BANKNIFTY Intraday Trade Setup For 22 Nov 2022

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BANKNIFTY Intraday Trade Setup For 22 Nov 2022

Buy-Above 42390
Sl-42280
T-42513 42637 42870

Sell-Below 42200
Sl-42310
T- 42060 41890 41725

BANKNIFTY has closed with a minor cut of 0.21% today. The cut is contributed by gap down. Today it traded within a very small range; 41200 and 42400. It was complete choppy market. It tested our sell level. Updated to short below 42200 which was not triggered. It traded within the 10 o'clock range. Today's range is important for tomorrow's session. Above day high it will head towards 42600 zone Above 42650 if sustained then we will head towards 43050. Below 42200 it can start a downside journey towards 41500.

Coming to Tuesday's trade Setup, if index opens flat and a 15 min candle closes above 42390 then we will long for the target of 42512, 42636. Above 42650 it will head towards 43050+.

For selling we need a 15 min candle close below 42200. Target will be 42060. Below 42000 if sustained then we will proceed towards 41890, 41725 and 41530.

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.
Transaction en cours
long triggered but not holding and trading at cost since long time.
Exit cost to cost
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