Banknifty TradeSetup For 11-08-2023

BankNifty important Intraday levels to watch are as follows

Expectations: Trending Day

#Support: 44420

Sell below: 44420 only on 15 minute candle closure below the level.
Target 1: 44230
Target 2: 44050

#Resistance: 44605

Buy Above: 44605 only on 15 minute candle closure Above the level agressive buy above supply zone.
Target 1: 44820
Target 2: 45050



#Supply Zone: 44600-44680 may act as a 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:

Trade closed: target reached