BANKNIFTY Intraday Trade Setup For 2 Jun 2022
Buy-Above 35800
Sl-35700
T-35950 36050
Sell-Below 35280
Sl-35400
T-35000 34800
BANKNIFTY closed inside yesterday's trading range. No levels triggered as per trade setup, However we also planned to sell from 35750 if it touches in the 1st hour. It got triggered and index gave a good downside move till 35300. It was a smooth trade. The range is wide for tomorrow's expiry.
Coming to tomorrow's trade setup, if a 15 Min candle closes above 35770, above its high we will long for the target of 35950-36000. Above 36100 expiry move may come till 36300.
For selling if a 15 Min candle closes below 35300. Below the breakdown candle's low we will sell for the target of 35000 and 34800. Book max near 34800, PRZ(Potential Reversal Zone) placed in this zone.
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 Support-34000-34100
Intraday Resistance- 35960-36000
Hourly Support- 34800
Hourly Resistance- 36650
Buy-Above 35800
Sl-35700
T-35950 36050
Sell-Below 35280
Sl-35400
T-35000 34800
BANKNIFTY closed inside yesterday's trading range. No levels triggered as per trade setup, However we also planned to sell from 35750 if it touches in the 1st hour. It got triggered and index gave a good downside move till 35300. It was a smooth trade. The range is wide for tomorrow's expiry.
Coming to tomorrow's trade setup, if a 15 Min candle closes above 35770, above its high we will long for the target of 35950-36000. Above 36100 expiry move may come till 36300.
For selling if a 15 Min candle closes below 35300. Below the breakdown candle's low we will sell for the target of 35000 and 34800. Book max near 34800, PRZ(Potential Reversal Zone) placed in this zone.
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 Support-34000-34100
Intraday Resistance- 35960-36000
Hourly Support- 34800
Hourly Resistance- 36650
