BankNifty Intraday Trade Setup | 1st November
BankNifty opened flat and we saw sharp selling just after opening, it took support at 38426 and we saw a good recovery from that zone.
Trades we took Today:
> Bought BankNifty 39700 CE at 250 which we booked with 40 points loss
This was the only BankNifty Trade we took on Friday as Nifty gave us 4 profitable Trades.
BankNifty was trying to break the resistance of the 39300 - 39350 zone in the last hour Friday and we can expect an up-move once BankNifty breaks this zone on upside tomorrow.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 39300
Sell Below 38950
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took Today:
> Bought BankNifty 39700 CE at 250 which we booked with 40 points loss
This was the only BankNifty Trade we took on Friday as Nifty gave us 4 profitable Trades.
BankNifty was trying to break the resistance of the 39300 - 39350 zone in the last hour Friday and we can expect an up-move once BankNifty breaks this zone on upside tomorrow.
Expectations for Tomorrow: Volatile day.
Intraday Levels:
Buy Above 39300
Sell Below 38950
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Comment:
Buy Trade Triggered as per Set-up and All Targets done.
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
