Bank Intraday Trade Setup | 4th August

3 באוג׳ 2021

BankNifty opened with a minor gap-down and we saw a trending move after breaking out the triangle pattern. We have bought 34700 and 34800 CE and both gave good profit. We also tried 34900 PE near resistance but it didn't work.

For tomorrow, would be looking for a buy-on dip opportunity as we got the breakout in BankNifty and positionally we can look for the target of 35800-36050.

Expectations for Tomorrow: Range-bound day.

Intraday Levels:
Buy Above 35250
Sell Only if it sustains below 35000

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

Happy Trading!