BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering the levels if there's flat opening mostly, we can see range bound market in between 39362 - 39690 levels.
2. If there's gap up above 39690 price should form 15m bullish candle at that level, then only we will take long position up to 39960 level.
3. If there's gap down price should reach 39150 level should get reversal from that point then only, we can see strong upside movement upto 39960 level.
4. Maintain trailing stoploss according to your comfort.
Have a safe and profitable trading :)
1. Considering the levels if there's flat opening mostly, we can see range bound market in between 39362 - 39690 levels.
2. If there's gap up above 39690 price should form 15m bullish candle at that level, then only we will take long position up to 39960 level.
3. If there's gap down price should reach 39150 level should get reversal from that point then only, we can see strong upside movement upto 39960 level.
4. Maintain trailing stoploss according to your comfort.
Have a safe and profitable trading :)
Comment:
Banknifty at 40080 important resistance level.