Expiry Special Bank Nifty Analysis || Hero & Zero Trade Day

1 thg 11, 2023

Good Morning Guy's..

Guy's Bank nifty have formed a long bearish belt hold candlestick pattern on the daily scale as it failed to hold on to the 43000 levels and corrected 193 points to end at 42846. Bank nifty lost more than 300 points from the day's high. Bank nifty has experienced a trading session where it opened and hit it's high at the same level, signalling a strong bearish presence in the market. The confirmed upside resistance for the index is now at 43500, and until there is a closing breakthrough beyond this level, the overall trend remains negative. On the downside the index has support zone at 42400 and a breach below this level may intensify more selling pressure, potentially driving the index towards the 41500-41000 range.

Important Levels for Bank Nifty:-

Intraday support zone 42400
Intraday resistance zone 43000

Strong Support Zone 42000
Strong Resistance Zone 43500

Buy above 43038, if levels sustains at least for 30 Mints.
Targets will be in upside 43276/43497
keep stop loss at 42695

Sale below 42695, if leves sustains at least for 30 Mints.
Targets will be in downside 42405/42130
Keep stop loss at 43038

Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.

1 thg 11, 2023

Ghi chú

Hello Guy's let's Ride a trade with less qty

take a 42600 pe now at 64
keep stop loss at 22
Targets 91/121/161++
Market seems bearish from here

1 thg 11, 2023

Ghi chú

wow,, Made high 100
Party is still remaining