Nifty Bank IndexDiupdate Banknifty TradeSetup for 21-08-2023
Banknifty important levels to watch are as follows
#Support: 43735
Sell below: 43735 only on 15 minute candle closure below the level.
Target 1: 43520
Target 2: 43290
#Resistance: 43925
Buy Above: 43925 only on 15 minute candle closure Above the level.
Target 1: 44070
Target 2: 44281
#Demand Zone: 43730-43810 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.
#Supply Zone: 44000-44070 may act as an immediate selling zone, and price may reject from the region marked in red on the chart.
#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: 43735
Sell below: 43735 only on 15 minute candle closure below the level.
Target 1: 43520
Target 2: 43290
#Resistance: 43925
Buy Above: 43925 only on 15 minute candle closure Above the level.
Target 1: 44070
Target 2: 44281
#Demand Zone: 43730-43810 may act as a immediate buying zone, and price may bounce from the region marked in green on the chart.
#Supply Zone: 44000-44070 may act as an immediate selling zone, and price may reject from the region marked in red on the chart.
#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.
Catatan
.Catatan
A positive opening, No decisive movement yet.Catatan
Chart as per 5 min timeframe.
Catatan
Rejected from the supply zone, as explained in the idea description.
Catatan
Finally Target 1 reached, Slow movement.
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