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BANKNIFTY Intraday Trade Setup For 21 Apr 2022BANKNIFTY Intraday Trade Setup For 21 Apr 2022 Buy-Above 36520 Sl-36420 T-36700 37000 Sell-Below 36100 Sl-36200 T-36950 35770 35500 BANKNIFTY has closed absolutely flat today. An inside candle has been formed in daily TF. It has just consolidated in today's trading session. Main momentum will come above the high or below the low of mother candle i.e above 37150 and below 35900. We will use the range breakout strategy for tomorrow's trade setup. Above 35420 we will long for the target of 36700 and 37000. Below 36100 our short trade will be triggered for the target of 35950. Below 35900 major move will come. Targets below 35900 will be 35700 , 37500 and 35440. 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.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 20 Apr 2022BANKNIFTY Intraday Trade Setup For 20 Apr 2022 Buy- None Sell-Below 35920 Sl-36020 T-36600 36500 BANKNIFTY has closed below 50 EMA in daily TF. After the range shifted below 37250.Index has been crashing like anything. Yesterday we planned to buy above 36970 on a 15 Min candle close. It gave more than 100 points gain. Then in the 2nd half our sell level got triggered but it was too sentimental. Coming to tomorrow's trade setup, if a 15 Min candle closes below 36920 then below that candle we will sell for the target of 35600 and 35000. Avoid buying as of now. Buying setups will be done only with intraday setups if we get. 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.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 19 Apr 2022BANKNIFTY Intraday Trade Setup For 19 Apr 2022 Buy-Above 36970 Sl-36870 T-37150 37250 37350 Sell-Below 36600 Sl-36700 T-36450 36250 36100 BANKNIFTY has hit our target in sell side after the one week range broke. However this 700 points fall came with a big gap down. Now it has made a doji candle in daily TF. A reversal candle. It will be active only when it will sustain above its high i.e 36970. You can consider this as 37000 in safe side. Coming to tomorrow's trade setup, we will long above 36970 if a 15 Min candle closes above this. Target will be 37150 and 37250+. For selling a 15 Min candle closes below 36600 then sell targeting 36450 as 1st target. Below 36440 we can expect extended fall till 36200 and 36000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range till 10'clock. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 18 Apr 2022BANKNIFTY Intraday Trade Setup For 18 Apr 2022 Buy-Above 38000 Sl-37900 T-38300 38600 Sell-Below 37260 Sl-37360 T-37000 36800 BANKNIFTY is inside the previous week trading range. Since last 6 trading session index has been trading in the same range. Inside a complete range of 38000 and 37250. Directional move will come above and below the range high and range low respectively. Probability of breaking this range in the next attempt is pretty much high. Expected target after range breakout will be 700 points either side. Coming to Monday's trade setup, we will buy 38000 if a 15 Min candle closes above the range high. Target will be 38200 and 38500. Final target 38590-38600. For selling if we get a 15 min candle close below 37260. Target will be 37100 and 37000. below 37000 next targets will be 36800 and 36500. Aggressive one can short below 37400 on a 15 min candle close below that. In case of a big gap up/down, wait till 10 o'clock and trade on 10 o'clock range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 13 Apr 2022BANKNIFTY Intraday Trade Setup For 13 Apr 2022 Buy-Above 38000 Sl-37900 T-38200 38350 38600 Sell-Below 37250 Sl-37350 T-37000 36800 36565 BANKNIFTY is still in the same range being followed since last 5 trading session. explained many times and discussed yesterday that when a script trades in range, sell at resistance and buy at support. this strategy is used. Today was another great example day. We planned to sell below 37500. This trade gave more than 200 points profit. Important level was 37340. This level was tested but not sustained, candle did not close. And as usual range trading, it took support from this zone and shot up till 37900+. Coming to tomorrow's expiry trade setup, we will simply wait for the breakout of 38000. It needs to sustain above this. 38000 has been tested multiple time. Breakout can give good move. Target will be 38200,38350 and 38600. For selling we need to wait till today's low is breached. We need a candle close below 37260. below this target will be opened for 37000 and 36800. Final target ill be 36565. In case of a big gap up/down, mark the high and low of the trading range till 10 o'clock. