BankNifty Intraday Trade Setup | 16th Dec
Updated
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
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
Trade closed manually
Sell trade triggered but missed 1st target by 10 points.
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Views are for educational purposes only. You are solely responsible for any decisions based on my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are for educational purposes only. You are solely responsible for any decisions based on my research.
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