Banknifty still trading in range of 44000 t0 43300 and it made narrow range today.
Levels to trade for tuesday
43700 above sustains go long stop loss 43550
Target 43800,43850,43900
43520 below sustains Short stop loss 43650
Target 43450 ,43350,43300
look for price action at mentioned levels above chart is 30 mins
Levels to trade for tuesday
43700 above sustains go long stop loss 43550
Target 43800,43850,43900
43520 below sustains Short stop loss 43650
Target 43450 ,43350,43300
look for price action at mentioned levels above chart is 30 mins
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opened right at resistance area 43800 and 43900 dont go long here
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Shorting option would be good risk reward here stop loss day hihg keep 20 points buffer target 43700-43600
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look for reversal pattern here with price action
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stop loss hit today
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43700 above all targets reached , though i lost one trade in morning later on dip went long at 43700 area captured 60 points .
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Banknifty levels for wednesday expiry 44250 is good resistance rejected multiple times only above it expect further move upside
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made double bottom in 5 min time frame go long above 44250 stop loss 44150 target 44400 44500 and trail
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44250 above long triggered
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target 1 reached
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Friday levels,Area to react and take action are below in chart wait for levels and price action at levelt take entries
Trade active:
Trade closed: target reached:
90 points booked
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Trade active:
Spot chart
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Trade closed: target reached:
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Reason for entry levels provided earlier for friday, gap up opened made a dip to my support level (previously resistance )44500 area entry long booked on day high trade closed .
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If someone missed the first entry it gave good second chance to go long to day high target
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