Banknifty TradeSetup For 14-08-2023
Updated
BankNifty important Intraday levels to watch are as follows
Expectations: Trending Day
#Support: 44120
Sell below:44120 only on 15 minute candle closure below the level.
Target 1: 44020
Target 2: 44890
#Resistance: 44265
Buy Above: 44330- 44265 only on 15 minute candle closure Above the level aggressive buy above supply zone. No fresh positions to be initiated in the supply zone before the price breaks on either side of the supply zone.
Target 1: 44412
Target 2: 44572
#Supply Zone: 44330- 44410 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 stop loss in order to protect your capital.
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Expectations: Trending Day
#Support: 44120
Sell below:44120 only on 15 minute candle closure below the level.
Target 1: 44020
Target 2: 44890
#Resistance: 44265
Buy Above: 44330- 44265 only on 15 minute candle closure Above the level aggressive buy above supply zone. No fresh positions to be initiated in the supply zone before the price breaks on either side of the supply zone.
Target 1: 44412
Target 2: 44572
#Supply Zone: 44330- 44410 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 stop loss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
Trade closed: target reached
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