raghavs1ngh

BANKNIFTY analysis for 25 Mar 2019

Education
NSE:BANKNIFTY   NIFTY BANK
Dotted Dark Blue Line - CPR
Dotted Light Blue Line - CPR of Previous Timeframe
Dotted Pink Line - H1,H2
Dotted Brown Line - L1,L2
Black Line - R1,R2(Standard Floor Pivots )
Green Line - S1,S2
Pink line - H3,H4,H5
Brown line - L3,L4,L5

Market looks bearish

Both CPR and third layer below previous day's

Trading plan:
1.) If index opens below CPR /H3 and sustains it, L3 and beyond should be your target.
2.) If index opens above H3 and sustains it, go long