Bank Nifty Intraday Trade Setup | Feb 4th 2021

As we analyzed yesterday, BankNifty opened with a minor Gap up, felt, and took support near our level of 34000. Immediately it bounced to 34400 levels and after some time our buy trade initiated and all 3 targets met. For tomorrow, I think we BankNifty would open flat.

Resistance - 35050
Support - 34400

Intraday levels for tomorrow:

Buy Above 34800 for the targets of 34900, 35000, and 35100. SL for the Buy Trade would be 34690.
Sell Below 34600 for the targets of 34500, 34400, and 34300. SL for the Sell Trade would be 34710.

Note - No trading zone is marked with yellow color.

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Happy Trading!
InvestPro India Team

Comment:

I would try to post 2x - 4x expiry trade for option lovers. Please hit like to motivate me.

Trade closed: target reached:

All targets done on the buy-side.