BANKNIFTY Intraday Trade Setup For 17 Nov 2021
Buy-Above 38400
Sl-38300
T-38560 38770
Sell-Below 38200
Sl-38300
T-38040 37900 37869
Banknifty is sell on rise as said since last many days. Trade setup is very simple short below 38200 , below yesterday's low for the target of 38040. 38000 is a psychology level support can be seen here so book 80% here.
Reduce quantity in buying side, go with full exposure in sell side.
Today a very important level was tested and breached is 38300 .If index closes below this than we can see fall till 38500 and 36700 is is decent profit booking.
Whenever there is selling opportunity buy options and whenever you get buying opportunity can sell options .
Also trade all the bear flags . They are formed in a bear market. Today also 2 bear flags were formed and gave very good profit.
Buy-Above 38400
Sl-38300
T-38560 38770
Sell-Below 38200
Sl-38300
T-38040 37900 37869
Banknifty is sell on rise as said since last many days. Trade setup is very simple short below 38200 , below yesterday's low for the target of 38040. 38000 is a psychology level support can be seen here so book 80% here.
Reduce quantity in buying side, go with full exposure in sell side.
Today a very important level was tested and breached is 38300 .If index closes below this than we can see fall till 38500 and 36700 is is decent profit booking.
Whenever there is selling opportunity buy options and whenever you get buying opportunity can sell options .
Also trade all the bear flags . They are formed in a bear market. Today also 2 bear flags were formed and gave very good profit.
