Banknifty TradeSetup for 18-08-2023

Banknifty important levels to watch are as follows

#Support: 43735
Sell below: 43735 only on 15 minute candle closure below the level.
Target 1: 43520
Target 2: 43290



#Resistance: 43925
Buy Above: 43925 only on 15 minute candle closure Above the level.
Target 1: 44070
Target 2: 44281



#Demand Zone: 43730-43810 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.

#Supply Zone: 44000-44070 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.

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Komen:

sideways since morning. wait for decisive movement.

Komen:

Again at demand zone, be cautious and stay alert now!

Komen:

as described in idea description ....the price bounced again from the demand zone!!