InvestPro_India

Bank Nifty Intraday Trade Setup | 16th Feb 2021

NSE:BANKNIFTY   NIFTY BANK
We analyzed yesterday we got 1000 points trade and it was easy for option buyers, 37000 CE went from 170 to 800. Tomorrow, I am expecting a gap-up opening.

Resistance: 37700
Support: 36900

Intraday levels for next session:

Buy Above 37400 for the targets of 37500, 37600, and 37700. SL for the Buy Trade would be 37290.
Sell Below 37200 for the targets of 37100, 37100, and 37000. SL for the Sell Trade would be 37310.

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

Happy Trading!
InvestPro India Team
Trade closed: target reached: Sell trade initiated and all the targets met.... mentioned 37700 as resistance and it worked perfectly.
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Comments

lovely analysis, i would like to know the fundamentals behind the analysis,is it elliot wave analysis or OI analysis or or the agressiveness of FII? anyway wonderful analysis
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@hbraj87 Thanks.... Price action along with Demand and Supply analysis.
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