Bank Nifty Expiry Special Analysis for 13th July 2023
Updated
Bank Nifty Current Level - 44639
Upside Resistance - 44780
Downside Crucial Support - 44600
In Bank Nifty, wait for market to sustain above 44780, if market breaks above this keep trailing stoploss till 44900, 45000 and 45150
On downside, wait for market to sustain below 44600 which is a crucial support, if market breaks below it keep trailing stoploss till 44450, 44315
Execute only after break and close above or below from resistance level or support level at 5-minute candle.
Important - Realize that this is all for educational purpose only.
Upside Resistance - 44780
Downside Crucial Support - 44600
In Bank Nifty, wait for market to sustain above 44780, if market breaks above this keep trailing stoploss till 44900, 45000 and 45150
On downside, wait for market to sustain below 44600 which is a crucial support, if market breaks below it keep trailing stoploss till 44450, 44315
Execute only after break and close above or below from resistance level or support level at 5-minute candle.
Important - Realize that this is all for educational purpose only.
Trade closed: target reached
Bank Nifty opened gapup above it's resistance then reached target 1 & target 2 and reversed from there towards crucials support level 44600.
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