Banknifty Trade setup for 05-10-2023

BankNifty important levels to watch are as follows

#Support: 43880

Sell below: 43880 only on 15 minute candle closure below the level.
Target 1: 43780
Target 2: 43620
Target 3: 43475


#Resistance: 44045

Buy Above: 44045 only on 15 minute candle closure Above the level.
Target 1: 44140-44155
Target 2: 44290
Target 3: 44470



=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.

=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.



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=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.

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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.

Komen:

huge gap up opening, wait for further levels to break

Dagangan ditutup: sasaran tercapai