BANKNIFTY Intraday Trade Setup For 3 Oct 2024
BANKNIFTY Intraday Trade Setup For 3 Oct 2024
Bullish-Above 53250
Invalid-Below 53140
T- 53850
Bearish-Below 52800
Invalid-Above 52910
T- 52200
BANKNIFTY has closed on a slight bearish note last day with 0.1% cut. Index may give a bounce only if there is a gap up and 10 o'clock range breaks in the upside or else it will be a sell on rise market. Best trade looks in the downside below 52800 on a flat opening. Next important confluence looks near 52170-200 zone as per ABCD plotted.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 53250 then we will long for the target of 53850.
For selling we need a 15 Min candle close below 52800. T- 52200.
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.
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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.
Bullish-Above 53250
Invalid-Below 53140
T- 53850
Bearish-Below 52800
Invalid-Above 52910
T- 52200
BANKNIFTY has closed on a slight bearish note last day with 0.1% cut. Index may give a bounce only if there is a gap up and 10 o'clock range breaks in the upside or else it will be a sell on rise market. Best trade looks in the downside below 52800 on a flat opening. Next important confluence looks near 52170-200 zone as per ABCD plotted.
Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 53250 then we will long for the target of 53850.
For selling we need a 15 Min candle close below 52800. T- 52200.
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.
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