BANKNIFTY Intraday Trade Setup 28 Sep 2022
Buy-Above 38710
Sl-38595
T-39023 39230
Sell-Below 38180
Sl-38290
T-37933 37633
BANKNIFTY has closed on a negative note with 0.67% cut. Today 5% target was achieved in the short target which was triggered below 40280 on 23 Sep. Now trail sl to last swing high 38710 and ride for any further fall. While 39050 is the reversal point. Today it opened with a decent gap up and 10 o'clock range broke downside below 38750 and gave a move till 38185.
Coming to tomorrow's trades setup, if index opens flat and 15 Min candle closes above 38710 then we will long for the target of 39023 and 39230.
For selling we need a 5 Min candle close below 38180. Target will be 37933. Post bounce we will head towards 37633.
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 38710
Sl-38595
T-39023 39230
Sell-Below 38180
Sl-38290
T-37933 37633
BANKNIFTY has closed on a negative note with 0.67% cut. Today 5% target was achieved in the short target which was triggered below 40280 on 23 Sep. Now trail sl to last swing high 38710 and ride for any further fall. While 39050 is the reversal point. Today it opened with a decent gap up and 10 o'clock range broke downside below 38750 and gave a move till 38185.
Coming to tomorrow's trades setup, if index opens flat and 15 Min candle closes above 38710 then we will long for the target of 39023 and 39230.
For selling we need a 5 Min candle close below 38180. Target will be 37933. Post bounce we will head towards 37633.
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.
