Bank Nifty Intraday Trade setup for 31st July 2020

Good Morning friends,

We had seen a lot of up and down move in the index. The index is trading on the dynamic channel support which has taken from an uptrend channel. The index will test 20900 if 21600 breaks. This is a very important point for trend reversal and confirmation comes lower than 20900. the first Index needs to sustain lower than 21600 then 20900.

Intraday Levels for 31st August
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Long: 22000 Target: 22140/22270/22330 SL: 21870
Short: 21580 Target:21400/21210/21100 SL: 21800

Disclaimer: I am not a SEBI Registered Research Analyst and all the information provided here is for educational purposes Views are shared based on market research and study and personal in nature. Others can take different views and opinions.

Good Luck and Happy Trading
Virendra Pandey