BankNifty Advance Trading Analysis (5-Minute Timeframe):

BankNifty Trading Analysis (5-Minute Timeframe):

1. Orange Level (52,005.70):

This level is a critical point for observing price action.

Scenario 1: If price sustains above this level, it can act as a support, indicating a buying opportunity.

Scenario 2: If price breaks below this level, it may act as a resistance, suggesting selling opportunities.



2. Red Levels (52,296.85 and 52,171.15):

These are selling levels (resistance zones).

At these levels, only selling trades should be considered.



3. Green Levels (51,864.95 and 51,759.55):

These are buying levels (support zones).

At these levels, only buying trades should be executed.




Trading Tip:
Always wait for a breakout confirmation and monitor price action closely near the levels. Follow proper risk management and use stop-loss to protect capital.