InvestPro_India

Bank Intraday Trade Setup | 3rd August

NSE:BANKNIFTY   NIFTY BANK
BankNifty opened with a gap-up and faced resistance in the 34820 zones, it spent almost the whole day in 15 points range which was broken on the downside and we saw a good fall in BankNifty .

We did sell BankNifty Fut at 34980 which made a low around 34680, booked great profit on the sell-side.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 34900
Sell Below 34590

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

Happy Trading!
Trade closed: target reached: Breakout from triangle pattern and sustaining above 34900 gave great profit to Fut and CE Buyers.
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Comments

You mean, bank nifty is expected to fall tomorrow so we should buy in PE but around what rate? And what is expected rate ro sell?
+2 Reply
InvestPro_India amazedstar6587
@amazedstar6587, would post the trade during market hours tomorrow.
+1 Reply
Sir try to give some tips to trade safely in banknifty it would more helpful to us and our support are always there for you sir
+2 Reply
@gharishh02, we do provide 1-2 trades in the Public channel, today we suggested buying 34800 PE around 280 which went to above 380.
+1 Reply
amazedstar6587 InvestPro_India
@InvestPro_India, hey, do you similar information for tomorrow?
Reply
Sir, You told this: Buy Above 34900, Sell Below 34590: Also there is a triangle pattern so once it breaks triangle any side, And start taking support on that trend line(So to watch 2 candle : 1 bo and 2nd taking support or directly going upwords) can i take trade on that side?
Reply
@tbgokani, this pattern requires technical expertise to trade, if you have can trade.
+2 Reply
@tbgokani, See how perfectly BN is following the triangle pattern.
+1 Reply
tbgokani InvestPro_India
@InvestPro_India, Yes i entered after bo and retest. Seeing what happens next. I took 34800CE, Do you think it will break 34850 level?
Reply