Banknifty Trade Setup for 23-06-2023
Updated
Currently, Banknifty faced a strong rejection from 44050-44000 levels and Banknifty has taken support at around 43680-43720 levels.
If banknifty breaks the resistance shown in the chart, upward momentum can be seen towards the targets marked.
If banknifty breaks the support zone shown in the chart, it is expected that banknifty may test 43350 level on the downside.
Trade with caution !!
Disclaimer: This is just a view only for educational purpose. Follow your trade setup before initiating any trade.
If banknifty breaks the resistance shown in the chart, upward momentum can be seen towards the targets marked.
If banknifty breaks the support zone shown in the chart, it is expected that banknifty may test 43350 level on the downside.
Trade with caution !!
Disclaimer: This is just a view only for educational purpose. Follow your trade setup before initiating any trade.
Note
Gap down opening expected, Banknifty is bearish below 43950Note
low made 43520
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