BANKNIFTY Intraday Trade Setup For 13 Jun 2023
Buy-Above 44005
Sl-43900
T- 44155 44337
Sell-Below 43870
Sl-43975
T- 43690 43490
BANKNIFTY has closed closed almost on a flat note with 0.10% cut today. It consolidated the whole day today in a very narrow range. It was a total sideways and momentum less market. This is due to ultra low VIX environment. Swing have become ultra short length due to this. Below 43870 we can expect good downside move tomorrow. Also in hourly TF is to sustain below that. Above 44005 if sustained we can get very good move in the upside. But keep tight trailing.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44005 then we will long for the target of 44155 and 44337.
For selling we need a 15 min candle close below 43870. T- 43690 and 43490.
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 44005
Sl-43900
T- 44155 44337
Sell-Below 43870
Sl-43975
T- 43690 43490
BANKNIFTY has closed closed almost on a flat note with 0.10% cut today. It consolidated the whole day today in a very narrow range. It was a total sideways and momentum less market. This is due to ultra low VIX environment. Swing have become ultra short length due to this. Below 43870 we can expect good downside move tomorrow. Also in hourly TF is to sustain below that. Above 44005 if sustained we can get very good move in the upside. But keep tight trailing.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44005 then we will long for the target of 44155 and 44337.
For selling we need a 15 min candle close below 43870. T- 43690 and 43490.
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.
