BANKNIFTY has closed in a positive note toady. It opened and triggered our sell level 34830, hit our 1st target 34700. Then 10 O'clock range broke upside above 34830 and gave a good short covering move till 35149.
Coming to tomorrow's trade setup, if index opens flat and crosses 35150 we will long for the target of 35300. 35300 can act as resistance.
For selling we need to wait till 34765 is broken in downside. Targets will be opened till 34500.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
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