BANKNIFTY Intraday Trade Setup For 06 Sep 2023
BANKNIFTY Intraday Trade Setup For 06 Sep 2023
Bullish-Above 44670
Invalid-Below 44560
T- 44950 44250-300
Bearish-Below 44400
Invalid-Above 44510
T- 44100 43800
BANKNIFTY has closed almost on a flat note day. Nothing triggered as per trade setup today. It just traded between yesterday's buy/resistance and sell sell/support levels. Two consecutive Pin bar candles in daily charts, Above and below its higher and lower range there will be a good directional move. Daily range is intact which is 44950/45k and 44k. Tomorrow above 44670 it can give a good momentum, 44950 will the 1st stop. Above 44k if sustained there can be a short covering. 44400 is the downside gateway.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44670 then we will long for the target of 44950 and 44275-300.
For selling we need a 15 Min candle close below 44400. T- 44100 and 43800.
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 44670
Invalid-Below 44560
T- 44950 44250-300
Bearish-Below 44400
Invalid-Above 44510
T- 44100 43800
BANKNIFTY has closed almost on a flat note day. Nothing triggered as per trade setup today. It just traded between yesterday's buy/resistance and sell sell/support levels. Two consecutive Pin bar candles in daily charts, Above and below its higher and lower range there will be a good directional move. Daily range is intact which is 44950/45k and 44k. Tomorrow above 44670 it can give a good momentum, 44950 will the 1st stop. Above 44k if sustained there can be a short covering. 44400 is the downside gateway.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44670 then we will long for the target of 44950 and 44275-300.
For selling we need a 15 Min candle close below 44400. T- 44100 and 43800.
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.
פרסומים קשורים
כתב ויתור
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.