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BANKNIFTY Intraday trade Setup For 07 Nov 2023BANKNIFTY Intraday trade Setup For 07 Nov 2023 Bullish-Above 43650 Invalid-Below 43540 T- 43960 44269 Bearish-Below 43410 Invalid-Above 43520 T- 43130 42850 BANKNIFTY has once again closed on a bullish note with 0.7% gain today, all contributed via gap up. Since last 3 sessions out out of 4 it has been trading in a narrow range after a gap up opening. So tomorrow best trade will be planned on a flat opening only. In case of a gap up, index may end up trading in a range once again. 43650 and 43410 are important levels for tomorrow's session. ' Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43650 then we will long for the target of 43960 and 44269. For selling we need a 15 Min candle close below 43410. T- 43130 and 42850. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 06 Nov 2023BANKNIFTY Intraday Trade Setup For 06 Nov 2023 Bullish-Above 43420 Invalid-Below 43310 T- 43715 43935 Bearish-Below 43220 Invalid-Above 43330 T- 42915 42665 BANKNIFTY has closed on a slight bullish note with 1.25% gain last week. Last to this previous week, trend was strong in downside. So continuation of that bearish move seems below 42100 as of now. 43850 zone seems to be a CIP resistance so we will treat this as a confluence zone, action to be taken on further PA. On a bullish price structure in daily TF we will plan a confirmed bullish reversal trade. Best trade will be on flat opening or else it will be overall sideways market in intraday. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 43420 then we will long for the target of 43715 and 43935. For selling we need a 15 Min candle close below 43220. T- 42915 and 42665. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 03 Nov 2023BANKNIFTY Intraday Trade Setup For 03 Nov 2023 Bullish-Above 43280 Invalid-Below 43170 T- 43565 43830 Bearish-Below 42790 Invalid-Above 42900 T- 42530 42267 BANKNIFTY has closed on a bullish note with 0.74% gain today. However this gain is totally contributed by gap up opening. 10 o'clock range was to be used as per trade setup. 10 o'clock range broke downside below 42986 and made a low of 42797 however the breakout candle was too big. We have already discussed that probability of a halt candle this week is high. 43105 is a confluence zone and 43280 and 42790 are breakout levels for a direction move. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43280 then we will long for the target of 43565 and 43831. For selling we need a 15 Min candle close below 42790. T- 42530 and 42267. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout. ========== I am Not SEBI Registered This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 02 Nov 2023BANKNIFTY Intraday Trade Setup For 02 Nov 2023 Bullish-Above 42820 Invalid-Below 42710 T- 43135 43410 Bearish-Below 42580 Invalid-Above 42690 T- 42267 42050 BANKNIFTY has closed on a slight bearish note with 0.34% cut once again. It opened with a slight cut and sell triggered below 42790. It could not hit our sell target and made a low of 42590 and closed at 42700. It has formed a range of 42820 and 42580. Breakout of this range will lead a direction move as it has formed a neutral candle in daily TF. 43135 and 42267 are important resistance and support for tomorrow's session. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 42820 then we will long for the target of 43135 and 43410. For selling we need a 15 Min candle close below 42580. T- 42267 and 42050. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 01 Nov 2023BANKNIFTY Intraday Trade Setup For 01 Nov 2023 Bullish-Above 43130 Invalid-Below 43020 T- 43410 43760 Bearish-Below 42790 Invalid-Above 42900 T- 42538 42280 BANKNIFTY has closed on a bearish note with 0.45% cut today. It was 0.382/0.5 rejection day of the parabolic fall from 44600. Today's high near 43400 will be an important hourly swing high for a reversal structure. Tomorrow 43130 will be important level to decide the bullish momentum. Below 42790 we can expect some bearish momentum. 43410 will be an important resistance zone and 42200 zone will be support zone. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43130 then we will long for the target of 43410 and 43760. For selling we need a 15 Min candle close below 42790. T- 42538 and 42280-300. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 27 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 27 Oct 2023 Bullish-Above 42380 Invalid-Below 42270 T-42650 42925 Bearish-Below 42100 Invalid-42210 T-41835 41487 BANKNIFTY has closed once again on a complete bearish note today with 1.29% cut. It opened with a slight cut actual trade was 10 o'clock range breakout which happened in the downside below 42370 and gave a move till 42110 and risk (last swing high) was 42460. Tomorrow above 42380 after a flat opening we can give a good bounce. Be very strict in trailing after sell triggers ,especially near 41950. