Bank Nifty was moving between two important levels as shown on hourly chart.47379.30 and 4768.45 are the two levels. 08 Jan 2024 low was made on 15:00 pm candle at 47387.45 and on 09 Jan 2024 high was made at 47939.30. Yesterday after the high and gap up before at the open all gains were surrender by it and we closed below the important level of 47379.30. The close is 47242.65.
Today we need to watch 47379.30 to be sustained for the day for any recvery on the index.
Downside we have to watch another major level of 46890.20. 21 Dec 2023 low on 9:00 am candle is 46919.70. 13 Dec 2023 low is 46886.90 at 10: am candle.09 Dec 2023 low on 9:00 am candle is 46507.15.
Use all the levels on chart with discipline to get maximum profits.
Happy Trading !!!
N.B. With all usual disclaimers as applicable as per the reach of this platform. Not an trading advise.
Today we need to watch 47379.30 to be sustained for the day for any recvery on the index.
Downside we have to watch another major level of 46890.20. 21 Dec 2023 low on 9:00 am candle is 46919.70. 13 Dec 2023 low is 46886.90 at 10: am candle.09 Dec 2023 low on 9:00 am candle is 46507.15.
Use all the levels on chart with discipline to get maximum profits.
Happy Trading !!!
N.B. With all usual disclaimers as applicable as per the reach of this platform. Not an trading advise.