BANKNIFTY ANALYSIS WITH LOGIC :
1. If there's gapup in price. It should retrace from trendline resistance and should retest 39600 level. Then only we will plan on buy side upto 3990 level.
2. If there's is flat opening and crosses 39165 level with strong bearish candle. we can short upto 38712 level.
3. If there's huge gap down we can take 38712 level as a support if the price retraces from that level we can take long position upto 39990 level.
4. Maintain proper stoploss as per your risk reward ratio.
5. Try to capture minimum points.
Have a safe and profitable day :)
1. If there's gapup in price. It should retrace from trendline resistance and should retest 39600 level. Then only we will plan on buy side upto 3990 level.
2. If there's is flat opening and crosses 39165 level with strong bearish candle. we can short upto 38712 level.
3. If there's huge gap down we can take 38712 level as a support if the price retraces from that level we can take long position upto 39990 level.
4. Maintain proper stoploss as per your risk reward ratio.
5. Try to capture minimum points.
Have a safe and profitable day :)