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 42380 then we will long for the target of 42650 and 42925. For selling we need a 15 Min candle close below 42100. T- 41835 41487 In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 26 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 26 Oct 2023 Bullish-Above 43000 Invalid-Below 42890 T- 43335 43650 Bearish-Below 42750 Invalid-Above 42860 T- 42420 42155 BANKNIFTY has closed on a complete bearish note with 0.74% cut today. Sell triggered as per trade setup below 43020 and hit 1st target by closing (43020- 42760). Tomorrow once again on a flat opening below 42750 we will get a trendy downside move. For a bullish move it has to sustain above 43000 in 15 Min TF. So 43000 and 42750 are important levels for tomorrow's session to look for breakout. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 43000 then we will long for the target of 43335 and 43650. For selling we need a 15 min candle close below 42750. T- 42420 and 42155. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 25 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 25 Oct 2023 Sell_1-From 43550 Invalid-Above 43660 T- 43335 43100 Sell_2- Below 43020 Invalid-Above 43130 T- 42725 42420 BANKNIFTY has closed on a complete bearish note with 1.31% cut on Monday. 43550 was the short level for last session. It triggered and we witnessed a free fall in index. Wild bearish move will continue below 43020/43k. There is a high probability of a pullback tomorrow so in case 43550 is tested in the opening sentiment then we will plan a short from there. 2nd confluence level is 43350 zone in case it opens below this zone. Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes below 43020. T- 42725 and 42425. Incase 43550 is tested in the 1st hour then we will short from there. T- 43335 and 43100. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 23 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 23 Oct 2023 Bullish-Above 43880 Invalid-Below 43770 T- 44125 44370 Bearish-Below 43550 Invalid-Above 43660 T- 43235 42885 BANKNIFTY has closed on a bearish note with 1.28% cut last week. Apart from one day (18 Oct) the intraday momentum was sideways and bearish moves are not so so it indicates more sideways momentum in the next few sessions. However it has tested weekly swing low of 43600. Sustaining below this will initiate a larger downfall. Tomorrow's best trade scenario will be on flat opening. It has formed an inside candle in daily TF so incase 43550 is breached on a flat opening, we can witness trendy fall. 43880 is the level for upside. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 43880 then we will long for the target of 44125 and 44370. For selling we need a 15 min candle close below 43550. T- 43235 and 42885. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 20 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 20 Oct 2023 Bullish-Above 44060 Invalid-Below 43950 T- 44370 44632 Bearish-Below 43550 Invalid-Above 43660 T- 43230 42885 BANKNIFTY has closed on a slight bearish note with 0.31% cut today. It opened with a big gap down and 10 o'clock range was to be used as per trade setup. Range broke upside above 43815 and last swing low was 43686. Only problem was the breakout candle which was too big which made it not fit as per RR when the candle closed. However later it did a Re-test and gave the same strength move. It has formed an inverted hammer in daily TF so it will have some positive bias till it sustains above 43800 however buy level is above 44060. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44060 then we will long for the target of 44370 and 44635. For selling we need a 15 Min candle close below 43550. T- 43230 and 42885. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 19 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 19 Oct 2023 Sell_1- From 44270 Invalid-Above 44380 T- 44050 43850 Sell_2- Below 43860 Invalid-Above 43970 T- 43498 43200 BANKNIFTY has closed on a complete bearish note with 1.17% cut today. It opened flat and sell triggered as per trade setup below 44330 and hit almost both our targets. It made a low of 43862 and gave more than 450 points. Tomorrow once again index can crash if it below 43860. Best opening condition is flat or a small gap down opening. In case of a gap up index will not have that powerful bearish stance. I will ignore buying tomorrow and will plan to sell from 44270 in case of a gap up. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes below 43860 then we will short for the target of 43498 and 43200. 2nd selling can be planned from 44270 in case it is tested after gap up opening. T- 44050 and 43850. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 18 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 18 Oct 2023 Bullish-Above 44590 Invalid-Below 44480 T- 44885 45120 Bearish-Below 44330 Invalid-Above 44440 T- 44040 43795 BANKNIFTY has closed with 0.42% gain today, all contributed by gap up. It was another day of sideways momentum. It opened with a big gap up and momentum was lost within 150 points range for the 1st 4 hours. Later 10 o'clock range broke downside below 44430 and gave 90 points move in favor. Tomorrow if it sustains above 44600 then we can see a good up move. Below 44330 it can give a move towards 44040 but 44200 can be a confluence gap zone. