Bank Nifty - Intraday Levels for 06 Sep 2022

NSE:BANKNIFTY   Nifty Bank Index
Banknifty Levels for Tomorrow..

Sentiment : Positive
Expectation : Moderately BULLISH

Banknifty is forming Raising wedge pattern, High probability is to take a BULLISH move. If the lower trendline is compromised we can see down move.

Tomorrow if any Gap up open and Pull back to 39693 - CPR we can look for long entry. Any breakout of upper Trendline 40000 will be tested. So buying levels are 1) CPR zone and 2) Trendline Breakout retracement at PDH

If 40000 holds good, we can see further up move in Banknifty.

Refer the chart for detailed Intraday Support and Resistance levels.

Happy Trading!!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.