BANKNIFTY Intraday Trade Setup For 30 Jun 2023
BANKNIFTY Intraday Trade Setup For 30 Jun 2023
Buy-Above 44510
Sl-44400
T- 44716 44932
Sell-Below 44240
Sl-44350
T- 43995 43778
BANKNIFTY has closed on a bullish note last day with 0.47% gain. On 26 Jun EOD we planned our trade as per the symmetrical triangle breakout. Breakout happened in the upside and buy triggered above 43690 and index just exploded for a fresh ATH (43690-44500+). Last week we marked 44500 and 43340 (43400) as the daily range. We are likely to breakout above 44510 for a fresh rally. No aggressive selling till we break 43340 (43400). Last day buy triggered above 44195 and hit our 1st target 44500. 44510 and 44240 are important levels for tomorrow.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44510 then we will long for the target of 44716 and 44932.
For selling we need a 15 Min candle close below 44240. T- 43995 and 43778.
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 44510
Sl-44400
T- 44716 44932
Sell-Below 44240
Sl-44350
T- 43995 43778
BANKNIFTY has closed on a bullish note last day with 0.47% gain. On 26 Jun EOD we planned our trade as per the symmetrical triangle breakout. Breakout happened in the upside and buy triggered above 43690 and index just exploded for a fresh ATH (43690-44500+). Last week we marked 44500 and 43340 (43400) as the daily range. We are likely to breakout above 44510 for a fresh rally. No aggressive selling till we break 43340 (43400). Last day buy triggered above 44195 and hit our 1st target 44500. 44510 and 44240 are important levels for tomorrow.
Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 44510 then we will long for the target of 44716 and 44932.
For selling we need a 15 Min candle close below 44240. T- 43995 and 43778.
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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