Banknifty - View & Intraday Levels for - 19 Jan 2023 (Expiry)
Expectation : BULLISH / Positive Sentiment - Flat / small Gap Up Open around 42500 and we can see pull back to CPR 42378 then Rally up to 42700. Being expiry Premium decay will be high. So don't rush to take entry.
Tomorrow we can expect BULLISH move in the first half and fall during 2nd Half. My plan is going short after 1:30 Pm around 42700 / 42900 level
However I still see Negative sentiment in Nifty & Banknifty , so once 42700 / 42900 is tested probably reversal can be seen since the Major trend is BEARISH until Banknifty closes Strongly above 42950
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!!
Tomorrow we can expect BULLISH move in the first half and fall during 2nd Half. My plan is going short after 1:30 Pm around 42700 / 42900 level
However I still see Negative sentiment in Nifty & Banknifty , so once 42700 / 42900 is tested probably reversal can be seen since the Major trend is BEARISH until Banknifty closes Strongly above 42950
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!!
