BANKNIFTY Intraday Trade Setup For 1 Apr 2022
Buy-Above 36600
Sl-36500
T-36700 36800
Sell-Below 36270
Sl-36400
T-36135 36000
BANKNIFTY has closed almost flat today. It opened with 120 points gap up. We planned to buy above 36450 if 15 Min candle is closed above. But as our buy initiated a shooting star candle was formed and we had to exit with a small gain. Then index fell till 36300.
Coming to tomorrow's trade setup, we will sell below today's low. If a 15 Min candle closes below 36300 then below that candle low we can plan a short position for the target of 36135 and 36000. 36000 is a psychological level and can act as a support so book max here.
For buying we need a 15 Min candle close above 36600. Target will be 36700 and 36800. However an aggressive scalp buy can be done above 36450 if a 5/15 Min candle closes above that. Target in this case will be 36550.
In case of a big gap up/down, wait till 10 o'clock and trade the 10 o'clock range breakout/down.
Buy-Above 36600
Sl-36500
T-36700 36800
Sell-Below 36270
Sl-36400
T-36135 36000
BANKNIFTY has closed almost flat today. It opened with 120 points gap up. We planned to buy above 36450 if 15 Min candle is closed above. But as our buy initiated a shooting star candle was formed and we had to exit with a small gain. Then index fell till 36300.
Coming to tomorrow's trade setup, we will sell below today's low. If a 15 Min candle closes below 36300 then below that candle low we can plan a short position for the target of 36135 and 36000. 36000 is a psychological level and can act as a support so book max here.
For buying we need a 15 Min candle close above 36600. Target will be 36700 and 36800. However an aggressive scalp buy can be done above 36450 if a 5/15 Min candle closes above that. Target in this case will be 36550.
In case of a big gap up/down, wait till 10 o'clock and trade the 10 o'clock range breakout/down.
