How Bank Nifty Reacted to My Support and Resistance Levels This Week - 8 May 2024

  • Market Overview

In the previous article, we looked at important support and resistance zones, also what I call as Order flow Levels for Bank Nifty

The title of the content was like “Bank Nifty Important order flow Level 6 May 2024

If you have paid attention, these levels helps traders make informed decisions and find High probability trading opportunities. Because major market moves, happen around these levels.

This is what we have seen on the chart previously, Have a look

Bank Nifty – Previous Order Flow Trading Levels



These levels can indicate areas of high liquidity and because of that Smart traders and big players often take positions around them.

This is how Bank Nifty reacted to these levels, Take a look at the Price Action on the chart

Bank Nifty – Present Price Action around Order Flow Level



These levels acted as a crucial point and major movement happened around these levels, turning them into potential price reversals or continuations.

A thorough analysis of these levels provides a roadmap for potential market movements. Keep an eye on these Order Flow Levels and make use of them in your Trading Strategy.

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