Wednesday, April 5, 2023

Banknifty levels for 6th April 2023

Banknifty levels for 6th April 2023

Banknifty made high of 41071 almost nearing to 41100 as mentioned in the post on April 3rd 2023.

Now, let us check the levels for 6th April 2023 as it is expiry day we need to trade with proper risk management , volatility might be there because of RBI monetary policy. RBI is likely to increase repo rate by 25 basis point. 

Levels for 6th April 2023:

If Banknifty opens flat and breaks 41100 next level for Banknifty is 41255 which is strong resistance from there we could see sharp sell in banknifty if it breaks the resistance next level would be 41500.

downside if banknifty doest not break 41100 and acts as resistance levels from there will be 40820, 40535.


NOTE: THIS INFORMATION IS FOR EDUCATION PURPOSE DO PROPER RESEARCH AND TRADE WITH RISK MANAGEMENT ONLY .

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