As we analyzed yesterday, BankNifty gave a sell trade today and took a bounce nearby our support level 35600. BankNifty is still in 1000 points range and we may get a big move (1000 points or above) once the range would break. Until now, we can play within that range and tomorrow is the weekly expiry so I am expecting the side ways market until 1:30pm.
In today's session, our sell trade initiated and we booked 300 points today.
Resistance: 36500 Support: 35400
Intraday levels for tomorrow:
Buy Above 36060 for the targets of 36180, 36290, and 36400. SL for the Buy Trade would be 35950. Sell Below 35700 for the targets of 35600, 35500, and 35400. SL for the Sell Trade would be 35810.
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