BANKNIFTY Intraday Trade Setup For 22 Sep 2023
Sell_1-From 45040
Invalid-Above 45150
T- 44800
Sell_2- Below 44590
Invalid-Above 44700
T- 44345 44100
BANKNIFTY has closed on a bearish note once again with 1.68% cut today. Once again it opened with slight gap down and tested our sell level. It just crashed after that and all targets were achieved (45270- 44593). Also since it opened with slight gap down so 10 o'clock range was to be used. Range broke downside below 45098 and last swing high was near 45120. With 100 points risk it gave almost 400 points gain. Tomorrow in case of a gap up opening 45040 will be place to short. After a fall near 44800 if it breaks 45050 then it will fill the gap and that will be bullish trade plan.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44590 then we will short for the target of 44345 and 44100.
2nd sell will be from 45040 on a gap up opening. T- 44800.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
Sell_1-From 45040
Invalid-Above 45150
T- 44800
Sell_2- Below 44590
Invalid-Above 44700
T- 44345 44100
BANKNIFTY has closed on a bearish note once again with 1.68% cut today. Once again it opened with slight gap down and tested our sell level. It just crashed after that and all targets were achieved (45270- 44593). Also since it opened with slight gap down so 10 o'clock range was to be used. Range broke downside below 45098 and last swing high was near 45120. With 100 points risk it gave almost 400 points gain. Tomorrow in case of a gap up opening 45040 will be place to short. After a fall near 44800 if it breaks 45050 then it will fill the gap and that will be bullish trade plan.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44590 then we will short for the target of 44345 and 44100.
2nd sell will be from 45040 on a gap up opening. T- 44800.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
