BANKNIFTY Intraday Trade Setup For 29 Jun 2022
Buy-Above 33750
Sl-33650
T-33890 34000
Sell-Below 33500
Sl-33600
T-33290 33110
BANKNIFTY has closed with 0.5% cut today. It has formed and range and traded within. Next move will come above and below today's high and low respectively. Last day we planned to sell below 33735. Gave a a good down move of more than 200 points from there.
Coming to tomorrow's trade setup, if index opens flat then we will buy above 33750 for the target of 33890 and 34000. Book max at 34000, PRZ placed. This trade will be best on flat opening or a slight gap up but not more than 150 points.
For selling if index opens flat and 33500 is closed in 5 Min TF. we will sell for the target of 33290 and 33110.
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- 34000
Intraday Support- 33100
Buy-Above 33750
Sl-33650
T-33890 34000
Sell-Below 33500
Sl-33600
T-33290 33110
BANKNIFTY has closed with 0.5% cut today. It has formed and range and traded within. Next move will come above and below today's high and low respectively. Last day we planned to sell below 33735. Gave a a good down move of more than 200 points from there.
Coming to tomorrow's trade setup, if index opens flat then we will buy above 33750 for the target of 33890 and 34000. Book max at 34000, PRZ placed. This trade will be best on flat opening or a slight gap up but not more than 150 points.
For selling if index opens flat and 33500 is closed in 5 Min TF. we will sell for the target of 33290 and 33110.
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- 34000
Intraday Support- 33100
