Hope everyone had a great weekend and enjoyed the new year with your near and dear ones. Coming to Monday's trade setup, we are going to buy above Friday's high if crosses with flat opening. In buying side also have a close eye on the daily trendline resistance. It can give resistance also. For selling we will sell below 35400 and also if index opens with big gap and makes a negative candle in 5 min candle and breaks that candle low.
We have not got closing above 35500 in daily TF. Although it has tested 35500. Closing above 35500 will pull BANKNIFTY till 36800.
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