BANKNIFTY Intraday Trade Setup For 7 Jun 2022
Buy-Above 35425
Sl-35300
T-35600 35750
Sell-Below 35240
Sl-35350
T- 35100 34950
BANKNIFTY has closed almost flat and formed an doji candle in daily TF. Next move will be triggered above and below of the high and low of the doji candle. We planned to sell below 35200 on the last day. It gave more than 100 points move and then headed towards day high.
Coming to tomorrow's trade setup, If index opens flat and crosses today's high we will long for the target of 35600. Book max here, PRZ placed. Extended target can be 35750.
If a 15 Min candle closes below 35240, short for the target of 35100. Below 35070 extended target will be 34950 and 34850.
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- 34950
Intraday Resistance- 35600
Hourly Support- 34500
Hourly Resistance- 36000
Buy-Above 35425
Sl-35300
T-35600 35750
Sell-Below 35240
Sl-35350
T- 35100 34950
BANKNIFTY has closed almost flat and formed an doji candle in daily TF. Next move will be triggered above and below of the high and low of the doji candle. We planned to sell below 35200 on the last day. It gave more than 100 points move and then headed towards day high.
Coming to tomorrow's trade setup, If index opens flat and crosses today's high we will long for the target of 35600. Book max here, PRZ placed. Extended target can be 35750.
If a 15 Min candle closes below 35240, short for the target of 35100. Below 35070 extended target will be 34950 and 34850.
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- 34950
Intraday Resistance- 35600
Hourly Support- 34500
Hourly Resistance- 36000
