BANKNIFTY Intraday Trade Setup For 24 Nov 2022
BANKNIFTY Intraday Trade Setup For 24 Nov 2022
Buy-Above 42861
Sl-42750
T-43055 43250 43400
Sell-Below 42629
Sl-42740
T-42478 42347 42200
BANKNIFTY has closed on a positive note with 0.64% gain. A spinning top shaped candle has been formed in daily TF. It was total sideways till 1:30. Till last moment it was trading in 60 points range. Later 10 o'clock range broke upside and gave more than 150 points gain. As per trade setup all targets were only thing was it opened above 1st target. Sharp fall was seen in the last 30 Min. Next resistance will be 43055. Important support is 42200. Break of any these levels can give big move.
Coming to Thursday's trades setup, if index opens flat and a 15 min candle closes above 42861 then we will long or the target of 43055,43250 and 43400.
For selling we need 15 min candle close below 42629. Target will be 42478 , 42347 and 42200.
Tomorrow is Monthly expiry so trade with caution in long side especially. A profit booking from higher levels( 43055) can take place.
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 42861
Sl-42750
T-43055 43250 43400
Sell-Below 42629
Sl-42740
T-42478 42347 42200
BANKNIFTY has closed on a positive note with 0.64% gain. A spinning top shaped candle has been formed in daily TF. It was total sideways till 1:30. Till last moment it was trading in 60 points range. Later 10 o'clock range broke upside and gave more than 150 points gain. As per trade setup all targets were only thing was it opened above 1st target. Sharp fall was seen in the last 30 Min. Next resistance will be 43055. Important support is 42200. Break of any these levels can give big move.
Coming to Thursday's trades setup, if index opens flat and a 15 min candle closes above 42861 then we will long or the target of 43055,43250 and 43400.
For selling we need 15 min candle close below 42629. Target will be 42478 , 42347 and 42200.
Tomorrow is Monthly expiry so trade with caution in long side especially. A profit booking from higher levels( 43055) can take place.
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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