BANKNIFTY Intraday Trade Setup For 02 Aug 2023
Bullish-Above 45640
Invalid-Below 45530
T- 45905 46135
Bearish-Below 45470
Invalid-Above 45580
T- 45240 44950
BANKNIFTY has closed with a minor cut of 0.13% today. Buy triggered as per trade setup which hit sl. However 10 o'clock range broke before that and this gave 180+ points gain if considered. Since last 3 sessions index is in contraction mode. We have a tight range for tomorrow's session also. 45640 and 45470 are important levels for tomorrow's session. High probability trade looks in sell side if triggers.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 45640 then we will long for the target of 45905 and 46135.
For selling we need a 15 min candle close below 45470. T- 45240 and 44950.
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.
Bullish-Above 45640
Invalid-Below 45530
T- 45905 46135
Bearish-Below 45470
Invalid-Above 45580
T- 45240 44950
BANKNIFTY has closed with a minor cut of 0.13% today. Buy triggered as per trade setup which hit sl. However 10 o'clock range broke before that and this gave 180+ points gain if considered. Since last 3 sessions index is in contraction mode. We have a tight range for tomorrow's session also. 45640 and 45470 are important levels for tomorrow's session. High probability trade looks in sell side if triggers.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 45640 then we will long for the target of 45905 and 46135.
For selling we need a 15 min candle close below 45470. T- 45240 and 44950.
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.
