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InvestPro_India

BankNifty Intraday Trade Setup | 20th Jan '24

Nifty Bank Index (NSE:BANKNIFTY)  
InvestPro_India  
NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns Technical Indicators BANKNIFTY bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview bankniftylevels bankniftyintradaylevels bankniftyintraday bankniftyintradaytradesetup
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chartpattern indicator banknifty bankniftytradesetup bankniftytrend bankniftyanalysis bankniftyview bankniftylevels bankniftyintradaylevels bankniftyintraday bankniftyintradaytradesetup
Today BankNifty opened with a gap-up around 46100 and after making a high around 46250, it gave a 600+ points fall from higher levels towards 45550. BankNifty is looking bearish in comparison to Nifty and if it fails to hold 45500 on closing basis, we may see another fresh selling.

For tomorrow, BankNifty has to sustain above 45940 for further upside which can take BankNifty towards 46060 and upper levels. On the other side, if BankNifty breaks 45500 on downside, we expect to see 45370 and below marked levels on the chart.

Expectations: Volatile day.

Intraday Levels:
Buy Above - 45940
Sell Below - 45500

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Happy Trading!
InvestPro India Team

Idées en relation

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BankNifty Intraday Trade Setup | 30th Jan '24
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BankNifty Intraday Trade Setup | 19th Jan '24
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