BankNifty Levels for Moday 18 th Sep

BankNifty is at crucial levels 46300-46400 area is big supply zone earlier it fell to 44000 level from here.On micro levels also it formed a double top pattern break above this double top and sustains shorts are invalid target mentioned in chart for longs.Any rejection on 46300-46400 will play short side entry, further levels to look for short entries are 46150 and 46050 area with negative price aciton on those levels.Marked out both targets for short and long in chart.If 3 number on chart breaks sustains lower target 4 will seen, 5 number above on chart will be seen if double top breaks and sustains.

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Weekly chart double top and at supply zone

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Daily Chart double top and at supply zone

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For intraday 18th Sep Monday Double top Pattern

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46000 area acting as support as of now

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Small stop loss at support area long entry

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100 points up now make it to breakeven or trail profits

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