BANKNIFTY Intraday Trade Setup For 02 Mar 2022
Buy-Above 36280
Sl-38180
T-36400 36560
Sell-Below 35890
Sl-35990
T-35690 35600
BANKNIFTY opened with a big gap down today. Then it made W pattern and took U turn and a V shape recovery was seen. Then after 12 noon huge volatility was created.
We will be using the nd half trading session range to build our trade for 1 March. Above 36300 we will buy for the target of 36560-36600. There is the gap area that is the area to book some profit and hold rest for final target of 36560-36600.
For selling if a candle closes below 36000 then below 35900 we will plan our sell trade for the target of 35700. Below 35600 we will get a good move and the gap area can be our target.
If we get a big gap up/down opening then we will for the 1st 15 min candle and trade on the high and low of that candle. Intraday Trade setups will be used in case of a big gap up/down.
Buy-Above 36280
Sl-38180
T-36400 36560
Sell-Below 35890
Sl-35990
T-35690 35600
BANKNIFTY opened with a big gap down today. Then it made W pattern and took U turn and a V shape recovery was seen. Then after 12 noon huge volatility was created.
We will be using the nd half trading session range to build our trade for 1 March. Above 36300 we will buy for the target of 36560-36600. There is the gap area that is the area to book some profit and hold rest for final target of 36560-36600.
For selling if a candle closes below 36000 then below 35900 we will plan our sell trade for the target of 35700. Below 35600 we will get a good move and the gap area can be our target.
If we get a big gap up/down opening then we will for the 1st 15 min candle and trade on the high and low of that candle. Intraday Trade setups will be used in case of a big gap up/down.
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