BULLISH View:
If any Gap open and sustains above 42390 we can expect 42700 will be tested immediately there after reversal is possible.
Incase of Weakness closes below 42300 Resistance zone we can expect sideways move between 42160 and 42350 then Rally will continue.
Alternate view:
If 42160 compromises and Bank Nifty closes below then Down fall is expected and 41900 Demand zone will be tested. If this is also taken out sharp fall may expected.
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!!
If any Gap open and sustains above 42390 we can expect 42700 will be tested immediately there after reversal is possible.
Incase of Weakness closes below 42300 Resistance zone we can expect sideways move between 42160 and 42350 then Rally will continue.
Alternate view:
If 42160 compromises and Bank Nifty closes below then Down fall is expected and 41900 Demand zone will be tested. If this is also taken out sharp fall may expected.
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!!
