Bank nifty Levels for Intraday
Certainly! Intraday trading in the Bank Nifty involves closely monitoring key levels to make informed decisions. Here are some relevant levels for today:
Resistance Level: Around 50500 (expected opening level). If there’s a reversal confirmation at this level, it could lead to a bearish trend continuation, potentially resulting in a downside rally of 400-500 points.
Support & Resistance Trend Lines: Consider the daily chart’s support and resistance trend lines. Additionally, keep an eye on the Previous Day High (PDH) and Previous Day Low (PDL) levels, which often act as crucial support and resistance points during live market hours.
Remember that intraday trading involves risk, so always use proper risk management techniques and stay updated with real-time market movements
Resistance Level: Around 50500 (expected opening level). If there’s a reversal confirmation at this level, it could lead to a bearish trend continuation, potentially resulting in a downside rally of 400-500 points.
Support & Resistance Trend Lines: Consider the daily chart’s support and resistance trend lines. Additionally, keep an eye on the Previous Day High (PDH) and Previous Day Low (PDL) levels, which often act as crucial support and resistance points during live market hours.
Remember that intraday trading involves risk, so always use proper risk management techniques and stay updated with real-time market movements
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