BANKNIFTY Intraday Trade Setup For 21 Jun 2023
BANKNIFTY Intraday Trade Setup For 21 Jun 2023
Buy-Above 43825
Sl- 43720
T- 44100 44315
Sell-Below 43560
Sl-43665
T- 43330 43075
BANKNIFTY has closed on a bullish note with 0.3% gain today. It opened flat and sell triggered below 43500 and almost hit our 1st target . Trade gave more than 150 points gain. Later it gave a reversal above 43480 , ended with a bullish sentiment by closing at day high. Today hourly range low - 43390 was tested but none hourly candle closed below that. Now fresh level is 43340. Breakdown of this will give us the next round of selling. 43825 and 43560 are the important levels for tomorrow's session.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 43825 then we will long for the target of 44100 and 44315.
For selling we need a 15 Min candle close below 43560. T- 43330 and 43075.
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 43825
Sl- 43720
T- 44100 44315
Sell-Below 43560
Sl-43665
T- 43330 43075
BANKNIFTY has closed on a bullish note with 0.3% gain today. It opened flat and sell triggered below 43500 and almost hit our 1st target . Trade gave more than 150 points gain. Later it gave a reversal above 43480 , ended with a bullish sentiment by closing at day high. Today hourly range low - 43390 was tested but none hourly candle closed below that. Now fresh level is 43340. Breakdown of this will give us the next round of selling. 43825 and 43560 are the important levels for tomorrow's session.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 43825 then we will long for the target of 44100 and 44315.
For selling we need a 15 Min candle close below 43560. T- 43330 and 43075.
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.
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