BankNifty Trade Setup for 31-07-2023

BankNifty important intraday levels to watch for 31-07-2023


#Support: 45240
Short if candle closes below 45240

#resistance: 45500
Long if candle closes above 45500


#Targets on downside after break of support.
Target 1= 45040
Target 2= 45800

#Targets on upside after break of resistance.
Target 1= 45670
Target 2= 45790
Target 3= 45980

Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.

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Queries will be answered in comment section.

Comment:

Resistance breakout ...Use strict SL and keep it trailing.

Comment:

expected scenario ..keep strict SL at 45470

Comment:

First target on the upside achieved successfully !!

Comment:

just as planned !!

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Trade closed: target reached