Banknifty Bearish Fall expected 1 Hour Timeframe
Banknifty is following a decending channel.
Expiry today banknifty is falling since last 7 to 8 days indicating bearishness.
Resistance marked as red horizontal lines at 46750 & 47190.
Supports makes as green horizontal lines at 46030 - 45585 - 44870.
Only after 47190 crossed upside view will change to Bullish. Else it's heading for more fall.
Banknifty Spot Chart:-
Sell near 46500 or 46600
Stoploss 46750
Target 46030 - 45585 - 44870
This is for educational purpose and papertrading only. Please consult your financial Advisor before investing. We are not SEBI registered.
Happy Trading.
Expiry today banknifty is falling since last 7 to 8 days indicating bearishness.
Resistance marked as red horizontal lines at 46750 & 47190.
Supports makes as green horizontal lines at 46030 - 45585 - 44870.
Only after 47190 crossed upside view will change to Bullish. Else it's heading for more fall.
Banknifty Spot Chart:-
Sell near 46500 or 46600
Stoploss 46750
Target 46030 - 45585 - 44870
This is for educational purpose and papertrading only. Please consult your financial Advisor before investing. We are not SEBI registered.
Happy Trading.