ViVenTraders

Banknifty - View & Intraday Levels for 12 Sep 2022

Long
NSE:BANKNIFTY   Nifty Bank Index
Banknifty Levels for Tomorrow..

Expectation : BULLISH Continuation - Sideways/Volatile

Global Markets are Positive, which indicates the Gap up Open in Banknifty around 40600.

Wait for first five minutes candle close, If low breaks CPR level will be out long entry point. Incase 5m high taken out price will stay at 40640 for sometime and then it will rally to test Target 1 and 2 levels.

Entry Levels are,

Gap up Open - Buy at BULL BO
Gap down Open - 40304 Buy Rev / PDL Support
Flat Open - 40461 CPR level


If 40235 is compromised, we can see BEARISH move in Banknifty

Refer the c

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