Nifty Bank Index

BANK NIFTY INTRADAY LEVELS FOR 09/08/2024

264
BUY ABOVE - 50250
SL - 50100
TARGETS - 50420,50570,50740

SELL BELOW - 50100
SL - 50750
TARGETS - 49880,49700,49530

NO TRADE ZONE - 50100 to 50250

Previous Day High - 50420
Previous Day Low - 49880

Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.

Please NOTE: this levels are for intraday trading only.

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