BankNifty Intraday Trade Setup | 7th September

BankNifty opened a flat and we again saw the rejection in the 36900 - 37000 zone, today we saw a volatile and low range market as analyzed in the morning.

We bought 36900 CE in the morning around 290 and added more around 210 which we sold with a loss at 220. We also bought 36700 PE and 36800 CE and booked profit in both the trades.

BankNifty closed near the support zone and tomorrow if it sustains below 36470, we can expect a fast move on the downside. In case BankNifty breaks the falling resistance line and sustains above 36750, 100-120 points up-move can be expected.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 36750
Sell Below 36470

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