BANKNIFTY Intraday Trade Setup For 13 Jul 2022
Buy-Above 35420
Sl-35300
T-35540 35650
Sell- From 35285
Sl-35400
T-35150 35000 34825
BANKNIFTY has formed an inside candle in daily TF. Last day we planned to sell below 35200. It got triggered in the last 30 Min and gave a move till 35050. Now next support is 35000. Below this (34970) next round of selling is expected.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 34975. We will sell for the target of 34825 and 34625.
For buying we need a 5/15 Min candle close above 35420. Target will be 35540 and 35650.
Book max near 35650, daily PRZ placed.
In case it opens gap up and 35285 is tested in the 1st 45 Min , we will short for the target of 35150 and 35000.
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 35420
Sl-35300
T-35540 35650
Sell- From 35285
Sl-35400
T-35150 35000 34825
BANKNIFTY has formed an inside candle in daily TF. Last day we planned to sell below 35200. It got triggered in the last 30 Min and gave a move till 35050. Now next support is 35000. Below this (34970) next round of selling is expected.
Coming to tomorrow's trade setup, if index opens flat and a 5/15 Min candle closes below 34975. We will sell for the target of 34825 and 34625.
For buying we need a 5/15 Min candle close above 35420. Target will be 35540 and 35650.
Book max near 35650, daily PRZ placed.
In case it opens gap up and 35285 is tested in the 1st 45 Min , we will short for the target of 35150 and 35000.
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.
