BANKNIFTY Intraday Trade Setup For 24 May 2023
Buy-Above 44100
Sl-43995
T- 44305 44555
Sell-Below 43850
Sl-43955
T- 43670 43480
BAKNIFTY has closed with a slight gain 0.16% gain today. It was complete sideways market, except the last 45 Min small downside move. Buy triggered as per trade setup but it just consolidated at buying price almost the whole day which eventually hit sl post 3PM. BANKNIFTY is consolidating tightly in daily and hourly TF. Hourly major swing are 44160 and 43440. Breakout of this range will give us the next trendy move. Above 44100 we can expect good upside momentum.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44100 then we will long for the target of 44305 and 44555.
For selling we need a 15 Min candle close below 43850. T- 43670 and 43480.
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 44100
Sl-43995
T- 44305 44555
Sell-Below 43850
Sl-43955
T- 43670 43480
BAKNIFTY has closed with a slight gain 0.16% gain today. It was complete sideways market, except the last 45 Min small downside move. Buy triggered as per trade setup but it just consolidated at buying price almost the whole day which eventually hit sl post 3PM. BANKNIFTY is consolidating tightly in daily and hourly TF. Hourly major swing are 44160 and 43440. Breakout of this range will give us the next trendy move. Above 44100 we can expect good upside momentum.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44100 then we will long for the target of 44305 and 44555.
For selling we need a 15 Min candle close below 43850. T- 43670 and 43480.
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.
