BankNifty Intraday Trade Setup | 2nd Jan '24

BankNifty opened flat today and remained in a range for sometime. BankNifty broke the upper level of 48300 and made a high at 48450 which acted as rejection zone and we saw a fall of around 400 points in last 30 mins.

For tomorrow, if BankNifty breaks 48100 on the downside, we expect to see 47980 and below levels marked. On the other side, if BankNifty sustains above 48450 we will see fresh buying towards 48580 and upper marked levels on the chart.

Expectations: Volatile Day

Intraday Levels:
Buy Above - 48450
Sell Below - 48100

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Happy Trading!
InvestPro India Team

Trade closed: target reached:

Sell trade triggered, 1st and 2nd targets are done.