BANKNIFTY Intraday Trade Setup For 21 Sep 2022
Buy-Above 41680
Sl-41570
T-41840 42015 42205
Sell-Below 41400
Sl-41500
T-41200 40995 40730
BANKNIFTY has closed on a positive sentiment with 1.38% gain. It is at a striking distance from ATH. A fresh upside move will come above 41850. Last day we planned for a directional move above 41200 which came and gave more than 450 points although it opened with a decent gap up. 10 o'clock range broke upside above above 41506 and gave 170 points gain.
Coming to tomorrow's setup, if index opens flat and a 15 Min candle closes below 41399 then we will short for the target of 41200. Below 41200 we hit hit 40995 and below.
For buying we need a 15 Min candle close above 41670. Target will be near ATH- 41840. If it sustains above 41850 then we will head towards 42000 and 42200.
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 41680
Sl-41570
T-41840 42015 42205
Sell-Below 41400
Sl-41500
T-41200 40995 40730
BANKNIFTY has closed on a positive sentiment with 1.38% gain. It is at a striking distance from ATH. A fresh upside move will come above 41850. Last day we planned for a directional move above 41200 which came and gave more than 450 points although it opened with a decent gap up. 10 o'clock range broke upside above above 41506 and gave 170 points gain.
Coming to tomorrow's setup, if index opens flat and a 15 Min candle closes below 41399 then we will short for the target of 41200. Below 41200 we hit hit 40995 and below.
For buying we need a 15 Min candle close above 41670. Target will be near ATH- 41840. If it sustains above 41850 then we will head towards 42000 and 42200.
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.
