Nifty Bank IndexLong
Banknifty - View & Intraday Levels for - 13 Feb 2023
Bank Nifty : My view is BULLISH if there is no negative news and Global cues are positive.
It was a range market this week, and Bank Nifty also closed with no clear direction. However Banknifty is little strong comparing to Nifty.
BULLISH view:
If Monday Opens gap up and sustains above the upper trend line and PDH - 41680 then 42000 highly possible to be tested before expiry.
BEARISH View:
Incase of weakness and closes below the lower trendline or the demand zone 41440, we would expect BEARISH move until 41280 Demand zone.
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!!
It was a range market this week, and Bank Nifty also closed with no clear direction. However Banknifty is little strong comparing to Nifty.
BULLISH view:
If Monday Opens gap up and sustains above the upper trend line and PDH - 41680 then 42000 highly possible to be tested before expiry.
BEARISH View:
Incase of weakness and closes below the lower trendline or the demand zone 41440, we would expect BEARISH move until 41280 Demand zone.
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!!
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