BANKNIFTY Intraday Trade Setup For 21 Jun 2022
Buy-Above 32900
Sl-32800
T-33200 33450
Sell-Below 32500
Sl-32600
T-32300 32100
BANKNIFTY once again consolidated between previous day's trading range. Our levels were tested but trades were not executed as 15 Min candle did not closes above and below our buy and sell level respectively. After a big move index is likely to consolidate as it is happening.
Coming to tomorrow's trade setup, we will long if a 15 Min candle closes above 32900. Targets will be 33200 and 33450. Book max at 33450, PRZ placed.
For selling safe traders wait till 32290 is broken in the downside. While one small trade can be done if a 15 Min candle closes below 32500. Target will be 32300. Below 32290 fresh move till 32100 and 31900 is expected.
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- 33450
Hourly Resistance- 33800
Buy-Above 32900
Sl-32800
T-33200 33450
Sell-Below 32500
Sl-32600
T-32300 32100
BANKNIFTY once again consolidated between previous day's trading range. Our levels were tested but trades were not executed as 15 Min candle did not closes above and below our buy and sell level respectively. After a big move index is likely to consolidate as it is happening.
Coming to tomorrow's trade setup, we will long if a 15 Min candle closes above 32900. Targets will be 33200 and 33450. Book max at 33450, PRZ placed.
For selling safe traders wait till 32290 is broken in the downside. While one small trade can be done if a 15 Min candle closes below 32500. Target will be 32300. Below 32290 fresh move till 32100 and 31900 is expected.
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- 33450
Hourly Resistance- 33800
