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

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Happy Trading!

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