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BANKNIFTY Monthly Analysis for April 2019

NSE:BANKNIFTY   NIFTY BANK
CPR and Third Layer of Camarilla Pivots are wider than previous month's -> Sideways market(likely)

Short @ R1/H3 and Long @ CPR /L3

Dotted layers can be used for reference for sideways market.

BANKNIFTY also opened withing H3 and L3, indicating a likely ranging market b/w H3 and L3.

If H4/L4 is breached and sustained, H5/L5 should be the target.
Comment: Near CPR, may touch L3.

Most likely reversal back to H1/H2