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Bank Intraday Trade Setup | 4th June 2021

Nifty Bank Index (NSE:BANKNIFTY)  
InvestPro_India Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns BANKNIFTY bankniftytradesetup bankniftyintradaylevels bankniftyintraday bankniftyintradaysetpup bankniftyoptions bankniftyoption
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trendanalysis chartpattern banknifty bankniftytradesetup bankniftyintradaylevels bankniftyintraday bankniftyintradaysetpup bankniftyoptions bankniftyoption
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

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

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