BankNifty Intraday Trade Setup | 25th August

AS we analyzed BankNifty gave a great trending move once it broke the falling resistance line. In the morning we bought 34500 PE around 310 which went to around 375 and Traders booked good profit. In the afternoon we bought 35500 CE around 280 which went to above 400 and we again booked a great profit.

For tomorrow, we can again see a good up-move once we break the 35820 on the upside but the 36000-36050 zone would act as a strong resistance so be cautious. If we open with a big gap-up tomorrow would be looking for a selling opportunity in the morning near the 36000 zones.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 35820
Sell Below 35580

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

Happy Trading!
InvestPro India Team

Comment:

As analyzed, selling morning top gave great profit.