BANKNIFTY Intraday Trade Setup For 04 Jul 2023
Buy-Above 45355
Sl-45245
T- 45665 45928
Sell-Below 45040
Sl-45150
T- 44747 44447
BANKNIFTY has closed on a bullish note with almost 1% gain today. After the daily range breakout above 44500 it is giving non-stop momentum. We will keep on riding this swing position till our TSL is hit. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Today it opened with a decent gap up above our buy level and both targets were achieved as per trade setup. Nothing triggered as per 10 o'clock range breakout.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45355 then we will long for the target of 45665 and 45928.
For selling we need a 15 min candle close below 45040. T- 44747 and 44447.
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 45355
Sl-45245
T- 45665 45928
Sell-Below 45040
Sl-45150
T- 44747 44447
BANKNIFTY has closed on a bullish note with almost 1% gain today. After the daily range breakout above 44500 it is giving non-stop momentum. We will keep on riding this swing position till our TSL is hit. If a daily candle closes below PDL and that red candle's low is breached then we will exit. Today it opened with a decent gap up above our buy level and both targets were achieved as per trade setup. Nothing triggered as per 10 o'clock range breakout.
Coming to Tuesday's trade setup, if index opens flat and a 15 Min candle closes above 45355 then we will long for the target of 45665 and 45928.
For selling we need a 15 min candle close below 45040. T- 44747 and 44447.
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.
