BANKNIFTY Intraday Trade Setup For 14 Dec 2022
BANKNIFTY Intraday Trade Setup For 14 Dec 2022
Buy-Above 43985
Sl-43875
T-44345 44595
Sell-Below 43850
Sl-43960
T-43600 43400
BANKNIFTY has closed on a positive sentiment with more than 0.5% gain. Last day it closed near day high and we planned to trade that bullish sentiment for the next day. Expected move came above previous day high. Buy triggered above 43770 and hit our 1st target slowly and steadily. This trade gave almost 200 points gain. Closing is near day high. This positivity will continue above today's high. Below today's low we can expect some down move.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43985 then we will long for the target of 44160, 44345 and 44595. 44k is psychological level so trail sl strictly.
For selling we need a 15 Min candle close below 43850. Target will be 43600 and 43400. This is an aggressive short; confirmation will be 43765.
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 43985
Sl-43875
T-44345 44595
Sell-Below 43850
Sl-43960
T-43600 43400
BANKNIFTY has closed on a positive sentiment with more than 0.5% gain. Last day it closed near day high and we planned to trade that bullish sentiment for the next day. Expected move came above previous day high. Buy triggered above 43770 and hit our 1st target slowly and steadily. This trade gave almost 200 points gain. Closing is near day high. This positivity will continue above today's high. Below today's low we can expect some down move.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 43985 then we will long for the target of 44160, 44345 and 44595. 44k is psychological level so trail sl strictly.
For selling we need a 15 Min candle close below 43850. Target will be 43600 and 43400. This is an aggressive short; confirmation will be 43765.
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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