Nifty Bank Index

BANK NIFTY 12/05/23

254
Here are the levels for bank nifty to trade for tomorrow intraday. today we can see price went sideways as told yesterday. if the price tomorrow does not break the range tomorrow also we can see the range bound market. but if the price breaks the range then we can go long on the break of the swing with the volumes confirmation and we can enter the retest and can take the target with respect to fib trend based extension levels day high will be the 1st target and if it breaks trail your SL and the price can go up to 1.272 level . if the price breaks the down support then we go short with the volumes confirmation. 1st target will be the 43080 and even if that level break we can see further fall and trail Your SL.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.