BankNifty Intraday Trade Setup | 8th September

7 sept. 2021

BankNifty opened with a minor gap-down and we saw a good fall once BankNifty broke our Sell level of 36470. We were able to catch the bottom, bought 36200 CE at 250 which went to above 500 and traders booked great profit. We also bought 36500 CE and 36500 PE, booked profit in all 3 Option trades.

For tomorrow, we can see a good up-move once BankNifty sustains above the falling resistance line. On the other side BN may give a good move downside if breaks 36380.

Expectations for Tomorrow: Range-bound day.

Intraday Levels:
Buy Above 36700
Sell Below 36380

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

Happy Trading!
InvestPro India Team

8 sept. 2021

Note

Buy Trade Triggered above 36700 and 1st Target done.