Banknifty Intraday levels for 11/07/23

11 jul 2023

Good morning Everyone.
Banknifty has traded yesterday in small range of falling channel, for today's all global indices looking greens(positive) today, i think we are gonna to see some pullback from these levels, if i talk about support in banknifty, then it is at 44700 and strong support zone is at 44360 levels. Let's see i think if anyone wants to buy there will be two levels to go long in it. first let it come somewhere 44700-44778 and then buy or buy once it crossed above level of 45100. Let's see where market is goes but scenario is positive for small move. I have already market all the best possible levels for banknifty i will write here too.

iMPORTANT LEVELS FOR BANKNIFTY:-

Buy above 45100 if levels sustain at least for 15 mints.
Targets we can see 45230/45359/45551.
Keep stop loss at 44869.
Support zone at 44778.

Sale below 44638 if levels sustain at least for 15 mints.
Target we can see 44530/44370.
Keep stop loss at 44869.
Resistance zone at 45070.

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

Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Please like, follow and comment your thoughts on my idea.
Thankyou.

Regards
Rahul Pal