Banknifty Trade Setup for 03-07-2023

Banknifty Important intraday levels are as follows,

#Support: 44700
Short if 15 minute candle closes below 44700. Scalpers may use 5 minute candle closing.

#resistance: 44790
Long if 15 minute candle closes above 44790. Scalpers may use 5 minute candle closing.

#Targets on downside after break of support:
Target 1= 44600
Target 2= 44450

#Targets on upside after break of resistance:
Target 1= 44880
Target 2 = 45000

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Comment:

opened with a huge gap up. Now the resistance may act as a support.

Trade closed: target reached:

huge means huge, both the targets reached in few minutes in morning !!