BANKNIFTY Intraday Trade Setup For 30 Jul 2024
BANKNIFTY Intraday Trade Setup For 30 Jul 2024
Sell_1- From 51905
Invalid-Above 52015
T- 51400
Sell_2-Below 51130
Invalid-Above 51240
T- 50380
BANKNIFTY has closed with a slight gain of 0.22% today. Closing sentiment is bearish as it closed near day low and formed a shooting star candle in daily TF. Sell off was brutal as in just 15-20 Min it was tanked 1100 points. So tomorrow we will maintain a bearish stance or sell on rise approach overall. 51900-51950 can be an intra resistance. Below 51130 index can slip 51600 zone.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 51130 then we will short for the target of 50380.
2nd sell positioned can be done from 51900-50 zone. T- 51400.
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.
Sell_1- From 51905
Invalid-Above 52015
T- 51400
Sell_2-Below 51130
Invalid-Above 51240
T- 50380
BANKNIFTY has closed with a slight gain of 0.22% today. Closing sentiment is bearish as it closed near day low and formed a shooting star candle in daily TF. Sell off was brutal as in just 15-20 Min it was tanked 1100 points. So tomorrow we will maintain a bearish stance or sell on rise approach overall. 51900-51950 can be an intra resistance. Below 51130 index can slip 51600 zone.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes below 51130 then we will short for the target of 50380.
2nd sell positioned can be done from 51900-50 zone. T- 51400.
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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