InvestPro_India

Bank Expiry Trade Setup | 3rd June 2021

NSE:BANKNIFTY   NIFTY BANK
BankNifty Opened with a gap down, took support from the 35000 zones, and traded in a range until 1:30 PM. Once the range was broken on the upside, gave a great up-move. We bought 35300 PE around 270 which we booked around 300 as the index was moving slowly.

Expectations for Tomorrow: Range-bound day, Volatility after 1:00 PM.

Resistance: 35848
Support: 34941

Intraday Levels:
Buy Above 35450
Sell Below 35200

To motivate me, Please like the idea If you agree with the analysis.

Happy Trading!
InvestPro India Team
Trade closed: target reached: Buy Trade triggered and first two targets hit.
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Comments

Agreeing with your idea totally, but expecting it to give a rally towards 35700-800 ranges,
+4 Reply
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