Bank Nifty Intra Day Trade Strategy for 28/7/21

Bank Nifty Trade Setup for 28th July, 2021– Bank Nifty Closes At - 34800
Daily time frame – support – 34150
resistance - 35350

5 min time frame - resistance at 35200 and support at 34650

Sentiment of the Market – sentiment is bullish

Intraday Action for Various Possibilities -
1) Opens Flat -
a) Goes Up- Buy CE only if it crosses 34950
b) Goes Down – Buy PE if it falls below 34400

2) Opens with Gap Up -
a) But Below 34950 - Buy CE only if it crosses 35200
b) Above 34950
i) Its going up - Buy CE only if it crosses 35200
ii) Its going down -Wait for it to bounce back from 34950 and buy CE when crosses 35200
if it breaks 34650 - then no trade till 34400
and if it breaks 34400 then Buy PE below 34400 till 34150 and beyond.

3) Opens with Gap Down -
a) Above 34650 - Wait for it to bounce back from 34650 and buy CE trade above 34950 only
b) Below 34650-
Keeps on falling then Buy PE up to a fall of 34150, support present at 34400

These Levels are for Safe Playing Traders Only and during Live Trading you can always make profit from Scalp Trading between these levels