BANKNIFTY LONG RANGE
Updated
BANKNIFTY ANALYSIS:
Bank nifty is at 1st key support, support range is : 52075-51680=395 point zone
Bank nifty major support range is:50666-50438=228 point key support
If plan works there is good risk reward ratio nearly 1:7
IMP: I am expecting bank nifty will come to fill up the gap. so mostly 1st support can break. After 1st support breaks can plan for put side till 50824 tp. from then market will bounce back for fresh all time high.
those white lines are range. pink line act as major resistance.
FOR retail traders intraday you can get some idea from this to which side you have to plan.
Note:
I am Not SEBI Registered
This is my personal analysis for my personal trading. kindly consult your financial advisor before taking any actions based on this.
Bank nifty is at 1st key support, support range is : 52075-51680=395 point zone
Bank nifty major support range is:50666-50438=228 point key support
If plan works there is good risk reward ratio nearly 1:7
IMP: I am expecting bank nifty will come to fill up the gap. so mostly 1st support can break. After 1st support breaks can plan for put side till 50824 tp. from then market will bounce back for fresh all time high.
those white lines are range. pink line act as major resistance.
FOR retail traders intraday you can get some idea from this to which side you have to plan.
Note:
I am Not SEBI Registered
This is my personal analysis for my personal trading. kindly consult your financial advisor before taking any actions based on this.
Trade active
YOU CAN SEE HOW MY LEVELS ARE WORKED BANKNIFTY TAKING SUPPORT FROM MAJOR SUPPORT. AS I TOLD IF FRIDAY WOULD HAVE TAKEN CE ENTRY YOU COULD EASILY GOT MONEY DOUBLED. LEVELS WHICH I GIVE IS CALCULATED LIKE INSTITUTIONAL NOT LIKE RETAIL SUBSCRIBE FOR (TRADINGWARHAWK) CHANNEL IN YOUTUBE REGULAR UPDATES.
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