Banknifty Expiry TradeSetup for 06-09-2023

Banknifty important levels to watch are as follows

#Support: 44445

Sell below: 44445 only on 15 minute candle closure below the level.
Target 1: 44320
Target 2: 44200




#Resistance: 44575

Buy Above: 44575 only on 15 minute candle closure Above the level.
Target 1: 44650
Target 2: 44780



#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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Comment:

for a major movement need to break the demand and supply zones marked on the chart in green and red boxes respectively.

Comment:

Price Rejected from the supply zone, this may happen as long as banknifty is trading within the zones.

Comment:

almost close to target 1 after break of support and demand zone. This way price action concepts allow us to stay on the right side of the markets.

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Comment:

breakdown from the bearish flag and Target 1 reached !!

Comment:

low made 44208, almost achieved second target too !!

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