BANKNIFTY has closed at ATH with slight gain of about 100 points today. Last day we planned to buy above 41780 on a 15 Min candle close. 2nd candle closed and gave more than 150 profit. BTW it was a heavy rangebound market today, some movement was seen only in the 2nd half. Today's range will be used for tomorrow's trading session.
Coming to Thursday's trading session, if index opens flat and a 15 Min candle closes above 41950 then we will long for the target of 42230,42421 and 42575.
For selling we need a 15 min candle close below 41665. Target will be 41465, 41250 and 41050.
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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