BANKNIFTY ANALYSIS WITH LOGIC :
1. If there's gapup or opening on a flat note and price crosses 41655 level with strong bullish candle. we can take long position upto 41995 level,
2. If there's is rejection from 41655 level and forms 15m candle below the rejected candle. we can short our positions upto 41240 level.
3. If the above two cases doesn't occur we will not take any positions in banknifty.
FURTHER DETAILS WILL BE UPDATED ON LIVE MARKET
HAVE A PROFITABLE TRADING :)
1. If there's gapup or opening on a flat note and price crosses 41655 level with strong bullish candle. we can take long position upto 41995 level,
2. If there's is rejection from 41655 level and forms 15m candle below the rejected candle. we can short our positions upto 41240 level.
3. If the above two cases doesn't occur we will not take any positions in banknifty.
FURTHER DETAILS WILL BE UPDATED ON LIVE MARKET
HAVE A PROFITABLE TRADING :)
Trade active:
Took 42000 PE at 500
sl 470
tgt 590
sl 470
tgt 590
Trade closed: stop reached:
My trailing sl hit at 520