BankNifty Intraday Trade Setup | 17th DecToday, BankNifty closed with a minor gap-down and traded in a range from 53700 on upside to 53335 on downside. As per setup posted yesterday, sell trade triggered below 53480 but it missed our 1st target by 10 points. Overall it was a range bound day for BankNifty.
Tomorrow, buy BankNifty if sustains above 53700 for the targets of 53900 and above marked level. On the other side, if BankNifty sustains below 53300 on the downside, sell BankNifty for the targets of 53120 and below marked level on the chart.
Expectations: Range-bound day.
Intraday Levels:
Buy Above - 53700
Sell Below - 53300
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Happy Trading!
InvestPro India Team
