BANKNIFTY Intraday Trade Setup For 22 Jul 2022
Buy-Above 36335
Sl-36225
T-36450 36600 36760
Sell-Below 36050
Sl-36150
T-35900 35700 35600
BANKNIFTY has closed on a positive sentiment with more than 0.6% gain. Last day we planned to buy above 36185, it triggered on 11:20(5 Min TF) and hit our 1st target very smoothly. This trade gave a move from 36185 to 36330. As per 15 Min 36330 was a PRZ area and it crashed from there till 36070.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 36335, we will long for the target of 36450 and 36600. Book max at 36600, PRZ placed.
Index has tested 36060 multiple times. If this broken we will head towards 35900 and below 35870 we will fill the gap and test 35700. We need a 5 min candle closes below 36055.
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.
Buy-Above 36335
Sl-36225
T-36450 36600 36760
Sell-Below 36050
Sl-36150
T-35900 35700 35600
BANKNIFTY has closed on a positive sentiment with more than 0.6% gain. Last day we planned to buy above 36185, it triggered on 11:20(5 Min TF) and hit our 1st target very smoothly. This trade gave a move from 36185 to 36330. As per 15 Min 36330 was a PRZ area and it crashed from there till 36070.
Coming to tomorrow's trade setup, if index opens flat and a 5 Min candle closes above 36335, we will long for the target of 36450 and 36600. Book max at 36600, PRZ placed.
Index has tested 36060 multiple times. If this broken we will head towards 35900 and below 35870 we will fill the gap and test 35700. We need a 5 min candle closes below 36055.
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.
