Expiry Special Analysis on Bank Nifty || Hero Zero Trade Good Morning Everyone.
Banknifty Declined 252 points on last trading session due to profit booking in last hour and given closing at 45980, and formed a bearish candlestick pattern with a minor upper shadow on the daily timeframe. Today Global market looking mix to bearish side. We can also see kind of similar market in today's session. if bank nifty hold 45800-45750 levels in today's session, then we good to go towards all time in next few trading session, otherwise we can see nifty 45500 levels. According to me we can see buying somewhere support zone 45800. Let's see what is going to happen, we will just according to price action and OI data.
Important levels for Banknifty:-
Support zone 45750-45800
Strong support zone 45500
Resistance zone 46100-46200
Strong Resistance zone 46400
Buy above 46130, if levels sustains at least for 15 mints.
Targets we can see in upside 46251/46393+
keep stop loss at 45800
Sale below 45800, if levels sustains at least for 15 mints.
Targets we can see in downside 45691/45519
Keep stop loss at 46130
Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and 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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