Nifty Bank Indexשורט
Banknifty - View & Intraday Levels for 15 Nov 2022
Banknifty Intraday levels for Tomorrow..
Expectation : Nifty takes a Pause and Banknifty looks very volatile after hitting all time High. So we can expect consolidation this week.
Banknifty aligned with Bearish sentiment, Tomorrow BN likely to Open Flat / Small Gap down from Close, if Banknifty Opens / closes above 42080 we can look for Long entry for 42225 - 1st Target any breakout above 42225 we can expect Target 1 & 2 will be tested.
If Banknifty trades below 41930 we can expect Bearish trend or may trade in Range between 41930 - 42090.
Incase shows weakness and closes below 41930 then lower levels are possible and probably 41700 will be tested.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Expectation : Nifty takes a Pause and Banknifty looks very volatile after hitting all time High. So we can expect consolidation this week.
Banknifty aligned with Bearish sentiment, Tomorrow BN likely to Open Flat / Small Gap down from Close, if Banknifty Opens / closes above 42080 we can look for Long entry for 42225 - 1st Target any breakout above 42225 we can expect Target 1 & 2 will be tested.
If Banknifty trades below 41930 we can expect Bearish trend or may trade in Range between 41930 - 42090.
Incase shows weakness and closes below 41930 then lower levels are possible and probably 41700 will be tested.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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