BANKNIFTY Intraday Trade Setup For 14 Jun 2023
Buy-Above 44140
Sl- 44035
T- 44337 44510
Sell-Below 43945
Sl-44050
T- 43780 43580
BANKNIFTY has closed on a slight note with 0.21% gain today. It was having a bullish bias since opening as it had open= low. Buy triggered as per trade setup and hit our 1st tgt. Trade gave more than 130 points gain (44005-44138+) which was 1:1. It has been updated many time that we have to focus on small RR gains and not for very big targets bcs they cant' be achieved due to short length moves which is due to ultra low VIX. Rising wedge breakdown is still pending as no hourly candle has closed below 43915. Now below 43870 it will be active. 44140 and 43945 are important levels for tomorrow.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44140 then we will long for the target of 44337 and 44510.
For selling we need a 15 Min candle close below 43945. T- 43780 and 43580.
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 44140
Sl- 44035
T- 44337 44510
Sell-Below 43945
Sl-44050
T- 43780 43580
BANKNIFTY has closed on a slight note with 0.21% gain today. It was having a bullish bias since opening as it had open= low. Buy triggered as per trade setup and hit our 1st tgt. Trade gave more than 130 points gain (44005-44138+) which was 1:1. It has been updated many time that we have to focus on small RR gains and not for very big targets bcs they cant' be achieved due to short length moves which is due to ultra low VIX. Rising wedge breakdown is still pending as no hourly candle has closed below 43915. Now below 43870 it will be active. 44140 and 43945 are important levels for tomorrow.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44140 then we will long for the target of 44337 and 44510.
For selling we need a 15 Min candle close below 43945. T- 43780 and 43580.
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.
