Bank Nifty: Intraday: Demand and Supply Zones19000-19300 is a strong demand zone for this week. On the upside 19650-20450 is a strong supply zone.
As I have mentioned yesterday Bank Nifty is trading in the wide sideways range.
Bank Nifty is compared to weak. I will wait for the trend confirmation then only I will prefer to trade in the Bank Nifty. Right now I may avoid trading.
Support and Resistance
a post on demand of a well wisher through message jsw steel y views is to trade on levels ( positional bias short on rise , but intraday and as per market trend
one can play swngs .
simple demonstration of how basic support resistance are helpful
through ed arrow (resistance) while blue arrow (support)
hope one will find it useful and take benefits ( dua me yaad rakhna) .
Resistance zone for possible re-entry for shortThe two levels act as resistance zone . This zone is confluence of Fib 50% retracement level, 200 ema , trendline retest/resistance, and a broken support level which turned into resistance (this level held nicely during last bullish breakout retest, so strong support turned into strong resistance)