Hello Traders,
Previous 2 weeks BANKNIFTY was very BULLISH. It was just a Healthy Retracement happened today.
This week will be Considered BEARISH only when BANKNIFTY closes below and face resistance at the 35375 level.
IMPORTANT LEVELS -----> 34400 --- 35000 --- 35600 --- 35800 --- 36615.
Every important levels act as SUPPORT & RESISTANCE levels when BREAKUP or BREAKDOWN respectively.
1) GO LONG when BANKNIFTY takes SUPPORT at 35375.
TARGET -----> 35600 --- 35800.
2) GO SHORT when BANKNIFTY faces RESISTANCE at 35375 level.
TARGET -----> 35000.
Do comment your thoughts...
Thank you <3
Previous 2 weeks BANKNIFTY was very BULLISH. It was just a Healthy Retracement happened today.
This week will be Considered BEARISH only when BANKNIFTY closes below and face resistance at the 35375 level.
IMPORTANT LEVELS -----> 34400 --- 35000 --- 35600 --- 35800 --- 36615.
Every important levels act as SUPPORT & RESISTANCE levels when BREAKUP or BREAKDOWN respectively.
1) GO LONG when BANKNIFTY takes SUPPORT at 35375.
TARGET -----> 35600 --- 35800.
2) GO SHORT when BANKNIFTY faces RESISTANCE at 35375 level.
TARGET -----> 35000.
Do comment your thoughts...
Thank you <3