Banknifty Intraday Prediction Levels for 16 Oct 2023

Nifty Bank Index (NSE:BANKNIFTY)

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NSE:BANKNIFTY Nifty Bank Index

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Banknifty Intraday Prediction Levels for 16 Oct 2023

The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone/Line or below the Support zone/Line.

Major Resistances- 44570,44760,44920,45120,45330,…
Major Supports- 44090,43900,43760,43700,43600,43500,43420,43295,43100,42875,42680,…

These levels act as support and resistance. You have to trade according to level breakout or breakdown. First target is immediate next level. When first target is achieved go for the next one and so on.
If You are a new trader then just watch ( No Trade) these levels for some days.
Happy trading.

Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.

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