Banknifty has shown Positivity in yesterday|Today's 09/08 levels

9 ago 2023

Good Morning Traders.
Yesterday we have seen very small range of banknifty, it was facing everytime resistance at 45000-45100. If i am not wrong it has given proper breakout of 45k on 30 mints chart, after that, it has came more down than expected for retest the levels. Well as compare to nifty. It was better. Today also we can face a resistance at 200 EMA, which is at 45200 levels now. Well guy's trade accordingly, as if market will not give momentum, your options premiums will be highly decay due to time in expiry. So trade carefully.

Today's Important levels for Banknifty:-

Buy above 45125, if levels got sustained at least for 30 mints.
Targets we can see in upside 45224/45368++
Keep stop loss at 44979

Sale below 44794, if levels got sustained at least for 30 mints.
Targets we can see in downside 44642/44534/44418--
Keep stop loss at 44979

Note:- Guy's always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Thankyou.

9 ago 2023

Nota

First Target done