BANKNIFTY Intraday Trade Setup For 19 Jul 2023
Buy-Above 45655
Sl-45545
T- 45925 46230
Sell-Below 45280
Sl-45390
T- 45034 44790
BANKNIFTY has closed on an absolute flat note today. It opened with a decent continuation gap and tested our buy target in the 1st 15 Min candle. Since it opened gap up so 10 o'clock range worked perfectly. Range broke downside below 45580 and gave almost 300 points gain. Coming to tomorrow's session, it has formed a base at 45280, breakdown can initiate a good down move for intraday. Buying momentum will kick in above today's high but 45655 is a crucial swing high to look for breakout. Be strict in trailing.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45655 then we will long for the target of 45925 and 46230.
For selling we need a 15 Min candle close below 45280. T- 45034 and 44790.
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 45655
Sl-45545
T- 45925 46230
Sell-Below 45280
Sl-45390
T- 45034 44790
BANKNIFTY has closed on an absolute flat note today. It opened with a decent continuation gap and tested our buy target in the 1st 15 Min candle. Since it opened gap up so 10 o'clock range worked perfectly. Range broke downside below 45580 and gave almost 300 points gain. Coming to tomorrow's session, it has formed a base at 45280, breakdown can initiate a good down move for intraday. Buying momentum will kick in above today's high but 45655 is a crucial swing high to look for breakout. Be strict in trailing.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45655 then we will long for the target of 45925 and 46230.
For selling we need a 15 Min candle close below 45280. T- 45034 and 44790.
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.
