kiranrshinde

Banknifty Prediction Intraday Levels Analysis, 23 Aug

Short
NSE:BANKNIFTY   NIFTY BANK
Hello Traders,
Following are my analysis:

Resistance Level :
1. Strong Resistance Zone at 35100-200.
2. Strongest Resistance at 35500.
3. Good Resistance at 35300.
4. Increasing Resistance above 35500.

Support Level :
1. 34800 is a Small Support Level .
3. 35000 is Strong Support Level .
4. 34500 is the Strong Support Level .

No Trade Zone:
34970-35100

Sideways market:
More chances of sideways market if;
1. Market sustains above 34970 - 34970 to 35200 .. in the first half
2. Market Breaks 34800 level than 34500 to 34800 .. in first half.

This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.

I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.

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