BANKNIFTY Intraday Trade Setup For 7 Mar 2022
BANKNIFTY Intraday Trade Setup For 7 Mar 2022
Buy-Above 35110
Sl-35000
T-35350 35600
Sell-Below 34300
Sl-34400
T-34100 3400 33680
BANKNIFTY opened with a very big gap down on Friday. and showed 3 way move fall recovery again sharp fall. IT is trading near a major support of 34000 in daily TF. If this level is breached then index will show a panic selling once again.
Best trade will be in sell side, so below 34300 will sell till 34100 and 34000. But if index fails to sustain the support levels then will carry our short till 33700.
For buying we need to wait till 34100. If a 15 candle closes above this then our target will be 35350 and 35600.
The range is too big. Adding to this range we have been opening with a big gap up/down since this Russia Ukraine issue came in headline. So, if we open with a very big gap/down then wait till 10 o'clock and trade that range breakout/down.
Live trade setup will be used in case of any gap up/down.
Buy-Above 35110
Sl-35000
T-35350 35600
Sell-Below 34300
Sl-34400
T-34100 3400 33680
BANKNIFTY opened with a very big gap down on Friday. and showed 3 way move fall recovery again sharp fall. IT is trading near a major support of 34000 in daily TF. If this level is breached then index will show a panic selling once again.
Best trade will be in sell side, so below 34300 will sell till 34100 and 34000. But if index fails to sustain the support levels then will carry our short till 33700.
For buying we need to wait till 34100. If a 15 candle closes above this then our target will be 35350 and 35600.
The range is too big. Adding to this range we have been opening with a big gap up/down since this Russia Ukraine issue came in headline. So, if we open with a very big gap/down then wait till 10 o'clock and trade that range breakout/down.
Live trade setup will be used in case of any gap up/down.
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