BANKNIFTY Intraday Trade Setup For 3 Oct 2022
BANKNIFTY Intraday Trade Setup For 3 Oct 2022
Buy-Above 38815
Sl-38700
T-39000 39200
Sell-Below 38530
Sl-38650
T-38200 37889
BANKNIFTY has closed on a positive note and formed a bullish engulfing candle on Friday. On Friday our TSL for short trade was triggered as previous high was tested in 15 Min TF. This trade gave us a fantastic straight move below our shot level (40280-37850). Next selling pressure will resume below Friday's low- 37380. We need more price action to make a fresh directional move upside.
Coming to Monday's trade setup, if index opens flat and a 15 min candle close above 38811, then we will long for the target of 39000 and 39200+.
For selling we need a 15 Min candle close below 38530. Target will be 38200 and 37889.
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 38815
Sl-38700
T-39000 39200
Sell-Below 38530
Sl-38650
T-38200 37889
BANKNIFTY has closed on a positive note and formed a bullish engulfing candle on Friday. On Friday our TSL for short trade was triggered as previous high was tested in 15 Min TF. This trade gave us a fantastic straight move below our shot level (40280-37850). Next selling pressure will resume below Friday's low- 37380. We need more price action to make a fresh directional move upside.
Coming to Monday's trade setup, if index opens flat and a 15 min candle close above 38811, then we will long for the target of 39000 and 39200+.
For selling we need a 15 Min candle close below 38530. Target will be 38200 and 37889.
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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