BANKNIFTY Intraday Trade Setup For 21 Jul 2023
Buy-Above 46260
Sl-46150
T- 46530 46852
Sell-Below 45980
Sl-46090
T- 45750 45510
BANKNIFTY has closed on a super bullish note with more than 1% gain today. It opened flat and then buy triggered as per trade setup. Trade hit both our targets very smoothly (45710-46250+). After buy was triggered it hovered near cost 12 PM. Post that a trendy move came. On 17 July it was updated that 44500 region is a CIP support zone in daily TF. Above the Pin bar candle's high formed on 14 July we expected good upside move. It has given about 1300 points rally after that against 400 points risk.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46260 then we will long for the target of 46530 and 46852.
For selling we need a 15 min candle close below 45980. T- 45750 and 45510.
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 46260
Sl-46150
T- 46530 46852
Sell-Below 45980
Sl-46090
T- 45750 45510
BANKNIFTY has closed on a super bullish note with more than 1% gain today. It opened flat and then buy triggered as per trade setup. Trade hit both our targets very smoothly (45710-46250+). After buy was triggered it hovered near cost 12 PM. Post that a trendy move came. On 17 July it was updated that 44500 region is a CIP support zone in daily TF. Above the Pin bar candle's high formed on 14 July we expected good upside move. It has given about 1300 points rally after that against 400 points risk.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 46260 then we will long for the target of 46530 and 46852.
For selling we need a 15 min candle close below 45980. T- 45750 and 45510.
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.
