Banknifty Intraday levels 01/Sep/23

2023年9月1日

Good Morning Traders.
In yesterday sessions Banks played a key role in driving the market on the downside for yet another session. Bank NIfty fell below 44000, down 243 points at 43989 and formed a bearish candlestick pattern on the daily timeframe. Broader Market is doing good just Indian Market doing blood bath. Well we have seen a strong Volume addition in last one hour of trading. Let's see if today we can see some recovery in indian market.

Important levels for Banknifty:-

Support zone 43800-43900
Resistance zone 44100-44200

Buy above 44172, if levels sustains at least for 30 mints.
Targets we can see for upside 44365/44497
Keep stop loss at 44044

Sale below 43893, if levels sustains at least for 30 Mints.
Targets we can see in downside 43760/43640
Keep stop loss at 44044

Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou

2023年9月1日

ノート