BankNifty opened with a gap-up and faced resistance in the 34820 zones, it spent almost the whole day in 15 points range which was broken on the downside and we saw a good fall in BankNifty.
We did sell BankNifty Fut at 34980 which made a low around 34680, booked great profit on the sell-side.
Expectations for Tomorrow: Volatile day.
Intraday Levels: Buy Above 34900 Sell Below 34590
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
Trade closed: target reached
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Breakout from triangle pattern and sustaining above 34900 gave great profit to Fut and CE Buyers.
Sir, You told this: Buy Above 34900, Sell Below 34590: Also there is a triangle pattern so once it breaks triangle any side, And start taking support on that trend line(So to watch 2 candle : 1 bo and 2nd taking support or directly going upwords) can i take trade on that side?
InvestPro_India
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@tbgokani, this pattern requires technical expertise to trade, if you have can trade.
InvestPro_India
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@tbgokani, See how perfectly BN is following the triangle pattern.
tbgokani
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@InvestPro_India, Yes i entered after bo and retest. Seeing what happens next. I took 34800CE, Do you think it will break 34850 level?