Hello Traders, i hope you all will be doing good in trading and in your life as well.
Banknifty is consolidating from 2 days in the range of 45000-45500 levels. Today might be we can see downlevels towards 45000, and there is strong support zone, but that got break then banknifty can go towards 44800-45700 levels just today only. Well, let's see if we got breakdown on chart. I have marked all the levels on chart, trade accordingly i will write here also.
Important levels for BankNifty:-
Buy above 45411 if levels got sustains
Target we can see 45655
Place stop loss at 45211
Sale Below 45211 if levels got sustains
Target we can see 45086/45000.
Place stop loss at 45411
Note:- Chances are higher banknifty will open in gap down, then still wait for the levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
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.
Please like, follow and comment your thoughts on my idea.
Thankyou.
Regards
Rahul Pal