kiranrshinde

Banknifty Prediction Analysis Intraday Levels, 12 Aug

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

Resistance Level :
1. Strong Resistance Zone at 36200-400
2. Strong Resistance at 36500
3. Good Resistance at 35800
4. Increasing resistance above 36500

Support Level :
1. 35600-700 is Good Support Zone .
2. 35700 is a small Support Level .
3. 35500 is Stronger Support Level .

No Trade Zone :
35700-800

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

Expecting BN to open gap up tomorrow and hit the strong resistance of 36200. The resistance trendline also matches the resistance zone in that case. Thanks for the post.
+1 Reply
@kvsaheed,

Even i had analyzed the same and explained in my video, hope you might have watched it.
Thank you for the comment.
Reply
kvsaheed kiranrshinde
@kiranrshinde, Wow! it touched 36200. Made some money today. Thanks again!!
+1 Reply
@kvsaheed,

Good to see that. Keep it up.
Reply