Banknifty Intraday levels for 11/Sep/23

NSE:BANKNIFTY   Nifty Bank Index
Hello Traders, Good morning,

On Friday Bank Nifty maintained its uptrend for yet another session and surpassed the crucial 45000 mark. The index rallied 278 points to 45156 and formed a bullish candlestick with long upper and minor lower shadows on the daily charts.
After breaking out of the consolidation during the previous trading session it has witnessed follow- through buying interest. The momentum indicator has a positive crossover, which is a bullish sign. Overall, we expect the positive momentum to continue and expect targets of 45500 from a short-term perspective.

Important levels for Banknifty:-

Support zone 45000
Resistance zone 45500

Buy above 45383, if levels sustains at least for 15 mints.
Targets we can see in upside 45514/45646
Keep stop loss at 45111

Sale below 45111, if levels sustains at least for 15 mints.
Targets we can see in downside 44923/44791
keep stop loss at 45383

Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Targets done

Best Regards,
Rahul Pal
(Full Time Trader & Investor)

Join Free telegram

Contact us for High Accuracy above 85% Paid Trading Advisory & Portfolio Management Services & Learning Programmes.
Whatsapp:- +919560604457

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.