BANKNIFTY opened with a a big gap up today. It opened near our buy target and PRZ- 34155. As usual we witnessed fall from PRZ (approximately 250 points). 10 o'clock range broke downside and gave a messy 100 points move.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below our sell level-33735. We will short for the target of 33600 and 33450.
For buying we need a 15 Min candle close above our 33980. We will long above the level for the target of 34125. Above 34150 next move can be seen 34350.
If it opens gap down and the the 1st 5 min candle is a bullish pin bar/ hammer then above its high we will long.
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.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.