Banknifty View and Support & Resistance Levels for Tomorrow..
There was strong Rally from 42990 around 300 Points and Banknifty closed above next day CPR with BULLISH Sentiment.
Banknifty likely to Open Gap up tomorrow more than 0.5% around 43400. Any close above 43415, 43500 will be tested quickly and if 43500 is also taken out then Target 1 - will be tested. BN looks very strong and probably 43700 is expected tomorrow.
If incase Banknifty shows weakness and closes below 43120, Lower targets are possible and BEARISH trend will get started.
At Buyers zone we can look for BUY entry and SELL entry at Sellers area.
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!!
There was strong Rally from 42990 around 300 Points and Banknifty closed above next day CPR with BULLISH Sentiment.
Banknifty likely to Open Gap up tomorrow more than 0.5% around 43400. Any close above 43415, 43500 will be tested quickly and if 43500 is also taken out then Target 1 - will be tested. BN looks very strong and probably 43700 is expected tomorrow.
If incase Banknifty shows weakness and closes below 43120, Lower targets are possible and BEARISH trend will get started.
At Buyers zone we can look for BUY entry and SELL entry at Sellers area.
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!!
