Banknifty Intraday levels 18/082023

18. Aug. 2023

Hello Traders.

Yesterday we did not seen attractive hero zero trade in nifty and banknifty, even from last one month we did not seen any best expiry special trade, but do not worry we are doing good in other day. So, lets focus on today's scenario,,Well Global market again looking mixed to bearish view. Gift Nifty also giving indication of negative opening, We are seeing Head and Shoulder Pattern in nifty and banknifty both but as of now we have not seenn neckline breakdown. so we will wait for the confirmation. Banknifty has strong support zone at 43600-43700, if this gets break successfully, then we can see down levels.

Important levels for banknifty:-

Buy above 43923, if levels sustains at least for 30 mints.
Targets we can see in upside 44067/44157++
Keep stop loss at 43740.

Sale below 43740, if levels sustains at least for 30 mints.
Targets we can see in downside 43594/43412--
Keep stop loss at 43923.

Note:- 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.

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