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Banknifty Intraday Trade Setup

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Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns bankniftytradesetup intradaytrade daytrading bankniftytradeidea bankniftyintradaylevels
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trendanalysis chartpattern bankniftytradesetup intradaytrade daytrading bankniftytradeidea bankniftyintradaylevels
Banknifty is trading in Falling Channel on Intraday basis and CMP is quoting near upper band of the channel which could be a opportunity to short the index at CMP, however opening price will effect the trade plan. If Banknifty opens up inside the Channel then we can look to short with a Stoploss at 37920 and Targeting 37450 & 37200 levels.
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