BANKNIFTY Intraday Trade Setup For 25 May 2022
Buy-Above 34820
Sl-34700
T-35000 35200 35500
Sell-Below 34100
Sl-34200
T-33900 33600 33400
BANKNIFTY has closed almost flat on Tuesday. It was a complete consolidation between 34100 and 34500. None trade triggered as per pre analysis. Two consecutive shooting stars formed in daily TF. Breakdown of 34100 will lead to a good fall. Bullish momentum will come above 34820.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 34110, then short for the target of 33950. After a bounce from this region, when the low will be broken it will head towards 33600 and 33350
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- 34700-34800
Intraday Support- 33350
Hourly Resistance- 34800
Hourly Support- 33000
Buy-Above 34820
Sl-34700
T-35000 35200 35500
Sell-Below 34100
Sl-34200
T-33900 33600 33400
BANKNIFTY has closed almost flat on Tuesday. It was a complete consolidation between 34100 and 34500. None trade triggered as per pre analysis. Two consecutive shooting stars formed in daily TF. Breakdown of 34100 will lead to a good fall. Bullish momentum will come above 34820.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 34110, then short for the target of 33950. After a bounce from this region, when the low will be broken it will head towards 33600 and 33350
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- 34700-34800
Intraday Support- 33350
Hourly Resistance- 34800
Hourly Support- 33000
