BANKNIFTY Intraday Trade Setup For 27 Apr 2023
Buy-Above 42880
Sl-42775
T-43105 43335
Sell-Below 42650
Sl-42755
T- 42450 42185
BANKNIFTY has closed on a bullish note with 0.35% gain. It was a great day for bulls as it shot up with double force from day low. Today sell triggered first below 42600 and almost hit our 1st target (42600-42432). Then a morning star formed at day low and reversed completely. Bullishness likely to continue above today's high. Best continuation trade will be on flat opening. It is approaching 42335-50 as per ABCD above today's high. Index will be weak only below 42650 is sustained firmly.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 42880 then we will long for the target of 43105 and 43335-50.
For selling we need a 15 Min candle close below 42650. T- 42450 and 42185.
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 42880
Sl-42775
T-43105 43335
Sell-Below 42650
Sl-42755
T- 42450 42185
BANKNIFTY has closed on a bullish note with 0.35% gain. It was a great day for bulls as it shot up with double force from day low. Today sell triggered first below 42600 and almost hit our 1st target (42600-42432). Then a morning star formed at day low and reversed completely. Bullishness likely to continue above today's high. Best continuation trade will be on flat opening. It is approaching 42335-50 as per ABCD above today's high. Index will be weak only below 42650 is sustained firmly.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 42880 then we will long for the target of 43105 and 43335-50.
For selling we need a 15 Min candle close below 42650. T- 42450 and 42185.
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.
