BANKNIFTY Intraday Trade Setup For 26 Jul 2023
Bullish-Above 45945
Invalid-Below 45835
T- 46170 46400+
Bearish-Below 45620
Invalid- Above 45730
T-45377 45129
BANKNIFTY has closed on a slight bearish note with 0.17% cut today. Sell triggered as per trade setup below 45855 and hit our 1st target. Trade gave more than 200 points gain (45855-45623). 45950 and 45620 are important levels to look for breakout any side. High probability trades looks in the downside though while up moves have to be watch carefully for a reversal structure (M structure) in 5 Min TF.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45945 then we will long for the target of 46170 and 46400.
For selling we need a 15 Min candle close below 45620. T- 45377 and 45129.
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.
Bullish-Above 45945
Invalid-Below 45835
T- 46170 46400+
Bearish-Below 45620
Invalid- Above 45730
T-45377 45129
BANKNIFTY has closed on a slight bearish note with 0.17% cut today. Sell triggered as per trade setup below 45855 and hit our 1st target. Trade gave more than 200 points gain (45855-45623). 45950 and 45620 are important levels to look for breakout any side. High probability trades looks in the downside though while up moves have to be watch carefully for a reversal structure (M structure) in 5 Min TF.
Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 45945 then we will long for the target of 46170 and 46400.
For selling we need a 15 Min candle close below 45620. T- 45377 and 45129.
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.
