TARGETS HIT !! BANKNIFTY ANALYSIS: ALL TIME HIGH TRADE
Today Banknifty gave a stellar breakout in the first 30 min of the session after activating our all time high trade . But as the session progressed, nifty started showing weakness
and also dragged banknifty along with it . The bearishness in nifty today faded the momentum in banknifty but it still did not fall as much as compared to nifty. Had nifty just been able to sustain the gap up opening and remain sideways after the gap up , Banknifty would have gone much more beyond our T3.
Banknifty took rejection around our second target and faded its momentum . As, for me , I exited my option trade in banknifty after it formed the shooting star or inverted hammer around our T2 . We could still capture around 180 points of the move in banknifty and made good profits.
Hope everyone who followed my analysis exited the trade around T2 and made good profits as well :)
and also dragged banknifty along with it . The bearishness in nifty today faded the momentum in banknifty but it still did not fall as much as compared to nifty. Had nifty just been able to sustain the gap up opening and remain sideways after the gap up , Banknifty would have gone much more beyond our T3.
Banknifty took rejection around our second target and faded its momentum . As, for me , I exited my option trade in banknifty after it formed the shooting star or inverted hammer around our T2 . We could still capture around 180 points of the move in banknifty and made good profits.
Hope everyone who followed my analysis exited the trade around T2 and made good profits as well :)