BankNifty Intraday Trade Setup | 19th Jan '24

Today BankNifty opened with a gap-down around 45500 and after making a low at 45430 it gave a 700+ points bounce from lower levels towards 46180 but again we saw a selling and it come down to 45500. The positive point is that BN didn't break the morning low and closed above the opening price.

For tomorrow, BankNifty has to sustain above 45850 for further upside which can take BankNifty towards 45980 and upper levels. On the other side, if BankNifty breaks 45400 on downside, we expect to see 45280 and below marked levels on the chart.

Expectations: Volatile day.

Intraday Levels:
Buy Above - 45850
Sell Below - 45400

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Happy Trading!
InvestPro India Team