BANKNIFTY Intraday Trade Setup For 23 Jun 2022
Buy-Above 33055
Sl-32950
T-33250 33400 33500
Sell-Below 32750
Sl-32850
T-32570 32425 32300
BANKNIFTY has closed at day low with 1% cut. Last day we planned to sell below 33100. It opened slightly below our sell level and crashed immediately from 33100 to 32762. Our 1st target was hit. However it was tricky as it gave a very fast momentum. It has consolidated the whole day in nut shell.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 32760, we will short for the target of 32570 and 32425. Final target will be 32300.
For buying we need a 15 Min candle close above 33055. Targets will be 33250 nd 33415. Book max here at 33500.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Intraday Resistance- 33500
Intraday Support- 32300
Buy-Above 33055
Sl-32950
T-33250 33400 33500
Sell-Below 32750
Sl-32850
T-32570 32425 32300
BANKNIFTY has closed at day low with 1% cut. Last day we planned to sell below 33100. It opened slightly below our sell level and crashed immediately from 33100 to 32762. Our 1st target was hit. However it was tricky as it gave a very fast momentum. It has consolidated the whole day in nut shell.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 32760, we will short for the target of 32570 and 32425. Final target will be 32300.
For buying we need a 15 Min candle close above 33055. Targets will be 33250 nd 33415. Book max here at 33500.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Intraday Resistance- 33500
Intraday Support- 32300
