BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering new levels if there's flat opening or gap up price should retest at multiple rejection areas.
2. Then only we will take long position upto 42385 as our first target by maintaining trailing stoploss.
3.If there's flat opening price should retest and form bullish candle at 40015 level, then only we will plan for buy entry levels.
4.Bank nifty is stronger when compared to nifty on today intraday session.
5.42385 can be considered as strong resistance level, price may get rejection from that point.
Have a safe and profitable day :)
1. Considering new levels if there's flat opening or gap up price should retest at multiple rejection areas.
2. Then only we will take long position upto 42385 as our first target by maintaining trailing stoploss.
3.If there's flat opening price should retest and form bullish candle at 40015 level, then only we will plan for buy entry levels.
4.Bank nifty is stronger when compared to nifty on today intraday session.
5.42385 can be considered as strong resistance level, price may get rejection from that point.
Have a safe and profitable day :)