TraderRahulPal

Expiry Special Analysis on Bank Nifty || Hero Zero Trade

NSE:BANKNIFTY   Nifty Bank Index
Good Morning Everyone.
Banknifty Declined 252 points on last trading session due to profit booking in last hour and given closing at 45980, and formed a bearish candlestick pattern with a minor upper shadow on the daily timeframe. Today Global market looking mix to bearish side. We can also see kind of similar market in today's session. if bank nifty hold 45800-45750 levels in today's session, then we good to go towards all time in next few trading session, otherwise we can see nifty 45500 levels. According to me we can see buying somewhere support zone 45800. Let's see what is going to happen, we will just according to price action and OI data.

Important levels for Banknifty:-

Support zone 45750-45800
Strong support zone 45500

Resistance zone 46100-46200
Strong Resistance zone 46400

Buy above 46130, if levels sustains at least for 15 mints.
Targets we can see in upside 46251/46393+
keep stop loss at 45800

Sale below 45800, if levels sustains at least for 15 mints.
Targets we can see in downside 45691/45519
Keep stop loss at 46130


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 expecting some bounce back from here in market

so let's take 45500 ce now as hero zero
go with less qty
take now at 35
keep stop loss at 8
targets 65/91/135/175++
Comment:
or take positional trade in next week expiry
take28th sep banknifty 45500 ce now at 350
keep stop loss at 251
Targets 450/500/535++
again go with less qty
Comment:
Hello Guy's stop loss have got hit in both trade

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

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