As analyzed, BanknIfty opened with a gap-up and faced resistance near our Buy Level which is 34900, and traded in a narrow range the whole day. We tried to play in a range and bought 34800 CE which worked and gave easy 20% profit. For tomorrow, I am expecting a Negative opening.
Expectations for Tomorrow: Volatile session after 1:00 PM.
Resistance: 34832 Support: 34266
Intraday Levels: Buy Above 34700 Sell Below 34480
To motivate me, Please like the idea If you agree with the analysis.