BANKNIFTY ANALYSIS WITH LOGIC:
1. If there's gap up and therefore price gets rejected from 42787 level, we can expect sharp fall up to 42500 level.
2. If it gets reversal from that level, we can short up to 42500 level by maintaining trailing stoploss.
3. Or if price sustains above 42787 level from that point and form 15m bullish candle, price should retest that level then only we will plan for buy side positions.
4. Directional trade can be seen during today intraday session.
5. If there's gap down no trades shall be taken.
Have a safe and profitable day :)
1. If there's gap up and therefore price gets rejected from 42787 level, we can expect sharp fall up to 42500 level.
2. If it gets reversal from that level, we can short up to 42500 level by maintaining trailing stoploss.
3. Or if price sustains above 42787 level from that point and form 15m bullish candle, price should retest that level then only we will plan for buy side positions.
4. Directional trade can be seen during today intraday session.
5. If there's gap down no trades shall be taken.
Have a safe and profitable day :)