Banknifty Intraday TradeSetup for 04-09-2023
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Banknifty important levels to watch are as follows
#Support: 44400
Sell below: 44400 only on 15 minute candle closure below the level.
Target 1: 44200
Target 2: 43960
#Resistance: 44570
Buy Above: 44570 only on 15 minute candle closure Above the level.
Target 1: 44740
Target 2: 44960
#Demand Zone: 43700-43950 may act as a strong buying zone, and price may bounce from the region marked in green on the chart.
#Supply Zone: 44820-44960 may act as an immediate selling zone, and price may reject from the region marked in red on the chart.
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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#Support: 44400
Sell below: 44400 only on 15 minute candle closure below the level.
Target 1: 44200
Target 2: 43960
#Resistance: 44570
Buy Above: 44570 only on 15 minute candle closure Above the level.
Target 1: 44740
Target 2: 44960
#Demand Zone: 43700-43950 may act as a strong buying zone, and price may bounce from the region marked in green on the chart.
#Supply Zone: 44820-44960 may act as an immediate selling zone, and price may reject from the region marked in red on the chart.
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
Note
A positive Opening Above the resistance, Lets wait for 15 mins to sustain.Note
Gap filled, and took support at the given support level
Note
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