InvestPro_India

Bank Expiry Trade Setup | 10th June 2021

NSE:BANKNIFTY   NIFTY BANK
BankNifty opened flat and made a bullish candle on 15 mins time frame, it went up and took resistance at the yellow line we drew on the chart. It spent almost 2.5 hours in 100-120 points range and we saw a sharp sell-off. We tried 35300 PE in the morning but due to range-bound, it didn't work. We again took a position in 35000 PE around 190 which made a high of 400 within 30 mins.

The range for tomorrow is bigger and expecting volatile moves in the morning and the last 2 hours of sessions hence novice traders trade with caution and keep your quantity low.

Expectations for Tomorrow: Range bound, volatility after 1:00.

Resistance: 35254
Support: 34186

Intraday Levels:
Buy Above 35050
Sell Below 34640

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

Happy Trading!
InvestPro India Team
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Comments

Sir, on what basis you determine that valatile will come in last 2hrs
Reply
@Naveenssdn, Market reading.
Reply
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