1. Considering new levels if banknifty gap downs and retraces from 39785 or 39660 levels we can take long positions only from recent high upto 40150 level.Or 2. Or if price opens on a flat note or gap ups, we can set target upto 40150 to 40225 levels. 3. If there is consolidation after the target reaches near to 40150 level. we will plan towards buy side upto 40225 level. 4. Range bound market can be seen in between 39660 - 40150 levels.
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