BANKNIFTY Intraday Trade Setup For 25 Sep 2024

BANKNIFTY Intraday Trade Setup For 25 Sep 2024

Bullish-Above 54250
Invalid-Below 54140
T- 54765

Bearish-Below 53900
Invalid-Above 54010
T- 53370

BANKNIFTY has closed on a slight bearish note with 0.25% cut today. However bearish sentiment will confirm when it will close below PDL in daily TF. Below 53900 there is chance of dip towards 53370 zone. As per its behaviour after a rally it turns sideways so be cautious for any huge exposure in directional approach as of now. Above 54250 index can hit 54800 zone.

Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 54250 then we will long for the target of 54765.

For selling we need a 15 Min candle close below 53900. T- 53370.

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.
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