Get started
InvestPro_India

BankNifty Intraday Trade Setup | 19th Jan '24

Long
Nifty Bank Index (NSE:BANKNIFTY)  
InvestPro_India  
NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns Technical Indicators BANKNIFTY bankniftytradesetup bankniftyanalysis bankniftyview bankniftylevels bankniftyintradaylevels bankniftyintraday bankniftyintradaytradesetup bankniftyintradaysetup
5
1
chartpattern indicator banknifty bankniftytradesetup bankniftyanalysis bankniftyview bankniftylevels bankniftyintradaylevels bankniftyintraday bankniftyintradaytradesetup bankniftyintradaysetup
Today BankNifty opened with a gap-down around 45500 and after making a low at 45430 it gave a 700+ points bounce from lower levels towards 46180 but again we saw a selling and it come down to 45500. The positive point is that BN didn't break the morning low and closed above the opening price.

For tomorrow, BankNifty has to sustain above 45850 for further upside which can take BankNifty towards 45980 and upper levels. On the other side, if BankNifty breaks 45400 on downside, we expect to see 45280 and below marked levels on the chart.

Expectations: Volatile day.

Intraday Levels:
Buy Above - 45850
Sell Below - 45400

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

Happy Trading!
InvestPro India Team

Related Ideas

InvestPro_India
BankNifty Intraday Trade Setup | 20th Jan '24
InvestPro_India
Nifty Intraday Trade Setup | 19th Jan '24
Disclaimer

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.