BANKNIFTY Intraday Trade Setup 2 Nov 2022
BANKNIFTY Intraday Trade Setup 2 Nov 2022
Buy-Above 41400
Sl-41290
T- 41573 41700 41840
Sell-Below 41185
Sl-41290
T-40985 40840 40610
BANKNIFTY has closed absolute flat with just 18 points cut. It has closed on a negative sentiment as a profit booking from higher levels was witnessed in today's session. Important levels are 41850 and 40830. Above these levels next swing will be initiated. Last day we planned to buy above 41355 which hit our 2nd target 41680 very smoothly. Then fell form there and broke 10 o'clock range and gave more than 200 points move.
Coming to Wednesday's trade setup, if index opens flat and 15 Min candle closes above 41400 then we will long for the target of 41573 and 41700.
For selling we need 15 Min candle close below 41185. Target will be 40982 and 40840.
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 41400
Sl-41290
T- 41573 41700 41840
Sell-Below 41185
Sl-41290
T-40985 40840 40610
BANKNIFTY has closed absolute flat with just 18 points cut. It has closed on a negative sentiment as a profit booking from higher levels was witnessed in today's session. Important levels are 41850 and 40830. Above these levels next swing will be initiated. Last day we planned to buy above 41355 which hit our 2nd target 41680 very smoothly. Then fell form there and broke 10 o'clock range and gave more than 200 points move.
Coming to Wednesday's trade setup, if index opens flat and 15 Min candle closes above 41400 then we will long for the target of 41573 and 41700.
For selling we need 15 Min candle close below 41185. Target will be 40982 and 40840.
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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