BANKNIFTY Intraday Trade Setup For 27 Feb 2024
BANKNIFTY Intraday Trade Setup For 27 Feb 2024
Bullish-Above 46900
Invalid-Below 46790
T- 47425 48025
Bearish-Below 46500
Invalid-Above 46610
T- 45990 45470
BANKNIFTY has closed on a bearish note with 0.5% cut today. Sell triggered as per trade setup below 46720 and gave a move till 46520, however targets were pending. Looking at last 3 daily candles if index makes the 4rth candle a green then only possibility of a bullish move is there. 46900 and 46500 are important intraday levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46900 then we will long for the target of 47425 and 48025.
For selling we need a 15 Min candle close below 46500. T- 45990 and 45470.
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.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bullish-Above 46900
Invalid-Below 46790
T- 47425 48025
Bearish-Below 46500
Invalid-Above 46610
T- 45990 45470
BANKNIFTY has closed on a bearish note with 0.5% cut today. Sell triggered as per trade setup below 46720 and gave a move till 46520, however targets were pending. Looking at last 3 daily candles if index makes the 4rth candle a green then only possibility of a bullish move is there. 46900 and 46500 are important intraday levels for tomorrow's session.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 46900 then we will long for the target of 47425 and 48025.
For selling we need a 15 Min candle close below 46500. T- 45990 and 45470.
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.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
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