Bank Intraday Trade Setup | 16th July

15 Jul 2021

BankNifty opened with a minor gap-up and after consolidation, broke its previous resistance 35820 which was also our buy level, and gave a good up-move. We bought 35900 PE in the morning which gave profit, in the afternoon we bought 36000 CE around 25 which went to 45-46 level and we booked good profit in that too. Overall it's was a good day.

For tomorrow, if BankNifty sustains above 36000 levels, we would see a trending up-move.

Expectations for Tomorrow: Trending day.

Intraday Levels:
Buy Above 36000
Sell Below 35800

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

Happy Trading!

16 Jul 2021

Catatan

Couldn't break yesterday's high 35985, made a great profit in 35900 PE.