BankNifty Intraday Trade Setup | 11th Jan '24

NSE:BANKNIFTY   Nifty Bank Index
Today BankNifty opened with a gap-down near 47000 which was the physiological support zone and after giving a bounce towards 47350 odd levels in early morning, it remained in a small range on entire day and it was a typically options sellers day.

For tomorrow, BankNifty has to sustain above 47500 for further upside which can take BankNifty towards 47620 and upper levels. On the other side, if BankNifty breaks 47000 on downside, we expect to see 46880 and below marked levels on the chart.

Expectations: Volatile day.

Intraday Levels:
Buy Above - 47500
Sell Below - 47000

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

Happy Trading!
InvestPro India Team

Subscription Plans:

Whatsapp @8287021744

Telegram Channel -

Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.

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.