Banknifty Trade Setup for 05-07-2023

BankNifty Important intraday levels to watch for 05-07-2023

#Current price: 45283

#Support: 45230
Short if candle closes below 45230.

#resistance: 45400
Long if candle closes above 45400.

#Targets on downside after break of support.
Target 1= 45000
Target 2= 44880
Target 3= 44700

#Targets on upside after break of resistance.
Target 1= 45650
Target 2 = 45920


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Comentarios:

Market is getting squeezed, a major movement can be expected anytime now.

Wait patiently and act only according to the levels.


Note: Never trade without stoploss in order to protect the capital.