Banknifty expiry tradesetup for 17-08-2023
Banknifty important levels to watch are as follows
#Support: 43860
Sell below: 43860 only on 15 minute candle closure below the level.
Target 1: 43730
Target 2: 43600
Target 3: 43455
#Resistance: 43970
Buy Above: 43970 only on 15 minute candle closure Above the level.
Target 1: 44180
Target 2: 44410
#Demand Zone: 43700-44800 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.
#Supply Zone: 44160-44180 may act as an immediate 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.
#Support: 43860
Sell below: 43860 only on 15 minute candle closure below the level.
Target 1: 43730
Target 2: 43600
Target 3: 43455
#Resistance: 43970
Buy Above: 43970 only on 15 minute candle closure Above the level.
Target 1: 44180
Target 2: 44410
#Demand Zone: 43700-44800 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.
#Supply Zone: 44160-44180 may act as an immediate 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.
Komen:
Almost achieved target 1 and bounced back from the demand Zone as explained in the idea description above.
