Muhurat trading hrs pushed Banknifty above the resistance line shown previously, there is also formation of some support as far as cloud goes and RSI is showing 50+ strength, this is sign of making a support area here and there is good chance that we will have some upmove in upcoming sessions.
It would be interesting to see where opening on Tuesday is, depending on that one can take positional longs, however if opening is below resistance line then one can take short positions, even if its for not positional, one can consider it for intraday but one must shift to longs as soon as price drags above resistance line.
It would be interesting to see where opening on Tuesday is, depending on that one can take positional longs, however if opening is below resistance line then one can take short positions, even if its for not positional, one can consider it for intraday but one must shift to longs as soon as price drags above resistance line.