BankNifty Intraday Trade Setup | 5th Jan '24
Updated
Today BankNifty opened with a gap-up above our buy level of 47800 and gave rally towards 48280 hitting all our targets on the buy side. BankNifty is looking bullish for tomorrow and positional basis until trading above 48250.
For tomorrow, if BankNifty breaks 48250 on the upside, we expect to see 48370 and upper marked levels. On the other side, if BankNifty breaks 47950 on downside, we expect to see more selling towards 47830 and below marked levels on the chart.
Expectations: Trending day.
Intraday Levels:
Buy Above - 48250
Sell Below - 47950
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
For tomorrow, if BankNifty breaks 48250 on the upside, we expect to see 48370 and upper marked levels. On the other side, if BankNifty breaks 47950 on downside, we expect to see more selling towards 47830 and below marked levels on the chart.
Expectations: Trending day.
Intraday Levels:
Buy Above - 48250
Sell Below - 47950
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: target reached
Sell trade triggered, 1st target done.
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Whatsapp @8287021744
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Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
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