BANKNIFTY Intraday Trade Setup For 24 Mar 2022
Buy-Above 36400
Sl-36300
T-36680 36800 37000
Sell-Below 36000
Sl-36100
T-35800 35660 35400
BANKNIFTY has closed in 200 points in red. We planned to buy above 36620 but index opened with a decent gap up. So it was invalid. We planned to trade the 10 o'clock range breakout/down in case a gap up/down. Range was broken downside below 36480. Index fell till 36070. However we sold below the 1st 15 Min shooting star candle low.
Coming to tomorrow's trade setup, we will sell below 36000. If a 15 Min candle closes below this. Aggressive traders can sell below 36050 also. Target will be 35800 and 35660. Below 35660 index will test 35500 and 35400.
For buying we need a 15 Min candle close above 36400. Above that candle high we will build our long for the target of 36680 and 36800. Above 36850 we can get a good upside move till 37000 and above.
In case of a big gap up/down, wait till 10 o'clock range and trade that range breakout/breakdown.
Buy-Above 36400
Sl-36300
T-36680 36800 37000
Sell-Below 36000
Sl-36100
T-35800 35660 35400
BANKNIFTY has closed in 200 points in red. We planned to buy above 36620 but index opened with a decent gap up. So it was invalid. We planned to trade the 10 o'clock range breakout/down in case a gap up/down. Range was broken downside below 36480. Index fell till 36070. However we sold below the 1st 15 Min shooting star candle low.
Coming to tomorrow's trade setup, we will sell below 36000. If a 15 Min candle closes below this. Aggressive traders can sell below 36050 also. Target will be 35800 and 35660. Below 35660 index will test 35500 and 35400.
For buying we need a 15 Min candle close above 36400. Above that candle high we will build our long for the target of 36680 and 36800. Above 36850 we can get a good upside move till 37000 and above.
In case of a big gap up/down, wait till 10 o'clock range and trade that range breakout/breakdown.
