BankNifty Intraday Trade | Jan 25th

We have seen huge selling in the last two trading sessions resulting in 1700 points fall in BankNifty from its recent high. We either see Short covering with Gapup opening tomorrow or if it falls then should take support near 31000 physiological levels.

Intraday levels for tomorrow:

Buy above 31300 for the targets of 31400 and 31500. SL for the Buy Trade would be 31190.
Sell Below 31100 for the targets of 31000 and 30900. SL for the Sell Trade would be 31210.

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Happy Trading!
InvestPro India Team

Trade closed: target reached:

Both the targets hit on the buy side, I have mentioned that 31000 should provide support, and we saw a bounce from that level twice today.