BANKNIFTY Intraday Trade Setup For 24 Jan 2022
Buy-Above 37750
Sl-37650
T-38000 38200
Sell-Below 37200
Sl-37300
T-37000 36800
BANKNIFTY has fallen and traded below day low since last 4 trading session. On Friday we saw a rebound, short covering move. This move will continue above Friday's high.
We will buy above above 37750 for the target of 38000 and 38200.The ideal trade would be on flat opening. A big gap up will create volatility and we have to wait till 10 o' clock.
For selling the trigger is a bit far. No aggressive sell at this point. For selling daily candle is not so promising.
Index can also give a pullback of the last week down move till 38200.
Buy-Above 37750
Sl-37650
T-38000 38200
Sell-Below 37200
Sl-37300
T-37000 36800
BANKNIFTY has fallen and traded below day low since last 4 trading session. On Friday we saw a rebound, short covering move. This move will continue above Friday's high.
We will buy above above 37750 for the target of 38000 and 38200.The ideal trade would be on flat opening. A big gap up will create volatility and we have to wait till 10 o' clock.
For selling the trigger is a bit far. No aggressive sell at this point. For selling daily candle is not so promising.
Index can also give a pullback of the last week down move till 38200.
