BANKNIFTY Intraday Trade Setup For 14 Mar 2022
Buy-Above 34700
Sl-34600
T-34880 35000 35150
Sell-Below 34300
Sl-34400
T-34000 33800 33600
BANKNIFTY has traded almost inside the Thursday's trading range on Friday. It was a complete consolidation. It is trading between the range of 35000 and 34000. Index is likely to show a sideways momentum for somedays. Because Index has been trading with huge volatility for quiet some time. Also the FIIs and DIIs activity has subsided since last 3 days.
Safe traders should wait till 35000 and 34000 is broken either side. Momentum will be seen above 35000 and below 34000. But aggressive trade can be done if we get a candle close above 34700 then we will buy for the target of 34880 and 35000. Above 35000 target will be 35200.
For selling if we get a candle close below 34300 then we will sell for the target of 34100 and 34000. Below 34000 we will get a move till 33600. Safe traders should wait till 34000 is broke.
In case of any big gap up/down , we will wait till 10 o'clock and trade that range breakout/breakdown.
Buy-Above 34700
Sl-34600
T-34880 35000 35150
Sell-Below 34300
Sl-34400
T-34000 33800 33600
BANKNIFTY has traded almost inside the Thursday's trading range on Friday. It was a complete consolidation. It is trading between the range of 35000 and 34000. Index is likely to show a sideways momentum for somedays. Because Index has been trading with huge volatility for quiet some time. Also the FIIs and DIIs activity has subsided since last 3 days.
Safe traders should wait till 35000 and 34000 is broken either side. Momentum will be seen above 35000 and below 34000. But aggressive trade can be done if we get a candle close above 34700 then we will buy for the target of 34880 and 35000. Above 35000 target will be 35200.
For selling if we get a candle close below 34300 then we will sell for the target of 34100 and 34000. Below 34000 we will get a move till 33600. Safe traders should wait till 34000 is broke.
In case of any big gap up/down , we will wait till 10 o'clock and trade that range breakout/breakdown.
