Banknifty - View & Intraday Levels for - 16 Jan 2023
Bank Nifty View and Support & Resistance Levels for Tomorrow..
Expectation : BULLISH / Positive Sentiment - Flat / Gap Up Open around 42400 and BULLISH Continuation expected Up to 42700 level.
I still see Negative sentiment in Nifty & Banknifty, however tomorrow is going to be BULLISH and reversal can be expected from 42750 since the Major trend is BEARISH .
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers 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 : BULLISH / Positive Sentiment - Flat / Gap Up Open around 42400 and BULLISH Continuation expected Up to 42700 level.
I still see Negative sentiment in Nifty & Banknifty, however tomorrow is going to be BULLISH and reversal can be expected from 42750 since the Major trend is BEARISH .
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers 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!!
