BANKNIFTY Intraday Intraday Trade Setup For 9 Mar 2022
BANKNIFTY Intraday Intraday Trade Setup For 9 Mar 2022
Buy-Above 33300
Sl-33200
T-33500 33700 34000
Sell-Below 32990
Sl-33100
T-32800 32500 32200
BANKNIFTY has made a big bullish candle in daily TF. This is after many days that index has closed at day high. Some profit booking is taking place plus some buyers are getting in. We planned to short below 32350 and buy above 33000. Both triggered and both gave profit of more than 200 points both the sides.
Index made a perfect double bottom and reversed. All updates shared.
Coming to tomorrow's trade setup, if index opens flat and crosses Tuesday's high then we will build our long for the target of 33500 and 34000. 1st move is above Tuesday high and 2nd move is above Monday's high.
For selling a aggressive scalp sell trade can be done below 32990 for the target of 32800 if it goes in flow then hold till 32500. Below 32500 index may give another momentum till 32200 and 32000.
Volatility is high trade carefully. In case of any big gap up/down, follow 10 o'clock range and use live data to build any trade.
Buy-Above 33300
Sl-33200
T-33500 33700 34000
Sell-Below 32990
Sl-33100
T-32800 32500 32200
BANKNIFTY has made a big bullish candle in daily TF. This is after many days that index has closed at day high. Some profit booking is taking place plus some buyers are getting in. We planned to short below 32350 and buy above 33000. Both triggered and both gave profit of more than 200 points both the sides.
Index made a perfect double bottom and reversed. All updates shared.
Coming to tomorrow's trade setup, if index opens flat and crosses Tuesday's high then we will build our long for the target of 33500 and 34000. 1st move is above Tuesday high and 2nd move is above Monday's high.
For selling a aggressive scalp sell trade can be done below 32990 for the target of 32800 if it goes in flow then hold till 32500. Below 32500 index may give another momentum till 32200 and 32000.
Volatility is high trade carefully. In case of any big gap up/down, follow 10 o'clock range and use live data to build any trade.
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