BANKNIFTY Intraday Trade Setup For 07 Jun 2023
Buy-Above 44240
Sl-44135
T- 44380 44522
Sell-Below 44000
Sl- 44105
T- 43840 43680
BANKNIFTY has closed with a slight gain of 0.14%, closing is in flat zone. Overall it was another sideways day. It has been updated multiple times that we are inside the broader daily and hour range. Also it has been updated that we are inside the rising wedge pattern in hourly TF. Till the time we are inside this range, we will have sideways sessions. Also the VIX has became ultra low so till it starts to rise we will have short length moves in intraday. We will plan tomorrow's trade above and below today's high and low.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 44240 then we will long for the target of 44380 and 44522.
For selling we need a 15 Min candle close below 44000. T- 43840 and 43680.
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 44240
Sl-44135
T- 44380 44522
Sell-Below 44000
Sl- 44105
T- 43840 43680
BANKNIFTY has closed with a slight gain of 0.14%, closing is in flat zone. Overall it was another sideways day. It has been updated multiple times that we are inside the broader daily and hour range. Also it has been updated that we are inside the rising wedge pattern in hourly TF. Till the time we are inside this range, we will have sideways sessions. Also the VIX has became ultra low so till it starts to rise we will have short length moves in intraday. We will plan tomorrow's trade above and below today's high and low.
Coming to Wednesday's trade setup, if index opens flat and a 15 min candle closes above 44240 then we will long for the target of 44380 and 44522.
For selling we need a 15 Min candle close below 44000. T- 43840 and 43680.
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.
