InvestPro_India

Bank Intraday Trade Setup | 4th June 2021

NSE:BANKNIFTY   NIFTY BANK
BankNifty opened with a Gap-up and remained in a range for the first half. As we analyzed we saw volatility after 1:00 PM. Tomorrow there is an event, RBI Credit Policy hence market can be in range, high volatile during Policy announcement, and then a Trending Move.

Expectations for Tomorrow: Range bound until RBI Credit Policy, then a Trending Move.

Resistance: 35905
Support: 35284

Intraday Levels:
Buy Above 35700
Sell Below 35500

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Happy Trading!
InvestPro India Team
Trade closed: target reached: Sell Trade Triggered and all targets done.
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Comments

Your analysis was correct.👍
+1 Reply
Thank you
+1 Reply
Nice analysis, kudos
+1 Reply
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