BANKNIFTY Intraday Trade Setup For 2 Sep 2022
Buy-Above 39390
Sl-39275
T-39600 39845 40093
Sell-Below 38980
Sl-39100
T-38700 38445 38150
BANKNIFTY has closed with 0.6% cut. It opened with a big gap down then recovered totally and has closed at mid point of the intraday range. All previous day levels were invalid due the big gap down. But we expected for a bounce from 38900 which was well discussed in the last trade setup. BANKNIFTY is more stronger than NIFTY.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 39390 after a pullback then we will long for the target of 39600, 39845 and 40093.
For selling we need a 15 Min candle closes below 38980. Downside target will be 38700, 38445 and 38150. A bounce can be expected from 38800 (38700-800).
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 39390
Sl-39275
T-39600 39845 40093
Sell-Below 38980
Sl-39100
T-38700 38445 38150
BANKNIFTY has closed with 0.6% cut. It opened with a big gap down then recovered totally and has closed at mid point of the intraday range. All previous day levels were invalid due the big gap down. But we expected for a bounce from 38900 which was well discussed in the last trade setup. BANKNIFTY is more stronger than NIFTY.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 39390 after a pullback then we will long for the target of 39600, 39845 and 40093.
For selling we need a 15 Min candle closes below 38980. Downside target will be 38700, 38445 and 38150. A bounce can be expected from 38800 (38700-800).
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.