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 12 Apr 2022BANKNIFTY Intraday Trade Setup For 12 Apr 2022 Buy-Above 38000 Sl-37900 T-38300 38600 Sell-Below 37500 Sl-37600 T-37400 37200 37000 BANKNIFTY has made an inverted hammer in daily TF. It was another day of consolidation between 38000 and 37300. Since last 4 trading session it is in this range. Whenever a script trades in range, best strategy to trade is buy from support and and sell on resistance. And that can be clearly seen being followed in today's trading session. We planned to sell below sell below 37580 on a 15 Min candle close. That did not trigger. Coming to tomorrow's trade setup. we do not have to discuss more because almost everything is unchanged. We will plan for a buy trade only above 38000. 38000 has to be closed in 15 Min TF. Targets will be opened for 38300 and 38600. For selling, we need to wait till 37340 is broken. We need a 15 Min candle close below this. Safe traders can wait till 37300. Target will be 37200, 37100 and 37000. 36800 and 36570 can be achieved in the coming days. Aggressive traders can sell below 37500 also. If a 15 Min candle closes below 37520 then below that candle low one can sell. Target will be 37400 and 37350. In case of a gap up. wait till 10 o'clock and mark the high and low of the trading range till 10 o'clock and trade on range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 11 Apr 2022BANKNIFTY Intraday Trade Setup For 11 Apr 2022 Buy-Above 38000 Sl-37850 T-38200 38300 38600 Sell-Below 37340 Sl-37450 T-37150 37000 36800 BANKNIFTY has closed 0.5% up on Friday. Its been 3 days and BANKNIFTY continues to trade between the range of 38000 and 37300. Last week was a profit booking week with a consolidation. The weekly candle is a trend pause cum reversal candle. It has made a shooting star candle in weekly TF. The high and low of the shooting star candle will be very important. Below candle low i.e 37340 will be the trigger for the downside move. For further upside move we need a weekly candle close above 39000. Coming to Monday's trade setup, we will wait till range is shifted in 15 Min TF. Range is 38000 and 37300. So for buying we need a candle close above 38000. Target will be 38200, 38300 and 38600. Above 38800 a fresh upside move will come. Best condition will be if it consolidates below 37980 for 30 Min and if our buy level triggers then that will be the ideal trade. For selling ideal trade will be done below 37340 only. Target will be opened for 36800 and 36550 below 37340. We need a candle close below 37340, below that candle we will sell. One aggressive trade can be done below 37580 if a 15 Min candle closes below. Target will be near 37400. In case of a gap up/down, wait till 10 o'clock and mark the high and low of the trading range till 10 o'clock and trade on range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 8 Apr 2022BANKNIFTY Intraday Trade Setup For 8 Apr 2022 Buy-Above 37700 Sl-37600 T-37900 38000 Sell-Below 37340 Sl-37450 T-37150 37000 36800 BANKNIFTY has close almost flat today. Closing is near 37500. It opened with a decent gap down about 200 points. We planned to sell below 37500 if opens flat. It gave a small move of more than 100 points from yesterday's closing, near our sell level. However we also planned to trade the 10 o'clock range breakout. High of the range was near 37590 and low was near 37340. It gave breakout in the upside after a good consolidation. This trade was smooth. It gave more than 250 points move. Then a Gravestone Doji candle was formed in 15 Min TF near 38000. As soon as the low broke, after a small consolidation it fell till 37500 from where the upside move came earlier. It was a good day. Coming to Friday's trade setup, BANKNIFTY is in a range since last 2 days. This range shift will give us any direction move. Upper range is 38000 lower range is 37340-37300. Index has closed near range low. So, if index opens flat and a 15 Min candle closes below 37350. below that candle low we will sell for the target of 37150 and 37000. 