BankNifty opened near our Sell level of 39500 and we saw a sharp fall in the morning due to panic selling in IndusInd Bank. It took support near psychological level of 39000 and we saw good 580 points recovery from day's low.
BankNifty formed a Bullish Hammer on the daily time frame and we see a good upmove if BankNifty starts trading above today's Day High.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 38520
Sell Below 39350
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
BankNifty formed a Bullish Hammer on the daily time frame and we see a good upmove if BankNifty starts trading above today's Day High.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above 38520
Sell Below 39350
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Note
Buy Above 39520.Trade closed: stop reached
Range-bound Market, SL hit as per trade set-up.
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🚨 BIG ANNOUNCEMENT for XAUUSD Traders! 🚨
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.