Bank nifty intraday levels 27/Sep/23

2023年9月27日

Good Morning Traders.
We saw a range bound market in Nifty and BankNifty since two days, Bank nifty has formed a inside Bar pattern on the daily chart. As market is oversold, we can expect a pull back towards 45000-45150 levels. Guy's Hourly chart also showing positive crossover, i think bullish moment is expected in banknifty, but global market is showing bearishness let's see how we are gonna to act, GIFT Nifty also indicating a negative opening.

Important levels for Banknifty:-

Strong Support Zone 44400
Strong Resistance Zone 45000

Buy above 44757, if levels sustains at least for 15 mints.
Targets we can see in upside 44879/44990
Keep stop loss at 44605

Sale below 44605, if levels sustains at least for 15 mints.
Target we can see in downside 44516/44415
Keep stop loss at 44757

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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