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44590 then we will long for the target of 44885-915 and 45120. For selling we need a 15 Min candle close below 44330. T- 44040 and 43795. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 17 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 17 Oct 2023 Bullish-Above 44360 Invalid-Below 44250 T- 44600 44883 Bearish-Below 44040 Invalid-Above 44150 T- 43795 43524 BANKNIFTY has closed almost on a flat not with a minor cut of 0.14% today. Sell triggered as per trade immediately after opening, without any pullback after a big parabolic down move from last session's high. It formed a morning star immediately after breakout and hit our sl. Index momentum is still sideways, especially when seen in hourly TF. It is trading between 44750 and 43790. Tomorrow high probability trade looks in the upside if triggered. 44360 and 44040 are important levels for tomorrow's session. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44360 then we will long for the target of 44600 and 44883. For selling we need a 15 min candle close below 44040. T- 43790 and 43524. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 16 Oct 2023BANKNIFTY Intraday Trade Setup For 16 Oct 2023 Bullish-Above 44600 Invalid-Below 44490 T- 44860 45120 Bearish-Below 44200 Invalid-Above 44310 T- 43957 43725 BANKNIFTY has closed almost on a flat note last week with 0.16% cut and 0.7% cut on Friday. It has formed an inverted hammer in daily charts so if its low-44200 is safe and we sustain 44600 then we are likely to see a good up move in hourly TF. If we get a sustained breakout of 44750 then bullish momentum likely to kick in (Hourly TF). Below 44180 we will maintain bearish view (CE short) (Hourly TF). Selling the 10 o'clock range looks more safe till we get a 10 o'clock range breakout. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44600 then we will long for the target of 44860 and 45120. For selling we need a 15 Min candle close below 44200. T- 43957 and 43725. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 10 Oct 2023 || Daily AnalysisBANKNIFTY Intraday Trade Setup For 10 Oct 2023 Bullish-Above 44115 Invalid-Below 44005 T- 44395 44615 Bearish-below 43790 Invalid-Above 43900 T- 43524 43253 BANKNIFTY has closed on a bearish note with 1.07% cut today. It was due by the Middle East tension we opened with a gap down. It directly tested 43800, hourly support. Decent bounce came from there and then it just contracted within the 1st 15 Min candle's range. 10 o'clock was to be used as per trade setup but it was untouched. A good trendy move can be seen below 43790 now. If it sustains above 43970 tomorrow then bulls might try their grip. However we will long above 44115. Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 44115 then we will long for the target of 44395 and 44615. For selling we need a 15 Min candle close below 43790. T- 43524 and 43253. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 09 Oct 2023 || Weekly OutlookBANKNIFTY Intraday Trade Setup For 09 Oct 2023 Bullish-Above 44505 Invalid-Below 44395 T- 44770 45040 Bearish-Below 44240 Invalid-Above 44350 T- 43995 43800 BANKNIFTY has closed with a slight cut of 0.5% last week. As per volume profile 43900 was the discussed level last week. Now resistance as per volume profile from 15 Sep High is 44650-750 zone. It has formed a pinbar candle in weekly TF. 43570 is the high and trigger point to the bullish sentiment. 44500 and 44240 are important levels for tomorrow's session on a flat opening. Important intraday support and resistance are 44770 and 43800. High probability trade looks in the bullish side. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44505 then we will long for the target of 44770 and 45040. For selling we need a 15 Min candle close below 44240. T- 43995 and 43800. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 06 Oct 2023 | Daily AnalysisBANKNIFTY Intraday Trade Setup For 06 Oct 2023 Bullish-Above 44400 Invalid-Below 44290 T- 44625 44815 Bearish-Below 44100 Invalid-Above 44210 T- 43850 43650 BANKNIFTY has closed with 0.57% gain today contributed by the gap up. It opened with a big gap up and 10 o'clock range was to be used, range broke downside below 44145 which hit around 90 points sl. There can be good short covering move today's high 44400. below 44100 it will bearish in intraday tomorrow. 43800 zone is a major intraday support. 44400 and 44100 is a no trading range it will be complete sideways between this 300 points range. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44400 then we will long for the target of 44625 and 44815. For selling we need a 15 min candle close below 44100. T- 43850 and 43650. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 05 Oct 2023 | Daily AnalysisBANKNIFTY Intraday Trade Setup For 05 Oct 2023 Bullish-Above 44050 Invalid-Below 43940 T- 44250 44450 Bearish-Below 43850 Invalid-Above 43960 T- 43653 43440 BANKNIFTY has closed on a bearish note with 0.98% cut. It opened with a big gap down and 10 o'clock range was to be used as per trade setup. However it was updated to avoid trading this today. As it turned total sideways just like yesterday. Above 44050 we can see a pullback move as 43900 looks as an important confluence zone as per volume profile in daily TF (16 Mar-15 Sep). gap filling will confirmed above 44170 .Below day low bearish move will once again kick in. