Bank Nifty Intraday Analysis || Expiry Special Hero Zero Trade

Good Morning Everyone,

Guy's Banknifty has given huge momentum in last trading session, it has given good closing above 43700, and formed a bullish candlestick pattern with a long lower shadow on the daily timeframe. Banknifty is clearly saying you can buy on dips to me. There was a hurdle of 43700, which has got cleared in yesterday session. Now 44000 will be next hurdle for BankNifty. If i talk about today's Global Market, then it is showing mix to positive sentiment, Gift Nifty also indicating gap up opening, I think in case we see any profit booking in index and we get banknifty around 43636-43550, Then we should think to go long as Market itself saying buy me on dips. At least for today we can try.. MACD has also given positive crossover in yesterday session. let' s see how market is going to behave..We will act according to the levels.

Important levels for Banknifty:-

Intraday support zone 43500-43600
Intraday Resistance zone 43900-44000

Important Support Zone 43300
Important Resistance Zone 44500

Buy above 43892, if levels sustains at least for 30 Mints.
Target we can see in upside 44028/44146
Stop loss will be 43700

Sale below 43634, if levels sustains at least for 30 Mints.
Targets will be in downside 43497/43385
Keep stop loss at 43700

Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and 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.

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Thankyou.

Komentar:

Guy's lets take a trade:-

this is not a hero zero trade

Buy Banknifty 43400 ce now at 220
Keep stop loss at 133
Targets will be 275/301/350++

Same trade we have given to our Premium Members,,
Please go with less qty and follow strictly stop loss and targets.

Komentar:

kya bat hai,, what a moment 1st target has been done
Now trading at 285