BankNifty opened with a gap-up around 35168, we saw selling in the morning which brought BN near to yesterday's low 34840 and that acted as a support zone. We saw 600 points recovery but the price again faced rejection in 35440 zones and BankNifty lost all the gains in the second half.
Tomorrow if BankNifty sustains below 34800, we can expect a further down-move.
Expectations for Tomorrow: Range-bound movement, Volatality after 1:35 PM.
Intraday Levels:
Buy Above 35120
Sell Below 34800
To motivate us, Please like the idea If you agree with the analysis.
Tomorrow if BankNifty sustains below 34800, we can expect a further down-move.
Expectations for Tomorrow: Range-bound movement, Volatality after 1:35 PM.
Intraday Levels:
Buy Above 35120
Sell Below 34800
To motivate us, Please like the idea If you agree with the analysis.
Comment:
No Trade as per set-up.
