BANKNIFTY ANALYSIS WITH LOGIC:
1. If there's flat opening or gap down in price, it should get reversal from 42160 level with bullish candle we can take long position up to 42420 level.
2. If it breaks 42420 level with strong candle up to recent high, we can take buy side position.
3.Or if the price gets reversal from 42420 with bearish candle, we can short our positions till 42160 level.
4. If the price breaks 42160 level with strong candle we will short sell our positions up to 41920 level.
5. Maintain trailing stoploss while making trades.
Have a safe and profitable day.
1. If there's flat opening or gap down in price, it should get reversal from 42160 level with bullish candle we can take long position up to 42420 level.
2. If it breaks 42420 level with strong candle up to recent high, we can take buy side position.
3.Or if the price gets reversal from 42420 with bearish candle, we can short our positions till 42160 level.
4. If the price breaks 42160 level with strong candle we will short sell our positions up to 41920 level.
5. Maintain trailing stoploss while making trades.
Have a safe and profitable day.