BANKNIFTY Intraday Trade Setup For 1 May 2024
Sell_1- From 49700
Invalid-Above 49810
T- 49390
Sell_2- Below 49240
Invalid-Above 49350
T- 48650
BANKNIFTY has closed on a bearish note as day ended near day low. It has formed a shooting star just after the breakout so may not be of that use also day was closed flat closing basis. High chance of a bounce towards 49700 if today's low will be untouched tomorrow, same can act as intraday resistance. Below 22240 post bounce atleast 0.382 from 49975 we will short. Index may find a strong support near 48600-50 zone.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 49240 then we will short for the target of 48650.
2nd short will be planned from 49700 in case of a gap up. T- 49390
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.
Sell_1- From 49700
Invalid-Above 49810
T- 49390
Sell_2- Below 49240
Invalid-Above 49350
T- 48650
BANKNIFTY has closed on a bearish note as day ended near day low. It has formed a shooting star just after the breakout so may not be of that use also day was closed flat closing basis. High chance of a bounce towards 49700 if today's low will be untouched tomorrow, same can act as intraday resistance. Below 22240 post bounce atleast 0.382 from 49975 we will short. Index may find a strong support near 48600-50 zone.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 49240 then we will short for the target of 48650.
2nd short will be planned from 49700 in case of a gap up. T- 49390
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.
Giao dịch đang hoạt động
BANKNIFTY Intraday Trade Setup For 2 May 2024Markets are closed tomorrow
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.