BANKNIFTY Intraday Trade Setup For 31 May 2022
Buy-Above 36100
Sl-36000
T-36300 36500 36700
Sell-Below 35745
Sl-35900
T-35550 35400 35200
BANKNIFTY closed near day low with 200 points gain. As we expected that a pullback can be seen from 36000 levels, so has happened. It opened with a big gap up and from 36000 it fell till 35750. This was a good trade, more confirmation came after 10 o'clock range broke downside below 35920.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 35750. Short below its low for the target of 35550, 35400 and 35200.
For buying one should wait till today's high is crossed and sustained, a 15 Min candle close above 36085.Above the breakout candle's high long for the target of 36300, 36500 and 36700.
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 Support- 35400
Intraday Resistance- 36500
Hourly Support- 34700-800
Hourly resistance- 36700
Buy-Above 36100
Sl-36000
T-36300 36500 36700
Sell-Below 35745
Sl-35900
T-35550 35400 35200
BANKNIFTY closed near day low with 200 points gain. As we expected that a pullback can be seen from 36000 levels, so has happened. It opened with a big gap up and from 36000 it fell till 35750. This was a good trade, more confirmation came after 10 o'clock range broke downside below 35920.
Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 35750. Short below its low for the target of 35550, 35400 and 35200.
For buying one should wait till today's high is crossed and sustained, a 15 Min candle close above 36085.Above the breakout candle's high long for the target of 36300, 36500 and 36700.
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 Support- 35400
Intraday Resistance- 36500
Hourly Support- 34700-800
Hourly resistance- 36700
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.