BankNifty opened with a small gap-down 35400 and after making a low near 35340 we saw a good bounce in BankNifty towards 35720 zones. BankNifty again faced resistance at higher levels and it came towards the 35300 level, but this provided support and we saw a more than 400 points steep rise in the last 30 - 40 mins.
Tomorrow if BankNifty sustains below 35200, we can expect a further downmove.
Expectations for Tomorrow: Range-bound day, Volatality after 12:50 PM.
Intraday Levels:
Buy Above 35800
Sell Below 35200
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
Tomorrow if BankNifty sustains below 35200, we can expect a further downmove.
Expectations for Tomorrow: Range-bound day, Volatality after 12:50 PM.
Intraday Levels:
Buy Above 35800
Sell Below 35200
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
Comment:
No Trade as per set-up.
