Bank Nifty - Intraday Levels for 18 Oct 2022
Banknifty Intraday levels for Tomorrow..
Expectation : Flat to Small Gap up Open - Bearish Reversal
Banknifty likely to Open Flat or Small Gap up around 40000. Expecting a pull back in Banknifty and There is a strong resistance at 40200 where we can go short. If CPR is compromised, lower targets are possible.
Any breakout above 40375 we can expect Target 1 will be tested.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For quick scalping, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Expectation : Flat to Small Gap up Open - Bearish Reversal
Banknifty likely to Open Flat or Small Gap up around 40000. Expecting a pull back in Banknifty and There is a strong resistance at 40200 where we can go short. If CPR is compromised, lower targets are possible.
Any breakout above 40375 we can expect Target 1 will be tested.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For quick scalping, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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