BANKNIFTY LEVELS 09/05/2023
BANKNIFTY ANALYSIS WITH LOGIC:
1. If there's gap down and gets reversal at 43165 level with 15m strong bullish candle we can take long position up to 43525 by maintaining trailing stoploss.
2. If there's flat opening price should cross recent high then only, we will plan for buy side up to 43525 level.
3. If there's huge gap down at 43070 level and forms 15m long bearish candle, then we will short up to 42430 level.
Have a safe and profitable day :)
1. If there's gap down and gets reversal at 43165 level with 15m strong bullish candle we can take long position up to 43525 by maintaining trailing stoploss.
2. If there's flat opening price should cross recent high then only, we will plan for buy side up to 43525 level.
3. If there's huge gap down at 43070 level and forms 15m long bearish candle, then we will short up to 42430 level.
Have a safe and profitable day :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.