BANKNIFTY Intraday Trade Setup For 19 Jun 2024
Bullish-Above 50600
Invalid-Below 50490
T- 51160-200
Bearish-Below 50120
Invalid-Above 50230
T- 49650
BANKNIFTY has closed on a bullish note with 0.88% gain today. After couple of days it broke narrow hourly range in the upside. Buy triggered as per trade setup above 50260 and gave a move till 50560, good intraday gain. Tomorrow once again we may a good upside move if index opens below 50560 and then breaks 50600, after a pullback before breakout. 50120 will be an intra support.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 50600 then we will long for the target of 51160.
For selling we need a 15 Min candle close below 50120. T- 49650.
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.
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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 50600
Invalid-Below 50490
T- 51160-200
Bearish-Below 50120
Invalid-Above 50230
T- 49650
BANKNIFTY has closed on a bullish note with 0.88% gain today. After couple of days it broke narrow hourly range in the upside. Buy triggered as per trade setup above 50260 and gave a move till 50560, good intraday gain. Tomorrow once again we may a good upside move if index opens below 50560 and then breaks 50600, after a pullback before breakout. 50120 will be an intra support.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 50600 then we will long for the target of 51160.
For selling we need a 15 Min candle close below 50120. T- 49650.
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.
