Hello Traders,
TODAY BANKNIFTY broken the 35000 level and NIFTY also broken the 16800 level ---- > Both are very important levels.
Today BANKNIFTY broken the PREVIOUS WEEK HIGH but faced RESISTANCE a little bit and market closed below it with a BULLISH PINBAR candlestick pattern.
**** This indicates a strong Buying pressure in the market. ****
1) If BANKNIFTY Break & retest the PREVIOUS WEEK HIGH ( 35375 ) we can go LONG.
TARGET ----> 35600 , 35800 ....
2) If BANKNIFTY faced RESISTANCE at PREVIOUS WEEK HIGH and only if the 35000 level breaks we can go SHORT.
TARGET ----> 34625 ( PREV DAY LOW ) , 34360.
IMPORTANT LEVELS --------> 34625 ---- 35375 ---- 35600 ---- 35800.
Do comment your thoughts ...
Thank you <3.
TODAY BANKNIFTY broken the 35000 level and NIFTY also broken the 16800 level ---- > Both are very important levels.
Today BANKNIFTY broken the PREVIOUS WEEK HIGH but faced RESISTANCE a little bit and market closed below it with a BULLISH PINBAR candlestick pattern.
**** This indicates a strong Buying pressure in the market. ****
1) If BANKNIFTY Break & retest the PREVIOUS WEEK HIGH ( 35375 ) we can go LONG.
TARGET ----> 35600 , 35800 ....
2) If BANKNIFTY faced RESISTANCE at PREVIOUS WEEK HIGH and only if the 35000 level breaks we can go SHORT.
TARGET ----> 34625 ( PREV DAY LOW ) , 34360.
IMPORTANT LEVELS --------> 34625 ---- 35375 ---- 35600 ---- 35800.
Do comment your thoughts ...
Thank you <3.