Bank Intraday Trade Setup | 16th July

BankNifty opened with a minor gap-up and after consolidation, broke its previous resistance 35820 which was also our buy level, and gave a good up-move. We bought 35900 PE in the morning which gave profit, in the afternoon we bought 36000 CE around 25 which went to 45-46 level and we booked good profit in that too. Overall it's was a good day.

For tomorrow, if BankNifty sustains above 36000 levels, we would see a trending up-move.

Expectations for Tomorrow: Trending day.

Intraday Levels:
Buy Above 36000
Sell Below 35800

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

Happy Trading!

Commento:

Couldn't break yesterday's high 35985, made a great profit in 35900 PE.