BankNifty Intraday Trade Setup | 24th August

BankNifty opened with a big gap-up today but couldn't sustain at upper levels and it tested and broke Friday lows too. We bought 35400 PE in the morning around 300 which went to above 600 and Traders booked great profit. We also bought 35100 CE in the afternoon around 240 which also went to near 325 and Traders booked good profit in that trade too.

For tomorrow, we can see a good up-move once we break the yellow falling resistance line tomorrow.

Expectations for Tomorrow: Range-bound day.

Intraday Levels:
Buy Above 35250
Sell Below 34980

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

Happy Trading!
InvestPro India Team

Comment:

1st Target Done.

Trade closed: target reached:

All Targets done.