BankNifty Intraday Trade Setup | 5th Jan '24

Today BankNifty opened with a gap-up above our buy level of 47800 and gave rally towards 48280 hitting all our targets on the buy side. BankNifty is looking bullish for tomorrow and positional basis until trading above 48250.

For tomorrow, if BankNifty breaks 48250 on the upside, we expect to see 48370 and upper marked levels. On the other side, if BankNifty breaks 47950 on downside, we expect to see more selling towards 47830 and below marked levels on the chart.

Expectations: Trending day.

Intraday Levels:
Buy Above - 48250
Sell Below - 47950

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Happy Trading!
InvestPro India Team

עסקה סגורה: היעד הושג:

Sell trade triggered, 1st target done.