Banknifty has regained the trendline which was broken due to gap down opening due to the US markets cues. I believe BankNifty is finally ready to reverse from here.
Long above 30500,
Target 1: 30750
Target 2: 30900
Target 3: 31300
Target 4: 31600
Short Below 30200,
Target 1: 29900
Target 2: 29700
Target 3: 29450
Target 4: 29050
Target 3 and 4 in both the cases are unlikely to be achieved tomorrow, but are there for adverse circumstances.
Rest The Market Will Tell!
Note: Post only for education purposes.
Long above 30500,
Target 1: 30750
Target 2: 30900
Target 3: 31300
Target 4: 31600
Short Below 30200,
Target 1: 29900
Target 2: 29700
Target 3: 29450
Target 4: 29050
Target 3 and 4 in both the cases are unlikely to be achieved tomorrow, but are there for adverse circumstances.
Rest The Market Will Tell!
Note: Post only for education purposes.
Trade closed: target reached:
Target 1 and 2 on the long side reached multiple times. Target 3 almost reached but economic survey worsened the market sentiment.
Comment:
Look at the beauty of the levels provided.