Bank Intraday Trade Setup | 4th August

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.


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+1 Reply
Keep up the good job !! 👍👍👍
+1 Reply
InvestPro_India arijitmitra33
@arijitmitra33, Thanks.
At least we can like the post. They r doing tremendous job.
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InvestPro_India sahajgeetsingh
@sahajgeetsingh, Thanks, your likes, and comments motivate us to share more analysis.