BANKNIFTY Intraday Trade Setup For 30 Aug 2023
Bullish-Above 44600
Invalid-Below 44490
T- 44840 45045
Bearish-Below 44420
Invalid- Above 44530
T- 44194 43915
BANKNIFTY has closed on an absolute flat note today. It was sideways the day. Nothing triggered as per trade setup today. Tomorrow if it sustains above today's high then there can be a good up move. However we will plan an aggressive entry above 44600 itself. Below 44220, if sustained then there can be good fall also. Hourly range is intact - 45000 and 44000. Till the time it is inside the range it is going to be sideways.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44600 then we will long for the target of 44840 and 45045.
For selling we need a 15 Min candle close below 44420. T- 44194 and 43915.
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.
Bullish-Above 44600
Invalid-Below 44490
T- 44840 45045
Bearish-Below 44420
Invalid- Above 44530
T- 44194 43915
BANKNIFTY has closed on an absolute flat note today. It was sideways the day. Nothing triggered as per trade setup today. Tomorrow if it sustains above today's high then there can be a good up move. However we will plan an aggressive entry above 44600 itself. Below 44220, if sustained then there can be good fall also. Hourly range is intact - 45000 and 44000. Till the time it is inside the range it is going to be sideways.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44600 then we will long for the target of 44840 and 45045.
For selling we need a 15 Min candle close below 44420. T- 44194 and 43915.
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.
