Banknifty Trade setup for 10-10-2023

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BankNifty important levels to watch are as follows

#Support: 43830

Sell below: 43830 only on 15 minute candle closure below the level.
Target 1: 43680
Target 2: 43500

#Resistance: 43960

Buy Above: 43960 only on 15 minute candle closure Above the level.
Target 1: 44200
Target 2: 44450

=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.

=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.

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=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.

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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.

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demand and supply zones as per 1 min timeframe. Day traders may initiate positions once price breaks out from either side. Do not forget to use SL as per your own risk appetite.

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