Bank Levels & Trend for SHORT TERMDear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading.
BANK NIFTY
PLEASE NOTE THAT CHART LEVELS ARE BASED ON WEEKLY TREND FOR SHORT TERM. I will publish a separate levels & strategy for tomorrow's trade. This short trade opportunity identified in Bank Nifty based on weak global cues. Work level by level to better manage Risk:Reward ratio and avoid any surprises.
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Bankniftyweeklyforecast
NiftyBank Weekly Key trading levels for 11thjuly-15thJuly 2022#NiftyBank Weekly Key trading levels for 11thjuly-15thJuly 2022
Long Positions:
I) If Banknifty sustain above 35200 on Hourly Time then Long Positions can be made with stop loss below 34890 for a 1st Target of 35600. If Further sustains above 35650 the 2nd Target will be 36000.. and further breakdown above 36080 then final target would be 36900 to 36950.
II)Incase It retrace back till 34633 to 3464 and shows Bullish price action long position can be created at 34650 for target of 35272 and other long targets mentioned above will continue....
III)In case of Price take support at 34200 the long position can be created with stop of 34100 for the target of 34600 to 34650.
Short Positions
I)Incase Price Get rejected from 35600 level then short position can be created with stop loss of 35660 level for the 1st Target of 3270 and 2nd target of 34600.
II)Break down below 346300 level short position can be created with stop loss of 34650 for the Target of 34160.
III) Further breakdown below 34160 short position can be created with stop loss at 34200 for 1st short target of 33500 and 2nd 2nd target of 33200.
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
BankNifty Futures Key Trading Levels 4th to 8thJuly 2022_weeklyBank Nifty Futures Key Trading Levels 4th to 8thJuly 2022_weekly
If Price sustain above 33630 the long position can be created with stop below 33500 for a1st target of 33900 to 34000.
if price start sustaining above on 34000 then 2nd target would be 34200 and breakout above 34250 then 3rd target would be 33400 to 34700.
Incase price get rejected from 34000 level and start closing below 33900 then downside target would be 1st 33650, 2nd target 33350.
If Price start closing below 33300 then 1st down side target is 33060 to 33000 further breakdown below 33000 then downside target will be at 32700 to 32500.
Strong support at 32700 to 32500 any break down below will lead to downside of 32000 to 31750.
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.