rvmohankumar

BANKNIFTY Long opportunity

Long
rvmohankumar Premium Updated   
NSE:BANKNIFTY   NIFTY BANK
Trading possibilities for 16th March - Tuesday.

Market may open Gap up and If there is Buying pressure it can go up to 35490. It can be Bullish as long as it opens above 35300
The level 35490 is important resistance level which has to be breached before we see any further gains in the upward direction.

There is a possibility of taking resistance at 35490 and coming down all the way to 35875.
Other important levels are as marked in the setup.

You can download the Indicator to get the accurate levels premarket itself and see how the stock trades respecting those levels.

Happy and safe Trading..
Comment:
As mentioned in yesterdays writeup, 35300 levels worked as resistance above which we could have seen bullishness but it could not sustain and came down strongly

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