The plotted levels on the chart should be considered only when BANKNIFTY opens flat on 26-09-2023.
If BANKNIFTY opens GAP-UP (Open > Previous High) or GAP-DOWN (Open < Previous Low) on 26-09-2023 then the following calculations must be considered:
Level 1 = OPEN PRICE (25-SEP) - 131.20
Level 2 = OPEN PRICE (25-SEP) - 292.20
Level 3 = OPEN PRICE (25-SEP) - 97.25
Level 4 = OPEN PRICE (25-SEP) + 131.20
Level 5 = OPEN PRICE (25-SEP) + 292.20
Level 6 = OPEN PRICE (25-SEP) + 97.25
DISCLAIMER: This idea is only for educational purpose.
NOTE: High probability of reversal may be expected around the levels plotted with yellow lines.