BANKNIFTY Intraday Trade Setup For 21 Feb 2022
Buy-Above 37680
Sl-37580
T-37800 37900 38000
Sell-Below 37300
Sl-37400
T-37000
BANKNIFTY has closed almost flat on Friday. Also a range has been created since last 2 trading session. 38000 is the level above which a good directional move will come. And 37300 is the level below which index will give a good downside move.
However we can do a scalp trade in buy side above 37680 for the target of 37800. Above 37800 we can get a move till 37900. Buying will be messy till index sustains above 38000.
For selling 37300 is the level below which we will get a downside momentum till 37000. However one aggressive sell trade can be done below 37490 also. In that flow if index breaches 37300 then will hold the short position till 37000.
37000 will act as a support consider booking profits there. One reversal trade can be planned from here also for the target of 37300.
In case of a big gap up or gap down we have to wait till 10 o' clock and trade that range. Also the first 15 min candle will be very important in this case.
Buy-Above 37680
Sl-37580
T-37800 37900 38000
Sell-Below 37300
Sl-37400
T-37000
BANKNIFTY has closed almost flat on Friday. Also a range has been created since last 2 trading session. 38000 is the level above which a good directional move will come. And 37300 is the level below which index will give a good downside move.
However we can do a scalp trade in buy side above 37680 for the target of 37800. Above 37800 we can get a move till 37900. Buying will be messy till index sustains above 38000.
For selling 37300 is the level below which we will get a downside momentum till 37000. However one aggressive sell trade can be done below 37490 also. In that flow if index breaches 37300 then will hold the short position till 37000.
37000 will act as a support consider booking profits there. One reversal trade can be planned from here also for the target of 37300.
In case of a big gap up or gap down we have to wait till 10 o' clock and trade that range. Also the first 15 min candle will be very important in this case.
