BANKNIFTY Intraday Trade Setup For 1 May 2024
Aktualisiert
BANKNIFTY Intraday Trade Setup For 1 May 2024
Sell_1- From 49700
Invalid-Above 49810
T- 49390
Sell_2- Below 49240
Invalid-Above 49350
T- 48650
BANKNIFTY has closed on a bearish note as day ended near day low. It has formed a shooting star just after the breakout so may not be of that use also day was closed flat closing basis. High chance of a bounce towards 49700 if today's low will be untouched tomorrow, same can act as intraday resistance. Below 22240 post bounce atleast 0.382 from 49975 we will short. Index may find a strong support near 48600-50 zone.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 49240 then we will short for the target of 48650.
2nd short will be planned from 49700 in case of a gap up. T- 49390
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Sell_1- From 49700
Invalid-Above 49810
T- 49390
Sell_2- Below 49240
Invalid-Above 49350
T- 48650
BANKNIFTY has closed on a bearish note as day ended near day low. It has formed a shooting star just after the breakout so may not be of that use also day was closed flat closing basis. High chance of a bounce towards 49700 if today's low will be untouched tomorrow, same can act as intraday resistance. Below 22240 post bounce atleast 0.382 from 49975 we will short. Index may find a strong support near 48600-50 zone.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes below 49240 then we will short for the target of 48650.
2nd short will be planned from 49700 in case of a gap up. T- 49390
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Trade ist aktiv
BANKNIFTY Intraday Trade Setup For 2 May 2024Markets are closed tomorrow
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.