 28 Jan 2022
Buy-Above 38200
Sl-38100
T-38400 38570
Sell-Below 37700
Sl-37800
T-37500 37400
BANKNIFTY opened with a very big gap down today. Our sell level was 37300 index hit our sell level and fell till 370060 in the 1st 30 min. Index took support from 37000 and bounced till 38000. This move was also captured when intraday trendline resistance broke after 12:15 .
Coming to tomorrow's trade we will once again but above today's high just need a closing in 5 Min TF. target will be around 38500 level.
For selling 37700 is important. We can plan to short below this for a target of 200-300 points.
No aggressive selling in BANKNIFTY as of now.
For bullish trade prefer trading BANKNIFTY than NIFTY.
Since last two trading session index is following the same behaviour. Try to enter in pullback after the trendline breakout.
Buy-Above 38200
Sl-38100
T-38400 38570
Sell-Below 37700
Sl-37800
T-37500 37400
BANKNIFTY opened with a very big gap down today. Our sell level was 37300 index hit our sell level and fell till 370060 in the 1st 30 min. Index took support from 37000 and bounced till 38000. This move was also captured when intraday trendline resistance broke after 12:15 .
Coming to tomorrow's trade we will once again but above today's high just need a closing in 5 Min TF. target will be around 38500 level.
For selling 37700 is important. We can plan to short below this for a target of 200-300 points.
No aggressive selling in BANKNIFTY as of now.
For bullish trade prefer trading BANKNIFTY than NIFTY.
Since last two trading session index is following the same behaviour. Try to enter in pullback after the trendline breakout.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.