BankNifty Intraday Trade Setup | 16th August

BankNifty opened with a minor gap-up and BN broke the yellow resistance line in the opening and we saw a good up-move. We bought 36100 CE which gave a small profit as BankNifty was moving very slow. In second half we could catch the sharp fall and we booked great profit in 36100 PE.

BankNifty gave closing above 36050 level which is a good thing and we can see another rally tomorrow if it sustains above 36210.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 36210
Sell Below 35900

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

Happy Trading!
InvestPro India Team