BANKNIFTY Intraday Trade Setup For 10 May 2023
BANKNIFTY Intraday Trade Setup For 10 May 2023
Buy-Above 43350
Sl-43245
T- 43555 43775
Sell-Below 43120
Sl-43225
T- 42937 42759
BANKNIFTY has closed on a slight bearish sentiment with 0.2% cut. Today buy triggered as per trades setup above 43420 and gave more than 110 points gain which was 1:1. Later profit booking took place from day high. After an impulse some sideways momentum is very obvious that is why we have 2 consecutive inside candles in daily TF. Above today's high - 43535 if sustained we will have very good bullish momentum whenever it is triggered. Below today's low we can slide till some extent.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43345 then we will long for the target of 43555 and 43775.
For selling we need a 15 Min candle close below 43120. T- 42937 and 42759.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Buy-Above 43350
Sl-43245
T- 43555 43775
Sell-Below 43120
Sl-43225
T- 42937 42759
BANKNIFTY has closed on a slight bearish sentiment with 0.2% cut. Today buy triggered as per trades setup above 43420 and gave more than 110 points gain which was 1:1. Later profit booking took place from day high. After an impulse some sideways momentum is very obvious that is why we have 2 consecutive inside candles in daily TF. Above today's high - 43535 if sustained we will have very good bullish momentum whenever it is triggered. Below today's low we can slide till some extent.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43345 then we will long for the target of 43555 and 43775.
For selling we need a 15 Min candle close below 43120. T- 42937 and 42759.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
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