BANKNIFTY has closed almost on a flat note day. Nothing triggered as per trade setup today. It just traded between yesterday's buy/resistance and sell sell/support levels. Two consecutive Pin bar candles in daily charts, Above and below its higher and lower range there will be a good directional move. Daily range is intact which is 44950/45k and 44k. Tomorrow above 44670 it can give a good momentum, 44950 will the 1st stop. Above 44k if sustained there can be a short covering. 44400 is the downside gateway.
Coming to Wednesday'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 44275-300.
For selling we need a 15 Min candle close below 44400. T- 44100 and 43800.
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.
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.