BankNifty Intraday Trade Setup | 16th Dec

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On Friday, BankNifty gave big moves. In morning we saw breakdown and BankNifty made a low around 52260 but we saw strong reversal from lower levels and BankNifty made a high at 53654 which is approx 1400 points rally from day low.

Tomorrow, buy BankNifty if sustains above 53700 for the targets of 53850 and above marked level. On the other side, if BankNifty sustains below 53480 on the downside, sell BankNifty for the targets of 53320 and below marked level on the chart.

Expectations: Volatile day.

Intraday Levels:
Buy Above - 53700
Sell Below - 53480

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

Happy Trading!
InvestPro India Team

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تم إغلاق الصفقة يدويًا

Sell trade triggered but missed 1st target by 10 points.