BANKNIFTY Intraday Trade Setup For 29 Nov 2022
Buy-Above 43160
Sl-43050
T-43340 43522 43710
Sell-Below 42960
Sl-43070
T-42740 42550 42330
BANKNIFTY has closed on a flat note with just 36 points gain. It was almost a Open=Low day. It opened with a decent gap down with 200 points cut. As per 10 o'clock range buy triggered @42951 and this trade gave the smoothest and trendy move. More than 200 points grabbed (42951-43159). Today's low will be very important for a downside structure. We are still inside channel pattern in hourly TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43160 then we will long for the target of 43340, 43522 and 43710.
For selling we need 15 Min candle close below 42960. Target will be 42740, 42550 and 42330.
We have trail sl with RR ratio in both way be in selling or buying.
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 43160
Sl-43050
T-43340 43522 43710
Sell-Below 42960
Sl-43070
T-42740 42550 42330
BANKNIFTY has closed on a flat note with just 36 points gain. It was almost a Open=Low day. It opened with a decent gap down with 200 points cut. As per 10 o'clock range buy triggered @42951 and this trade gave the smoothest and trendy move. More than 200 points grabbed (42951-43159). Today's low will be very important for a downside structure. We are still inside channel pattern in hourly TF.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43160 then we will long for the target of 43340, 43522 and 43710.
For selling we need 15 Min candle close below 42960. Target will be 42740, 42550 and 42330.
We have trail sl with RR ratio in both way be in selling or buying.
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.
