Banknifty - View & Intraday Levels for 14 Nov 2022

Nifty Intraday levels for Tomorrow..

Expectation : Bank Nifty is Strongly Bullish, closed all time high on Friday which is positive note. Gap up / Flat Open then Trend continuation is expected.

Monday Bank Nifty likely to Open Gap up above 42300, incase of any pull back to 42133 we can go Long. If any breakout above 42372, Target 1 & 2 will be tested.

Incase of weakness and closes below 41903, Bank Nifty will take BEARISH reversal.

Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.

For Best entry, 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!!