Bank Nifty possible levels for tomorrow 04/07/2023

3 Jul 2023

Hello Traders, how are you doing all of you, i hope everyone is making profits from the market. I wanna say thankyou to all of you guy's who always supporting me by likes and lovable comments on my ideas, and wanted to let you all knows that we have completed 1600+ followers on Tradingview.com, thankyou once again to all of you in completing this milestone.

Today again i am going to post my analyse on Banknifty, hope it will be beneficial to you guy's.

Market seems very very bullish now a days, everyday we are seeing new highs. if i talk about today's Banknifty and nifty was trading in a range after making new highs 19344 somewhere. let's focus on banknifty now. After today's session seems tomorrow we could see some profit booking in first half according to my price analysis. But 2nd half could be trending and tomorrow is fin nifty expiry also there. I will post on that also later on till evening. But for now if banknifty breaks tomorrow for below 45000 levels then we can see some fresh selling in that, and we can see some down levels towards 44700 some where.

But if bank if banknifty sustain the levels above 45248+ then we can see some buying opportunity in banknifty, that momentum can take banknifty towards 45378/45600+.
So i have marked all the levels on chart. So trade accordingly.
Always use stop loss in trading.

So, buy above if sustain 45248 levels.
and keep stop loss at 45000.

and Sale below if sustain 45000 levels.
and keep stop loss at 45248.

Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.

If anyone likes my work then definitely like my this idea and follow me for more updates and let me know your thoughts about this idea in comment box.
Thankyou,

Regards
Rahul Pal

4 Jul 2023

Catatan