BANK NIFTY Levels for Intraday (Educational Purpose) 23/05/2025

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📈 BankNifty Intraday Trade Setup – 23/06/2025 (Monday)
🕒 Timeframe: 1-Min Chart
📊 Market Sentiment: Cautiously Bullish | High Volatility Expected
🔼 Buy Above: 56,320 (sustained breakout)
🎯 Target 1: 56,420
🎯 Target 2: 56,550
🛑 Stop Loss: 56,180
⚠️ Confirm with strong volume and EMA crossover
🔽 Sell Below: 56,050 (breakdown below demand zone)
🎯 Target 1: 55,920
🎯 Target 2: 55,780
🛑 Stop Loss: 56,200
⚠️ Entry valid only after 5-min candle closes below 56,050
📍 Key Levels to Watch:
🔹 Resistance: 56,300 – 56,400
🔹 Support: 56,050 – 55,900
🔹 Demand Zone: 55,700 – 55,600
🔹 Supply Zone: 56,400 – 56,550
📌 Pro Tips for Monday:
✅ Track global cues (esp. geopolitical tensions)
✅ Use VWAP and RSI for extra confirmation
✅ No overtrading on breakout traps

Penafian

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