We can see consolidation in Bank NIfty in near Term (13/Sep/23)
Updated
Good Morning Traders,
Banknifty has witnessed a sell off after opening on higher and closed negative for the day. I think we might can see some consolidation in between 45800-45000 from short term perspective. Daily and hourly momentum indicator are providing divergence signals which could lead to a consolidation in near term.
Global market also looking mixed today. Yesterday FII'S has sold shares worth of 1047 crores, while DII'S bought 259 crores worth of stocks. We might can see negativity in indian market in today's session. But Still long term trend is positive guy's always look opportunity when you see any big intraday fall.
Intraday Levels for BankNifty:-
Support Zone 45000
Resistance Zone 45800
Buy above 45639, if levels sustains at least for 15 minutes.
Targets we can see in upside 45815/45968
Keep stop loss at 45351
Sale below 45351, if levels sustains at least for 15 minutes.
Targets we can see in downside 45139/44968
Keep stop loss at 45639
Note:- 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.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Banknifty has witnessed a sell off after opening on higher and closed negative for the day. I think we might can see some consolidation in between 45800-45000 from short term perspective. Daily and hourly momentum indicator are providing divergence signals which could lead to a consolidation in near term.
Global market also looking mixed today. Yesterday FII'S has sold shares worth of 1047 crores, while DII'S bought 259 crores worth of stocks. We might can see negativity in indian market in today's session. But Still long term trend is positive guy's always look opportunity when you see any big intraday fall.
Intraday Levels for BankNifty:-
Support Zone 45000
Resistance Zone 45800
Buy above 45639, if levels sustains at least for 15 minutes.
Targets we can see in upside 45815/45968
Keep stop loss at 45351
Sale below 45351, if levels sustains at least for 15 minutes.
Targets we can see in downside 45139/44968
Keep stop loss at 45639
Note:- 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.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
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