BANKNIFTY LEVELS 02/03/2023
Updated
BANKNIFTY ANALYSIS WITH LOGIC :
1. Considering the levels if there is flat opening and forms 15m long bullish candle we can set our target upto 40950 level.
2. If there is gap up price should retest recent high then only we will take buy side positions upto 40950 level
3.If banknifty forms bearish candle below 40645 level we can short sell upto 40560 level and if the trend continues below that level we will set our targets upto 40390 level.
4. Maintain trailing stoploss while trading on buy side because banknifty will be so dynamic due to option expiry.
HAVE A SAFE AND PROFITABLE DAY.
1. Considering the levels if there is flat opening and forms 15m long bullish candle we can set our target upto 40950 level.
2. If there is gap up price should retest recent high then only we will take buy side positions upto 40950 level
3.If banknifty forms bearish candle below 40645 level we can short sell upto 40560 level and if the trend continues below that level we will set our targets upto 40390 level.
4. Maintain trailing stoploss while trading on buy side because banknifty will be so dynamic due to option expiry.
HAVE A SAFE AND PROFITABLE DAY.
Trade active
Note
NEAR TO TARGET TRY TO BOOK MINIMUM PROFITS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.