Banknifty Trade Setup for 22-09-2023
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BankNifty important levels to watch are as follows
#Support: 44600
Sell below: 44600 only on 15 minute candle closure below the level.
Target 1: 44410-44400
Target 2: 44220-44200
#Resistance: 44720
Buy Above: 44720 only on 15 minute candle closure Above the level.
Target 1: 44850
Target 2: 45040
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
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#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
#Support: 44600
Sell below: 44600 only on 15 minute candle closure below the level.
Target 1: 44410-44400
Target 2: 44220-44200
#Resistance: 44720
Buy Above: 44720 only on 15 minute candle closure Above the level.
Target 1: 44850
Target 2: 45040
#Remember each level will act as a support and resistance individually so there is a probability of reversal on either side. Please do your own research before initiating any trade. Always keep stoploss in order to protect your capital.
Follow us for more such information and educational ideas. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#If you are Unable to trade properly and dissatisfied with your manual trading results due to busy schedule or "Fear & Greed" emotions Algorithmic trading can be the most useful solution kindly follow us and join us using details mentioned below the idea.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Nota
After Gap up opening banknifty achived target 1 on upside. As stated in the idea description each target may act as an individual resistance.
After facing the resistance price got rejected and currently taking support at the mentioned level of support.
Nota
5 minute candle closing is must above 44960 for further upside confirmation.
45000 may act as a crucial resistance, breakout from which may be huge.
Nota
use SL as per your risk appetite.
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