BANKNIFTY Intraday Trade Setup For 30 May 2023
Buy-Above 44485
Sl-44380
T- 44755 45026
Sell-Below 44190
Sl-44295
T- 43965 43735
BANKNIFTY has closed with 0.67% gain today. On weekend we discussed that index is ready for another short term bullish momentum which is active now. The daily range has been broken in the upside. Today it opened with a big gap up and then after the 1st 15 Min candle index was inside 10 o'clock range. It was a sideways momentum market. Now approach will be to buy on dips as the mother trend is bullish. Keep a strict trailing in sell side whenever we get.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44485 then we will long for the target of 44755 and 45026.
For selling we need a 15 Min candle close below 44190. T- 43965 and 43735.
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 44485
Sl-44380
T- 44755 45026
Sell-Below 44190
Sl-44295
T- 43965 43735
BANKNIFTY has closed with 0.67% gain today. On weekend we discussed that index is ready for another short term bullish momentum which is active now. The daily range has been broken in the upside. Today it opened with a big gap up and then after the 1st 15 Min candle index was inside 10 o'clock range. It was a sideways momentum market. Now approach will be to buy on dips as the mother trend is bullish. Keep a strict trailing in sell side whenever we get.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 44485 then we will long for the target of 44755 and 45026.
For selling we need a 15 Min candle close below 44190. T- 43965 and 43735.
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.
