BANKNIFTY Intraday Trade Setup For 10 Jul 2023
Buy- Above 45090
Sl-44980
T- 45352 45655
Sell- Below 44840
Sl- 44950
T- 44605 44357
BANKNIFTY has closed on a bearish note on Friday with almost 1% cut. On 4th Jul it was updated that the range breakout's first target is hit which was triggered above 44500. Trade gave around 1100 points move. Now it has closed below PDL in daily TF which is a sign of weakness. Below Friday's low it can create more bearishness. However we want a structure in daily TF for a confirmed short. Next bullish momentum above 45700.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45090 then we will long. T- 45352 and 45655.
For selling we need a 15 Min candle close below 44840. T- 44605 and 44357.
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 45090
Sl-44980
T- 45352 45655
Sell- Below 44840
Sl- 44950
T- 44605 44357
BANKNIFTY has closed on a bearish note on Friday with almost 1% cut. On 4th Jul it was updated that the range breakout's first target is hit which was triggered above 44500. Trade gave around 1100 points move. Now it has closed below PDL in daily TF which is a sign of weakness. Below Friday's low it can create more bearishness. However we want a structure in daily TF for a confirmed short. Next bullish momentum above 45700.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 45090 then we will long. T- 45352 and 45655.
For selling we need a 15 Min candle close below 44840. T- 44605 and 44357.
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.