37150 is the gap area and 37000 is a psychological level. So book max here. Final target will be 36800 and 36565. We can expect a bounce from 36800 as this is an important level in daily TF. For buying, safe traders should wait till 38000 is crossed and sustained. We need a 15 Min candle close above 38000 to build a long target will be 38200 and 38500. One aggressive buy trade can be done if a 15 Min candle closes above 37700. target will be 37900 and 38000. In case of a gap up/down, mark the high and low of the trading range till 10 'clock and trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 7 Apr 2022BANKNIFTY Intraday Trade Setup For 7 Apr 2022 Buy-Above 37880 Sl-37770 T-38050 38200 38500 Sell-Below 37500 Sl-37600 T-37200 37000 36800 BANKNIFTY has closed 1% below today. It opened with a decent gap down nearly 1%. It opened below our sell level. But it was too far. The 10 o'clock range was not tested. It was a clean consolidation.37500 acted as a support and 37900 as resistance. It is the 1st day after a week that index has closed below its previous day low. So , typically it is a indication of weakness. We can expect a pullback of the huge up move we saw. Coming to the expiry day trade setup, we will plan for a sell trade below today's low. 37500 is tested multiple times today. It has been hammered, a breakdown can lead a good downfall. So if index slides below 37500, safe traders should wait for a 5 Min candle close. Target will the gap area- 37200-37150. Second target will be 37000. It is a psychological level. Book max here. Our final target will be 36800. This a PRZ area. A bounce can be expected from here. This trade will be best on a flat opening. For buying we need a 15 Min candle close above 37880, today high. Target will be 38050, 38200 and final target of 38500. Trendy move will come above 38800. One small scalp buy trade can be done above 37760 for the target of 37860. In case of a gap up/down, mark high and low of the trading range till 10 o'clock. Initiate a trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 6 Apr 2022BANKNIFTY Intraday Trade Setup For 6 Apr 2022 Buy-Above 38800 Sl-38650 T-39000 39200 39500 Sell-Below 37940 Sl-38150 T-37665 37500 37200 BANKNIFTY has made an inside candle in today's trading session. It has traded inside yesterday's trading range. It opened near yesterday's trading session's high but could not sustain and fell immediately. A consolidation is expected after a huge non stop rally. That is what happening. Index has closed near 38000.Tomorrow's opening will be important. if opens flat then trades will good. None trades triggered as per last day analysis. 10 o'clock range broke downside but it was triggered 15 Min before closing. Coming to tomorrow's trade setup, we will plan for a sell trade if index opens flat(ideal opening below 38100) Then if a 15 Min candle closes below 38000 then below that candle low we will sell for the target of 37700. If 37650 if not sustained the next target will be 37500 and 37200, the gap area. For buying, we need to wait till 38800 is tested. We need a candle close above this level to initiate a buy position. Target will be 39000. This is psychological level. So be alert on this level. If no weakness if spotted then go for 39200 and 39500. In case of a gap up/down, mark the high and low of the trading range till 10 o'clock and trade on 10 o'clock range breakout.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 5 Apr 2022BANKNIFTY Intraday Trade Setup For 5 Apr 2022 Buy-Above 38770 Sl-37600 T- 39050 39400 37700+ Sell-Below 38000 Sl-38150 T-37665 37200 BANKNIFTY has closed 4% up today. It was huge short covering after a big gap. This short covering move was triggered by the HDFC twins. HDFC was more than 19% up and HDFCBANK was 14% up during the day. It was a runaway gap trading session. The 10 o'clock range broke upside but that was really too fast. There was less opportunity in intraday. However we tried to buy from 0.618 intraday level. Coming to tomorrow's trade setup, we will once again trade this continuation. So, as soon as 38770 is breached we will buy for the target of 39000-39050. Above this 39200 and 39400 will be tested. Safe traders can enter above 38800. 