BANKNIFTY Intraday Trade Setup For 25 Jan 2023
Buy-Above 42825
Sl-42715
T- 43000 43300
Sell-Below 42615
Sl-42715
T-42415 42230
BANKNIFTY has closed on a bearish sentiment with slight cut of 0.21% today. Last day hourly range shifted above 42700 and today it made a high of 43078. Last day it was updated to trail sl to cost which PDL exactly. Today it was triggered;; NPNL. Now fresh bullish range shift in hourly TF will be above today's high- 43100. Today's closing is @ 42733.45. Below today's low it will be back to the hourly range once again.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42825 then we will long for the target 43000+. Above 43080 it will hit 43300.
For selling we need a 15 Min candle close below 42615. T- 42415. Post bounce below 42400 it will test 42200-30.
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 42825
Sl-42715
T- 43000 43300
Sell-Below 42615
Sl-42715
T-42415 42230
BANKNIFTY has closed on a bearish sentiment with slight cut of 0.21% today. Last day hourly range shifted above 42700 and today it made a high of 43078. Last day it was updated to trail sl to cost which PDL exactly. Today it was triggered;; NPNL. Now fresh bullish range shift in hourly TF will be above today's high- 43100. Today's closing is @ 42733.45. Below today's low it will be back to the hourly range once again.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 42825 then we will long for the target 43000+. Above 43080 it will hit 43300.
For selling we need a 15 Min candle close below 42615. T- 42415. Post bounce below 42400 it will test 42200-30.
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.
