Bank Nifty Intraday Trade Setup | 18th March 2021

Nifty Bank Index (NSE:BANKNIFTY)

Updated

NSE:BANKNIFTY Nifty Bank Index

trendanalysis chartpattern banknifty bankniftytradesetup bankniftytrading bankniftyview bankniftyanalysis bankniftyoptions bankniftyexpiry bankniftyintradaylevels bankniftylevels

As we analyzed yesterday, BankNifty traded in a range the whole day and broken the support in the last 30 mins. As per setup, the Sell trade triggered below 34750 and hit all the targets.

We sold 34500 PE at 255 near support in the morning and booked great profits.

Expectations for Tomorrow: Volatile Moves.

Resistance: 34560
Support: 33850

Intraday Levels:
Buy Above 34360
Sell Below 34200

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

Happy Trading!
InvestPro India Team

Comment:

As analyzed BankNifty is trading in both directions and with bigger moves.

Trade closed: target reached:

Sell trade triggered as per the setup and all targets are done.

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