Banknifty Trade Setup for 05-07-2023
Updated
BankNifty Important intraday levels to watch for 05-07-2023
#Current price: 45283
#Support: 45230
Short if candle closes below 45230.
#resistance: 45400
Long if candle closes above 45400.
#Targets on downside after break of support.
Target 1= 45000
Target 2= 44880
Target 3= 44700
#Targets on upside after break of resistance.
Target 1= 45650
Target 2 = 45920
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#Current price: 45283
#Support: 45230
Short if candle closes below 45230.
#resistance: 45400
Long if candle closes above 45400.
#Targets on downside after break of support.
Target 1= 45000
Target 2= 44880
Target 3= 44700
#Targets on upside after break of resistance.
Target 1= 45650
Target 2 = 45920
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea.
Queries will be answered in comment section.
Note
Market is getting squeezed, a major movement can be expected anytime now. Wait patiently and act only according to the levels.
Note: Never trade without stoploss in order to protect the capital.
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