39000 is a psychological level. Book some here. For selling we need a negative price action. Till now its been a week, There is no sign of weakness and index is in uptrend. If a 15 Min candle close below 38000 and a negative price action is established then only plan for sell. Weakness will come only when Index will close below previous day low. A aggressive scalp trade can be done below 38350 if a 15 min candle closes below that. In case of a gap up/down, trade the 10 o'clock range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 4 Apr 2022BANKNIFTY Intraday Trade Setup For 4 Apr 2022 Buy-Above 37210 Sl-37100 T-37350 37450 37600 Sell-None BANKNIFTY has closed above 36800. It was trading below this range since last 10 trading session. And was tested several times in the last 35 days. Finally we saw breakout of this hourly range. Now 36800 will act as a support. Closing is above 37000. Targets are open for 38600 and 39700+ in the coming weeks. It is buy on dip. NIFTY is also on the road to 18000. Coming to Monday's trade setup, it has closed at day high. Current sentiment is bullish . So, we will look for buying opportunity 1st.If index opens flat and crosses 37210, we will buy for the target of 37350 37450-37500.Taril sl to last swing lows to ride. In case of a big gap up, if the 1st 5/15 candle is a negative reversal candle then below that candle low we can plan for a short trade. Target will near Friday's closing. In case of a big gap down near 36800, if we find a bullish reversal candle near this support zone , we will buy with sl of the reversal candle. Target will again near Friday's closing. Also the 10o'clock range will be helpful in case a gap up/down opening. Reposted this as date was wrong.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 4 Mar 2022BANKNIFTY Intraday Trade Setup For 4 Mar 2022 Buy-Above 37210 Sl-37100 T-37350 37450 37600 Sell-None BANKNIFTY has closed above 36800. It was trading below this range since last 10 trading session. And was tested several times in the last 35 days. Finally we saw breakout of this hourly range. Now 36800 will act as a support. Closing is above 37000. Targets are open for 38600 and 39700+ in the coming weeks. It is buy on dip. NIFTY is also on the road to 18000. Coming to Monday's trade setup, it has closed at day high. Current sentiment is bullish. So, we will look for buying opportunity 1st.If index opens flat and crosses 37210, we will buy for the target of 37350 37450-37500.Taril sl to last swing lows to ride. In case of a big gap up, if the 1st 5/15 candle is a negative reversal candle then below that candle low we can plan for a short trade. Target will near Friday's closing. In case of a big gap down near 36800, if we find a bullish reversal candle near this support zone, we will buy with sl of the reversal candle. Target will again near Friday's closing. Also the 10o'clock range will be helpful in case a gap up/down opening.
NSE:BANKNIFTY
by Omahto
4
BANKNIFTY Intraday Trade Setup For 1 Apr 2022BANKNIFTY 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.
NSE:BANKNIFTY
by Omahto
1
BANKNIFTY Intraday Trade Setup For 31 Mar 2022BANKNIFTY Intraday Trade Setup For 31 Mar 2022 Buy-Above 36450 Sl-36350 T-36620 36820 37000 Sell-Below 36150 Sl-36250 T-36000 35850 35700 BANKNIFTY has closed 480+ points (1.36%) up today. Out of which 390+ points came through gap up. So our pre analysis levels were invalid due to this big gap up. However 10 o'clock range broke upside above 36260 and gave gave a move till 36420. Then the whole day index was eating the option premiums ahead of Monthly expiry. Index ha closed near day high. So we will buy if a 15 Min candle closes above 36450. Safe traders should wait till 36500 is sustained. Target will be 36620 36820 and 37000. But if index opens with a big gap up then below the 1st 15 Min candle we will sell. For selling we need a negative price action below 36200. So, in that case we will sell below 36150 for the target of 36000, 35800 and 35700. One can short below the trendline plotted. In case of a big gap up/down, we will wait till 10 o'clock and trade this range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 29 Mar 2022BANKNIFTY Intraday Trade Setup For 29 Mar 2022 Buy-Above 35800 Sl-35700 T-36000 36150 Sell-Below 35480 Sl-35580 T- 35200 35000 BANKNIFTY has made a hammer in daily TF, near 35000. It has closed in a positive note with 300 points gain. Our plan was to sell below 35200. Our 1st target was near 35000. 200 points was gained today. Then double bottom was formed and above the neckline of 35200 index reversed and it shot up till 35760. Coming to tomorrow's trade setup, we will buy above the hammer's high. Above 35800 we will buy for the target of 36000 and 36150.Need a 15 Min candle close above 35750 for this 15 trend continuation. For selling if we get a candle close below 35480 then short for the target of 35300 and 35200. Below 35000 will can see good fall. Till then no aggressive shorting. In case of a big gap up if index makes any (5/15 Min) reversal candle then sell below that candle low. Wait till 10 o'clock in case of a big gap down.