BANKNIFTY Intraday Trade Setup For 10 Mar 2022
BANKNIFTY Intraday Trade Setup For 10 Mar 2022
Buy-Above 34020
Sl-33900
T-34200 34500 34650
Sell-Below 33700
Sl-33800
T-33500 33300
BANKNIFTY has closed on a positive note on Wednesday. Shorts have been covered before a day of expiry. We planned to buy above 33300. After making a tight range below 33300, range broke and shot up till 33969. It was a good day.
Coming to tomorrow's trade setup, we are going to use the last 1 hour range to build our trade for Expiry day. If we open flat and a 15 candle closes above 34000, then above 34020 or above that 15 Min candle we will buy for the target of 34200 and 34500.
For selling if we get a 15 candle closes below 33727 then below 33700 we will sell for the target of 33500. 33470-33500 can give a support. But if that is broken after a bounce then next round of selling will come till 33300.
Tomorrow is expiry, trade carefully. In case of any big gap/down use 10 o'clock range.
Buy-Above 34020
Sl-33900
T-34200 34500 34650
Sell-Below 33700
Sl-33800
T-33500 33300
BANKNIFTY has closed on a positive note on Wednesday. Shorts have been covered before a day of expiry. We planned to buy above 33300. After making a tight range below 33300, range broke and shot up till 33969. It was a good day.
Coming to tomorrow's trade setup, we are going to use the last 1 hour range to build our trade for Expiry day. If we open flat and a 15 candle closes above 34000, then above 34020 or above that 15 Min candle we will buy for the target of 34200 and 34500.
For selling if we get a 15 candle closes below 33727 then below 33700 we will sell for the target of 33500. 33470-33500 can give a support. But if that is broken after a bounce then next round of selling will come till 33300.
Tomorrow is expiry, trade carefully. In case of any big gap/down use 10 o'clock range.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.