Banknifty Analysis Intraday levels 6 July
Hello Traders,
Following are my analysis:
Resistance Level :
1. Good Resistance Zone exists at 35300-35400 and 35700-800.
2. Strongest Resistance at 36000 .
3. Stronger Resistance at 35500.
4. New immediate Resistance is 35300
* Increasing resistance above 35500.
Support Level :
1. 35000 is Strongest Support Level .
2. 34500 is a Strong Support.
3. 34700-800 is Good Support Zone .
Sideways Possibility:
More Sideways above 35300 to 35500 , if market sustains above 35200
No Trade Zone :
35200 - 35300
*Imp Point:
Sell below Trend Line and at reversal from Resistance level shown.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
Following are my analysis:
Resistance Level :
1. Good Resistance Zone exists at 35300-35400 and 35700-800.
2. Strongest Resistance at 36000 .
3. Stronger Resistance at 35500.
4. New immediate Resistance is 35300
* Increasing resistance above 35500.
Support Level :
1. 35000 is Strongest Support Level .
2. 34500 is a Strong Support.
3. 34700-800 is Good Support Zone .
Sideways Possibility:
More Sideways above 35300 to 35500 , if market sustains above 35200
No Trade Zone :
35200 - 35300
*Imp Point:
Sell below Trend Line and at reversal from Resistance level shown.
This is not Buy and Sell recommendation to any one.
This is for education purpose and a helping hand to learn trading in Market.
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis and do share with your friends as well.
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