BANKNIFTY Intraday Trade Setup For 28 Jun 2022
Buy-Above 33980
Sl-33880
T-34125 34350
Sell-Below 33735
Sl-33835
T-33600 33450
BANKNIFTY opened with a a big gap up today. It opened near our buy target and PRZ- 34155. As usual we witnessed fall from PRZ (approximately 250 points). 10 o'clock range broke downside and gave a messy 100 points move.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below our sell level-33735. We will short for the target of 33600 and 33450.
For buying we need a 15 Min candle close above our 33980. We will long above the level for the target of 34125. Above 34150 next move can be seen 34350.
If it opens gap down and the the 1st 5 min candle is a bullish pin bar/ hammer then above its high we will long.
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 Resistance- 34365
Intraday Support- 33400
Buy-Above 33980
Sl-33880
T-34125 34350
Sell-Below 33735
Sl-33835
T-33600 33450
BANKNIFTY opened with a a big gap up today. It opened near our buy target and PRZ- 34155. As usual we witnessed fall from PRZ (approximately 250 points). 10 o'clock range broke downside and gave a messy 100 points move.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below our sell level-33735. We will short for the target of 33600 and 33450.
For buying we need a 15 Min candle close above our 33980. We will long above the level for the target of 34125. Above 34150 next move can be seen 34350.
If it opens gap down and the the 1st 5 min candle is a bullish pin bar/ hammer then above its high we will long.
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 Resistance- 34365
Intraday Support- 33400
