Banknifty View and Support & Resistance Levels for Monday..
Expectation : BEARISH / Negative Sentiment. (SIDEWAYS)
Next week will be consolidation week between 41500 - 39900
My view in Nifty is 16800 in Feb Series, before that a small correction upto 17800 there after we can see BEAR trend continuation again. Similarly Banknifty will test 41500 there after BEAR trend will continue
So look for SELL entry around 41500 level.
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!!
Expectation : BEARISH / Negative Sentiment. (SIDEWAYS)
Next week will be consolidation week between 41500 - 39900
My view in Nifty is 16800 in Feb Series, before that a small correction upto 17800 there after we can see BEAR trend continuation again. Similarly Banknifty will test 41500 there after BEAR trend will continue
So look for SELL entry around 41500 level.
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!!
