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BankNifty Intraday Trade Setup | 11th Jan '24

Nifty Bank Index (NSE:BANKNIFTY)  
InvestPro_India  
NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns Technical Indicators BANKNIFTY bankniftytradesetup bankniftyanalysis bankniftylevels bankniftyview bankniftyintradaylevels bankniftyintraday bankniftyintradaytradesetup bankniftyintradaysetup
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chartpattern indicator banknifty bankniftytradesetup bankniftyanalysis bankniftylevels bankniftyview bankniftyintradaylevels bankniftyintraday bankniftyintradaytradesetup bankniftyintradaysetup
Today BankNifty opened with a gap-down near 47000 which was the physiological support zone and after giving a bounce towards 47350 odd levels in early morning, it remained in a small range on entire day and it was a typically options sellers day.

For tomorrow, BankNifty has to sustain above 47500 for further upside which can take BankNifty towards 47620 and upper levels. On the other side, if BankNifty breaks 47000 on downside, we expect to see 46880 and below marked levels on the chart.

Expectations: Volatile day.

Intraday Levels:
Buy Above - 47500
Sell Below - 47000

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

Happy Trading!
InvestPro India Team

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