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Bank Nifty - View and Levels for 07 Nov 2022
Banknifty Intraday levels for Tomorrow..
Expectation : Big Gap Up Open is expected above 41500, Market sentiment is strongly Bullish for next week.
Banknifty likely to Open with Big Gap Up, If any pull back to 41370 Resistance zone we can look for long entry. Incase any strong momentum seen and closes above PDH then Previous day High is where we can take Long entry. Any breakout above 41535 we can expect Target 1 and 2 levels.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Expectation : Big Gap Up Open is expected above 41500, Market sentiment is strongly Bullish for next week.
Banknifty likely to Open with Big Gap Up, If any pull back to 41370 Resistance zone we can look for long entry. Incase any strong momentum seen and closes above PDH then Previous day High is where we can take Long entry. Any breakout above 41535 we can expect Target 1 and 2 levels.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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