BANKNIFTY Intraday Trade Setup For 18 Oct 2022
Buy-Above 39975
Sl-39865
T- 40150 40300 40530
Sell-Below 39780
Sl-39890
T-39600 39400 39150
BANKNIFTY has closed on a positive note with 1.56% gain. In the weekend we discussed about the range which was 39610 and 38430 , above and below we planned for a directional move. Today the range has been broken @ 39610 and sustained , now trail sl to cost as and keep strict trailing in 15 Min TF to ride the up move.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39975 then we will long for the target of 40150 and 40300. Book max here and trail strictly to ride any further up move.
For selling we need a 15 Min candle close below 39780. Post breakdown our target will be 39600. Below 39600 if sustained then we will hit 39400 and 39150.
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 39975
Sl-39865
T- 40150 40300 40530
Sell-Below 39780
Sl-39890
T-39600 39400 39150
BANKNIFTY has closed on a positive note with 1.56% gain. In the weekend we discussed about the range which was 39610 and 38430 , above and below we planned for a directional move. Today the range has been broken @ 39610 and sustained , now trail sl to cost as and keep strict trailing in 15 Min TF to ride the up move.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 39975 then we will long for the target of 40150 and 40300. Book max here and trail strictly to ride any further up move.
For selling we need a 15 Min candle close below 39780. Post breakdown our target will be 39600. Below 39600 if sustained then we will hit 39400 and 39150.
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.
