BANKNIFTY Intraday Trade Setup For 22 Jun 2022
Buy-Above 33600
Sl-33500
T-33800 34000
Sell-Below 33100
Sl-33200
T-32900 32675
BANKNIFTY has closed in a positive sentiment today. As we planned to buy above 32900 in the expectation of a good upside short covering move so has happened. Our final target of 33590 was hit. Then a fall from PRZ-33590 was seen the 2nd half.
Coming to tomorrow's trade setup, we will long only if a 15 Min candle closes above 33600. Targets will be 33800 and 34050.
For selling if index flat and a 15 Min candle closes below 33100, we will short for the target of 32900 and 32675.
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- 33800
Hourly Resistance- 34500
Buy-Above 33600
Sl-33500
T-33800 34000
Sell-Below 33100
Sl-33200
T-32900 32675
BANKNIFTY has closed in a positive sentiment today. As we planned to buy above 32900 in the expectation of a good upside short covering move so has happened. Our final target of 33590 was hit. Then a fall from PRZ-33590 was seen the 2nd half.
Coming to tomorrow's trade setup, we will long only if a 15 Min candle closes above 33600. Targets will be 33800 and 34050.
For selling if index flat and a 15 Min candle closes below 33100, we will short for the target of 32900 and 32675.
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- 33800
Hourly Resistance- 34500
