Banknifty Intraday View for 10th Jan
Banknifty view for 10th Jan.
#Bullishview
1) If it breaks current resistance level close above 42630 we can see up-move till next Resistance1/Target1 at 42840 to 42880 levels. If there is no rejection at this level then next target is around 43000.
#Bearish view
1) If it won't break current resistance level then the Support1/Target1 is 42400-42360 level, if it also breaks then small support at 42240.
2) If 42240 also breaks then next Support3/Target3 is 41950-41900 level.
Note:-
Always keep in mind that in up-move if it breaks current resistance level and reach R1/T1 then current resistance becomes as support for R1, and same if it breaks R1 as well and reaches R2/T2 level then R1 becomes as Support1 and Resistance line becomes as support2.
Same as if fall down below S1 and reaches S2 level then S1 becomes as Resistance level for S2.
#Bullishview
1) If it breaks current resistance level close above 42630 we can see up-move till next Resistance1/Target1 at 42840 to 42880 levels. If there is no rejection at this level then next target is around 43000.
#Bearish view
1) If it won't break current resistance level then the Support1/Target1 is 42400-42360 level, if it also breaks then small support at 42240.
2) If 42240 also breaks then next Support3/Target3 is 41950-41900 level.
Note:-
Always keep in mind that in up-move if it breaks current resistance level and reach R1/T1 then current resistance becomes as support for R1, and same if it breaks R1 as well and reaches R2/T2 level then R1 becomes as Support1 and Resistance line becomes as support2.
Same as if fall down below S1 and reaches S2 level then S1 becomes as Resistance level for S2.
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