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BANKNIFTY Intraday Trade Setup For 10 Feb 2022BANKNIFTY Intraday Trade Setup For 10 Feb 2022 Buy-Above 38650 Sl-38550 T-38775 38900 39000 Sell-Below 38500 Sl-38600 T-38300 38200 38000 As we discussed yesterday that BANKNIFTY has made a hammer in daily TF. And above hammer's high , we will see upside momentum. We discussed to buy above 38225.Index gave more than 350 points profit in buy side. Index was sideways for a long period of time in intraday. Index has closed at higher levels. Above today's high we will simply buy for the target of 38800 and 39000. Ideal trade will be on flat opening , then if crosses today's high we will buy. But if index opens flat and consolidates between 38650 and 38550 and crosses 38500 in the lower side. Then we will sell for the target of 38300 and 38200. Momentum in the downside will be seen below 38350 only. But we are planning to sell below 38500, this is aggressive trade. And remember that it should make a small range then break 38500. Tomorrow is expiry do trade carefully. If Index opens with big gap up or gap down. Then we will wait till 10 o'clock then trade that range.
NSE:BANKNIFTY
by Omahto
2
BANKNIFTY Intraday Trade Setup For 08 Feb 2022BANKNIFTY Intraday Trade Setup For 08 Feb 2022 Buy-Above 38100 Sl-38000 T-38250 38450 Sell-Below 37800 Sl-37900 T-37500 37260 37000 BANKNIFTY has fallen 750 points from our sell level. It was too volatile in the 1st 30 Min. Swings were wild. After 10:30 we got breakdown of 38550. Also the 15 Min was also broken at the same time. It was good trending day. The fall came mainly from HDFC and BAJAJ twins. No pullback was seen and index fell non stop. It has made a doji candle in the hourly chart. So we can expect this fall to cool down here. It is valid till the low is safe. Below 37800 we will again see the same trendy move downside. Below 37800 we will sell for the target of 37500. And if we see a range at 37500 and if that range is once again broken in the lower side. Then we will once again sell below 37500 for the target of 37000. For buying we need a candle close above 38100. Target will be small as it is against the hourly trend. Quick profit booking is required in buying side. Index is sell on rise as of now. Trade all the breakdowns, bear flags and support breakdown. Best opportunity will be in sell side. Buying can be ignored. And shorting opportunity at higher levels can be done, if we see any trendline breakdown in intraday.
NSE:BANKNIFTY
by Omahto
5
Nifty Bank Futures Key Trading Level for 9th Nov 2021 Nifty Bank Futures Key Trading Level for 9th Nov 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:BANKNIFTY1!
by sbkurandwad77