BANKNIFTY LEVELS 02/05/2023
BANKNIFTY ANALYSIS WITH LOGIC:
1. Considering new weekly levels if there's gap up in price it should retest 43295 level with strong candle then only, we will plan for long position up to 43600 level.
2. If price opens at 43600 level and gets rejected at the level, we will short up to 43295 level by maintaining trailing stoploss.
3. Consolidation may occur in between 43065 - 43295 levels.
4. If price opens on a flat note no trades shall be taken until it breaks 43065 level with strong bearish candle, we will short our positions up to 42550 level.
Have a safe and profitable day :)
1. Considering new weekly levels if there's gap up in price it should retest 43295 level with strong candle then only, we will plan for long position up to 43600 level.
2. If price opens at 43600 level and gets rejected at the level, we will short up to 43295 level by maintaining trailing stoploss.
3. Consolidation may occur in between 43065 - 43295 levels.
4. If price opens on a flat note no trades shall be taken until it breaks 43065 level with strong bearish candle, we will short our positions up to 42550 level.
Have a safe and profitable day :)
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