Dear Friends,
Bank-Nifty Important Levels :
Last Traded Price- 42831
Immediate Resistance- 42965-43000
Immediate Support- 42815-42783
Target after Breaking Resistance:
Target 1: 43171-43212
Target 2: 43356-43396
Target after Breaking Support:
Target 1: 42664-42637
Target 2: 42514-42485
NOTE:
1: For the candle that has broken resistance or support, let it close before taking a trade. This way you can avoid traps and fake breakouts.
2: The price always tends to return to 20 EMA. Hence if the price is very far from 20 EMA, it may come back to the EMA rather than going further away from EMA.
3: Trade using 15 minutes, 5 minutes, or 3 minutes candles. The higher the time frame of the candle, the higher the accuracy. Do maintain a minimum 1:2 risk-reward ratio.
Hope the levels stand strong tomorrow.
Happy Trading !!
Only for Educational Purposes.
Bank-Nifty Important Levels :
Last Traded Price- 42831
Immediate Resistance- 42965-43000
Immediate Support- 42815-42783
Target after Breaking Resistance:
Target 1: 43171-43212
Target 2: 43356-43396
Target after Breaking Support:
Target 1: 42664-42637
Target 2: 42514-42485
NOTE:
1: For the candle that has broken resistance or support, let it close before taking a trade. This way you can avoid traps and fake breakouts.
2: The price always tends to return to 20 EMA. Hence if the price is very far from 20 EMA, it may come back to the EMA rather than going further away from EMA.
3: Trade using 15 minutes, 5 minutes, or 3 minutes candles. The higher the time frame of the candle, the higher the accuracy. Do maintain a minimum 1:2 risk-reward ratio.
Hope the levels stand strong tomorrow.
Happy Trading !!
Only for Educational Purposes.