BANKNIFTY Intraday Trade Setup For 14 oct 2022
BANKNIFTY Intraday Trade Setup For 14 oct 2022
Buy-Above 38860
Sl-38745
T-39000 39160 39330
Sell-Below 38435
Sl-38550
T-38226 38030 37845
BANKNIFTY has closed on a negative note with 1.26% cut. Last day we planned to sell below 38970 and this trade was triggered in the morning and hit all our targets. This trade gave straight fall from 38970 to 38440 and no trailing sl was hit till target. A perfect bounce was seen from 38500 level till 38850+. Today inside candle's low - was tested. Now if 38435 is breached then it will head lower.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 38860 then we will long for the target of 39000, 39165 and 39330. Above 39350 we can test 39600 also.
For selling we need a 15 Min candle close below 38435. Target will be 38226 , 38030 and 37845. Index will be weak below 38500.
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 38860
Sl-38745
T-39000 39160 39330
Sell-Below 38435
Sl-38550
T-38226 38030 37845
BANKNIFTY has closed on a negative note with 1.26% cut. Last day we planned to sell below 38970 and this trade was triggered in the morning and hit all our targets. This trade gave straight fall from 38970 to 38440 and no trailing sl was hit till target. A perfect bounce was seen from 38500 level till 38850+. Today inside candle's low - was tested. Now if 38435 is breached then it will head lower.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 38860 then we will long for the target of 39000, 39165 and 39330. Above 39350 we can test 39600 also.
For selling we need a 15 Min candle close below 38435. Target will be 38226 , 38030 and 37845. Index will be weak below 38500.
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.
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