BankNifty Intraday Trade Setup | 14th September

BankNifty opened with a minor gap-up, it faced resistance at our buying level 36700 in the morning and we saw a good fall. We bought 36600 CE at 240 which we booked at cost. We bought 36400 CE from support levels at 295 which went to around 370 and Traders booked good profit. After the morning movement, it was trading in a narrow range so we didn't take any more trades.

For tomorrow, we can again see a down-move if BN sustains below 36425.

Expectations for Tomorrow: Volatile Market.

Intraday Levels:
Buy Above 36560
Sell Below 36425

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

Happy Trading!
InvestPro India Team