Banknifty - View & Intraday Levels for - 27 Jan 2023

Banknifty View and Support & Resistance Levels for Tomorrow..

Expectation : BEARISH / Negative Sentiment. (SIDEWAYS / Range Market)

Banknifty likely to Open Flat, if any close above 41970 - then 42150 TC level will be tested and there we can look for SELL entry. Any rejection around 41975 we can anticipate SELL entry keeping SL 42150 - Target 41800 / 41600

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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