BANKNIFTY Intraday Trade Setup For 30 Dec 2021
BANKNIFTY Intraday Trade Setup For 30 Dec 2021
Buy-Above 35400
Sl-35300
T-35500 35800
Sell-Below 34890
Sl-34990
T-34715 34535
BANKNIFTY is just consolidating between 35500 and 35000. However 35000 was broken in the last 15 Min. We planned to buy above 35300 the trade went buy after 20 min we got a reversal candle and had to exit cost to cost. And reversed our position there.
Coming to tomorrow's Monthly Expiry trade setup - we will plan to short below 35000 if we get a 15 candle close below that. However momentum short will be below 34890 i.e today's low. For buying need closing above 35400, above which 35500 is hourly resistance.
Above 35500 short covering move will come. If 35500 is breached then will target 200-300 points in the upside.
Tomorrow is Monthly Expiry so volatility will be there.
Buy-Above 35400
Sl-35300
T-35500 35800
Sell-Below 34890
Sl-34990
T-34715 34535
BANKNIFTY is just consolidating between 35500 and 35000. However 35000 was broken in the last 15 Min. We planned to buy above 35300 the trade went buy after 20 min we got a reversal candle and had to exit cost to cost. And reversed our position there.
Coming to tomorrow's Monthly Expiry trade setup - we will plan to short below 35000 if we get a 15 candle close below that. However momentum short will be below 34890 i.e today's low. For buying need closing above 35400, above which 35500 is hourly resistance.
Above 35500 short covering move will come. If 35500 is breached then will target 200-300 points in the upside.
Tomorrow is Monthly Expiry so volatility will be there.
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