Good Morning Traders,
Bank Nifty has formed Doji kind of candlestick pattern on the daily time frame, making lower highs and lower lows formation for second consecutive session. But good thing is that Banknifty have defended 44000 levels in intraday, it's a psychological support for Banknifty, Well today according to Gift Nifty market is ready to open on higher, let's see if levels are getting sustained or not. HDFC bank result has come very attractive, so there is higher chances we can see good recovery in Banking index, Any decisive closing above in 44800 in Bank nifty will open door for further upside in Bank nifty.
Important Levels for Bank Nifty:-
Intraday support zone 44000
Intraday resistance zone 44500
Strong Support zone 43600-43800-
Strong Resistance zone 44600-44800
Buy above 44454, if levels sustains at least for 30 Mints.
Targets we can see in upside 44579/44715
Keep stop loss at 44208
Sale below 44208, if levels sustains at least for 30 Mints.
Targets we can see in downside 44038/44883
Keep stop loss at 44454
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
Bank Nifty has formed Doji kind of candlestick pattern on the daily time frame, making lower highs and lower lows formation for second consecutive session. But good thing is that Banknifty have defended 44000 levels in intraday, it's a psychological support for Banknifty, Well today according to Gift Nifty market is ready to open on higher, let's see if levels are getting sustained or not. HDFC bank result has come very attractive, so there is higher chances we can see good recovery in Banking index, Any decisive closing above in 44800 in Bank nifty will open door for further upside in Bank nifty.
Important Levels for Bank Nifty:-
Intraday support zone 44000
Intraday resistance zone 44500
Strong Support zone 43600-43800-
Strong Resistance zone 44600-44800
Buy above 44454, if levels sustains at least for 30 Mints.
Targets we can see in upside 44579/44715
Keep stop loss at 44208
Sale below 44208, if levels sustains at least for 30 Mints.
Targets we can see in downside 44038/44883
Keep stop loss at 44454
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
Best Regards,
Rahul Pal
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
Contact us for High Accuracy above 85% Paid Trading Advisory & Portfolio Management Services & Learning Programmes.
Whatsapp:- +919560604457
Rahul Pal
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
Contact us for High Accuracy above 85% Paid Trading Advisory & Portfolio Management Services & Learning Programmes.
Whatsapp:- +919560604457
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