BANKNIFTY Intraday Trade Setup For 20 Dec 2022
BANKNIFTY Intraday Trade Setup For 20 Dec 2022
Buy-Above 43455
Sl-43345
T-43620 43800
Sell-Below 43290
Sl-43400
T-43100 42855
BANKNIFTY has closed on a positive note with almost 0.5% gain. It has has closed near day high and a formed a Pinbar candle in daily TF. Bullish momentum will continue above today's high if sustained. We are likely to hit 43800 if 43455 is sustained. Next downside move with full force movement will be below 43080. Today nothing triggered as per trade setup and traded inside range. 10 o'clock range broke upside and gave 70+ points. VIX has once again cooled today.
Coming to Tuesday's trade setup, if index opens flat and 15 min candle closes above 43455 then we will long. T-43620 and 43800.
For selling we need a 15 min candle close below 43290. T- 43100. Below 43080 we will hit 42855 and 42630.
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 43455
Sl-43345
T-43620 43800
Sell-Below 43290
Sl-43400
T-43100 42855
BANKNIFTY has closed on a positive note with almost 0.5% gain. It has has closed near day high and a formed a Pinbar candle in daily TF. Bullish momentum will continue above today's high if sustained. We are likely to hit 43800 if 43455 is sustained. Next downside move with full force movement will be below 43080. Today nothing triggered as per trade setup and traded inside range. 10 o'clock range broke upside and gave 70+ points. VIX has once again cooled today.
Coming to Tuesday's trade setup, if index opens flat and 15 min candle closes above 43455 then we will long. T-43620 and 43800.
For selling we need a 15 min candle close below 43290. T- 43100. Below 43080 we will hit 42855 and 42630.
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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