kiranrshinde

Banknifty Prediction Analysis Intraday Levels, 24 Aug

NSE:BANKNIFTY   NIFTY BANK
Hello Traders,
Following are my analysis:

Resistance Level :
1. Strong Resistance Zone at 35200-300.
2. Strongest Resistance at 35500.
3. Good Resistance at 35300.
4. Increasing Resistance above 35500.

Support Level :
1. 34800 is a Small Support Level .
2. 34800-900 Good Support Zone
3. 35000 is Strong Support Level .
4. 34500 is the Strong Support Level .

No Trade Zone:
35100-200

Sideways market:
35200-500 if sustains above 35200.

More chances of sideways market if;
1. Market sustains above 34970 - 34970 to 35200 .. in the first half
2. Market Breaks 34800 level than 34500 to 34800 .. in first half.

This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.

I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.

Comments

this very simplified analysis
+1 Reply
kiranrshinde electronicFlam52429
@electronicFlam52429,

THank you dear for the comment. :|
Reply