BANKNIFTY Intraday Trade Setup For 3 Jun 2022
Buy-Above 35800
Sl-35700
T-36000 36300
Sell-Below 35435
Sl-35550
T-35300 35100
BANKNIFTY has formed an inside candle in daily TF. Yesterday also it was a consolidation day. It was an option seller's expiry. No trades got triggered as per last day trade setup. It just traded inside the 1st 45 Min trading range. Since few weeks it is all about ranges in both the indices. Now the range is 35800 and 35280.
Coming to tomorrow's trade setup, if a 15 Min candle closes above 35770. Above its high we will long for the target of 36000. Above 36100 it will head towards 36300.
For selling a small scalp trade can be done below 35440 if a 5 Min candle closes. Initial target will be near 35300. Below 35280 we will get a fresh move till 35050.
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- 35285-300
Intraday Resistance- 35800
Hourly Support- 34800
Hourly Resistance- 34100
Buy-Above 35800
Sl-35700
T-36000 36300
Sell-Below 35435
Sl-35550
T-35300 35100
BANKNIFTY has formed an inside candle in daily TF. Yesterday also it was a consolidation day. It was an option seller's expiry. No trades got triggered as per last day trade setup. It just traded inside the 1st 45 Min trading range. Since few weeks it is all about ranges in both the indices. Now the range is 35800 and 35280.
Coming to tomorrow's trade setup, if a 15 Min candle closes above 35770. Above its high we will long for the target of 36000. Above 36100 it will head towards 36300.
For selling a small scalp trade can be done below 35440 if a 5 Min candle closes. Initial target will be near 35300. Below 35280 we will get a fresh move till 35050.
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- 35285-300
Intraday Resistance- 35800
Hourly Support- 34800
Hourly Resistance- 34100
