ChandraY

Banknifty Intraday view for 6th Jan

ChandraY Güncellendi   
NSE:BANKNIFTY   Nifty Bank Index
Today banknifty gap up opening and didn't sustain, 2 intraday supports (42900 & 42500) broken. Took support at hourly TF trendline(42300) and move upside by breaking Resistance at (42500) with Bullish Engulfing candle.

Tomorrow's View Only:
1) If it sustain above support1(42520 to 42570) by closing 15 mins green candle, it will go Resistance/Target1 (42820 to 42860).
2) If it sustain above Resistance 1 we can see Resistance2/Target2 around 43000.
Note:- for up-move it should close #Bullish candle above resistance and expecting Falling Wedge breakout.
Yorum:
Latest update:-
1) Banknifty didn't sustain above support level and the first 15 mins candle is rejection of uptrend. Fall down by breaking Support 1 & 2 level and took support at 1 hour TF 41900 level.

Feragatname

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