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Banknifty Intraday View

Munmun Chatterjee

Technical Analyst, owner of TRADEMANIAC

Oct 06 , 2022 / 09:05 AM

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Banknifty may open near 39450-500. If banknifty directly touch 39771 then avoid buying in between these. If it retraced back towards shadded zone then one can take entry.

Banknifty Future buy above 39352, Target 39440,39541, 39771. 39772 is a danger zone. Banknifty can reverse from here. so we have to book profit at 39770. If sustain above 39772, we may take re-entry again for the target of 40290

Our students already know where to put Stoploss.

Click on the link of TV chart:- https://in.tradingview.com/chart/BANKNIFTY1!/kJ7cxzvR-Banknifty-Future-Intraday-Positional-view/