BANKNIFTY Intraday Trade Setup For 24 Jan 2022
Buy-Above 37750
Sl-37650
T-38000 38200
Sell-Below 37200
Sl-37300
T-37000 36800
BANKNIFTY has fallen and traded below day low since last 4 trading session. On Friday we saw a rebound, short covering move. This move will continue above Friday's high.
We will buy above above 37750 for the target of 38000 and 38200.The ideal trade would be on flat opening. A big gap up will create volatility and we have to wait till 10 o' clock.
For selling the trigger is a bit far. No aggressive sell at this point. For selling daily candle is not so promising.
Index can also give a pullback of the last week down move till 38200.
Buy-Above 37750
Sl-37650
T-38000 38200
Sell-Below 37200
Sl-37300
T-37000 36800
BANKNIFTY has fallen and traded below day low since last 4 trading session. On Friday we saw a rebound, short covering move. This move will continue above Friday's high.
We will buy above above 37750 for the target of 38000 and 38200.The ideal trade would be on flat opening. A big gap up will create volatility and we have to wait till 10 o' clock.
For selling the trigger is a bit far. No aggressive sell at this point. For selling daily candle is not so promising.
Index can also give a pullback of the last week down move till 38200.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.