BlackWizard

Bank NIfty Intraday Trade Setup

Short
NSE:BANKNIFTY   Nifty Bank Index
Even though the market closed higher during the previous day's sessions. The signs around the global market indicate bearish markets. Today is the weekly option expiry day so profit booking will happen.

39600 is the strong resistance level.

39000 is the first key level for support if that is broken 38500 is the next support.
The levels provided are here for a bearish market.

Trade wisely. Maintain strict stop-loss.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.