BANKNIFTY Intraday Trade Setup For 26 Jun 2024
Bullish-Above 52000
Invalid-Below 51890
T- 52550
Bearish-Below 51100
Invalid-Above 51210
T- 50570
BANKNIFTY jas closed on a flat note making it close inside 52k and 51100 range once again. Since last 3 sessions index has been trading inside this 900 points range. It opened with a gap down and 10 o'clock range was to be used as per trade setup, range broke upside above 51400 and gave a very good move till 51780. Tomorrow we will trade the discussed 900 points range breakout, keep non directional approach if not.
Coming to Tuesday's trade setup, if index opens flat and a 5 Min candle closes above 52k then we will long for the target of 52550.
For selling we need a 15 Min candle close below 51100. T- 50570.
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.
Bullish-Above 52000
Invalid-Below 51890
T- 52550
Bearish-Below 51100
Invalid-Above 51210
T- 50570
BANKNIFTY jas closed on a flat note making it close inside 52k and 51100 range once again. Since last 3 sessions index has been trading inside this 900 points range. It opened with a gap down and 10 o'clock range was to be used as per trade setup, range broke upside above 51400 and gave a very good move till 51780. Tomorrow we will trade the discussed 900 points range breakout, keep non directional approach if not.
Coming to Tuesday's trade setup, if index opens flat and a 5 Min candle closes above 52k then we will long for the target of 52550.
For selling we need a 15 Min candle close below 51100. T- 50570.
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.
