Banknifty TradeSetup for 06-10-2023

BankNifty important levels to watch are as follows

#Support: 44180

Sell below: 44180 only on 15 minute candle closure below the level.
Target 1: 44050
Target 2: 43850


#Resistance: 44390

Buy Above: 44390 only on 15 minute candle closure Above the level.
Target 1: 44525
Target 2: 44740



=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.

=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.



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=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.

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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.

Comentário:

Gap up opening, RBI policy update will be at 10 AM, no aggressive trading till 10:30 AM

Comentário:

supply zone playing its role perfectly.

Comentário:

new demand zone remain intact.