Banknifty - View & Intraday Levels for 10 Nov 2022
Banknifty Intraday levels for Tomorrow..
Expectation : Flat / Gap Up Open is expected, Market sentiment is strongly Bullish until 42300. Last hour sell off is just a profit booking.
Banknifty likely to Open Flat / small Gap Up, If opens above 41800 or closes above we can expect sideways move for sometime then it will shoot up. Look to Buy when there is a pull back. Any breakout above 41850 we can expect Target 1 & 2. 42200 will be tested.
In case 41650 is compromised we can expect lower targets and BEAR trend will start in Banknifty along with Nifty.
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!!
Expectation : Flat / Gap Up Open is expected, Market sentiment is strongly Bullish until 42300. Last hour sell off is just a profit booking.
Banknifty likely to Open Flat / small Gap Up, If opens above 41800 or closes above we can expect sideways move for sometime then it will shoot up. Look to Buy when there is a pull back. Any breakout above 41850 we can expect Target 1 & 2. 42200 will be tested.
In case 41650 is compromised we can expect lower targets and BEAR trend will start in Banknifty along with Nifty.
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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