Banknifty TradeSetup For 11-08-2023
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BankNifty important Intraday levels to watch are as follows
Expectations: Trending Day
#Support: 44420
Sell below: 44420 only on 15 minute candle closure below the level.
Target 1: 44230
Target 2: 44050
#Resistance: 44605
Buy Above: 44605 only on 15 minute candle closure Above the level agressive buy above supply zone.
Target 1: 44820
Target 2: 45050
#Supply Zone: 44600-44680 may act as a selling zone and price may reject from the region marked in red on the chart.
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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Expectations: Trending Day
#Support: 44420
Sell below: 44420 only on 15 minute candle closure below the level.
Target 1: 44230
Target 2: 44050
#Resistance: 44605
Buy Above: 44605 only on 15 minute candle closure Above the level agressive buy above supply zone.
Target 1: 44820
Target 2: 45050
#Supply Zone: 44600-44680 may act as a selling zone and price may reject from the region marked in red on the chart.
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
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