Due to Budget week there will be very much volatility in Banknifty. As there had been already a pre budget rally we are expecting some consolidation before budget.
We had marked some levels as support and resistances for the next week where one can take buy sell trades.
Banknifty right now is at very important resistances and an upmove will be confirmed now only above 19950.
Resistance level for this week are- 19805/19945/20115/20250/20370.
Support level for this week are- 19585/19275/18995
**All level consider with +-15 range.
**We advise to take position on 15min chart level breaking candle high with a sl of 50 point and tgt next level or 100 points & if a 15 min candle after breaking the level close below the level then initiate trade with the high/low of that candle as sl in opposite direction with tgt 50/100 points, as considering it as false breakout.
We had marked some levels as support and resistances for the next week where one can take buy sell trades.
Banknifty right now is at very important resistances and an upmove will be confirmed now only above 19950.
Resistance level for this week are- 19805/19945/20115/20250/20370.
Support level for this week are- 19585/19275/18995
**All level consider with +-15 range.
**We advise to take position on 15min chart level breaking candle high with a sl of 50 point and tgt next level or 100 points & if a 15 min candle after breaking the level close below the level then initiate trade with the high/low of that candle as sl in opposite direction with tgt 50/100 points, as considering it as false breakout.
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watch Banknifty perfectly between the levels...
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Banknifty today done 19430 below 19590....
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watch the high made by banknifty exactly at our level....
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