BANKNIFTY Intraday Trade Setup For 17 Jun 2022
Sell_1- From 33250
Sl-33350
T-33000 32600
Sell-Below 32530
Sl-32630
T- 32340 32150
BANKNIFTY has formed a big red candle in daily TF. Important support of 33000 was broken decisively. It opened with a decent decent gap at our 1st target and fell from the 1st candle. Meanwhile 10 o'clock range broke downside below 33550 and fell non stop till 32540.
After a big fall index may take a pause for a day. In case it opens gap up then chances of an inside candle is high. In case of a big gap up we will short from 33250 for the target of 33000 and 32600.
In case it opens flat then wait till today's low to be breached. If a 5 Min candle closes below 32535 then short for the target of 32340 and 32155.
Be cautious in long and focus on sell on rise.
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- 32350
Hourly Resistance- 33800
Sell_1- From 33250
Sl-33350
T-33000 32600
Sell-Below 32530
Sl-32630
T- 32340 32150
BANKNIFTY has formed a big red candle in daily TF. Important support of 33000 was broken decisively. It opened with a decent decent gap at our 1st target and fell from the 1st candle. Meanwhile 10 o'clock range broke downside below 33550 and fell non stop till 32540.
After a big fall index may take a pause for a day. In case it opens gap up then chances of an inside candle is high. In case of a big gap up we will short from 33250 for the target of 33000 and 32600.
In case it opens flat then wait till today's low to be breached. If a 5 Min candle closes below 32535 then short for the target of 32340 and 32155.
Be cautious in long and focus on sell on rise.
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- 32350
Hourly Resistance- 33800