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 28 Mar 2022BANKNIFTY Intraday Trade Setup For 28 Mar 2022 Buy-Above 35750 Sl-35650 T-35900 36000 36150 Sell-Below 35200 Sl-35300 T-35000 34800 34700 BANKNIFTY has closed near the hourly support zone 35400. We have seen a good retracement from 0.618 level discussed on 21 Mar analysis. Index has given more than 1000 points downfall from there. Week was good with all the shorting trades. Only one day we saw dramatic short covering move but that did not sustain and continued its down move. Coming to Monday's trade setup, we will sell in the continuation, we will sell below 35200 (Friday's low).We need a candle close below this. Target will be 35000. It is a psychological level consider booking 80% profit and rest trail for further down move till 34800. Buying will be done only above 35750. We need a 15 Min candle close above this to build our long. Target will be near 36000 and 36150. Book max near 36000. Hold rest for any further move till 36150. A small scalp can be done above 35600 for a 100 points gain. Ideal trade will be flat opening, wait till 10 o'clock in case of a big gap up/down. Trade on the breakout/down of the 10 o'clock trading range.
NSE:BANKNIFTY
by Omahto
4
BANKNIFTY Intraday Trade Setup For 25 Mar 2022BANKNIFTY Intraday Trade Setup For 25 Mar 2022 Buy-Above 35720 Sl-35600 T-36000 36285 Sell-Below 35400 Sl-35500 T-35150 35000 BANKNIFTY has closed 1.7% in red on Thursday. It opened with a big gap down and showed all kinds of moves on this expiry. It was volatile since morning. All pre analysis became invalid due to gap down. 10o'clock range broke upside but that was a false breakout. A double top was formed after the false breakout. That gave a good move downside. Coming to tomorrow's trade, index has closed at the hourly support zone. Near 35400. This level is tested 3rd time. Below 35400 we will short for the target of 35140. 35000 can act as a support book max here. For buying we need a 15 Min candle close above 35720. Above this we will build our long for the target of 35900 36100 and 36285. Candle closing is important. In case of a big gap up/down wait till 10o'clock range and trade that range breakout/down. Best trade will be in sell side.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 24 Mar 2022BANKNIFTY Intraday Trade Setup For 24 Mar 2022 Buy-Above 36400 Sl-36300 T-36680 36800 37000 Sell-Below 36000 Sl-36100 T-35800 35660 35400 BANKNIFTY has closed in 200 points in red. We planned to buy above 36620 but index opened with a decent gap up. So it was invalid. We planned to trade the 10 o'clock range breakout/down in case a gap up/down. Range was broken downside below 36480. Index fell till 36070. However we sold below the 1st 15 Min shooting star candle low. Coming to tomorrow's trade setup, we will sell below 36000. If a 15 Min candle closes below this. Aggressive traders can sell below 36050 also. Target will be 35800 and 35660. Below 35660 index will test 35500 and 35400. For buying we need a 15 Min candle close above 36400. Above that candle high we will build our long for the target of 36680 and 36800. Above 36850 we can get a good upside move till 37000 and above. In case of a big gap up/down, wait till 10 o'clock range and trade that range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 23 Mar 2022BANKNIFTY Intraday Trade Setup For 23 Mar 2022 Buy-Above 36620 Sl-36500 T-36820 36970 Sell-Below 36000 Sl-36100 T-35800 35550 BANKNIFTY has regained the losses made yesterday. We have been selling from 36350 level. Our plan was to short below 35900. It gave a move till 35400. All targets were hit. The a bear trap was formed with double bottom. As soon as the neckline of 35700 was breached. Index just flew till 36460+. Coming to tomorrow's trade, we will buy above 36620 if a 15 min candle closes above that. Target will be 36800 and 37000. 37000 is a psychological level. Consider booking profits there. Safe traders can enter above 36720. For selling if a 15 Min candle closes below 36100 then short below 36000 for the target of 35800 and 35600. No aggressive selling till 35350. In case of a big gap up/down. Wait till 10 o'clock and trade that range breakout/breakdown.
