BANKNIFTY Intraday Trade Setup For 31 May 2023
BANKNIFTY Intraday Trade Setup For 31 May 2023
Buy-Above 44500
Sl- 44395
T- 44755 45026
Sell-Below 44360
Sl-44465
T- 44190 43965
BANKNIFTY has once again closed on a slight bullish note with 0.28% gain. Today it opened flat and traded within previous day's range. Nothing triggered as per trade setup. Intraday momentum was complete sideways after the 1st 15 Min candle , just like yesterday. Index has been in consolidating between 44500 and 44190 for the last two days. Breakout of this range may result in trendy move. For tomorrow's session 44500 and 44360 are important levels.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44500 then we will long for the target of 44755 and 45026.
For selling we need a 15 Min candle close below 44360. T- 44190 and 43965.
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 44500
Sl- 44395
T- 44755 45026
Sell-Below 44360
Sl-44465
T- 44190 43965
BANKNIFTY has once again closed on a slight bullish note with 0.28% gain. Today it opened flat and traded within previous day's range. Nothing triggered as per trade setup. Intraday momentum was complete sideways after the 1st 15 Min candle , just like yesterday. Index has been in consolidating between 44500 and 44190 for the last two days. Breakout of this range may result in trendy move. For tomorrow's session 44500 and 44360 are important levels.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 44500 then we will long for the target of 44755 and 45026.
For selling we need a 15 Min candle close below 44360. T- 44190 and 43965.
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.
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