BankNifty Intraday Trade Setup | 16th Feb
Today BankNifty opened with a gap-up around 46100 and opening price was a morning high. We saw almost 500 points fall in morning but BankNifty took support at 45590 and gave a rebound towards 46300 levels.
For tomorrow, BankNifty has to sustain above 46350 for further upside which can take BankNifty towards 46470 and upper marked levels. Keep an eye on 46500 which is major resistance zone.
On the other side, if BankNifty breaks 46000 on downside, we expect to see 45880 and below marked levels on the chart.
Expectations: Volatile day.
Intraday Levels:
Buy Above - 46350
Sell Below - 46000
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
For tomorrow, BankNifty has to sustain above 46350 for further upside which can take BankNifty towards 46470 and upper marked levels. Keep an eye on 46500 which is major resistance zone.
On the other side, if BankNifty breaks 46000 on downside, we expect to see 45880 and below marked levels on the chart.
Expectations: Volatile day.
Intraday Levels:
Buy Above - 46350
Sell Below - 46000
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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