BANKNIFTY Intraday Intraday Trade Setup For 9 Mar 2022
Buy-Above 33300
Sl-33200
T-33500 33700 34000
Sell-Below 32990
Sl-33100
T-32800 32500 32200
BANKNIFTY has made a big bullish candle in daily TF. This is after many days that index has closed at day high. Some profit booking is taking place plus some buyers are getting in. We planned to short below 32350 and...
Bank nifty may take resistance from 37850 and round number resistance of 38000 is also there.
Support is around 37550 and 37320
Wait for it to either break or respect the levels
Support :- 37500,37320
Resistance:- 37850,38000-50
Hello Traders,
Following are my analysis:
More chances of Gap Down Opening.
Resistance Level :
1. Good Resistance Zone at 38200-300
2. Strongest Resistance at 38000.
3. Good Resistance at 37900.
4. Strong Resistance at 38200.
Support Level :
1. 37700 is Good Support Level .
2. 37000 is the Strongest Support Level .
3. 37500 is Strong Support Level .
Sideways...
Hope you all are fit and fine ... Stay Safe and Trade safe...!
BankNifty to Open Gap Down ...!
Resistance Level :
1. 32600 to 32700 is Strong level of Resistance, of which 32700 is strong level.
2. 33000 is other strongest Resistance level.
Support Level :
1. 32300 to 32400 next Support level .
2. If there is huge Gap Down and 32400 to 32300 level is broken...
In a perfect DESCENDING CHANNEL pattern,
Not advisable to go long unless 32400 is broken above will candle closing
Could be a reversal day tomorrow!!
WATCHOUT!! This chart posted says it all✅
Did exactly what we’ve discussed yesterday
~ breached 33600 and made a low of 33200 within 30 minutes of market opening 🔥
More than 400++ fall seen right from our levels ✅
And that take to some crucial levels i.e the level 33600 which previously acted as a SUPPORT will act as a strong RESISTANCE and new SUPPORT made is 33200
One must keep in mind that 33200...
