BANK NIFTY INTRADAY LEVELS FOR 02/08/2023

BUY ABOVE - 45630
SL - 45490
TARGETS - 45800,45940,46100

SELL BELOW - 45470
SL - 45630
TARGETS - 45290,45100,44920

Previous Day High - 45800
Previous Day Low - 45470

If Bank Nifty breaks that trend line... We will see fast momentum into Downside

I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.

Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.

Please NOTE: this levels are for intraday trading only.

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HAPPY TRADING 👍

Comment:

BANK NIFTY OPENED WITH HEAVY GAP DOWN
357.85 points down
wait for retracement okay

Trade active:

SELL SIDE TRADE ACTIVATED

Comment:

In this type of heavy gap down / gap up market situations we must change our entry & exit levels with the help of ABC pattern like this
this is one of the way to trade at this situations

Comment:

re you guys understand how to trade now
please give your response in comment box

Trade closed: target reached:

Target 1 Reached 45100

Comment:

Next Target level is 44920

Trade closed: target reached:

All 3 targets done after ABC pattern breakout