BankNifty possible Levels For 05/07/2023
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Hello Trader, Good evening, Sorry For delay in updation. I hope you guy's will be doing good in trading and in your life.
So, My view on today's Banknifty has worked accurately, which we discussed in last idea. Today also i have marked important levels on Chart. According to me tomorrow again banknifty should go down after opening in gap up. Chances are high that we can see trading in range only in between 45000-45500 only, But i think till tomorrow or day after tomorrow Banknifty should break 45000 levels. If we see breakdown tomorrow then we can see down levels towards 44700 to 44500 levels. But my View is slightly bullish to bearish for now, chances are high for downside. Let's see what is happening, we will trade according to price action.
Important levels for tomorrow:-
Buy above only 45353 if levels sustain atleast 15 minutes on chart.
Targets Will be 45500/45650++
Stop loss will be 45000.
and Sale below 45000 if levels sustain atleast 15 minutes on chart.
Targets will be 44778/44511--
Stop loss will be 45353.
Note:- Always trade with stop loss, because it will save you from unexpected losses if market went opposite to your Analysis.
Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.
If anyone likes my work then definitely like my this idea and follow me for more updates and let me know your thoughts about this idea in comment box.
Thankyou,
Regards
Rahul Pal
So, My view on today's Banknifty has worked accurately, which we discussed in last idea. Today also i have marked important levels on Chart. According to me tomorrow again banknifty should go down after opening in gap up. Chances are high that we can see trading in range only in between 45000-45500 only, But i think till tomorrow or day after tomorrow Banknifty should break 45000 levels. If we see breakdown tomorrow then we can see down levels towards 44700 to 44500 levels. But my View is slightly bullish to bearish for now, chances are high for downside. Let's see what is happening, we will trade according to price action.
Important levels for tomorrow:-
Buy above only 45353 if levels sustain atleast 15 minutes on chart.
Targets Will be 45500/45650++
Stop loss will be 45000.
and Sale below 45000 if levels sustain atleast 15 minutes on chart.
Targets will be 44778/44511--
Stop loss will be 45353.
Note:- Always trade with stop loss, because it will save you from unexpected losses if market went opposite to your Analysis.
Disclaimer:- I Might be wrong in this analysis, so please always do your own analysis or consult with your financial advisor before taking any kind of trades.
If anyone likes my work then definitely like my this idea and follow me for more updates and let me know your thoughts about this idea in comment box.
Thankyou,
Regards
Rahul Pal
Nota
Nota
i have a trade if anyone wants to take:-Buy 6th july banknifty 45300 pe at 233 now.
keep stop loss at 150
Target 285/325+
Nota
255 nowNota
Nota
Nota
Made high 295,, our first target has been doneNota
Rahul Pal (TradingView Moderator)
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Join Powerful Like-Minded Trading
Community Group to stay ahead
from others spf.bio/TUZZz
All My Profiles:-superprofile.bio/realbullstrading
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