Banknifty - View & Intraday Levels for - 05 Jan 2023
Banknifty View and Support & Resistance Levels for Tomorrow..
Expectation : BEARISH / Negative Sentiment - Flat / Small Gap up Open from Close and BEARISH Reversal from CPR 43132.
Currently Nifty is trading below monthly CPR and there was strong rejection today which indicates the BEARISH move in the upcoming days.
But Banknifty is trying to hold above monthly CPR, if incase 42900 is taken out on the lower side we can expect Down fall and probably 42400 will be the next support zone
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Expectation : BEARISH / Negative Sentiment - Flat / Small Gap up Open from Close and BEARISH Reversal from CPR 43132.
Currently Nifty is trading below monthly CPR and there was strong rejection today which indicates the BEARISH move in the upcoming days.
But Banknifty is trying to hold above monthly CPR, if incase 42900 is taken out on the lower side we can expect Down fall and probably 42400 will be the next support zone
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
