BANKNIFTY Intraday Trade Setup For 28 Apr 2023
Buy-Above 43045
Sl-42935
T-42335 42620
Sell-Below 42790
Sl-42900
T- 42615 42430
BAKNIFTY has closed on a bullish sentiment with 0.4% gain today. Last week it was said that 42380 is very important above which we we will plan the directional trade. After it was triggered we are in smooth profit of more than 650 points (42380-43043+). Bullishness likely to continue above today' s high. Today buy triggered above 42880 which was updated to exit at cost and was told to enter in the next time. Later in the 2nd attempt it gave more than 150 points after re-entry. Momentum was sideways unlike NIFTY.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43045 then we will long for the target of 43335 and 43620.
For selling we need a 15 Min candle close below 42795. T- 42615 and 42430.
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 43045
Sl-42935
T-42335 42620
Sell-Below 42790
Sl-42900
T- 42615 42430
BAKNIFTY has closed on a bullish sentiment with 0.4% gain today. Last week it was said that 42380 is very important above which we we will plan the directional trade. After it was triggered we are in smooth profit of more than 650 points (42380-43043+). Bullishness likely to continue above today' s high. Today buy triggered above 42880 which was updated to exit at cost and was told to enter in the next time. Later in the 2nd attempt it gave more than 150 points after re-entry. Momentum was sideways unlike NIFTY.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43045 then we will long for the target of 43335 and 43620.
For selling we need a 15 Min candle close below 42795. T- 42615 and 42430.
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.
