BankNifty opened flat and made a bullish candle on 15 mins time frame, it went up and took resistance at the yellow line we drew on the chart. It spent almost 2.5 hours in 100-120 points range and we saw a sharp sell-off. We tried 35300 PE in the morning but due to range-bound, it didn't work. We again took a position in 35000 PE around 190 which made a high of 400 within 30 mins.
The range for tomorrow is bigger and expecting volatile moves in the morning and the last 2 hours of sessions hence novice traders trade with caution and keep your quantity low.
Expectations for Tomorrow: Range bound, volatility after 1:00.
Resistance: 35254
Support: 34186
Intraday Levels:
Buy Above 35050
Sell Below 34640
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
The range for tomorrow is bigger and expecting volatile moves in the morning and the last 2 hours of sessions hence novice traders trade with caution and keep your quantity low.
Expectations for Tomorrow: Range bound, volatility after 1:00.
Resistance: 35254
Support: 34186
Intraday Levels:
Buy Above 35050
Sell Below 34640
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
