BANKNIFTY Intraday Trade Setup For 03 Jul 2023
Buy-Above 44790
Sl-44680
T- 45039 45265
Sell-Below 44615
Sl-44725
T- 44370 44115
BANKNIFTY has closed at all time high with 2.58% gain last week. Last week 44100 and 43340 was the hourly range and 44500 and 43340 being the daily range. Hourly range and daily range both shifted in the upside. Index is heading towards 45700-46k zone as per the daily range shift. No sign of selling till we get a bearish price structure in daily TF. Dips will be considered to buy on a reversal sign as pullback trading. 44790 and 44615 are important levels for Monday's session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44790 then we will long for the target of 45039 and 45265.
For selling we need a 15 min candle close below 44615. T- 44370 and 44115.
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.
Buy-Above 44790
Sl-44680
T- 45039 45265
Sell-Below 44615
Sl-44725
T- 44370 44115
BANKNIFTY has closed at all time high with 2.58% gain last week. Last week 44100 and 43340 was the hourly range and 44500 and 43340 being the daily range. Hourly range and daily range both shifted in the upside. Index is heading towards 45700-46k zone as per the daily range shift. No sign of selling till we get a bearish price structure in daily TF. Dips will be considered to buy on a reversal sign as pullback trading. 44790 and 44615 are important levels for Monday's session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 44790 then we will long for the target of 45039 and 45265.
For selling we need a 15 min candle close below 44615. T- 44370 and 44115.
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.
