BANKNIFTY Intraday Trade Setup For 22 Mar 2023
Buy-Above 39971
Sl-39860
T- 40180 40357
Sell-Below 39755
Sl-39865
T- 39545 39335
BANKNIFTY has closed on a bullish sentiment with 1.35% gain today. In the weekend when BNF was at 39600 it was said that we will give a small pullback and then we will make a bottom and start the upside journey. Exact same thing happened on the very next day on Monday it gave a pullback and today it just started the upside journey towards 41250. Today it opened with a slight gap and then buy triggered above 39450 and hit targets (39450-39970). 10 o'clock range also broke upside above 39615 and gave 350 points.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 39971 then we will long for the target of 40180 and 40357.
For selling we need a 15 Min candle close below 39755. T- 39545 and 39335.
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 39971
Sl-39860
T- 40180 40357
Sell-Below 39755
Sl-39865
T- 39545 39335
BANKNIFTY has closed on a bullish sentiment with 1.35% gain today. In the weekend when BNF was at 39600 it was said that we will give a small pullback and then we will make a bottom and start the upside journey. Exact same thing happened on the very next day on Monday it gave a pullback and today it just started the upside journey towards 41250. Today it opened with a slight gap and then buy triggered above 39450 and hit targets (39450-39970). 10 o'clock range also broke upside above 39615 and gave 350 points.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 39971 then we will long for the target of 40180 and 40357.
For selling we need a 15 Min candle close below 39755. T- 39545 and 39335.
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.
