BANKNIFTY Intraday Trade Setup For 1 Jul 2024
BANKNIFTY Intraday Trade Setup For 1 Jul 2024
Bullish-Above 52750
Invalid-Below 52640
T- 53250
Bearish-Below 52240
Invalid-Above 52350
T- 51645
BANKNIFTY has closed on a bullish note with 1.32% gain last week. In the last two days out of 5 sessions it turned slight bearish or can call this a profit booking. Also I alerted 27 Jun EOD that there is a possibility of reversal in case it trades below 52600. It got triggered and now this downside move will be neglected only when it make a bullish price structure in 15 Min TF. 52750 and 52240 will be trigger levels for tomorrow's session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 52750 then we will long for the target of 53250.
For selling we need a 15 Min candle close below 52240. T- 51645.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Bullish-Above 52750
Invalid-Below 52640
T- 53250
Bearish-Below 52240
Invalid-Above 52350
T- 51645
BANKNIFTY has closed on a bullish note with 1.32% gain last week. In the last two days out of 5 sessions it turned slight bearish or can call this a profit booking. Also I alerted 27 Jun EOD that there is a possibility of reversal in case it trades below 52600. It got triggered and now this downside move will be neglected only when it make a bullish price structure in 15 Min TF. 52750 and 52240 will be trigger levels for tomorrow's session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 52750 then we will long for the target of 53250.
For selling we need a 15 Min candle close below 52240. T- 51645.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
==========
I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.