Banknifty - Intraday Levels for 01 Sep 2022 (Expiry Special)

Banknifty Levels for Tomorrow..

Sentiment : Positive
Expectation : Sideways - Volatile

What a sharp rally in Nifty on Tuesday.. made 400 Points intraday rally.. Similarly Banknig sector was good boomed Banknifty 1000 points intraday move.

But SGX Nifty is already trading near 17500 with 300 Points down currently. Global cues are also negative mostly.

So We can expect Gap down Open in our market tomorrow around 39300 and may trade in range between 39200 & 39500. Being Sep month starting and Weekly expiry day tomorrow, I will Wait for first half and take trade after 1:30pm if I see any good patterns and trend. If Banknifty holds 39540 above, Bullish Rally will continue.

Probably during end of the session tomorrow we can expect sharp rally in the market.

Refer the chart for detailed Intraday Support and Resistance levels.

Happy Trading!!

Don't forget to Follow me..

To get access for the indicators "ViVen - EXP & ASR" - Join my telegram

Telegram Channel Link -

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.