Banknifty Analysis Intraday Levels 5 July
Hello Traders,
Following are my analysis:
Resistance Level :
1. Strong Resistance Zone exists at 35200-35300.
2. Strongest Resistance at 35000 .
3. Stronger Resistance at 35500.
4. New immediate Resistance is 34900
* Increasing resistance above 35000.
Support Level :
1. 34500 is Strongest Support Level .
2. 34000 is a Strong Support.
3. 34700-800 is Good Support Zone .
Sideways Possibility:
More Sideways above 34800 to 35000 , if market sustains above 34800
No Trade Zone :
34800 - 34900
*Imp Point:
3 possible ways indicated by 3 different arrows.
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. Strong Resistance Zone exists at 35200-35300.
2. Strongest Resistance at 35000 .
3. Stronger Resistance at 35500.
4. New immediate Resistance is 34900
* Increasing resistance above 35000.
Support Level :
1. 34500 is Strongest Support Level .
2. 34000 is a Strong Support.
3. 34700-800 is Good Support Zone .
Sideways Possibility:
More Sideways above 34800 to 35000 , if market sustains above 34800
No Trade Zone :
34800 - 34900
*Imp Point:
3 possible ways indicated by 3 different arrows.
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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