Nifty Bank IndexLong
Bank Nifty - Intraday Levels for 01 Nov 2022
Banknifty Intraday levels for Monday..
Expectation : Flat / small Gap Up Open around 41370 or above
Nifty is closing above 18000 is a positive sign for Banknifty. Tomorrow if any breakout above 41370 on the opening we can expect Strong up Move. Incase any pull back to CPR / 41250 level we can possibly Go long and 1st Target is 41365. We have two Strong Resistances one at 41375 & 41500 where Banknifty may find difficult to break. Any breakout above we can expect Target 1 & 2 will be tested.
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 : Flat / small Gap Up Open around 41370 or above
Nifty is closing above 18000 is a positive sign for Banknifty. Tomorrow if any breakout above 41370 on the opening we can expect Strong up Move. Incase any pull back to CPR / 41250 level we can possibly Go long and 1st Target is 41365. We have two Strong Resistances one at 41375 & 41500 where Banknifty may find difficult to break. Any breakout above we can expect Target 1 & 2 will be tested.
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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