Bank Nifty - Analysis & Prediction - 07 to 11th Aug 2023
Banknifty Prediction:
BEARISH Trend / Negative Sentiment
Banknifty is in Down trend - Until it tests 43800. We can expect BULLISH reversal from 43800 but if that is compromises 43400 support will be tested.
Global cues indicates, Monday BNF likely to Open Gap down.
SELL entry points are 44551 below or 44800 levels.
BULLISH trend only if trades above 45200.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
BEARISH Trend / Negative Sentiment
Banknifty is in Down trend - Until it tests 43800. We can expect BULLISH reversal from 43800 but if that is compromises 43400 support will be tested.
Global cues indicates, Monday BNF likely to Open Gap down.
SELL entry points are 44551 below or 44800 levels.
BULLISH trend only if trades above 45200.
Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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