BANKNIFTY Intraday Trade Setup For 11 Oct 2022
Buy-Above 39320
Sl-39200
T-39500 39650 40000
Sell-Below 38845
Sl-38955
T-38520 38280 38000
BANKNIFTY has closed with a minor cut of 0.22%. Today's sentiment is bullish as it has closed dear day high and a sharp recovery was seen after opening. It directly opened at our sell trade's first target. As usual bounce came from support zones. 10 o'clock range broke upside @ 38815 and we got a clear cut move till 39300. This up move will continue if it sustains above today's high.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 39315 then we will long for the target of 39500, 39650 and last target will be near 40000.
For selling we need a 15 Min candle close below 38845. Target will be 38518, 38280 and last target will be near 38000.
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 39320
Sl-39200
T-39500 39650 40000
Sell-Below 38845
Sl-38955
T-38520 38280 38000
BANKNIFTY has closed with a minor cut of 0.22%. Today's sentiment is bullish as it has closed dear day high and a sharp recovery was seen after opening. It directly opened at our sell trade's first target. As usual bounce came from support zones. 10 o'clock range broke upside @ 38815 and we got a clear cut move till 39300. This up move will continue if it sustains above today's high.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 39315 then we will long for the target of 39500, 39650 and last target will be near 40000.
For selling we need a 15 Min candle close below 38845. Target will be 38518, 38280 and last target will be near 38000.
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.
