BANKNIFTY Intraday Trade Setup For 29 Apr 2022
Buy-Above 36500
Sl-36400
T-36600 36700 36800
Sell-Below 36300
Sl-36400
T-36200 36100 36000
BANKNIFTY has formed a bullish candle in daily TF. It gave a follow up to the hammer candle formed yesterday. We planned to buy above 36180 it gave a non stop trendy move till 36500. All targets were hit.
This current bullish sentiment may continue above 36500. If a 15 Min candle closes above 36500 then we will plan for a buy trade above that candle for the target of 36600 36700 and 36800.
No aggressive selling as of now. As sentiment is bullish. One scalp short trade can be done below 36300 for the target of 36200 and 36100.
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 36500
Sl-36400
T-36600 36700 36800
Sell-Below 36300
Sl-36400
T-36200 36100 36000
BANKNIFTY has formed a bullish candle in daily TF. It gave a follow up to the hammer candle formed yesterday. We planned to buy above 36180 it gave a non stop trendy move till 36500. All targets were hit.
This current bullish sentiment may continue above 36500. If a 15 Min candle closes above 36500 then we will plan for a buy trade above that candle for the target of 36600 36700 and 36800.
No aggressive selling as of now. As sentiment is bullish. One scalp short trade can be done below 36300 for the target of 36200 and 36100.
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.
