InvestPro_India

Bank Intraday Trade Setup | 4th August

NSE:BANKNIFTY   NIFTY BANK
BankNifty opened with a minor gap-down and we saw a trending move after breaking out the triangle pattern . We have bought 34700 and 34800 CE and both gave good profit. We also tried 34900 PE near resistance but it didn't work.

For tomorrow, would be looking for a buy-on dip opportunity as we got the breakout in BankNifty and positionally we can look for the target of 35800-36050.

Expectations for Tomorrow: Range-bound day.

Intraday Levels:
Buy Above 35250
Sell Only if it sustains below 35000

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

Happy Trading!
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.

Comments

Keep it up the good work as we have very happy to see that you are posting more ideas for buying..it is working very well..all the best 👍
+1 Reply
Keep up the good job !! 👍👍👍
+1 Reply
InvestPro_India arijitmitra33
@arijitmitra33, Thanks.
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At least we can like the post. They r doing tremendous job.
+1 Reply
InvestPro_India sahajgeetsingh
@sahajgeetsingh, Thanks, your likes, and comments motivate us to share more analysis.
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