Banknifty View and Support & Resistance Levels for Monday..
Expectation : Banknifty looks BULLISH for short term
Monday if any Flat/Gap down open, incase of any pull back to 41216 - We can look for BUY entry for Target 42000 Supply zone. Any breakout above 42011, 42500 / 43000 will be tested slowly.
Incase of weakness and closes below 40988, SELL pressure will come in Banknifty so We can take SELL entry for lower targets.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Expectation : Banknifty looks BULLISH for short term
Monday if any Flat/Gap down open, incase of any pull back to 41216 - We can look for BUY entry for Target 42000 Supply zone. Any breakout above 42011, 42500 / 43000 will be tested slowly.
Incase of weakness and closes below 40988, SELL pressure will come in Banknifty so We can take SELL entry for lower targets.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
