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Banknifty Intraday View

Munmun Chatterjee

Technical Analyst, owner of TRADEMANIAC

Mar 06 , 2023 / 09:12 AM

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Breakout level of BANKNIFTY INDEX is 41115, which it closed above, will now serve as support for Bank Nifty. So, Bank Nifty may gap up today near 41400 and then trade sideways to go towards 41550. Keep an eye for the Bank Nifty to continue up towards 41635 and form a Breakout pattern if it maintains its position above 41572. If it is unable to sustain above 41115, Bank Nifty may fall into a fake level and slide towards 40861.

BNF sell below 41386 Tgt 41300, 41250,41200,41100,41000

If banknifty take support at PDH then you can buy with the SL of PDH