TraderRahulPal

Banknifty Intraday levels || Expiry Day special Hero Zero Trade

Long
NSE:BANKNIFTY   Nifty Bank Index
Good Morning Traders,

In monday session Banknifty was totally under pressure for the entire session, falling 105 points to settle at 43891. Banknifty tried inching towards 44000 mark, but remained unsuccessful, which is expected to be crucial resistance for further up move towards 44500 levels. But As America has given a huge closing on yesterday session we can see some bullish momentum in coming days. SGX nifty is suggesting huge gap up opening, seems banknifty should open above 43400, but you do not have to worry about, let the market settle first, once banknifty come in between 44300-44200, try to accumulate and go long with the target of 44500/44600/44700+

Important levels for Bank nifty:-

Intraday support zone 43800
Intraday resistant zone 44300

Important support zone 43500
Important resistant zone 44500

Buy above 44039, if levels sustains at least for 30 Mints
Targets we can see in upside 44255/44515/44749
Keep stop loss at 43861

Note:-
Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and 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.

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Thankyou.
Comment:
guy's let's go long in banknifty

Buy 15th nov 44100 ce now at 230
keep stop loss at 130
Targets will be 285/325/375++

go with max 3 lot and exit according to targets.
Comment:
Guy's hold with given stop loss
Comment:
Guy's our stop loss got done, but this is exactly a best buying zone..
Comment:
Guy's lets try hero zero trade with less qty

Seems market has taken support so there is higher probability for this trade.

Take 44300 ce now at 19
stop loss will be 0
Targets 40/60/85+

Guy's whenever ay target comes try to exit some qty.

All the best

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

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