BANKNIFTY Intraday Trade Setup For 13 Dec 2022
Buy-Above 43770
Sl-43660
T-43965 44160
Sell-Below 43580
Sl-43690
T-43400 43050
BANKNIFTY has closed on a flat to slight positive sentiment. An inside candle has been formed in daily TF. Important level for a downside structure is 43350. Below this chances of a negative price action building is possible. If it sustains above today's high then we will hit psychological level of 44k. Nothing triggered as per trade setup today. Also 10 o'clock range was intact. We saw good moves in the 1st 1 hour then total sideways.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43770 then we will long for the target of 43965-44k. 2nd target will be 44160.
For selling we need a 15 Min candle close below 43580. Target will be 43400. Below 43360 we will hit 43050-43k.
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 43770
Sl-43660
T-43965 44160
Sell-Below 43580
Sl-43690
T-43400 43050
BANKNIFTY has closed on a flat to slight positive sentiment. An inside candle has been formed in daily TF. Important level for a downside structure is 43350. Below this chances of a negative price action building is possible. If it sustains above today's high then we will hit psychological level of 44k. Nothing triggered as per trade setup today. Also 10 o'clock range was intact. We saw good moves in the 1st 1 hour then total sideways.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43770 then we will long for the target of 43965-44k. 2nd target will be 44160.
For selling we need a 15 Min candle close below 43580. Target will be 43400. Below 43360 we will hit 43050-43k.
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.
