BANKNIFTY Intraday Trade Setup For 3 Nov 2022
BANKNIFTY Intraday Trade Setup For 3 Nov 2022
Buy-Above 41225
Sl-41115
T-41350 41475 41570
Sell-Below 41060
Sl-41170
T-40840 40610
BANKNIFTY has closed on a negative sentiment with slight cut of 0.35% cut. Last day we planned to buy above 41400 , it was triggered but sl hit. Later 10 o'clock range broke downside and sell level also triggered and gave 170 points gain. In nutshell it was green as per trade setup. Important levels are 41850 and 40830. Above and below a fresh move will come.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41225 then we will long for the target of 41350, 41475. Above which we will hit 41570 and 41700.
For selling we need a 15 Min candle close below 41060. Target will be 40840 and 40610. In between 40935 and 40718 are also placed.
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 41225
Sl-41115
T-41350 41475 41570
Sell-Below 41060
Sl-41170
T-40840 40610
BANKNIFTY has closed on a negative sentiment with slight cut of 0.35% cut. Last day we planned to buy above 41400 , it was triggered but sl hit. Later 10 o'clock range broke downside and sell level also triggered and gave 170 points gain. In nutshell it was green as per trade setup. Important levels are 41850 and 40830. Above and below a fresh move will come.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 41225 then we will long for the target of 41350, 41475. Above which we will hit 41570 and 41700.
For selling we need a 15 Min candle close below 41060. Target will be 40840 and 40610. In between 40935 and 40718 are also placed.
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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