Nifty Bank Index
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Banknifty TradeSetup for 21-08-2023

215
Banknifty important levels to watch are as follows

#Support: 43735
Sell below: 43735 only on 15 minute candle closure below the level.
Target 1: 43520
Target 2: 43290



#Resistance: 43925
Buy Above: 43925 only on 15 minute candle closure Above the level.
Target 1: 44070
Target 2: 44281



#Demand Zone: 43730-43810 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.

#Supply Zone: 44000-44070 may act as an immediate selling zone, and price may reject from the region marked in red on the chart.


#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.

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Uwaga
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Uwaga
A positive opening, No decisive movement yet.
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snapshot

Chart as per 5 min timeframe.
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snapshot

Rejected from the supply zone, as explained in the idea description.
Uwaga
Finally Target 1 reached, Slow movement.

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