BANKNIFTY Intraday Trade Setup For 2 Jul 2024
Bullish-Above 52700
Invalid-Below 52590
T- 53250
Bearish-Below 52150
Invalid-Above 52260
T- 51645
BANKNIFTY has closed on a bullish note with 0.44% gain today. Mothing triggered as per trade setup, traded between buy and sell levels. After 12 PM index went in a tight range. Since we have closed near day high and the previous swing high in 15 Min TF is closer so if we get a pullback breakout of 52700 then we will long for the target of 53250+. Bears will grip the market below 52150.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 52700 then we will long for the target of 53250.
For selling we need a 15 Min candle close below 52150. T- 51645.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bullish-Above 52700
Invalid-Below 52590
T- 53250
Bearish-Below 52150
Invalid-Above 52260
T- 51645
BANKNIFTY has closed on a bullish note with 0.44% gain today. Mothing triggered as per trade setup, traded between buy and sell levels. After 12 PM index went in a tight range. Since we have closed near day high and the previous swing high in 15 Min TF is closer so if we get a pullback breakout of 52700 then we will long for the target of 53250+. Bears will grip the market below 52150.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 52700 then we will long for the target of 53250.
For selling we need a 15 Min candle close below 52150. T- 51645.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
