Bank Nifty 04-07-2024 AnalysisHello Traders, Welcome to SriTrader5121
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Overall view for the day
Buy - with the support of Important_level
Sell - with the rejection of Important_level
Major Support - Around 5200##
Major Resistance - Around 5300##
See the price action at our zones, take the trade according to your Risk - Reward.
Happy Learning and Trading – SriTrader5121
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Rules to follow...
1) Wait for confirmation.
2) See the price action at our zones.
3) Trade with Strict Stop Loss.
4) Trade with Small Quantity.
5) Take entries based on Support & Resistance Zones.
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Please take the trade according to the zones marked, with Risk-Reward.
This is not a Buy or Sell recommendation to anyone.
Take entries based on your own analysis and risk.
This is for education purposes and a helping hand to learn trading in the live market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels / Zones. So one can book profit / loss based on your risk-reward or considering price action at the respective zone and how it works near that zone.
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Banknftyperfectanalysis
BankNifty Analysis/Prediction for tomorrow's expiry 07-07-2022NSE:BANKNIFTY Analysis/Prediction for tomorrow's expiry 07-07-2022
If market opens between 34150-34400 wait for the breakout
🟢 Upside target should be 34800, 35000
🔴 Downside target should be 33760
if market opens beyond 15920-16030
wait for price action and trade with direction.
Note:
Wait for the 5-minute candle to close for confirmation.
If market opens with big gap, always wait for price action.
BankNifty Daily Levels Update For Option Day TradingBankNifty Didnt touch its Support Because of Nifty as Nifty Taken Support on 16360 Banknifty also reverse
Tomorrow If BankNifty break Its Major Support 34715 the next support will be on 34060
Tomorrow If BankNifty break Its Upside First Resistance ( 35175 ) Next Upside First Target will be 35400 and 35700
Confirmation Of Trade - If any one Hour Candle Closes Above Resistance or Below Support
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