BANKNIFTY Intraday Trade Setup For 3 Sep 2024
BANKNIFTY Intraday Trade Setup For 3 Sep 2024
Bullish-Above 51600
Invalid-Below 51490
T- 52000+
Bearish-Below 51250
Invalid-Above 51360
T- 50735
BANKNIFTY has closed on a flat note once again with slight gain of 0.17% gain today. Index is just sideways with spikes. Till now index has not gained momentum. It is just momentum less. VIX needs to rise above 15 or else it will become hell for directional traders. 51600 and 51250 are intraday levels for tomorrow.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 51600 then we will long for the target of 52k+.
For selling we need a 15 Min candle close below 51250. T- 50735.
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 51600
Invalid-Below 51490
T- 52000+
Bearish-Below 51250
Invalid-Above 51360
T- 50735
BANKNIFTY has closed on a flat note once again with slight gain of 0.17% gain today. Index is just sideways with spikes. Till now index has not gained momentum. It is just momentum less. VIX needs to rise above 15 or else it will become hell for directional traders. 51600 and 51250 are intraday levels for tomorrow.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 51600 then we will long for the target of 52k+.
For selling we need a 15 Min candle close below 51250. T- 50735.
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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