BankNifty Intraday Trade Setup | 28th Dec

Today BankNifty opened with a gap-up around 47850 and we saw a breakout above 48000 in the morning session which took BankNifty towards 48250 zones but profit booking was seen from the upper levels.

BankNifty again took support near 47900 odd levels and gave rally towards 48350 by breaking a previous high.

For tomorrow, if BankNifty sustains above 48400, we expect to see further up move towards 48520 and upper marked levels. On the other side, if BankNifty breaks 48070 on the downside, we may see 47960 and below marked levels.

Expectations: Volatile Day

Intraday Levels:
Buy Above - 48400
Sell Below - 48070

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Happy Trading!
InvestPro India Team

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Buy trade triggered and 1st target done.