Banknifty View and Support & Resistance Levels for Tomorrow..
Banknifty Showing weakness and Resistance on the higher side is getting stronger.
If opens flat in Banknifty - Look to take SELL entry at 43260 for Target of 43075 and below, incase any breakout above 42950 Lower targets will be tested.
Uptrend is expected only if Banknifty trades above 43310
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Banknifty Showing weakness and Resistance on the higher side is getting stronger.
If opens flat in Banknifty - Look to take SELL entry at 43260 for Target of 43075 and below, incase any breakout above 42950 Lower targets will be tested.
Uptrend is expected only if Banknifty trades above 43310
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
