Banknifty TradeSetup For 10-08-2023

BankNifty important Intraday levels to watch are as follows

Expectations: Volatile day

#Support:44760

Sell below: 44760 only on 15 minute candle closure below the level. agressive sell below demand zone.
Target 1: 44520
Target 2: 44280

#Resistance: 44920

Buy Above: 44920 only on 15 minute candle closure Above the level agressive buy above supply zone.
Target 1: 45120
Target 2: 45380

#Demand Zone:44520-44615 may act as a buying zone and price may bounce from the region marked in green on the chart.

#Supply Zone: 44990-45080 may act as a selling zone and price may reject from the region marked in red on the chart.


#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.

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Comment:

Target 1 Hit !

Comment:

As expected. Very volatile day ...bounced back from the demand zone marked on the chart.

Trade closed: target reached