BANKNIFTY Intraday Trade Setup For 20 Jun 2022
BANKNIFTY Intraday Trade Setup For 20 Jun 2022
Buy-Above 32900
Sl-32750
T-33100 33200 33450
Sell-Below 32480
Sl-32600
T-32300 32100 31900
BANKNIFTY took a pause on Friday and consolidated the whole day in a range. Important resistance for this week is 33800. Important support for this week is 32150.Breakdown of 32150 can lead to more fall in the coming weeks.
Coming to Monday's trade setup, if it opens flat and a 15 Min candle closes above 32900. We will long for the target of 33200 and 33450.
For selling if a 15 Min candle closes below 32500. Below its low we will short for the target of 32300. Below 32290 targets will be 32000 and below.
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.
Maintain sell on rise.
Intraday Resistance- 33200, 33450
Hourly Resistance- 33800
Buy-Above 32900
Sl-32750
T-33100 33200 33450
Sell-Below 32480
Sl-32600
T-32300 32100 31900
BANKNIFTY took a pause on Friday and consolidated the whole day in a range. Important resistance for this week is 33800. Important support for this week is 32150.Breakdown of 32150 can lead to more fall in the coming weeks.
Coming to Monday's trade setup, if it opens flat and a 15 Min candle closes above 32900. We will long for the target of 33200 and 33450.
For selling if a 15 Min candle closes below 32500. Below its low we will short for the target of 32300. Below 32290 targets will be 32000 and below.
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.
Maintain sell on rise.
Intraday Resistance- 33200, 33450
Hourly Resistance- 33800
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