TraderRahulPal

Bank nifty intraday levels 27/Sep/23

NSE:BANKNIFTY   Nifty Bank Index
Good Morning Traders.
We saw a range bound market in Nifty and BankNifty since two days, Bank nifty has formed a inside Bar pattern on the daily chart. As market is oversold, we can expect a pull back towards 45000-45150 levels. Guy's Hourly chart also showing positive crossover, i think bullish moment is expected in banknifty, but global market is showing bearishness let's see how we are gonna to act, GIFT Nifty also indicating a negative opening.

Important levels for Banknifty:-

Strong Support Zone 44400
Strong Resistance Zone 45000

Buy above 44757, if levels sustains at least for 15 mints.
Targets we can see in upside 44879/44990
Keep stop loss at 44605

Sale below 44605, if levels sustains at least for 15 mints.
Target we can see in downside 44516/44415
Keep stop loss at 44757

Note:-
Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou


Best Regards,
Rahul Pal
(Full Time Trader & Investor)

Join Free telegram t.me/TraderRahulPal1

Contact us for High Accuracy above 85% Paid Trading Advisory & Portfolio Management Services & Learning Programmes.
Whatsapp:- +919560604457
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.