Banknifty Expiry TradeSetup for 06-09-2023
Updated
Banknifty important levels to watch are as follows
#Support: 44445
Sell below: 44445 only on 15 minute candle closure below the level.
Target 1: 44320
Target 2: 44200
#Resistance: 44575
Buy Above: 44575 only on 15 minute candle closure Above the level.
Target 1: 44650
Target 2: 44780
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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#Support: 44445
Sell below: 44445 only on 15 minute candle closure below the level.
Target 1: 44320
Target 2: 44200
#Resistance: 44575
Buy Above: 44575 only on 15 minute candle closure Above the level.
Target 1: 44650
Target 2: 44780
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
Note
for a major movement need to break the demand and supply zones marked on the chart in green and red boxes respectively.
Note
Price Rejected from the supply zone, this may happen as long as banknifty is trading within the zones.
Note
almost close to target 1 after break of support and demand zone. This way price action concepts allow us to stay on the right side of the markets.
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Note
breakdown from the bearish flag and Target 1 reached !!
Note
low made 44208, almost achieved second target too !!
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