BANKNIFTY Intraday Trade Setup For 25 Aug 2023
Sell_1-From 44755
Invalid-Above 44865
T- 44500 44280
Sell_2- Below 44430
Invalid-Above 44540
T- 44175 43915
BANKNIFTY has closed on an absolutely flat note today after a big roller coaster ride. After the breakout of our bullish reversal key level- 44100 in hourly TF it gave a very good momentum 44949. Today it opened with a big gap up and 10 o'clock range broke downside below 44613 and 170 points gain with 120 points sl. Tomorrow if there is a gap down opening and 10 o'clock range breaks upside then we will buy. On a flat opening or gap up opening 44755 will be our short level.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44430 then we will short for the target of 44174 and 43915.
In case of a flat/gap up opening we will short from 44755. T- 44500 and 44174.
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.
Sell_1-From 44755
Invalid-Above 44865
T- 44500 44280
Sell_2- Below 44430
Invalid-Above 44540
T- 44175 43915
BANKNIFTY has closed on an absolutely flat note today after a big roller coaster ride. After the breakout of our bullish reversal key level- 44100 in hourly TF it gave a very good momentum 44949. Today it opened with a big gap up and 10 o'clock range broke downside below 44613 and 170 points gain with 120 points sl. Tomorrow if there is a gap down opening and 10 o'clock range breaks upside then we will buy. On a flat opening or gap up opening 44755 will be our short level.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes below 44430 then we will short for the target of 44174 and 43915.
In case of a flat/gap up opening we will short from 44755. T- 44500 and 44174.
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.
