Banknifty Intraday Levels Analysis 16 July
Hello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone exists at 36200-400.
2. Strongest Resistance at 36000 .
3. Good Resistance at 36200
* Increasing resistance above 36000.
Support Level :
1. 35500 is Strongest Support Level .
2. 35000 is a Strong Support.
3. 35800-900 is Good Support Zone .
No Trade Zone : 35900-36000
Sideways Possibility:
More Sideways above 36000 to 35800 , if market sustains below 36000
* Imp Point:
Buy Above Violet Trend Line above 36000, Short Sell Below Violet Trend Line .
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
Following are my analysis:
Resistance Level :
1. Good Resistance Zone exists at 36200-400.
2. Strongest Resistance at 36000 .
3. Good Resistance at 36200
* Increasing resistance above 36000.
Support Level :
1. 35500 is Strongest Support Level .
2. 35000 is a Strong Support.
3. 35800-900 is Good Support Zone .
No Trade Zone : 35900-36000
Sideways Possibility:
More Sideways above 36000 to 35800 , if market sustains below 36000
* Imp Point:
Buy Above Violet Trend Line above 36000, Short Sell Below Violet Trend Line .
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
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