Banknifty - View & Intraday Levels for - 02 Jan 2023
Banknifty View and Support & Resistance Levels for Tomorrow..
Expectation : BEARISH / Negative Sentiment - Bearish Continuation
Bank Nifty made Reversal pattern on Monthly TF (Invented Hammer), however closed above the CPR. But by looking at Nifty it indicates the Down Trend So look to SELL entry at Resistance levels.
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 - Bearish Continuation
Bank Nifty made Reversal pattern on Monthly TF (Invented Hammer), however closed above the CPR. But by looking at Nifty it indicates the Down Trend So look to SELL entry at Resistance levels.
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!!
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