Banknifty levels for intraday 29/August/23Good Morning Mates.
Yesterday We have seen Higher highs and highers low formation in Banknifty. Mates Banknifty jumped 263 points to 44494.65 and formed a bullish candlestick pattern on the daily charts. Guy's keep watching 44500 levels, Because if banknifty is going to give successfully breakout of 44500 levels then we can see Banknifty towards 44714/44944+ levels just today or may be till tomorrow. Apart from this we have support zone at 44300/44150 in downside. So today 44500 will make for break levels. So just keep an eye on this levels.
Important levels for Banknifty:-
Support zone 44300/44150
Resistance zone 44700/44900
Buy above 44554, if levels got sustained at least for 30 Mints.
Targets we can see in upside 44717/44944+
Keep stop loss at 44313
Sale below 44313, if levels got sustained at least for 30 Mints.
Targets we can see in downside 44131/43938
Keep stop loss at 44554
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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