The above plotted levels on the chart should be considered only when BANKNIFTY opens flat on 28-09-2023.
If BANKNIFTY opens GAP-UP or GAP-DOWN on 28-09-2023 then the following calculations must be considered:
Level 1 = OPEN PRICE (28-SEP) -92.20
Level 2 = OPEN PRICE (28-SEP) - 250.35
Level 3 = OPEN PRICE (28-SEP) - 109.20
Level 4 = OPEN PRICE (28-SEP) + 92.20
Level 5 = OPEN PRICE (28-SEP) + 250.35
Level 6 = OPEN PRICE (28-SEP) + 109.20
Level 7 = (Level 1 + Level 2) / 2
Level 8 = (Level 4 + Level 5) / 2
High Probable Reversal Levels: The yellow, purple, and white lines plotted on the attached chart depicts the high probable reversal levels.
DISCLAIMER: This published idea is only for educational purpose.