BANKNIFTY trade setup

banknifty is now in a short range and can give a good movement on both sides it has made falling wedge or falling channel on daily chart and now trading at resistance area now if it breaks upside 34840 then after a small retest it can move upto 35500 but if it faces resistance tomorrow on 34740-34800 then it can breaks down side and can easily travel to 33600 so remember these levels and keep losses small, do not overtrade in rangebound market in these types of market we can get more stoplosses then other days.


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