BANKNIFTY Intraday Trade Setup For 23 Jun 2023
Buy- Above 43860
Sl-43755
T- 44040 44280
Sell-Below 43660
Sl- 43765
T- 43465 43270
BANKNIFTY has closed on a bearish note with 0.31% cut. Hourly range has been updated last week only. Till the time we are inside 43390 and 44500 in hourly TF. It was said last week that we will see sideways momentum till we give hourly breakout. Range trading is all about buying from support and selling from resistance. Today buy triggered as per trade setup which hit sl then it turned full volatile inside previous day's range. 43860 and 43660 are important levels for tomorrow's session.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43860 then we will long for the target of 44040 and 44280-300.
For selling we need a 15 min candle close below 43660. T- 43465 and 43270.
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 43860
Sl-43755
T- 44040 44280
Sell-Below 43660
Sl- 43765
T- 43465 43270
BANKNIFTY has closed on a bearish note with 0.31% cut. Hourly range has been updated last week only. Till the time we are inside 43390 and 44500 in hourly TF. It was said last week that we will see sideways momentum till we give hourly breakout. Range trading is all about buying from support and selling from resistance. Today buy triggered as per trade setup which hit sl then it turned full volatile inside previous day's range. 43860 and 43660 are important levels for tomorrow's session.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 43860 then we will long for the target of 44040 and 44280-300.
For selling we need a 15 min candle close below 43660. T- 43465 and 43270.
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.
