Bank Intraday Trade Setup | 5th July
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BankNifty opened with a minor gap-up and it faced resistance near our Buy level which was 34800, we bought 34700 PE at 255 which gave a good profit. In the second half, it broke 34800 levels and hit the first target as per the trade set-up.
BankNifty is trading in a triangle pattern and the range is narrowing down, we are expecting a big trend move once it breaks the triangle on either side.
Expectations for Tomorrow: Volatile day.
Resistance: 35040
Support: 34663
Intraday Levels:
Buy Above 34900
Sell Below 34600
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
BankNifty is trading in a triangle pattern and the range is narrowing down, we are expecting a big trend move once it breaks the triangle on either side.
Expectations for Tomorrow: Volatile day.
Resistance: 35040
Support: 34663
Intraday Levels:
Buy Above 34900
Sell Below 34600
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
Note
Bought at 35050
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