BANKNIFTY Intraday Trade Setup For 27 Oct 2023 || Daily Analysis
BANKNIFTY Intraday Trade Setup For 27 Oct 2023
Bullish-Above 42380
Invalid-Below 42270
T-42650 42925
Bearish-Below 42100
Invalid-42210
T-41835 41487
BANKNIFTY has closed once again on a complete bearish note today with 1.29% cut. It opened with a slight cut actual trade was 10 o'clock range breakout which happened in the downside below 42370 and gave a move till 42110 and risk (last swing high) was 42460. Tomorrow above 42380 after a flat opening we can give a good bounce. Be very strict in trailing after sell triggers ,especially near 41950.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42380 then we will long for the target of 42650 and 42925.
For selling we need a 15 Min candle close below 42100. T- 41835 41487
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 42380
Invalid-Below 42270
T-42650 42925
Bearish-Below 42100
Invalid-42210
T-41835 41487
BANKNIFTY has closed once again on a complete bearish note today with 1.29% cut. It opened with a slight cut actual trade was 10 o'clock range breakout which happened in the downside below 42370 and gave a move till 42110 and risk (last swing high) was 42460. Tomorrow above 42380 after a flat opening we can give a good bounce. Be very strict in trailing after sell triggers ,especially near 41950.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42380 then we will long for the target of 42650 and 42925.
For selling we need a 15 Min candle close below 42100. T- 41835 41487
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.
