BANKNIFTY Intraday Trade Setup For 17 Feb 2022
Buy-Above 38200
Sl-38300
T-38400 38600 38900
Sell-Below 37750
Sl-37850
T-37575 37300
BANKNIFTY has traded in a broader range today. Today's trading range was almost 700 points. Also it has made a complete range between 38460 and 37760. Today's high and low will be the main trigger for any directional move either side.
Since it has closed near the lower range. So if a 15 Min candle closes below 37830 and 37750 is crossed then we will sell for the target of 37575 and 37300. 37575 can give a bounce so book profits there or trail to the last swing to ride it if it fall till 37300.
For buying a aggressive scalp trade can be done above 38200 only. However direction move will come above 38500 only. We will buy above 38200 for the target of 38400. And if 38500 is sustained then we will ride that move till 38600 and 38925.
In case of a big gap up or gap down we will wait till 10 o'clock and trade that range breakout or breakdown.
Buy-Above 38200
Sl-38300
T-38400 38600 38900
Sell-Below 37750
Sl-37850
T-37575 37300
BANKNIFTY has traded in a broader range today. Today's trading range was almost 700 points. Also it has made a complete range between 38460 and 37760. Today's high and low will be the main trigger for any directional move either side.
Since it has closed near the lower range. So if a 15 Min candle closes below 37830 and 37750 is crossed then we will sell for the target of 37575 and 37300. 37575 can give a bounce so book profits there or trail to the last swing to ride it if it fall till 37300.
For buying a aggressive scalp trade can be done above 38200 only. However direction move will come above 38500 only. We will buy above 38200 for the target of 38400. And if 38500 is sustained then we will ride that move till 38600 and 38925.
In case of a big gap up or gap down we will wait till 10 o'clock and trade that range breakout or breakdown.
