BankNifty Intraday Trade Setup | 6th September

BankNifty opened with a gap-up above our Buy level of 36900 and we saw an up-move towards our First Target 37050 and we saw a rejection around 37140. We bought 36900 PE in the morning and 37100 CE in the afternoon but both trades booked with loss.

BankNifty was trading in the range for almost 5 hours so we are expecting a good directional move once BankNifty would be breaking the range on either side.

Expectations for Tomorrow: Volatile day.

Intraday Levels:
Buy Above 36870
Sell Below 36600

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Happy Trading!
InvestPro India Team