Bullish Bank NIfty Levels for today 08/Sep

2023年9月8日

Good Morning Everyone,

Guy's Bank Nifty bounced back sharply after two days of correction and jumped 469 points or 1 percent to 44878, by taking support, as expected, at 44200 levels. The index has formed a long bullish candlestick pattern on the daily scale and got firmly back above the downward-sloping resistance trendline, which is a positive sign.
The index successfully closed above the previous day's high, establishing a bullish undertone for the near term. The Bank Nifty index has the potential to reach upside targets in the range of 45200 to 45500.

Important levels for Banknifty:-

Important support zone 44500-44400
Intraday support zone 44630

Important Resistance zone 45400-45500
Intraday Resistance zone 44150

Buy above 44935, if levels sustains at least for 30 Mints.
Targets we can see in upside 45108/45287
Keep stop loss at 44630

Sale below 44630, if levels sustains at least for 30 mints.
Targets we can see in downside 44385/44167
Keep stop loss at 44935

Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou

2023年9月8日

註釋

After opening in gap up banknifty have come down and then taken support and it has made our first target done..
Now it is ready to go towards our 2nd target 45287+