BANKNIFTY Intraday Trade Setup For 07 Sep 2023
BANKNIFTY Intraday Trade Setup For 07 Sep 2023
Bullish-Above 44670
Invalid-Below 44560
T- 44950 44275
Bearish-Below 44200
Invalid-Above 44310
T- 43965 43725
BANKNIFTY has closed with a slight cut of 0.28% today. It opened flat and sell triggered as per trade setup below 44400 and gave a decent move of 180 points till 44210. Once again a pinbar candle in daily TF but of no use inside the daily range. Daily range is still intact- 44k and 45k. Tomorrow above today's high if sustained in 15 Min TF then there can be a bullish momentum. However we will buy above 44670. It will bearish below 44200.
Coming to Thursday'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 above 44k 44275-95.
For selling we need a 15 Min candle close below 44200. T- 43965 and 43725.
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 44275
Bearish-Below 44200
Invalid-Above 44310
T- 43965 43725
BANKNIFTY has closed with a slight cut of 0.28% today. It opened flat and sell triggered as per trade setup below 44400 and gave a decent move of 180 points till 44210. Once again a pinbar candle in daily TF but of no use inside the daily range. Daily range is still intact- 44k and 45k. Tomorrow above today's high if sustained in 15 Min TF then there can be a bullish momentum. However we will buy above 44670. It will bearish below 44200.
Coming to Thursday'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 above 44k 44275-95.
For selling we need a 15 Min candle close below 44200. T- 43965 and 43725.
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.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.