BANKNIFTY Intraday Trade Setup For 26 Jun 2024
BANKNIFTY Intraday Trade Setup For 26 Jun 2024
Bullish-Above 52760
Invalid-Above 52650
T- 53250
Bearish-Below 52240
Invalid-Above 52350
T- 51680
BANKNIFTY has closed on a bold bullish note with 1.74% gain today. Market was trendy after 12 PM as momentum came after that. Buy triggered as per trade setup above 51800 and hit 1st target 52700 very smoothly. Tomorrow if we get a pullback breakout of 52760 then once again bullish move can be seen. 52240 can act as an confluence zone as it is a probable intra support. In case it breaks 52240 then we will short.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 52760 then we will long for the target of 53250.
For selling we need a 15 Min candle close below 52240. T- 51680.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bullish-Above 52760
Invalid-Above 52650
T- 53250
Bearish-Below 52240
Invalid-Above 52350
T- 51680
BANKNIFTY has closed on a bold bullish note with 1.74% gain today. Market was trendy after 12 PM as momentum came after that. Buy triggered as per trade setup above 51800 and hit 1st target 52700 very smoothly. Tomorrow if we get a pullback breakout of 52760 then once again bullish move can be seen. 52240 can act as an confluence zone as it is a probable intra support. In case it breaks 52240 then we will short.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 52760 then we will long for the target of 53250.
For selling we need a 15 Min candle close below 52240. T- 51680.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
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