BANKNIFTY Intraday Trade Setup For 13 Jan 2022

BANKNIFTY Intraday Trade Setup For 13 Jan 2022

Buy-Above 38860
Sl-39760
T-39057 39190

Sell-Below 38600
Sl-38900
T-38500 38400 38300

BANKNIFTY has formed a doji candle in daily TF. This doji candle has been formed at 0.618 level . For tomorrow's trading session the low and high of today's trading session is the trigger to initiate a trade either side.

If today's high is breached then 39000 will be tested tomorrow. And if low is breached then index will test 38400 and 38300 levels.

A big gap up can trigger profit booking in tomorrow's trading session.