BANKNIFTY Intraday Trade Setup For 28 Oct 2022
BANKNIFTY Intraday Trade Setup For 28 Oct 2022
Buy-Above 41370
Sl-41260
T- 41530 41670 41840
Sell-Below 41175
Sl-41285
T-41020 40800 40600
BANKNIFTY has closed with 0.43% gain today. An inside candle has been formed in daily charts. Mother candle's high is 41535 and 41020. Breakout of this range will give a directional move . Initial target post breakout will be the height of the range which 500 points. Last day it opened with a decent gap up and buy triggered which gave more than 110 points which was 1:1. Later 10 o'clock range broke downside and gave 80 points.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 41370 then we will long for the target of 41530, 41670 and 41840.
For selling we need a 15 Min candle close below 41175. Target will be 41020. Below 41000 we will head towards 40800 and 40600.
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 41370
Sl-41260
T- 41530 41670 41840
Sell-Below 41175
Sl-41285
T-41020 40800 40600
BANKNIFTY has closed with 0.43% gain today. An inside candle has been formed in daily charts. Mother candle's high is 41535 and 41020. Breakout of this range will give a directional move . Initial target post breakout will be the height of the range which 500 points. Last day it opened with a decent gap up and buy triggered which gave more than 110 points which was 1:1. Later 10 o'clock range broke downside and gave 80 points.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 41370 then we will long for the target of 41530, 41670 and 41840.
For selling we need a 15 Min candle close below 41175. Target will be 41020. Below 41000 we will head towards 40800 and 40600.
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.
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