BANK NIFTY 10/05/23

Here are the levels for bank nifty to trade for tomorrow intraday. as u can today the price totally trading in the channel in the 1st half and in the 2nd half it gave a fake break out and by making the m pattern price came down. tomorrow we can see price may slightly go up to 0.5 level and then it might reverse form there and if it break down the 0.5 level then we can take a short trade with the volumes confirmation. and if the price breaks the 0.618 level then we can take the long side but with the less quantity and take the target at the 0.7 level. as u can on the 15MIN TF price making a lower low structure so try to be careful while taking long positions. and it is confirmed only when the price gets rejected form the 0.618 level. if the price breaks this level then the structure is not valid for atleast tomorrow.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.