BANKNIFTY Intraday Trade Setup For 20 Jul 2023
Buy-Above 45710
Sl-45600
T- 45925 46230
Sell-Below 45510
Sl-45400
T- 45280 45034
BANKNIFTY has closed with 0.57% gain today. It has formed an inside candle in daily TF which is a sign of contraction which results sideways before any fresh trendy move. It was a total choppy market today. Nothing triggered as per trade setup today. Today's daily candle is buyers candle so below today's low there can be aggressive selling. Since it a slight bullish candle so above today's high, bullish momentum can be expected.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 45710 then we will long for the target of 45925 and 46230.
For selling we need a 15 Min candle close below 45510. T- 45281 and 45034.
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 45710
Sl-45600
T- 45925 46230
Sell-Below 45510
Sl-45400
T- 45280 45034
BANKNIFTY has closed with 0.57% gain today. It has formed an inside candle in daily TF which is a sign of contraction which results sideways before any fresh trendy move. It was a total choppy market today. Nothing triggered as per trade setup today. Today's daily candle is buyers candle so below today's low there can be aggressive selling. Since it a slight bullish candle so above today's high, bullish momentum can be expected.
Coming to Thursday's trade setup, if index opens flat and a 15 min candle closes above 45710 then we will long for the target of 45925 and 46230.
For selling we need a 15 Min candle close below 45510. T- 45281 and 45034.
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.
