Bank Nifty - Intraday Levels for 27 Oct 2022
Banknifty Intraday levels for Tomorrow..
Expectation : Gap Up Open - Any breakout above 41402 BULLISH trend we can expect, otherwise its BEARISH
Banknifty likely to Open Gap Up around 41250 CPR zone, if sustains above 41260 and breaks 41402 we can expect Up move and possibly Target 1 will be tested. If any rejection around CPR level closes below we can see down move probably previous day low will be tested.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For quick scalping, 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!!
Expectation : Gap Up Open - Any breakout above 41402 BULLISH trend we can expect, otherwise its BEARISH
Banknifty likely to Open Gap Up around 41250 CPR zone, if sustains above 41260 and breaks 41402 we can expect Up move and possibly Target 1 will be tested. If any rejection around CPR level closes below we can see down move probably previous day low will be tested.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For quick scalping, 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!!
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