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BankNifty Intraday Trade Setup | 6th September

Nifty Bank Index (NSE:BANKNIFTY)  
InvestPro_India  
NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns Technical Indicators Trend Analysis BANKNIFTY bankniftytradesetup bankniftyanalysis bankniftylevels bankniftyintradaylevels bankniftyintraday bankniftyintradaysetpup bankniftyoptions bankniftyoption
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chartpattern indicator trendanalysis banknifty bankniftytradesetup bankniftyanalysis bankniftylevels bankniftyintradaylevels bankniftyintraday bankniftyintradaysetpup bankniftyoptions bankniftyoption
BankNifty opened with a gap-up above our Buy level of 36900 and we saw an up-move towards our First Target 37050 and we saw a rejection around 37140. We bought 36900 PE in the morning and 37100 CE in the afternoon but both trades booked with loss.

BankNifty was trading in the range for almost 5 hours so we are expecting a good directional move once BankNifty would be breaking the range on either side.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 36870
Sell Below 36600

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

Happy Trading!
InvestPro India Team
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