Banknifty - View & Intraday Levels for - 26 Dec 2022

NSE:BANKNIFTY   Nifty Bank Index
Banknifty View and Support & Resistance Levels for Tomorrow..

Expectation : BEARISH / Negative Sentiment = BEARISH but some sort of Short covering rally can be expected.

Nifty broke the higher timeframe trend line support, which is a clear sign of Down trend and it can go upto 17200 level which is also impacts the Niftybank.

We have Higher TF trend line support in Banknifty, incase if that breaks on lower side Banknifty would fall more and there is high chance that 40000 will be tested in the upcoming.

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.

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