Bullish Bank NIfty Levels for today 08/SepGood Morning Everyone,
Guy's Bank Nifty bounced back sharply after two days of correction and jumped 469 points or 1 percent to 44878, by taking support, as expected, at 44200 levels. The index has formed a long bullish candlestick pattern on the daily scale and got firmly back above the downward-sloping resistance trendline, which is a positive sign.
The index successfully closed above the previous day's high, establishing a bullish undertone for the near term. The Bank Nifty index has the potential to reach upside targets in the range of 45200 to 45500.
Important levels for Banknifty:-
Important support zone 44500-44400
Intraday support zone 44630
Important Resistance zone 45400-45500
Intraday Resistance zone 44150
Buy above 44935, if levels sustains at least for 30 Mints.
Targets we can see in upside 45108/45287
Keep stop loss at 44630
Sale below 44630, if levels sustains at least for 30 mints.
Targets we can see in downside 44385/44167
Keep stop loss at 44935
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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