BANKNIFTY Intraday Trade Setup For 27 Jun 2023
Buy-Above 43690
Sl-43580
T- 43910 44100
Sell-Below 43540
Sl-43650
T- 43300 43077
BANKNIFTY has closed on a complete flat note today. It traded inside previous day's range the whole day. Nothing triggered as per trade setup today. There was a trend till 10:30 which was 200 points in length, then after it was complete sideways between 43690 and 43540. This was a very narrow range, less than 150 points. We will simply use this range to build our trade tomorrow. VIX is ultra low. Breakout of the daily range will kick in momentum in intraday.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43690 then we will long for the target of 43910 and 44100.
For selling we need a 15 min candle close below 43540. T- 43300 and 43077.
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 43690
Sl-43580
T- 43910 44100
Sell-Below 43540
Sl-43650
T- 43300 43077
BANKNIFTY has closed on a complete flat note today. It traded inside previous day's range the whole day. Nothing triggered as per trade setup today. There was a trend till 10:30 which was 200 points in length, then after it was complete sideways between 43690 and 43540. This was a very narrow range, less than 150 points. We will simply use this range to build our trade tomorrow. VIX is ultra low. Breakout of the daily range will kick in momentum in intraday.
Coming to Tuesday's trade setup, if index opens flat and a 15 min candle closes above 43690 then we will long for the target of 43910 and 44100.
For selling we need a 15 min candle close below 43540. T- 43300 and 43077.
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.
