BANKNIFTY Intraday Trade Setup For 23 Aug 2024
BANKNIFTY Intraday Trade Setup For 23 Aug 2024
Bullish-Above 51090
Invalid-Below 50980
T- 51610
Bearish-Below 50780
Invalid-Above 50890
T- 50300
BANKNIFTY has closed on a bullish note with 0.59% gain today. Buy triggered as per yesterday's trade setup above 50810 and made a high of 51080 near previous swing high. Finally index has made a range shift in daily TF, range was 50800 and 49700. Index is approaching 52k zone in the coming days. 51090 and 50790 are intra levels for tomorrow.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 51090 then we will long for the target of 51610.
For selling we need a 15 Min candle close below 50780. T- 50290.
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 51090
Invalid-Below 50980
T- 51610
Bearish-Below 50780
Invalid-Above 50890
T- 50300
BANKNIFTY has closed on a bullish note with 0.59% gain today. Buy triggered as per yesterday's trade setup above 50810 and made a high of 51080 near previous swing high. Finally index has made a range shift in daily TF, range was 50800 and 49700. Index is approaching 52k zone in the coming days. 51090 and 50790 are intra levels for tomorrow.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 51090 then we will long for the target of 51610.
For selling we need a 15 Min candle close below 50780. T- 50290.
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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