Banknifty - View & Intraday Levels for - 09 Dec 2022

Banknifty View and Support & Resistance Levels for Tomorrow..

Expectation : BULLISH

Bank Nifty was Strong and after many days moved 500 Points. Tomorrow We can expect Flat/Small Gap down open, and We can look for long entry above 43445. The Targets are 43636 / 43400

Any breakout above 43400 we can expect - Target 1 & 2 levels will be tested.

Incase any weakness and closes below, 43320 BEARISH trend will Start.

Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.

For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.

Refer the chart for detailed Intraday Support and Resistance levels.

Happy Trading!!