BANKNIFTY Intraday Trade Setup For 09 Jan 2023
Sell_1- From 47930
Invalid-Above 48040
T- 47650 47400
Sell_2- Below 47380
Invalid-Above 47490
T- 46920 46635
BANKNIFTY has closed on a bold bullish note with 1.47% cut today. Sell
triggered as per trade setup below 47820 and hit 1st target EOD
(47820-47390). On a flat opening below today's low there an be another
round of selling. Index may do a CIP structure in weekly TF , CIP
support will 46300 zone. Incase it opens gap up and testes 47930 then we
will short from there. Best trade will be short below day low on flat
opening. Hourly support is 46900.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle
closes below 47380 then we will short for the target of 46920 and 46635
(extreme).
2nd sell can be opened from 47930 in case of fat opening or gap up. T- 47650 and 47400.
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.
Tuesday, January 9, 2024
BANKNIFTY LEVEL 9/1/2024
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