Banknifty since 2 days consolidating in same range, with rounding bottom and W shape pattern forming expecting it to test 39800 to 40200 levels tommorow or on expiry day.
Go long above 39700 Stop loss 39550 Targets 39800 to 40000 and 40200
Go Short below 39200 Stop loss 39300 Targets 39000 to 38600.
Reversal Play at 40000 area if it is making any negative price action at that level.
Go long above 39700 Stop loss 39550 Targets 39800 to 40000 and 40200
Go Short below 39200 Stop loss 39300 Targets 39000 to 38600.
Reversal Play at 40000 area if it is making any negative price action at that level.
Trade active:
39700 aboce CE trigered
Trade active:
target one done reacched 39900
Trade closed: target reached:
40000 done second target reached