BANKNIFTY Intraday Trade Setup For 13 Sep 2023
BANKNIFTY Intraday Trade Setup For 13 Sep 2023
Bullish-Above 45630
Invalid-Below 45520
T- 45915 46150
Bearish-Below 45320
Invalid-Above 45430
T- 45050 44770
BANKNIFTY has closed with a slight cut of 0.13% today. It was a roller coaster ride since opening, huge volatility. It opened directly near our 1st buy target via a big gap up. 10 o'clock range was to be used as per trade setup. Range broke downside below 45400 and last swing high was 45455. Small sl was hit today. Tomorrow best trade will be on flat opening. In case of a big gap down near 45100 it can give a sharp bounce. In case of a gap up it can find resistance near 45700.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 45630 then we will long for the target of 45915 and 46150.
For selling we need a 15 Min candle close below 45320. T- 45050 and 44770.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
Bullish-Above 45630
Invalid-Below 45520
T- 45915 46150
Bearish-Below 45320
Invalid-Above 45430
T- 45050 44770
BANKNIFTY has closed with a slight cut of 0.13% today. It was a roller coaster ride since opening, huge volatility. It opened directly near our 1st buy target via a big gap up. 10 o'clock range was to be used as per trade setup. Range broke downside below 45400 and last swing high was 45455. Small sl was hit today. Tomorrow best trade will be on flat opening. In case of a big gap down near 45100 it can give a sharp bounce. In case of a gap up it can find resistance near 45700.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 45630 then we will long for the target of 45915 and 46150.
For selling we need a 15 Min candle close below 45320. T- 45050 and 44770.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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