Omahto

BANKNIFTY Intraday Trade Setup For 03 Dec 2022

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NSE:BANKNIFTY   Nifty Bank Index
BANKNIFTY Intraday Trade Setup For 03 Dec 2022

Buy-Above 35600
Sl-35500
T-35800 36000

Sell-Below 35400
Sl-35500
T-35250 35150

Hope everyone had a great weekend and enjoyed the new year with your near and dear ones.
Coming to Monday's trade setup, we are going to buy above Friday's high if crosses with flat opening.
In buying side also have a close eye on the daily trendline resistance. It can give resistance also.
For selling we will sell below 35400 and also if index opens with big gap and makes a negative candle in 5 min candle and breaks that candle low.

We have not got closing above 35500 in daily TF. Although it has tested 35500. Closing above 35500 will pull BANKNIFTY till 36800.
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BANKNIFTY Intraday Trade Setup For 03 Jan 2022

New year effect

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