BANKNIFTY Intraday Trade Setup For 14 Jun 2022
BANKNIFTY Intraday Trade Setup For 14 Jun 2022
Buy-Above 33775
Sl-33700
T-34050 34250
Sell-Below 33200
Sl-33300
T-33000 32800
BANKNIFTY opened with a huge gap down today, the 10 o'clock range broke downside and gave a small downside move then whole day it consolidated between 33400 and 33200.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 33210, we will short for the target of 33000, 32800 and 32600.
In case it opens gap up but below today's high, then we can short from 33700 for the target of 33400 and below. In case we open below 33550, then we can short from 33560 also.
We will long only if it opens above today's high 33775. we need a 5 Min candle close above 37775 to long for the target of 34050 and 34250.
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.
Intraday Support- 33000
Intraday Resistance- 33700
Hourly Support- 32150
Hourly Resistance- 34500
Buy-Above 33775
Sl-33700
T-34050 34250
Sell-Below 33200
Sl-33300
T-33000 32800
BANKNIFTY opened with a huge gap down today, the 10 o'clock range broke downside and gave a small downside move then whole day it consolidated between 33400 and 33200.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 33210, we will short for the target of 33000, 32800 and 32600.
In case it opens gap up but below today's high, then we can short from 33700 for the target of 33400 and below. In case we open below 33550, then we can short from 33560 also.
We will long only if it opens above today's high 33775. we need a 5 Min candle close above 37775 to long for the target of 34050 and 34250.
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.
Intraday Support- 33000
Intraday Resistance- 33700
Hourly Support- 32150
Hourly Resistance- 34500
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