santubittu

Bank Nifty Support Resistance For 10Nov23

Long
NSE:BANKNIFTY   Nifty Bank Index

Support Levels:
1. 43656: This is the initial support level. If the market opens gap up, it could find support around this level.
2. 43584: Another support level to monitor.

Resistance Levels:
1. 43799: This is the first resistance level. If the market opens gap down, this level may act as resistance.
2. 43920: A significant resistance level to watch for.

Important Notes:
- As with any trading, it's essential to consider other factors such as news events, economic data, and global events that can influence the market.
- Market conditions can change rapidly, so having a well-defined trading strategy and using risk management tools, like stop-loss orders, is crucial to manage potential losses.
- Pay attention to price action and technical indicators to confirm potential breakouts and reversals.
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.