BANKNIFTY Intraday Trade Setup For 07 Jul 2023
BANKNIFTY Intraday Trade Setup For 07 Jul 2023
Buy-Above 45420
Sl-45310
T- 45655 45859
Sell-Below 45190
Sl- 45300
T- 44965 44747
BANKNIFTY has closed on a bullish note with 0.42% gain today. It was bullish since opening price. However there was premium eating in the second half. Buy triggered above 45275 and it gave small gain of 140+ points just like yesterday. It has formed a saucer pattern in 15 Min TF which is a bullish sign. Above 45420 we can expect good upside momentum. Incase 45190 is breached then this will be invalid and there will be bearish action.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 45420 then we will long for the target of 45655 and 45859.
For selling we need a 15 min candle close below 45190. T- 44965 and 44747.
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 45420
Sl-45310
T- 45655 45859
Sell-Below 45190
Sl- 45300
T- 44965 44747
BANKNIFTY has closed on a bullish note with 0.42% gain today. It was bullish since opening price. However there was premium eating in the second half. Buy triggered above 45275 and it gave small gain of 140+ points just like yesterday. It has formed a saucer pattern in 15 Min TF which is a bullish sign. Above 45420 we can expect good upside momentum. Incase 45190 is breached then this will be invalid and there will be bearish action.
Coming to Friday's trade setup, if index opens flat and a 15 min candle closes above 45420 then we will long for the target of 45655 and 45859.
For selling we need a 15 min candle close below 45190. T- 44965 and 44747.
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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