Banknifty TradeSetup For 10-08-2023
BankNifty important Intraday levels to watch are as follows
Expectations: Volatile day
#Support:44760
Sell below: 44760 only on 15 minute candle closure below the level. agressive sell below demand zone.
Target 1: 44520
Target 2: 44280
#Resistance: 44920
Buy Above: 44920 only on 15 minute candle closure Above the level agressive buy above supply zone.
Target 1: 45120
Target 2: 45380
#Demand Zone:44520-44615 may act as a buying zone and price may bounce from the region marked in green on the chart.
#Supply Zone: 44990-45080 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: Volatile day
#Support:44760
Sell below: 44760 only on 15 minute candle closure below the level. agressive sell below demand zone.
Target 1: 44520
Target 2: 44280
#Resistance: 44920
Buy Above: 44920 only on 15 minute candle closure Above the level agressive buy above supply zone.
Target 1: 45120
Target 2: 45380
#Demand Zone:44520-44615 may act as a buying zone and price may bounce from the region marked in green on the chart.
#Supply Zone: 44990-45080 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.
Komen:
As expected. Very volatile day ...bounced back from the demand zone marked on the chart.
Dagangan ditutup: sasaran tercapai
Target 1 Hit !