Expiry Special Banknifty analysis, Intraday levels 11 OCT 2023
Updated
Good Morning Everyone,
Yesterday was the awesome day for traders, Bank nifty surged 474 points, and formed a bullish candlestick with minor upper shadow on the daily scale. Previous day's low of 43800 may act as a support in coming sessions. with resistance at 44500-44700, a break of which same can take the index towards 45000. Global market looking good, american market has also closed in positive, GIFT nifty also indicating a positive opening. So chances are high we can see follow up buying in index. But guy's do not forget to book profits on higher range. We can see some pressure if market is opening on higher range.
Important levels for Bank nifty:-
Intraday support zone 44200
Intraday resistance zone 44700
Buy above 44484, if levels sustains at least for 15 mints.
Targets we can see in upside 44551/44736
Keep stop loss at 44338
Sale above 44338, if levels sustains at least for 15 mints.
Targets we can see in downside 44176/44069
Keep stop loss at 44484
Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And 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.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Yesterday was the awesome day for traders, Bank nifty surged 474 points, and formed a bullish candlestick with minor upper shadow on the daily scale. Previous day's low of 43800 may act as a support in coming sessions. with resistance at 44500-44700, a break of which same can take the index towards 45000. Global market looking good, american market has also closed in positive, GIFT nifty also indicating a positive opening. So chances are high we can see follow up buying in index. But guy's do not forget to book profits on higher range. We can see some pressure if market is opening on higher range.
Important levels for Bank nifty:-
Intraday support zone 44200
Intraday resistance zone 44700
Buy above 44484, if levels sustains at least for 15 mints.
Targets we can see in upside 44551/44736
Keep stop loss at 44338
Sale above 44338, if levels sustains at least for 15 mints.
Targets we can see in downside 44176/44069
Keep stop loss at 44484
Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And 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.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
Note
Guy's market respecting the levels so there could be a hero zero trade for upside
but go with less qty
take 44500 ce now at 44
keep stop loss at 11
Targets we can see in upside 65/85/111++
and buy next week 18th oct 44800 ce now at 219
keep stop loss at 111
Targets will be 295/339/376++
Note
Hero Zero trade does not worked44800 trade is still active
thankyou
Rahul Pal (Indian Moderator)
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
For Live Streaming join youtube.com/@realbullstrading26
Learning Stock Market and Trading Programmes.
Whatsapp:- 9560604457
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