Good Morning Everyone
After opening on gap up, bank nifty wiped our around 200 points gain from day's high and closed higher by 310 points at 44202, with above average volume. Well index has formed bearish candlestick pattern n daily chart pattern because the closing was lower than the opening levels.
Market is on buying on dips. So in case you see any dip try to take in down and sale on high. World market is showing mix cues, Gift nifty is ready to give minor gap up opening.
Important levels for Banknifty:-
Intraday support zone 44000
Intraday resistance zone 44300
Important support zone 43800
Important resistance zone 45000
Buy above 44261, if levels sustains at least for 30 Mints
Targets we can see in upside 44381/44484
Keep stop loss at 44155
Sale below 44155, if levels sustains at least for 30 mints.
Targets we can see in downside 44049/43899
Keep stop loss at 44261
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.
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.
Thankyou
After opening on gap up, bank nifty wiped our around 200 points gain from day's high and closed higher by 310 points at 44202, with above average volume. Well index has formed bearish candlestick pattern n daily chart pattern because the closing was lower than the opening levels.
Market is on buying on dips. So in case you see any dip try to take in down and sale on high. World market is showing mix cues, Gift nifty is ready to give minor gap up opening.
Important levels for Banknifty:-
Intraday support zone 44000
Intraday resistance zone 44300
Important support zone 43800
Important resistance zone 45000
Buy above 44261, if levels sustains at least for 30 Mints
Targets we can see in upside 44381/44484
Keep stop loss at 44155
Sale below 44155, if levels sustains at least for 30 mints.
Targets we can see in downside 44049/43899
Keep stop loss at 44261
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.
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.
Thankyou
Best Regards,
Rahul Pal
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
Contact us for High Accuracy above 85% Paid Trading Advisory & Portfolio Management Services & Learning Programmes.
Whatsapp:- +919560604457
Rahul Pal
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
Contact us for High Accuracy above 85% Paid Trading Advisory & Portfolio Management Services & Learning Programmes.
Whatsapp:- +919560604457
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