Banknifty levels for 8 Jun 2023

As we can see this, market is allowing profits to sellers only because of uptrend moves but very slowly (check daily chart) Retailers like us need to stay calm in this market specially for bank nifty. We can clearly see that market is not giving any huge opportunity to grab even breakout is not working properly. No matter it’s breakouts still premiums are not increasing as per our expectations.
44326 line is making triangle with the trend line, kindly focus it too. High chances to break the triangle.


For flat openings:

44326- Resistance
44155- Support 1
44038- Support 2

For gap down opening
43831- huge support
43592- Next support

For gap Up Openings

44482- the only resistance ( once it break open space is above it.


Folks remember the Risk to rewards.
Save your capital, it’s hard time for retailers.


Have a profitable day.