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BANKNIFTY Intraday Trade Setup For 25 Oct 2023 || Daily Analysis

Nifty Bank Index (NSE:BANKNIFTY)  
Omahto  
NSE:BANKNIFTY   Nifty Bank Index
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BANKNIFTY Intraday Trade Setup For 25 Oct 2023

Sell_1-From 43550
Invalid-Above 43660
T- 43335 43100

Sell_2- Below 43020
Invalid-Above 43130
T- 42725 42420

BANKNIFTY has closed on a complete bearish note with 1.31% cut on Monday. 43550 was the short level for last session. It triggered and we witnessed a free fall in index. Wild bearish move will continue below 43020/43k. There is a high probability of a pullback tomorrow so in case 43550 is tested in the opening sentiment then we will plan a short from there. 2nd confluence level is 43350 zone in case it opens below this zone.

Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes below 43020. T- 42725 and 42425.

Incase 43550 is tested in the 1st hour then we will short from there. T- 43335 and 43100.

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.

Ide yang Berhubungan

Omahto
NIFTY Intraday Trade Setup For 25 Oct 2023 || Daily Analysis
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