BANKNIFTY Intraday Trade Setup For 24 Sep 2024
Bullish-Above 54200
Invalid-Below 54090
T- 54764
Bearish-Below 53740
Invalid-Above 53850
T- 53200
BANKNIFTY has closed on a bullish note with 0.58% gain today. It was firmly bullish since opening, however free float move came above 54k. There can be continuation of bullish move above 54200 post pullback breakout. Next confluence zone seems to be 54800. Below 53740 profit booking can be triggered. Overall buy on dips with bullish reversal structures in intraday.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 54200 then we will long for the target of 54764.
For selling we need a 15 Min candle close below 53740. T- 53200.
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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