Bank nifty long position
Updated
Hi Everyone... Hope you all are doing good....
So let's talk about today's trade as you all know from last few days market gives us a gap up opening and after opening market moves in a short range....
So how we have to work in banknifty let's see...
Conditions...
1. There is a strong resistance at the level of 36600 so if banknifty break this level and give us closing above the level then go for the CE and the tragets are 36800, 37000 and the last one is 37300
2. If banknifty breaks the previous day low which is 36300 then go for the PE and the target is 36100, 36000 and the last one is 35800
Hope you all are understand the levels and please follow and like for daily updates.
So let's talk about today's trade as you all know from last few days market gives us a gap up opening and after opening market moves in a short range....
So how we have to work in banknifty let's see...
Conditions...
1. There is a strong resistance at the level of 36600 so if banknifty break this level and give us closing above the level then go for the CE and the tragets are 36800, 37000 and the last one is 37300
2. If banknifty breaks the previous day low which is 36300 then go for the PE and the target is 36100, 36000 and the last one is 35800
Hope you all are understand the levels and please follow and like for daily updates.
Note
Market move below the level of 36300 and archive the level of 36100 now again go for the retest the level of 36300 and took resistance and go belowNote
nice fall after the retestNote
Book profit in partsNote
Banknifty 35900 archive only 25% quantity is left rest are book profitTrade closed: target reached
exit all Enjoy your day:))
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