Banknifty Intraday TradeSetup for 04-09-2023

Banknifty important levels to watch are as follows

#Support: 44400

Sell below: 44400 only on 15 minute candle closure below the level.
Target 1: 44200
Target 2: 43960




#Resistance: 44570

Buy Above: 44570 only on 15 minute candle closure Above the level.
Target 1: 44740
Target 2: 44960



#Demand Zone: 43700-43950 may act as a strong buying zone, and price may bounce from the region marked in green on the chart.

#Supply Zone: 44820-44960 may act as an immediate 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:

A positive Opening Above the resistance, Lets wait for 15 mins to sustain.

Comment:

Gap filled, and took support at the given support level

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