As analyzed, BanknIfty opened with a gap-up and faced resistance near our Buy Level which is 34900, and traded in a narrow range the whole day. We tried to play in a range and bought 34800 CE which worked and gave easy 20% profit. For tomorrow, I am expecting a Negative opening.
Expectations for Tomorrow: Volatile session after 1:00 PM.
Resistance: 34832 Support: 34266
Intraday Levels: Buy Above 34700 Sell Below 34480
To motivate me, Please like the idea If you agree with the analysis.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.