Nifty Bank IndexShort
Banknifty - View & Intraday Levels for - 07 Dec 2022
Banknifty View and Support & Resistance Levels for Tomorrow..
Banknifty Showing weakness and Resistance on the higher side is getting stronger.
If opens flat in Banknifty - Look to take SELL entry at 43200 for Target of 43075 and below, incase any breakout above 43205 - 43265 will be tested and may reverse from there
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Banknifty Showing weakness and Resistance on the higher side is getting stronger.
If opens flat in Banknifty - Look to take SELL entry at 43200 for Target of 43075 and below, incase any breakout above 43205 - 43265 will be tested and may reverse from there
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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