Banknifty - View & Intraday Levels for 18 Nov 2022
Bank Nifty Intraday levels for Tomorrow..
Bank Nifty - Unable to sustain above 42600 and there was sharp sell off in last 30 mins.
We can expect Gap down/Flat Open tomorrow, in that case 42480 will be the strong resistance and 42390-42350 is the support zone. If 42317 is compromised Target 1 will be tested.
Looks like Short term Bearish Trend Started.
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!!
Bank Nifty - Unable to sustain above 42600 and there was sharp sell off in last 30 mins.
We can expect Gap down/Flat Open tomorrow, in that case 42480 will be the strong resistance and 42390-42350 is the support zone. If 42317 is compromised Target 1 will be tested.
Looks like Short term Bearish Trend Started.
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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