BankNifty Intraday Trade Setup | 13th August

BankNifty opened with a minor gap-up near resistance and we saw a rejection in the opening. We bought 36200 PE at 280 which went to above 500 and we booked great profit. We again bought the same 36200 PE around 290 which again went to 400+.

BankNifty is trading in the triangle pattern and forming higher highs and higher lows, if it opens flat tomorrow and breaks this on the upper side, we can see a 100-150 points fast move in the morning.

Expectations for Tomorrow: Trending day.

Intraday Levels:
Buy Above 36020
Sell Below 35800

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

Happy Trading!
InvestPro India Team
Comment: 1st Target Done on Buying Side.

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