BANKNIFTY Intraday Trade Setup For 27 Dec 2022
BANKNIFTY Intraday Trade Setup For 27 Dec 2022
Buy-Above 42850
Sl-42740
T-43010 41180 43390
Sell-Below 42530
Sl- 42640
T-42290 42055
BANKNIFTY has closed on a positive note with 2.31% gain. It has formed a big bullish engulfing candle in daily TF. We discussed yesterday that 41500 juncture is very important and can act as a base. Today it opened near the same region and buy triggered as per trade setup and a hit all targets. Buy triggered above 41845 and gave a move till 42845. No TSL hit in 5 Min charts. It was a bounce from 0.382 Fib level in daily TF. Tomorrow's best trade will be on flat opening.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 42850 then we will long for the target of 43010 and 43177.
For selling we need a 15 Min candle close below 42530. Target will be 42290 and 42055.
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 42850
Sl-42740
T-43010 41180 43390
Sell-Below 42530
Sl- 42640
T-42290 42055
BANKNIFTY has closed on a positive note with 2.31% gain. It has formed a big bullish engulfing candle in daily TF. We discussed yesterday that 41500 juncture is very important and can act as a base. Today it opened near the same region and buy triggered as per trade setup and a hit all targets. Buy triggered above 41845 and gave a move till 42845. No TSL hit in 5 Min charts. It was a bounce from 0.382 Fib level in daily TF. Tomorrow's best trade will be on flat opening.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle close above 42850 then we will long for the target of 43010 and 43177.
For selling we need a 15 Min candle close below 42530. Target will be 42290 and 42055.
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.
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