BANKNIFTY Intraday Trade Setup For 4 Jul 2022
Buy-Above 33670
Sl-33570
T-33870 34020 34150
Sell-Below 33300
Sl-33400
T-33100 32900
BANKNIFTY has closed in a positive sentiment on Friday. Closing was at day high. This bullishness will continue above 33670. Whereas in weekly candle, close is almost flat. A bullish price action will be established above 34150 once it is sustained in daily TF.
Coming to Monday's trades setup, if index opens flat and crosses Friday's high- 33670 we will long for the target of 33900,34000 and 34150.
For selling we need a 15 Min candle close below 33300. Target will be near PDL 33100. Below that it will head towards 32900.
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- 33300
Intraday Resistance- 34000
Buy-Above 33670
Sl-33570
T-33870 34020 34150
Sell-Below 33300
Sl-33400
T-33100 32900
BANKNIFTY has closed in a positive sentiment on Friday. Closing was at day high. This bullishness will continue above 33670. Whereas in weekly candle, close is almost flat. A bullish price action will be established above 34150 once it is sustained in daily TF.
Coming to Monday's trades setup, if index opens flat and crosses Friday's high- 33670 we will long for the target of 33900,34000 and 34150.
For selling we need a 15 Min candle close below 33300. Target will be near PDL 33100. Below that it will head towards 32900.
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- 33300
Intraday Resistance- 34000
