Here are the levels for bank nifty to trade for tomorrow intraday. today price opened gap up and traded sideways. so mark the day high and low and we can trade on the either side of the breakout. also mark the 200EMA on 15min TF.
if the price open gap up or flat and breaks the day high we can take the long side entry on the retest with the volumes confirmation and the target be all time high. if the price breaks the day low and on retest we can take the short side entry with the volumes confirmation. here trade with strict SL because market can create the traps and move in other direction. here i mention we have 200 EMA and below the day low so wait for the 200 EMA break down with the strong candles. and don't enter if the price open gap up, fall and break the day low it could be trap to go move upside.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
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