BANKNIFTY Intraday Trade Setup For 11 Jan 2023
BANKNIFTY Intraday Trade Setup For 11 Jan 2023
Buy-Above 42175
Sl-42065
T- 42445 42700+
Sell-Below 41835
Sl-41945
T-41570 41250
BANKNIKFTY has closed on a bearish sentiment with 1.33% cut. Today it opened flat and sell triggered as per trade setup. It was on a selling mode since the 1st 1 Min candle. Sell triggered @ 42335 and hit both the targets; dot level targets. Trade gave more than 450 points gain. Bearish sentiment is likely to continue below today's low. Important level for upside is 42720 in hourly TF.
Coming to Wednesday's trade setup, if index opens flat and 15 Min candle close above 42175 then we will long for the target of 42445 and 42700+.
For selling we need a 15 Min candle close below 41835. T- 41570 and 41250.
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 42175
Sl-42065
T- 42445 42700+
Sell-Below 41835
Sl-41945
T-41570 41250
BANKNIKFTY has closed on a bearish sentiment with 1.33% cut. Today it opened flat and sell triggered as per trade setup. It was on a selling mode since the 1st 1 Min candle. Sell triggered @ 42335 and hit both the targets; dot level targets. Trade gave more than 450 points gain. Bearish sentiment is likely to continue below today's low. Important level for upside is 42720 in hourly TF.
Coming to Wednesday's trade setup, if index opens flat and 15 Min candle close above 42175 then we will long for the target of 42445 and 42700+.
For selling we need a 15 Min candle close below 41835. T- 41570 and 41250.
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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