BANKNIFTY Intraday Trade Setup For 14 Feb 2022
Buy-Above 38610
Sl-38500
T-38800 39000
Sell-Below 38390
Sl-38490
T-38200 38000
BANKNIFTY has closed in a negative note. It opened with a big gap down on Friday. It has just consolidated in a 390 points range. This range is very important for Monday's trade setup. Market structure will be bullish only above 39500 is closed in daily TF.
BANKNIFTY has made a base near 38400.If index breaks this support then we will sell below 38390 for the target of 38000. Sell trade will be best if opens flat and crosses our sell level. This will be with momentum. 38000 is a psychological level. We will book profits near that range.
For buying if index opens flat and a 15 Min candle closes above 38600 then we will buy for the target of 38770.This is a aggressive trade. Above 38800 we will get a fresh move till 39000 and 39100. Eat in pieces.
Range is 38800 and 38400. Directional move will come on this range breakout or breakdown.
Best trade will be in sell side if index opens flat. In case of a big gap up or gap down. We will wait till 10 o'clock and trade that range.
Buy-Above 38610
Sl-38500
T-38800 39000
Sell-Below 38390
Sl-38490
T-38200 38000
BANKNIFTY has closed in a negative note. It opened with a big gap down on Friday. It has just consolidated in a 390 points range. This range is very important for Monday's trade setup. Market structure will be bullish only above 39500 is closed in daily TF.
BANKNIFTY has made a base near 38400.If index breaks this support then we will sell below 38390 for the target of 38000. Sell trade will be best if opens flat and crosses our sell level. This will be with momentum. 38000 is a psychological level. We will book profits near that range.
For buying if index opens flat and a 15 Min candle closes above 38600 then we will buy for the target of 38770.This is a aggressive trade. Above 38800 we will get a fresh move till 39000 and 39100. Eat in pieces.
Range is 38800 and 38400. Directional move will come on this range breakout or breakdown.
Best trade will be in sell side if index opens flat. In case of a big gap up or gap down. We will wait till 10 o'clock and trade that range.
