BANKNIFTY opened with a decent gap up on Thursday and the 1st 5 min candle was a shooting star. As soon as the low of that candle broke it just fell till 34725. Also the 10 o'clock range broke downside below 35200 continued the downside journey. Also I updated not to buy today.
Coming to tomorrow's trade setup, we are going to use the last half an hour range to build our trade setup. If we get a 15 candle close above 35150 then above 35200 we will buy for the target of 35400 and 35500.
For selling we need a 15 min candle close below 34850 then below that candle low we will sell for the target of 34500. 34500-34490 can act as a support zone as this is a PRZ area. One reversal trade can be planned from here. But 1stly we will sit and on the side side.
In case of a big gap up/down we will wait till 10 o'clock and trade that range.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.