Banknifty Analysis Intraday Levels 7 July
Hello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone exists at 35700-800 and 36200-300.
2. Strongest Resistance at 36000 .
3. Strong Resistance at 35700.
* Increasing resistance above 35700.
Support Level :
1. 35000 is Strongest Support Level .
2. 34500 is a Strong Support.
3. 35200-400 is Good Support Zone .
Sideways Possibility:
More Sideways above 35500 to 35700 , if market sustains above 35500
No Trade Zone :
35400 - 35500
*Imp Point:
Sell below Trend Line and at reversal from Resistance level shown.
Buy above Trend Line at 35550 levels.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
Following are my analysis:
Resistance Level :
1. Good Resistance Zone exists at 35700-800 and 36200-300.
2. Strongest Resistance at 36000 .
3. Strong Resistance at 35700.
* Increasing resistance above 35700.
Support Level :
1. 35000 is Strongest Support Level .
2. 34500 is a Strong Support.
3. 35200-400 is Good Support Zone .
Sideways Possibility:
More Sideways above 35500 to 35700 , if market sustains above 35500
No Trade Zone :
35400 - 35500
*Imp Point:
Sell below Trend Line and at reversal from Resistance level shown.
Buy above Trend Line at 35550 levels.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
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