Bank nifty Intraday levels for 31.03.2023

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Resistance level:39952
Support level : 39676

****Fib Retracement levels will act as the support or resistance****

If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart.

If candles are sustaining between resistance and support levels, consider as neutral.

If candles are sustaining or break below support level , we can expect downside move and the targets will be fib retracement levels as per chart.

If gap up or gap down opening, fib retracement levels will act as the support or resistance.

*** For quick scalping use 5-minute time frame*****

Note: Pls check my previous day ideas for back testing & better understanding

Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.

Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research

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New support and resistance levels