BANKNIFTY Intraday Trade Setup For 18 Feb 2022
BANKNIFTY Intraday Trade Setup For 18 Feb 2022
Buy-Above 37930
Sl-37830
T-38130 38350
Sell-Below 37400
Sl-37500
T-37230 37000
BANKNIFTY as discussed yesterday that we will sell below 37800. It gave a 300 point move in the downside. Then Index turned total sideways. Once again it has made range in intraday. Range is 37500 in the downside and 38000 in the upper side.
Tomorrow's trade setup is simple, once again we will sell below today's low i.e 37400 for the target of 37230 and 37025.
37000 will act as support so book profits there.
Buying can be avoided as of now. For buying we need a 15 candle close above 37870. Then if 37930 is crossed we will buy for the target of 38150 and 38350.
Incase of a big down if first 15 candle has a lower price rejection or makes a bullish hammer then we will buy above that candle high.
Best trade will be with flat opening.
Buy-Above 37930
Sl-37830
T-38130 38350
Sell-Below 37400
Sl-37500
T-37230 37000
BANKNIFTY as discussed yesterday that we will sell below 37800. It gave a 300 point move in the downside. Then Index turned total sideways. Once again it has made range in intraday. Range is 37500 in the downside and 38000 in the upper side.
Tomorrow's trade setup is simple, once again we will sell below today's low i.e 37400 for the target of 37230 and 37025.
37000 will act as support so book profits there.
Buying can be avoided as of now. For buying we need a 15 candle close above 37870. Then if 37930 is crossed we will buy for the target of 38150 and 38350.
Incase of a big down if first 15 candle has a lower price rejection or makes a bullish hammer then we will buy above that candle high.
Best trade will be with flat opening.
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