BANKNIFTY Intraday Trade Setup For 10 Aug 2023
Bullish- Above 44925
Invalid-Below 44815
T- 45140 45355
Bearish- Below 44530
Invalid-Above 44640
T- 44250 44000
BANKNIFTY has closed with a minor cut of 0.19% today, but it closed on a positive sentiment as it has formed a Pin bar candle in daily TF. It opened flat and sell triggered as per setup and first target was achieved. If it sustains above 44925 then we can expect good bullish momentum tomorrow. in case it tests 44715 then it can act as a support. While we have to wait for the breakout of 44530 for a trendy short.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle close above 44925 then we will long for the target of 45140 and 45355.
For selling we need a 15 Min candle close below 44530. T- 44250 and 44000.
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.
Bullish- Above 44925
Invalid-Below 44815
T- 45140 45355
Bearish- Below 44530
Invalid-Above 44640
T- 44250 44000
BANKNIFTY has closed with a minor cut of 0.19% today, but it closed on a positive sentiment as it has formed a Pin bar candle in daily TF. It opened flat and sell triggered as per setup and first target was achieved. If it sustains above 44925 then we can expect good bullish momentum tomorrow. in case it tests 44715 then it can act as a support. While we have to wait for the breakout of 44530 for a trendy short.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle close above 44925 then we will long for the target of 45140 and 45355.
For selling we need a 15 Min candle close below 44530. T- 44250 and 44000.
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.
