Banknifty - Prediction & Intraday Levels for - 15 May 2023
Bank Nifty Prediction for Monday:
Bank Nifty moved sharp on Friday during post noon session, however 42250 level is where Fake breakout happened which will be tested in one or two sessions.
On Monday Bnf likely to Open flat / Gap down, if opens below 43750 supply zone, 43475 demand zones will be tested. If that is compromised Next Target is 43200.
It is at close 44K round level, before the next move some correction is expected in Bnf, before expiry 43300 will get tested and then Rally may continue to test 44K
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Bank Nifty moved sharp on Friday during post noon session, however 42250 level is where Fake breakout happened which will be tested in one or two sessions.
On Monday Bnf likely to Open flat / Gap down, if opens below 43750 supply zone, 43475 demand zones will be tested. If that is compromised Next Target is 43200.
It is at close 44K round level, before the next move some correction is expected in Bnf, before expiry 43300 will get tested and then Rally may continue to test 44K
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
BNF opened above Supply zone which was indicating positive sign so The target of 44K is tested without correction.