Banknifty Trade Setup for 17-07-2023

BankNifty Important intraday levels to watch for 17-07-2023


#Support: 44790
Short if candle closes below 44790

#resistance: 44920
Long if candle closes above 44920


#Targets on downside after break of support.
Target 1= 44560
Target 2= 44420

#Targets on upside after break of resistance.
Target 1= 45090
Target 2= 45315
Target 3= 45420

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Komentarz:

Banknifty managed to breach the support. Currently, trading in a narrow range. Watch the levels patiently and keep trailing SL.

Komentarz:

after bouncing back sharply from the support...banknifty broken out from the resistance marked and achived target 1 on upside.

44920 to 45100 ... 120 points gained successfully !

Komentarz:

banknifty almost achieved second target too

Komentarz:

44920 to 45300 ... 380 points in one go !!

Komentarz:

44920 to 45556... 636 points rally captured.

Reason behind the rally is