NSE:BANKNIFTY
by Omahto
6
BANKNIFTY Intraday Trade Setup For 22 Mar 2022BANKNIFTY Intraday Trade Setup For 22 Mar 2022 Buy-Above 36160 Sl-36060 T-36300 36500 Sell-Below 35900 Sl-36000 T-35800 35600 BANKNIFTY has closed 400 points in red. It is a complete bearish engulfing candle. We planned that index is likely to give a reversal from this level. As 0.618 level was tested and a reversal candle- shooting star was formed last day. It is a follow up to that. We planned to sell below 36350, index gave a smooth profit till 35900. It was a good trending day. Coming to tomorrow's trade setup, we will go with the current flow in sell side. Below Monday's low - 35900, we will short for the target of 35800 and 35600. If a 15 Min candle closes below 35950 then we will be ready to short below our level. For buying we will use the last swing high to build our long position. If a 15 Min candle close above 36160 then we will long for the target of 36300. Above 36350 we can get a further move till 36500. Safe traders can wait till 36200. The above analysis is based on a flat opening. In case of any big gap up/down , wait till 10 o'clock and trade that range breakout/down.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 21 Mar 2022BANKNIFTY Intraday Trade Setup For 21 Mar 2022 Buy-Above 36620 Sl-36500 T-36820 36970 Sell-Below 36350 Sl-36450 T-36050 35800 BANKNIFTY has closed almost 2% up On Friday. Max came through gap up. It was a complete sideways trading session. Index has given a V- Shaped recovery from 35200 levels. Seeing the daily candle it is weak candle(kind of shooting star.) Also near it 0.618(High of 3 Feb Low Of 8 Mar). However reversal candle will be active below 36250. Coming to Monday's trade setup based on flat opening, we will buy above 36600 if we get a 15 Min candle close above it. Targets will be 36800 and 37000.Psychological level 37000 can act as resistance. Book max here. For selling, if we get a 15 Min candle close below 36380 then below 36350 we will sell for the target of 36200 and 36050. 36000-36050 can give support so book 80% there. Below this Another round of selling till 35750 can be seen. Seeing global market, we are likely to open with a decent gap up. Wait till 10 o'clock and trade that range breakout/breakdown. But if we get a 5 Min negative candle then we will sell below that candle low. This is a aggressive trade. Safe traders can enter below 15 Min candle low.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 17 Mar 2022BANKNIFTY Intraday Trade Setup For 17 Mar 2022 Buy-Above 35810 Sl-35700 T-36000 36200 Sell-Below 35450 Sl-35550 T-35200 35000 BANKNIFTY opened with a very big gap up on Wednesday after closing in a negative sentiment on Tuesday. Due to this big gap up index lost its all momentum and resulted in a sideways market. Even the 10 o'clock range was not tested. Vix crashed more than 9.5% today. Coming to tomorrow's trade setup, we will use the Wednesday's trading range to trade the range shift. But index has to open flat. If index opens flat and we get a 15 Min candle close above 35800 then we will buy for the target of 36000 and 36200. In case of a big gap up, will look for shorting opportunity. After opening gap up if we get a 5 min negative candle then below that candle low we will sell. Target will be 35500 in that case. For selling if index opens flat and a 15 Min candle closes below 35500 then we will sell below 34450 for the target of 35200 and 35000. Incase of gap down wait till 10 o'clock and trade that range breakout/breakdown.
NSE:BANKNIFTY
by Omahto