Banknifty Intraday levels for 11/Sep/23

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

Note:- 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.

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Comment:

Targets done