Banknifty View and Support & Resistance Levels for Tomorrow..
Expectation : BEARISH / Negative Sentiment = Strong BEARISH
Banknifty is bit strong when comparing with Nifty however it is trading all time high and tested 44000. So we can expect small correction in the trend before it makes the next up moved. So being expiry tomorrow we can expect good fall. Any close above 44125 we can expect Rally on the higher side.
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 = Strong BEARISH
Banknifty is bit strong when comparing with Nifty however it is trading all time high and tested 44000. So we can expect small correction in the trend before it makes the next up moved. So being expiry tomorrow we can expect good fall. Any close above 44125 we can expect Rally on the higher side.
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!!
