BankNifty important Intraday levels to watch are as follows
Expectations: Volatile day
#Support:44760
Sell below: 44760 only on 15 minute candle closure below the level. agressive sell below demand zone. Target 1: 44520 Target 2: 44280
#Resistance: 44920
Buy Above: 44920 only on 15 minute candle closure Above the level agressive buy above supply zone. Target 1: 45120 Target 2: 45380
#Demand Zone:44520-44615 may act as a buying zone and price may bounce from the region marked in green on the chart.
#Supply Zone: 44990-45080 may act as a selling zone and price may reject from the region marked in red on the chart.
#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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Not
Target 1 Hit !
Not
As expected. Very volatile day ...bounced back from the demand zone marked on the chart.
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