BANKNIFTY Intraday Trade Setup For 10 Mar 2022
BANKNIFTY Intraday Trade Setup For 10 Mar 2022
Buy-Above 34020
Sl-33900
T-34200 34500 34650
Sell-Below 33700
Sl-33800
T-33500 33300
BANKNIFTY has closed on a positive note on Wednesday. Shorts have been covered before a day of expiry. We planned to buy above 33300. After making a tight range below 33300, range broke and shot up till 33969. It was a good day.
Coming to tomorrow's trade setup, we are going to use the last 1 hour range to build our trade for Expiry day. If we open flat and a 15 candle closes above 34000, then above 34020 or above that 15 Min candle we will buy for the target of 34200 and 34500.
For selling if we get a 15 candle closes below 33727 then below 33700 we will sell for the target of 33500. 33470-33500 can give a support. But if that is broken after a bounce then next round of selling will come till 33300.
Tomorrow is expiry, trade carefully. In case of any big gap/down use 10 o'clock range.
Buy-Above 34020
Sl-33900
T-34200 34500 34650
Sell-Below 33700
Sl-33800
T-33500 33300
BANKNIFTY has closed on a positive note on Wednesday. Shorts have been covered before a day of expiry. We planned to buy above 33300. After making a tight range below 33300, range broke and shot up till 33969. It was a good day.
Coming to tomorrow's trade setup, we are going to use the last 1 hour range to build our trade for Expiry day. If we open flat and a 15 candle closes above 34000, then above 34020 or above that 15 Min candle we will buy for the target of 34200 and 34500.
For selling if we get a 15 candle closes below 33727 then below 33700 we will sell for the target of 33500. 33470-33500 can give a support. But if that is broken after a bounce then next round of selling will come till 33300.
Tomorrow is expiry, trade carefully. In case of any big gap/down use 10 o'clock range.
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