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 44050 then we will long for the target of 44250 and 44450. For selling we need a 15 min candle close below 43850. T- 43440 and 43253. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 04 Oct 2023 | Daily AnalysisBANKNIFTY Intraday Trade Setup For 04 Oct 2023 Bullish-Above 44440 Invalid-Below 44330 T- 44625 44815 Bearish-Below 44240 Invalid-Above 44350 T- 44000 43755 BANKNIFTY has closed on a bearish note with 0.425% cut today. It opened flat and sell triggered as per trade setup but is was not at all tradable as the 1st 1 Min candle itself was very big and the 15 Min breakout candle was too big which making the RR worst. After the 1st 15 Min candle it just consolidated between 200 points range. 10 o'clock range was also untouched. Tomorrow on a flat opening it can show a good downside move below today's low. Only thing we have to be alert about is morning star at 44180 breakout. For bullish momentum to lift it has to sustain above 44440 and we will consider this in the 2nd breakout attempt. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44440 then we will long for the target of 44625 and 44815. For selling we need a 15 Min candle close below 44240. T- 44000 and 43755. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 03 Oct 2023BANKNIFTY Intraday Trade Setup For 03 Oct 2023 Bullish-Above 44760 Invalid-Below 44650 T-45040 45270 Bearish-Below 44490 Invalid-Above 44610 T-44248 44000 BANKNIFTY has closed on an absolute flat note last week. Previous week it was discussed that 'a base formation may happen near 44500 zone and probability of a sideways momentum is high after an parabolic (down) move'. 5 out of 7 last sessions it closed exactly near 44600. After consolidation now time for a directional move on last week's range (44180-45000) breakout. Major Weekly levels are 44400 and 43600. In hourly TF 44760 is a bullish reversal level and 44180 is a bearish continuation level. Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44760 then we will long for the target of 45040 and 45270. For selling we need a 15 Min candle close below 44490. T- 44250 and 44000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 29 Sep 2023BANKNIFTY Intraday Trade Setup For 29 Sep 2023 Sell_1- From 44560 Invalid-Above 44670 T- 44300 44000 Sell_2- Below 44240 Invalid-Above 44350 T- 44000 43755 BANKNIFTY has closed on a complete bearish note with 0.64% cut today. It was a bit confusing and wild till 10 o'clock range was safe. Buy triggered as per trade setup which hit 110 points sl. Later sell triggered below 44490 and 10 o'clock range also broke downside and gave a decent move till 44250. However momentum was a bit messy compared to NIFTY and other indices. Tomorrow once again it can show some bearish move below today' low. 44560 will be a level to short in case of pullback or gap up. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44240 then we will short. T- 44000 and 43755. In case of a gap up , 44560 zone will be a good place to short. T- 44300 and 44000 below 44240. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 28 Sep 2023BANKNIFTY Intraday Trade Setup For 28 Sep 2023 Bullish-Above 44670 Invalid-Below 44560 T- 45040 45270 Bearish-Below 44490 Invalid-Above 44600 T- 44200 43915 BANKNIFTY has closed on a flat note today after a huge roller coaster ride today. One more time let me just remind you all it was discussed 44500 is going to be base zone in the weekend outlook. Also it was said that probability of sideways momentum is very high after a parabolic move. 4 out of last 5 sessions it has closed exactly near 44600. Index looks ready for a bounce now. Also sentiment will change from sideways bullish to sideways bearish once it closes below 44500 in daily TF. Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 44670 then we will long for the target of 45040 and 45270 above 45050. For selling we need a 15 Min candle close below 44490. T- 44200 and 43915 below 44170. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
BANKNIFTY Intraday Trade Setup For 27 Sep 2023BANKNIFTY Intraday Trade Setup For 27 Sep 2023 Bullish-Above 44725 Invalid-Below 44615 T- 45040 45252 Bearish-Below 44530 Invalid-Above 44640 T- 44225 43917 BANKNIFTY has closed with a slight bearish note with 0.32% cut today. In the weekend analysis it was discussed that index can form a base near 44500 and probability of sideways is high after a parabolic down move. It has closed exactly at 44600 in 3 out of 4 last sessions. It was just sideways throughout the day. Sell triggered below 44580 which ended at cost EOD. Tomorrow sustaining above 44725 in 15 Min TF will initiate a bullish momentum. However a clean downside momentum is possible below 44400 only. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44725 then we will long for the target of 45040 and 45252. For selling we need a 15 Min candle close below 44530. T- 44225 and 43917. Trail sl below 44400. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
NSE:BANKNIFTY
by Omahto