InvestPro_India

Bank Nifty Intraday Trade Setup | 19th March 2021

NSE:BANKNIFTY   NIFTY BANK
BankNifty gave both sides volatile moves as we analyzed for today. We opened with a big gap-up , which we used to sell and it was very easy to book great profits near support levels. BankNifty is falling for the last 5 trading sessions and we may see a bounce of 400-500 points so be cautious if you sell in Intraday.

Trades we took today:
> Sold BankNifty Fut at 34800 and booked almost 340 points.
> Sold 34500 Put to play the bounce at 175 and booked near 90.
> Bought 34500 Put again at 95 and booked near 250.

Overall great expiry for our trading room subscribers.

Expectations for Tomorrow: Trending Move.

Resistance: 34322
Support: 33470

Intraday Levels:
Buy Above 34060
Sell Below 33600

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

Happy Trading!
InvestPro India Team
Trade closed: target reached: In the morning, we got the sell trade through this setup, and in the afternoon we got the Buy signal. Targets met on both sides.
Happy Trading!
InvestPro Team

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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.

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