Banknifty TradeSetup For 08-08-2023
Updated
BankNifty important intraday levels to watch for 07-08-2023
#Support: 44800
Short if candle closes below 44800
#resistance: 45000
Long if candle closes above 45000
#Targets on downside after break of support.
Target 1= 44630
Target 2= 44400
#Targets on upside after break of resistance.
Target 1= 45135
Target 2= 45360
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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Queries will be answered in comment section.
#Support: 44800
Short if candle closes below 44800
#resistance: 45000
Long if candle closes above 45000
#Targets on downside after break of support.
Target 1= 44630
Target 2= 44400
#Targets on upside after break of resistance.
Target 1= 45135
Target 2= 45360
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.
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.
Note
markets may open with negative trendNote
sideways day...no trade opportunity.
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