BANKNIFTY Intraday Trade Setup For 9 Jun 2022
BANKNIFTY Intraday Trade Setup For 9 Jun 2022
Sell_1-From 35200-50
Sl-35350
T-35000 34850
Sell_2- Below 34830
Sl-34950
T-34700 34500
BANKNIFTY has closed almost flat today. It was V shape market today, showed all kinds of violent moves in intraday, triggered by the RBI event today. Already updated in the morning to avoid taking any trades as per pre analysis. Tomorrow is weekly expiry. Chances of an inside candle is high if today's low is not tested in the 1st 45 Min.
Coming to tomorrow's trade setup, if 35200 is tested in the 1st 45 Min, we will sell for the target of 35000.
Second sell position will be created if a 5 Min candle closes below 34830. Target will be 34700 and 34500. Book max near 34500, PRZ placed. This will be best in case of a flat opening.
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- 34800
Intraday Resistance- 35200
Hourly Support- 34500,34300
Hourly Resistance- 35500, 36000
Sell_1-From 35200-50
Sl-35350
T-35000 34850
Sell_2- Below 34830
Sl-34950
T-34700 34500
BANKNIFTY has closed almost flat today. It was V shape market today, showed all kinds of violent moves in intraday, triggered by the RBI event today. Already updated in the morning to avoid taking any trades as per pre analysis. Tomorrow is weekly expiry. Chances of an inside candle is high if today's low is not tested in the 1st 45 Min.
Coming to tomorrow's trade setup, if 35200 is tested in the 1st 45 Min, we will sell for the target of 35000.
Second sell position will be created if a 5 Min candle closes below 34830. Target will be 34700 and 34500. Book max near 34500, PRZ placed. This will be best in case of a flat opening.
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- 34800
Intraday Resistance- 35200
Hourly Support- 34500,34300
Hourly Resistance- 35500, 36000
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