BANKNIFTY Intraday Trade Setup For 26 Sep 2024
Bullish-Above 54250
Invalid-Below 54140
T- 54765
Bearish-Below 53780
Invalid-Above 53890
T- 53370
BANKNIFTY has closed on a slight bullish note with 0.25% gain. It opened with slight gap down and recovered in the 1st 15 Min and then it as sideways to extreme. Yesterday itself we discussed that one should keep non-directional approach as it looks more of a sideways than parabolic. 54250 an 53790 are intra levels for tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 54250 then we will long for the target of 54765.
For selling we need a 15 Min candle close below 53780. T- 53370.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bullish-Above 54250
Invalid-Below 54140
T- 54765
Bearish-Below 53780
Invalid-Above 53890
T- 53370
BANKNIFTY has closed on a slight bullish note with 0.25% gain. It opened with slight gap down and recovered in the 1st 15 Min and then it as sideways to extreme. Yesterday itself we discussed that one should keep non-directional approach as it looks more of a sideways than parabolic. 54250 an 53790 are intra levels for tomorrow.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 54250 then we will long for the target of 54765.
For selling we need a 15 Min candle close below 53780. T- 53370.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
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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.