BANKNIFTY Intraday Trade Setup For 26 May 2022
Buy-Above 34820
Sl-34700
T-35000 35200 35500
Sell-Below 34280
Sl-34400
T-34100 34000 33900
BANKNIFTY has closed almost flat for the 3rd consecutive day. Nor Buy and neither sell triggered today. There was only one trade i.e short from resistance- 33700. This trade was smooth and trendy. Index has been trading between 34800 and 33000 since last 20 days. Now there is another range of 34800 and 34100 since last 3 days. Basically range inside range.
Coming to tomorrow's trade setup, if index opens and a 15 Min candle closes below 34300, short for the target of 34100, 33900 and 33600. 34000 lies in between. Final target is 33360.
If a 15 Min candle closes above 34800, long above its high for the target of 35000, 35200 and 35500.
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 Support- 33350
Intraday Resistance- 34800
Hourly Support- 33000
Hourly resistance- 34800
Buy-Above 34820
Sl-34700
T-35000 35200 35500
Sell-Below 34280
Sl-34400
T-34100 34000 33900
BANKNIFTY has closed almost flat for the 3rd consecutive day. Nor Buy and neither sell triggered today. There was only one trade i.e short from resistance- 33700. This trade was smooth and trendy. Index has been trading between 34800 and 33000 since last 20 days. Now there is another range of 34800 and 34100 since last 3 days. Basically range inside range.
Coming to tomorrow's trade setup, if index opens and a 15 Min candle closes below 34300, short for the target of 34100, 33900 and 33600. 34000 lies in between. Final target is 33360.
If a 15 Min candle closes above 34800, long above its high for the target of 35000, 35200 and 35500.
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 Support- 33350
Intraday Resistance- 34800
Hourly Support- 33000
Hourly resistance- 34800
