BANKNIFTY Intraday Trade Setup For 09 Jun 2023
Sell_1- Below 43910
Sl-44015
T- 43700 43515
Sell_2- From 44255
Sl-44360
T- 43950 43700
BANKNIFTY has closed on a bearish note with 0.63% cut today. Buy triggered as per trade setup above 44350. But it was mentioned last day that if we sustain above 44300 then we can have bullish momentum. It gave a move till 44459 which was more than 150 points gain. Later it slipped below 10 o'clock range and gave one way move which was more than 250 points. Now it is at the hourly trendline support (rising wedge). Below today's low there will be breakdown , we have to follow hourly TF for this.
Coming to Friday's trade setup, if index opens flat and or below 44255 then this zone (44255) is tested in the 1st hour then we will short from there. T- 43950 and 43700.
2nd sell is below 43910 on a 15 Min candle close. T- 43700 and 43515.
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.
Sell_1- Below 43910
Sl-44015
T- 43700 43515
Sell_2- From 44255
Sl-44360
T- 43950 43700
BANKNIFTY has closed on a bearish note with 0.63% cut today. Buy triggered as per trade setup above 44350. But it was mentioned last day that if we sustain above 44300 then we can have bullish momentum. It gave a move till 44459 which was more than 150 points gain. Later it slipped below 10 o'clock range and gave one way move which was more than 250 points. Now it is at the hourly trendline support (rising wedge). Below today's low there will be breakdown , we have to follow hourly TF for this.
Coming to Friday's trade setup, if index opens flat and or below 44255 then this zone (44255) is tested in the 1st hour then we will short from there. T- 43950 and 43700.
2nd sell is below 43910 on a 15 Min candle close. T- 43700 and 43515.
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.
